Trading double bottoms for failure

Trading double bottoms for failure can be a high probability trading strategy when a market is in a downtrend. Does this mean that double bottoms are failed chart patterns? Let's take a look at some price action in a bit of detail to reveal the truth. We had a number of chart patterns emerge today [...]

NLP & Trading – Trading Stars interview

In this NLP and Trading - Trading Stars interview our Trainer and Coach, Anthony Beardsell is interviewed by Scott Schubert from Anthony discusses his introduction to trading and how he used the modelling skills from NLP to become a master trader. The link between trading and NLP is not immediately obvious, however Anthony discusses [...]

2017-07-21T10:46:43+00:00 NLP, Trading|

Ascending Triangle on DAX – 3rd July 2017

This Ascending Triangle appeared from a quiet morning of trading on the DAX. I don't normally trade all day but I do like to look out for early morning trading opportunities and after a big down week on the DAX last week I was waiting with anticipation to see what the markets would offer this [...]

MACD Bullish and Bearish Divergence with Price

MACD bullish and bearish divergence with price is one of the factors that traders use to judge the end of a trend or strong directional move. Usually some kind of tradable reversal takes place after a bullish or bearish divergence between the MACD indicator and price. We will look at a couple of examples from [...]

Double Top (variant) on FTSE – 27th June 2017

This double top variant appeared today on the FTSE just before lunchtime. I say double top variant because it could also be described as a Head & Shoulders top if it weren't for the fact that the head was lower than the shoulders. It's an unusual pattern but it traded just perfectly. The chart above [...]

How to identify and trade trading ranges | FTSE 100

Markets spend 70% of the time at least in trading ranges so learning how to identify and trade trading ranges is vital for any aspiring trader. We are going to take a look at a textbook trading range from todays action on the FTSE 100 index to help you identify a trading range and profit [...]

The law of probability in trading – Trading Secrets

In this part 7 of our Trading Secrets series we are going to discuss the law of probability in trading.     Most traders are familiar with considering risk and reward as part of their trading system and indeed these aspects are very important, however just as important is the likelihood of a [...]

2017-07-26T14:23:57+00:00 Trading|

How to trade a low volatility market

How to trade a low volatility market. There are some days and periods of time when there is reduced volatility in the markets. Yesterday was one of these times since it was a public holiday in the UK and US. The main markets tend to close during public holidays however the 24 hour markets are [...]

Trading Secrets – Beware of market manipulation

  I hope that you have already found this series useful and are beginning to understand yourself better in terms of how to build a successful trading future with the right mindset and some tools for mastering the emotional and psychological side of trading. We have discussed how beliefs are important in trading [...]

2017-07-26T14:13:12+00:00 Trading|

Day Trading FTSE & DAX 5 minute charts | 17th May 2017

We have three day trades to review for you from this morning. One trade was a gap close on the FTSE 100 and the other two trades were on the DAX. These type of chart patterns occur regularly on the FSTE and the DAX indices. Our aim for reviewing these trades for you is so [...]