Between the lines

There’s nothing wrong with dreaming in our industry, so long as those dreams are realistic. After all, if we weren’t extremely ambitious in relation to our trading then we’d need to quickly find another profession, or hobby. But how do we temper those ambitions in order to set realistic targets and dreams that reaching for […]

As we move through an explanation and analysis of the indicators that we favour in our “is the trend still your friend?” weekly trading article, we’re now going to look at one of the simplest, most popular and arguably one of the most powerful indicator trading tools there is – the RSI. The simple explanation

It’s worth taking a step back from our industry from time to time to marvel at the improvements and opportunities that have developed over recent years. Our retail industry as we know it, operating on the web through trading platforms, is only just over 14 years of age and yet in its present form retail

OK, so yesterday we decided that our strategy wasn’t working and rather than simply condemn it to the trader recycling bin, we subjected it to what we’ve termed our “due diligence failure template” and categorically proved to ourselves (beyond any reasonable doubt) that it would be pointless to continue trying to make a strategy and

We’ve given our current strategy enough time to either work (or fail), so how do we now go about making a clean break and starting with a fresh new ‘shiny’ strategy? And will this gleaming new strategy be any better than the previous one, or are we looking for a change for the sake of

If you were holding a trading conference and you gathered a group of traders into a hotel bar for a relaxed conversation on all trading related ‘stuff’, to then ask them to nominate “just one indicator that they could rely on, “but only one”, the answers would be revealing. Firstly you’d have to ban the

It may surprise many traders to realise exactly what currencies are in the basket of currencies that make up the dollar index. Many of us will have made various assumptions as to what’s in and what’s not, so here’s the definitive definition and answer. The US Dollar Index (USDX) is an index (or measure) of

Yesterday we began a two part article regarding the trading clichés that we’re bombarded with on a regular basis, through forums and blogs in particular. We concentrated on the clichés that we believe fail to stand up to rigorous scrutiny. In part two we’re now going to concentrate on the more positive clichés that manifest

As traders progress through the maze that is trading, eventually discovering the path leading to fulfilment and what we’re fond of terming a form of ‘trader enlightenment’, we come across many trading related clichés on our journey. Some clichés do have merit and some (quite frankly) are random clichés that have very little relevance to

As we continue our short series on the most popular indicators swing traders prefer to use, we move onto one of the first indicators novice traders will experiment with – the MACD, or the moving average convergence divergence. It’s visual simplicity and its ability as a histogram visual to display price action (across many time