Advanced Training: Reversal Trading

Strike 3.0 Scanner

What is a Reversal? A Reversal is pretty much what it sounds like; price turning and going in the opposite direction. Some reversals are merely retracements – the market taking a breath from a long run. Others are actual longer-term market direction changes. The actual […] Read more »

Advanced Training: Momentum Trading

Strike 3.0 Scanner Signal

The Strike 3.0 tools are used for two different strategies: Strike 3.0 Momentum Strategy Strike 3.0 Reversal Strategy In this training we will be discussing the Momentum Strategy. Next month, we’ll look at the Reversal Strategy. What Is Momentum? Investopedia.com defines momentum as: The rate […] Read more »

Advanced Training: Trading Plans

forex plan

What Is A Trading Plan? Trading is a business. If you want to be successful and profitable, trading can not be a hobby. Hobbies are activities upon which you spend money for your enjoyment. Your trading should not be that way. If you want to […] Read more »

Advanced Training: Money Management

GBPNZD Support/Resistance Examples

Let’s start with a controversial statement; Money management strategy is far more important to your success as a trader than is trade entry strategy. Everyone is looking for the “holy grail” trade entry strategy where price will go straight from the entry to the target […] Read more »

Advanced Training: Price Channels

USD/JPY Channel

Trading price channels can be one of the simplest, most profitable trading strategies in the market. Finding a longer term channel is like finding a nice gold nugget. We’ll be discussing where to look for price channels, what types of channel line drawing tools are […] Read more »