Trading Setups Archives - Page 3 of 13

3 Easy Ways To Make The Classic 9/30 Trading Setup More Powerful

By Galen Woods in Trading Setups on February 10, 2017

Remember the classic 9/30 trading setup we introduced five years ago? Would you be shocked to learn that this simple strategy is all you need to start your trading journey? Sure, you will not be profitable right away. But it provides a great launchpad for a trader who is new to technical tools. When starting […]

4 Trading Strategies For The Trend Line Tactician

By Galen Woods in Trading Setups on January 3, 2017

Price action traders can’t do without their trend lines. Trend lines are practical tools for tracking and trading trends. It makes sense to form trading strategies with this simple but useful tool. Many traders who seem to trade with a blank chart have in fact internalised the art of trend line drawing. They can visualise the […]

A Plain and Simple Trend Line Channel Trading Strategy

By Galen Woods in Trading Setups on May 20, 2016

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 […]

John Hill’s Trend Line Theory – Using Trend Lines for Trading Pullbacks

By Galen Woods in Trading Setups on July 3, 2015

Trend lines are amazing trading tools. Even traders who swear off indicators draw trend lines. Seasoned traders can see how price action interact with trend lines without drawing them. If you want to join their ranks, John Hill’s Trend Line Theory is an excellent place to start. John Hill is a co-author of Ultimate Trading […]

Trading Continuation with Runaway Gaps

By Galen Woods in Trading Setups on June 19, 2015

Gaps represent prices that the market did not trade at. They are pockets of vacuum. For this reason, gaps intrigue traders. Hence, it is not surprising that there are various gap trading strategies. The trading strategy depends on the type of gap. (For e.g. exhaustion gap and runaway gap.) Runaway gaps occur in the middle of […]

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

By Galen Woods in Trading Setups on April 3, 2015

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. […]