The Relative Strength Index (RSI)
The Relative Strength Indicator (RSI) is a technical indicator that was created by J. Welles Wilder and is explained fully in his book, New Concepts in Technical Trading Systems. (more…)
GBPCAD: Week of 27 May 2024
See daily chart of GBPCAD below for the discussion that follows. (more…)
EURCHF: Week of 20 May 2024
See daily chart of EURCHF below for the discussion that follows. (more…)
Hard Work and Persistence: Keys to Trading Success
Hard work and persistence in trading, just like with any other worthwhile endeavor, is often required for success. In this post I draw from a quote of the late William…
EURAUD: Week of 13 May 2024
See daily chart of EURAUD below for the discussion that follows. (more…)
Trading with Scared Money
New traders often start out trading with what is known in the trading community as trading with scared money. This might not the best way to start trading and its…
USDJPY: Week of 6 May 2024
See daily chart of USDJPY below for the discussion that follows. (more…)
Flags and Pennants
Flags and pennants are very popular short term, continuation chart patterns. They are very reliable and many traders trade them exclusively with great success. If you’re interested, please read on.…
AUDNZD: Week of 29 April 2024
See daily chart of AUDNZD below for the discussion that follows. (more…)
EURGBP: Week of 22 April 2024
See daily chart of EURGBP below for the discussion that follows. (more…)
Sticking to Your Stops are Great, but it’s Not Enough
One of the first things you’ll here when it comes to successful trading is sticking to your stops. While this is great advice, there is another part to the equation…
EURUSD: Week of 15 April 2024
See daily chart of EURUSD below for the discussion that follows. (more…)