Posted by Casey Stubbs on Saturday, February 27, 2010,
In :
Trading Strategy
Detecting Forex Price Trends using Candlesticks
Wednesday, February 24, 2010
By: Terry Allen
Expert consensus considers that candle patterns that have either a long upper or lower shadow with little body, are the most useful, e.g. hanging man, hammer, morning star and inverted hammer. You are also recommended to search for these patterns on the more reliable hourly and longer-period charts.
You can use these candlestick patterns in the following way. If you have been unable t...
Posted by Casey Stubbs on Wednesday, February 17, 2010,
In :
Trading Strategy
The
amount of information available online about currency markets is nearly
infinite. Parsing through this data to make intelligence decisions
about when,what, and how much to trade can quickly become overwhelming.
Profitable traders handle this information and make intelligent
decisions by creating a trading plan that sets up a blue print of your
goals and the tools you will use to reach those goals.
A
trading plan should have three parts: What you want to accomplish, what
tools you will use...
Posted by Casey Stubbs on Wednesday, February 10, 2010,
In :
Trading Strategy
Some Important Forex Reversal Patterns
Tuesday, February 09, 2010
Here are descriptions of a number of important reversal patterns which should help you detect them better as well as improving your trading results.
Double Top and Bottom Patterns
Double top patterns, which are also called "M" patterns, are initially formed by a long rise in trading price. The shape then continues with two tops, separated by a valley, before terminating with a significant drop in the trade price. Double ...
Posted by Casey Stubbs on Thursday, January 28, 2010,
In :
Trading Strategy
The last Video I posted was how to set a stop loss which brought many questions on how to set a profit target. I have been answering the readers questions so if you would like me to do a video just send me a comment or email and I I will gladly get one together for you. The forex market can be challenging so I hope these videos are helpful to newer or beginning traders. Also helpful for more seasoned traders that are struggling to become profitable.
Posted by Casey Stubbs on Tuesday, January 26, 2010,
In :
Trading Strategy
Today I received an email from a reader that asked how to place a stop loss. I think that is a great question and I decided to do a short video to help him understand how to place your stop so that you can have good trades with out much risk.
The best way is to use support and resistance levels along with the highs and lows of the candles that you see the entry signal. This video can also bee seen as a current buy setup in the Usd/Cad.
Continue reading ...
Posted by Leo Ong on Sunday, January 17, 2010,
In :
Trading Strategy
Before this article I would like introduce my friend Leo, Leo has been a reader of the blog and has been in my premium trading service. So visit Leo's site and we expect to see many good things that will be of great value from Leo. Also Follow Leo on Twitter.
Forex trading is the easiest and fastest way to get rich. Really! After all, haven't you seen ads all over the internet conveying the same message to you? "Ex top bank trader reveals the one secret that makes 1,... Continue reading ...
Every trader has developed strategies over time based on observations. How many times have we longed or shorted a currency pair, only to see it go against us by 10-20 pips and make us nervous, or doubt the validity of our trade? What if you could strike with precision and maximize your entries and exits to a far greater degree? Patterns in technical analysis repeat and repeat often. It doesn't really matter what ... Continue reading ...
Posted by Casey Stubbs on Tuesday, September 29, 2009,
In :
Trading Strategy
This is part of me helping my traders. In my last survey the traders said they wanted strategies so here is a new strategy that we can test. Remember try it out on demo before going live. Comment on what you think about it.
This Strategy was posted by Erik Kanters @ Traders Home.
The Slingshot Strategy
Pairs to trade with this strategy: -EUR/USD
Chart setup: -1 hour candlestick chart -10 period EMA using the high price -10 period EMA using the close price -10 period EMA using the low price
This was submitted to me by one of my readers and there is alot of value in it. take this page an bookmark it and read these points all the time.
I don't agree with everything but this is good. Let me know what you all think of this.
--Casey
This article looks at the most common reasons why professional and new traders lose money on the forex market. Instead of learning from failure, learn how to avoid it. Knowledge Deficiency
Posted by Casey Stubbs on Thursday, September 3, 2009,
In :
Trading Strategy
Today I received an email from one of my readers for advice on a trading strategy. It was a great question and I am going to answer it here on the blog so that everyone may benefit from this traders question.
He asked for advice on a trading strategy and so I am going to ask for trader participation in this one. If you have any trading tips that I missed. Please share them here and we will all become better traders.
This is what he posted: I am a short term trader who use 5/10 EMA crossing, RS... Continue reading ...
Posted by Casey Stubbs on Saturday, August 15, 2009,
In :
Trading Strategy
The trading strategies I have been sharing lately has been quite popular and many have been asking for more so, I am going to share a moving average strategy with a video.
This strategy is from Forex Strategy Secrets Revealed, this excellent website by Edward Revy has many great strategies he shares from this website I just discovered. There is also an excellent charting package available that has a great strategy built in and right now you can get an instant download for free.
Posted by Casey Stubbs on Monday, July 13, 2009,
In :
Trading Strategy
Yesterday I gave a winning Forex Trading Strategy, today I am making my first trade with this strategy.
It is 11:05 PM Est Eur/Usd
We tested the resistance level of 1.3973 and bounce off of it I believe we are headed down to the next support level of 1.3891
I just entered at 1.3950 I have a stop at above the resistance level at 1.3979 with at target of 1.3891
I will adjust the stop forward as I gain profit but I will not move it back. I opened two lots and I will keep the other lot with no limi... Continue reading ...
Posted by Casey Stubbs on Sunday, July 12, 2009,
In :
Trading Strategy
Every time I say that it is not hard to find a winning Forex Strategy I always get comments and emails saying , it is so hard. I am going to prove that a strategy does not have to be complex to be a winner. I will be trading this strategy this week and we will see how it works.
The trick is don't make it too difficult and make sure you follow your trading plan and money management rules. Record everything and analyze results afterwards.
This is called the support and resistance trading strategy... Continue reading ...
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Winners Edge Trading. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
