How many times have you caught a powerful burst of market momentum in your trades? Did you hesitate to grab your profits? How often did you end up giving back a huge chunk of your paper profits to the market? Profit-taking is critical for momentum traders. Momentum does not last long. Not grabbing your profits […]
Trading Pullbacks Using Trend Lines and Price Channels
If you ask a group of price action traders about their favourite tool, one of the top answers will be trend lines. Trend lines and price channels are the best tools for amplifying the power of price action. In this article, you will learn a powerful pullback trading strategy. It is a simple approach using […]
A Plain and Simple Trend Line Channel Trading Strategy
Trend line channel – a simple tool based on plain ol’ price action. Basically, it’s a pair of lines that highlights the market trend, trade entry, and exit. What more can a minimalist trader ask for? Or should I say what less can a minimalist trader seek? Before you can trade with a trend line […]
10 Technical Trading Indicators You Must Know
Are you confused by the bright lines on your trader friend’s price charts? What value do those squiggly lines add to your chart analysis? Let’s find out now. In technical analysis, these colourful lines are technical indicators used for forecasting the market. There are tonnes of trading indicators with creative traders churning out new variants […]
Andrew’s Pitchfork Trading Strategy
Alan Andrew’s Pitchfork is catchy. It catches your attention with its unusual name and its striking pitchfork appearance. It also catches trends with a channel. Essentially, Andrew’s Pitchfork is a tool for drawing price channels. While two lines surrounding price are usually enough to draw a channel, the Pitchfork has an extra line. It is […]
4 Ways to Trade a Channel
Do you trade with a channel? There are dozens of channel for trading including linear regression channel, moving average channel, and trend line channel. Regardless of your favorite channel tool, there are 4 ways to trade them. Let’s learn about them to make the most out of your trading channel. Trading Trends with Channels This is a […]
