In the world of forex trading the triangle pattern stands out as a chart formation that almost everyone knows. This pattern is a signal that the market is taking a breather forming a shape that looks like a triangle as prices moves between two converging levels of support and resistance. This specific pattern is highly prized by traders as it acts as a strong indication … [Read more...]
SuperTrend Indicator – Trend Trading and Scalping with SuperTrend
You may have seen the Supertrend Indicator appearing in Forex charts. It's a great Forex indicator and you can actually make some money with it alongside a solid risk management plan. Using the Supertrend Indicator will give you a real advantage over your competition. You'll be able to spot major trends starting and it will help guide you into making big money trades. … [Read more...]
Fast Scalping System Using The Guppy Moving Averages for Mt4
This is an easy to use system to begin scalping any fast moving market. It uses the Guppy Moving averages indicator for Mt4, and a really short RSI setting of 3. Read on and learn how to use it, and get the files to set up your scalping template. First of all, we all know that trading with the underlying trend is the best way to scalp a few pips of profit. You can try scalp … [Read more...]
Using Volume To Help With Trend Trading
When you're trend trading, you want to be in as long as you can, but in addition you may also want to add to a position as it begins to be profitable. Once you have entered and removed the initial risk from your first stop loss, here is a way to find great levels to move your stop under, and to maybe add small positions into the trade. Volume Level Strategy Important … [Read more...]
Trend Following Strategies: Indicators That Can Keep You In The Trade
While I never recommend using indicators as the sole method to determine an entry point, once you are in a trade there are some useful indicators for trend following which can help filter out the noise and fluctuations as trade begins to develop. Here are some indicators and ideas to help you stay in a trade once you have entered in the direction of the trend. Oracle Move … [Read more...]