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Taking A Breakout Trade

Taking A Breakout Trade Today it was time to use the breakout strategy to make some profit for the day. During the London session, oil traded in a tight trading range of about 40 ticks, it was a matter of time in order to see some movement. We saw a break of the range in…

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Trading Triangle Chart Patterns

Trading Triangle Chart Patterns

The triangle is a common chart pattern that day traders should be aware of. It is an important pattern for a number reasons. Triangles show a decrease in volatility, that could eventually expand again. This provides analytical insight into current conditions, and what type of conditions may be forthcoming. The triangle pattern also provides trading opportunities,…

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Day trading 30 minutes a day

Day Trading 30 Minutes A Day

Day Trading 30 Minutes A Day Many novice day traders start their careers by jumping into the markets head first and attempting to learn by trial and error. However, in many cases this is not the best thing to do. While it may be good practice to learn all you can about day trading, it…

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Day Trading With Patience Pays Off

Day Trading With Patience Pays Off…

Day Trading With Patience Pays Off… New or seasoned traders need to have a proven system or strategy, defined risk management and patience. Understanding the system is important. As traders bring all the indicators and rules into play, most will see positive results. Using the chosen system, including following the entry and exit rules, becomes…

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Entering a Trade in an Uptrend

Entering A Trade In An Uptrend

Entering a Trade in an Uptrend As opposite to last week where price was trading in a down trend on Monday, today it was time to take some trades in an uptrend. There was barely movement as usual during the London session, with price breaking support but immediately breaking the established resistance area that was…

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Crude Oil Futures Market Recap

Crude Oil Futures Market Recap For today we finally saw some decent price action after 2 boring trading days and of course the big drop of last Monday. We got some mixed directions for today and at the end we can see that we just had price trading within a big trading range. We of…

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