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 ready […]
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 the […]
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 moment […]
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 – Stage […]
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 […]
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 indicators […]
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 […]
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 trades […]
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 know […]
In the first part of this series we introduced a four stage process for persuasion and gaining influence. We talked about the importance of being in a position to influence and how to get into that position using a process of gaining rapport […]
