Announcements
This site is currently inactive as I have decided to move away from exclusively trading Forex in 2010 and as such will not be taking on new coaching clients in this area.
I have resumed my focus on coaching as a stock market mentor where I run a success guaranteed stock trading mentorship program
Additionally, you can now get access to what I consider to be the best stock options daily trade alert service.
Of course, I am biased and with a success rate fluctuating between 68.2% and 72.4% it is hard not to be biased.
If you do want to follow along with what I am doing every day you can get access to my daily stock market report
You can read the step-by-step Bollinger Band Trading Strategy Guide - this is my main active trading strategy
Until next time
happy trading
Trading Plan
Fibonacci Pull Back
Following on from the Fibonacci basics article we can now start to use a structured approach to identify and trade with Fib levels.
Trading Fib levels is pretty much the same as trading a pullback but you are using fib levels to determine where and when you you will get into a trade and place your stop loss level as well as identify your target levels.
Range Break Out
Range Break Outs form the basis of my core trading. Generally speaking I call most consolidation patterns a range whether it is a triangle in one of its many guise's, a head and shoulder pattern, and so on.
Ranges
As the saying goes there are many ways to skin a cat, in terms of a range it is usually it is pretty simple to "see" a range and I believe people get a little hung up on this point.
I will start by Identifying two types of range.
- Intraday Range
- Longer Term Ranges
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