When I started trading, I was excited to find various entry strategies online, such as candlestick patterns. While I could identify good trading opportunities, I didn’t know how to determine the right price to close the trade if it went in my favor. In my quest to find the perfect take profit strategy, I tried…
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Are you interested in trading but don’t know where to start? Candlestick chart analysis is a great place to begin. In this beginner’s guide, we’ll cover the basics of candlestick charts and how to use them to find trading opportunities. What is a Candlestick Chart? A candlestick chart is a type of financial chart used…
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As a trader, one of the most important skills to develop for success is the ability to identify major support and resistance levels. You’ve probably heard the cliche “follow the trend,” which emphasizes that long-term success is found in trading with a trend. However, from my experience, identifying the trend is just the beginning. Once…
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One of the most important components of your trading strategy is your entry. There are many trading strategies out there, and for technical analysts like me, they include pin bars, inside bars, false breaks, and more. When starting out, there’s a temptation to learn and use as many signals as possible to achieve success faster.…
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Throughout my years of trading markets, I’ve learned that one of the most important elements in achieving profitability is being able to identify the long-term trend of a market and trading within the direction of that trend. In this article, I’ll share four reasons why it’s important to trade with the long-term trend. 1. Trading…
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This lesson is about creating your own weekly market commentary. This practice involves analyzing your favorite markets at the end of each trading week and writing down your analysis. I mainly use the daily and weekly chart timeframes and check for support or resistance levels, the dominant market trend, and any price action signals. The…
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