As an active trader, you are always on the lookout for a strategy that works. Often, you end up having your trading screen filled with a jumble of lines and advanced indicators. But maybe it doesn’t have to be so complicated. The active trader, blogger, and analyst Joe Marwood has…
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The COT (Commitment of Traders) indicator is a powerful forex trading tool, surprisingly used only by a minority of traders. The indicator is based on the reports published by the Commodity Futures Trading Commission (CFTC) every Friday. The report from the CFTC can be used by traders to spot potential…
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The stochastic oscillator – also known as stochastics – is one of the most recognized indicators for assessing momentum in technical analysis. The idea behind this indicator is that in an uptrend, the price should close near the highest point of the range in which it moves in each period.…
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The 5-1 strategy was developed by the Danish day trader Hans-Henrik Nielsen from Markettimer, known for his simple yet effective strategies. The 5-1 strategy is a distinct day trading strategy. It can be used in its simplest form, but it can also be advantageously refined with additional indicators. The strategy…
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This strategy was coined by the American forex trader Kathy Lien. The technique involves identifying areas in a currency pair where the price approaches a “double zero,” such as 0.7200 in NZDUSD or 1.1200 in EURUSD. The idea is that these areas represent natural support or resistance for thousands of…
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Candlestick charts were invented by Japanese rice merchants in the 17th century and were used to trade rice contracts from around 1710 onwards. Fundamentally, these are charts that contain more information than the classic chart, the line chart, and therefore also offer the possibility of reading the market in a…
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The simpler, the better. That’s often the case with trading strategies. Here is an example of a strategy that can yield a strong return if you enter the market correctly. The strategy has been backtested with good results. We have tested it on 2-, 5-, and 30-minute charts in Dow…
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Bollinger Bands® is an indicator that measures market volatility. Bollinger Bands® was invented by the technical analyst John Bollinger in the 1980s, and he obtained trademark protection for the indicator in 2011. Bollinger Bands® consists of three lines: A middle line and an upper and lower line, often encapsulating the…
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The Relative Strength Index or RSI is a momentum indicator that compares the magnitude of recent gains to recent losses over a period. RSI is usually used to assess whether a market is overbought or oversold. If you calculate RSI on a daily chart, it is done using the following…
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Parabolic SAR (also called PSAR) is not a particularly widespread indicator among Nordic traders, which is a pity because the indicator can provide some exceptionally strong signals in a directional market, and the indicator is relatively easy to understand. At the same time, the indicator is ideal for use in…
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