Many new traders gravitate towards a simple day trading strategy because they want easy solutions to the market puzzle. But as they gain experience, they realize that simple strategies are rarely profitable out-of-the-box. Yet, most traders still look for simple trading strategies. Why? Why do traders love simple trading strategies? First, it is easy to […]
Double Inside Bar Pattern For Intraday Trading
Are you familiar with the inside bar? If so, it’s easy to add another pattern to your arsenal by paying attention to the Double Inside Bar pattern. This price pattern is useful in the right context, but trading it can be tricky. This review will go through a few guidelines and examples to help you […]
Jjrvat’s Price Action Trading Approach
A price action trading approach is not as specific as a setup or strategy. But it is far more useful because it offers market perspectives that will empower you to form your own strategy. In this article, you’ll learn about a scalp trading approach imparted by jjrvat on Elite Trader, a popular trading forum, back in […]
CCI Indicator For Day Trading Forex
Donald Lambert introduced the Commodity Channel Index (CCI) in the Stocks & Commodities magazine back in 1980. Now, you can find the CCI as a standard indicator in most charting packages. Clearly, it has stood up to the test of time. In this article, we’ll use Lambert’s original article on the Commodity Channel Index as a starting […]
The 20-Period Moving Average As Your Only Day Trading Tool
Day trading is a fast and furious game with many facets. Hence, the best approach is to keep your trading method simple to ensure effective trading. In this article, rather than adding indicators, let’s look at how to make the most out of a single indicator – the moving average. You might think that restricting […]
Your First Guide To Trading With The Volume-Weighted Average Price (VWAP)
There are dozens of trading indicators out there. But among them, there’re a few that stand out as exclusive intraday trading tools. And the volume-weighted average price (VWAP) is the best-known example. This guide aims to introduce you to this nifty intraday trading tool. What is the Volume-Weighted Average Price? The VWAP is the average price […]
