Double bottom, bear trap and failed double top on DAX
Today I’m going to highlight some interesting trades on the DAX one minute timeframe. There are three trades that we took and that are contained in the chart above. Two of the trades worked perfectly and the third worked out ok but didn’t reach target. As always the idea in highlighting our trades is to […]
Head & Shoulders chart pattern on the Dow Jones | 12th April 2017
We had a textbook Head & Shoulders chart pattern present itself on the Dow Jones index last night which offered a good trade. The Dow is a popular day trading index for US traders. Also lots of our students in the UK are working full-time and trading part-time as they build up their trading accounts […]
Wedge chart pattern on Dax | 12th April
We had a couple of great trades after a wedge chart pattern on the DAX today which I thought you may be interested in. Let me talk you through the trades and the price action. The chart above is the one minute chart on the DAX. You can see the wedge or channel encased in […]
Head & Shoulders chart patterns on the DAX | April
Head & Shoulders chart patterns show up at the tops and bottoms of price swings and are common on most markets. Here are four Head and Shoulders patterns on the DAX that have dominated trading over the last few days. When a market is in a medium term trading range as the DAX is at the […]
A process for persuasion and influence – Stage 4 – Timing
We are at stage 4 now in the process of Persuading and Influencing and it is time to be direct and to go for the close. The time is right now. Let’s review the first three stages briefly. We are in rapport – Stage 1. We have asked questions and handled any immediate objections – […]
Trading Secrets – Don’t believe what you see, get to understand the rules of the game
In the last part of this trading secrets programme we discussed how our perceptions are a brain creation, a representation of reality and not reality itself. The reality in trading is that whichever market that you are trading, and at any point you never know for certain which way it will turn next. You may […]
Pullback reversal on EURUSD | 24th March
A pullback reversal happens when a market breaks out of a zone or range, pulls back to the range and then reverses, thus confirming the breakout. We are going to look at a good example from the EUR/USD currency pair market. The chart above is a 5 minute chart and it has three moving average […]
What is in it for me? Persuading and Influencing – Stage 3
Stage 3 – What is in it for me? Persuading & Influencing In this Stage 3 of Persuading and Influencing we are going to present our reasons for someone to go ahead with our suggestion. In sales this would be the stage where we demonstrate and present our product or service. In leading and managing […]
Big bear breakout & trend on the DAX | 21st March 2017
Today we are going to examine a big bear breakout and trend on the DAX. Most of the time recently the DAX has been in a trading range. It is very tricky making money when the market is in a trading range if you are using a strategy that relies on momentum. Reversal and countertrend […]
Bear Breakout trade on the DAX | 20th March 2017
In a fairly quiet morning of day trading on the DAX the pick of the trades was a lovely quick breakout trade. This trade netted a beautiful 20 points in just two minutes. This was a textbook breakout on the German DAX market and so serves as a good trade to discuss so that you […]