Price channels are helpful indicators for maintaining focus. Unlike many other trading indicators, they plot directly over price action. Instead of distracting you from the price action, channels offer a useful framework for analyzing market movement. There are many flavors of price channels out there. But their recipe boils down to two ingredients: A representative […]
Trading Psychology Crash Course
The market is crashing. It is volatile and uncertain. Many traders are focusing on how to take advantage of the market in such exceptional circumstances. But I recommend taking this opportunity to take a hard look at trading psychology. Swinging prices lead to highly-charged emotions in the market. There is no better time to remind […]
How To Track Price Swings And Market Structure With Moving Averages
Load a price chart with a sufficient number of candlesticks. You will find that the market rarely moves in a straight line. The market moves in waves or swings, which form the basis for mapping out the market structure. Market structure is a cornerstone of price action trading. First, you need to analyze the market […]
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 […]
How To Uncover Price Action Trading Patterns From Scratch
Are you fascinated by price action trading patterns? Have you learned about candlestick patterns like the Engulfing and Harami? Have you studied volatility patterns like the NR7 or the ID/NR4? If you answered yes to the questions above, then you must’ve wondered about their origins. More importantly, you must’ve wondered how you can uncover price […]
Trading: Your Passion or Addiction? How To Cultivate A Healthy Trading Passion
How many hours do you spend on trading each day? Do you find it difficult to peel your eyes away from your candlestick charts? Have your family and friends said you live and breathe the market? Are you passionate or addicted? In a game of odds like trading, there’s a fine line between passion and […]
