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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One of the biggest challenges in financial trading is keeping our emotional state of mind in check and preventing it from following the path of least resistance.

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Price manipulation allows your broker to make a riskless profit using your money. This means you can receive unfair execution of your trade orders.

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The descending broadening wedge is easily spotted on a chart. It looks like a megaphone with a downwards tilt. It’s equally likely to appear in downtrends as well as uptrends.

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The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy.

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Both rectangles and price channels appear in virtually all forex charts. Price channels can provide excellent opportunities for trend trades.

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If you’d blindly traded the bearish engulfing candle over the past decade, you’d probably have done slightly worse than if you’d traded on a coin flip.

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Trends are all about timing. Time them right you can potentially capture a strong move in the market. Time them wrong and you’re likely to lose money.

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The first step in trend trading is spotting key support and resistances. This post looks at trend trading with support, resistance and confluence lines.

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Trend reversals are often led by double top or double bottom chart patterns. If the reversal fails it can lead to a double top/bottom breakout.

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When a falling wedge pattern appears in a forex chart it hints at bullish sentiment. Like the rising wedge, this pattern is quite common at all time scales.