Authors Posts by Steve Connell

Steve Connell

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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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A descending triangle happens when a currency pair in a downtrend attempts to reverse and makes successively lower highs.

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The flag pattern is closely related to the pennant. It’s a continuation pattern that tends to indicate that a trend is pausing rather than reversing.

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Pennants are usually a reliable indication that a trend is set for a new leg. In other words they serve as good continuation signals.

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Ascending triangle patterns are useful for trading bullish trends, on the long side. These are good for short to medium time frames.

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Triangles mark price consolidation. In this article I'll show simple methods to trade them by predicting whether a trend will continue or reverse.

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There are three common price actions that happen at support and resistance. These are 1) price testing, 2) fake outs, and 3) breakouts.

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This post looks at three real and proven strategies that you can use to trade Japanese yen. Yen has some unique attributes that set it apart from other currencies.

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When you start trading, one of the things you’ll want to decide on is what kind of strategy you’ll be using.

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This strategy works by detecting breakouts in EURUSD at times when volume is increasing sharply. Usually this coincides with the open of London markets.

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You may have seen there are countless articles on the web declaring engulfing strategies are a sure bet and offer high probability trade opportunities. But does this approach really work? In this article I will do a thorough analysis of the data to prove if this method really stacks up.