Reading price action means knowing what the market has done and what it is doing now. Armed with this knowledge, we increase our chances of predicting what the market will do. (If you have no idea what price action is, take a quick look at our Price Action Trading Primer. We’ll wait here for you.) […]
Archives for March 2014
7 Trading Books For Your Library
There are some trading books that you should read, and there are some that you should own. Borrow or rent the former, and buy the latter for your trading library. We came up with a list of trading books you should own. And this is our criteria: Technical trading books Does not need any proprietary […]
2-Period ADX Trend Trading Strategy
J. Welles Wilder pioneered an array of popular indicators (ADX, Parabolic SAR, RSI) in his book, New Concepts in Technical Trading Systems. The 2-period ADX is our tweak of Wilder’s ADX indicator to enhance its prowess for day traders. In the 2-period ADX Trend Trading Strategy, we are using a 2-period ADX to catch low risk […]
10 Resources For Learning Price Action Trading
Many traders covered and surrounded their candlestick charts with colorful lines known as indicators. Then, they realized that they were still losing money day after day. Inevitably, they concluded that indicators were the problem. They have decided that the Holy Grail is Price Action Trading, which focuses on trading without any indicator. But I hold […]
3 Moving Average Fake-Out Trade Setups On Weeklies
The Moving Average Fake-Out uses three moving averages to confirm established trends and provides a reliable way to join the path of least resistance. Learn: Moving Average Fake-Out These three stocks have risen steadily in their weekly charts. The color of the moving averages in the charts below changes according to their slope. The look-back […]
