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Trading Setups Review

Trading Strategies, Guides, and Articles for Active Technical Traders

You are here: Home / 2015 / Archives for April 2015

Archives for April 2015

A Simple Way to Look at Price Action – Trend Bars

By Galen Woods in Trading Articles on April 24, 2015

Trend Bar

Understanding price action is simple. I am not talking about trading price action, but just reading it. I am referring to grasping what the market is doing right now. Price action results from the struggle between buyers and sellers. It is the footprint of the fight between the bulls and the bears. When you look at […]

10 Quotes to Help You Trade Like Stoics

By Galen Woods in Trading Articles on April 11, 2015

Marcus-Aurelius

Have you gone through the trading cycle of trying and failing? If so, you know that a trader is never ruined by a lack of funds. You can always earn money from other sources to fund an empty trading account. Destructive emotions are what truly ruin a trader. If you feel frustrated with yourself, you can never […]

How to Use the Relative Strength Indicator (RSI) for Day Trading

By Galen Woods in Trading Setups on April 3, 2015

RSI Day Trading Winning Example

J. Welles Wilder is a giant in the field of technical analysis. In “New Concepts in Technical Trading Systems”, he introduced an array of trading indicators. Now, these indicators are among the most popular. And one of them is the Relative Strength Indicator (RSI). The default RSI setting of 14 periods work well for swing traders. […]


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