Authors Posts by Steve Connell

Steve Connell

84 POSTS 155 Comments
Steve Connell has spent over 17 years working in the finance sector as a trader/market maker and strategist. Over that time he’s worked for several global banks and hedge funds. Steve has a unique insight into a range of financial markets from foreign exchange, commodities to options and futures.

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The forward collar is a trade-off strategy where you give up some gains to limit losses. It's useful if you expect an asset to stay range bound.

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Price bounces can be triggered by contact with any kind of support and resistance area. This can be a daily pivot line, a horizontal price support, a moving average line, or a Bollinger band line to name just a few.

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Perhaps one of the simplest trading strategies of all is that of the moving average crossover. Simple and exponential crossover strategies have a wide...

margin calls

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The phrase “margin call” comes from the days when a brokerage firm would call a client on the phone and ask them to increase...

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Understanding how trends form is obviously vital if you want to time entry and exit points for buying and selling. This makes Elliott theory an interesting model.

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How ever bad a situation may seem, in nearly every case a losing trade can be recovered and even turned into a winner. This is true if you are prepared to take some action and some additional risk.

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The characteristic “pitchfork pattern” is very common in forex and in other charts. So this is a method that has great practical application.

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Trading without stop losses might sound like the riskiest thing there is. A bit like going mountaineering without safety gear. But what's the reality?

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To make any market there need to be both buyers and sellers. The bid and offer prices are simply the prices at which other buyers in the market are willing to buy and sellers are willing to sell.

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To manage this risk, what some do is make a simple guess to estimate the potential loss involved.The problem though is this doesn't take the full picture.