Authors Posts by Steve Connell

Steve Connell

69 POSTS 141 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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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.

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The classic way to trade the Keltner channel is to enter the market as the price breaks above or below the channel. This is simple crossover and is a typical breakout strategy.

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This momentum strategy is very straightforward. All you need is the Bollinger bands indicator and to do some basic checking of chart candles. It trades on chart patterns that display signs of pending momentum – that is upward or downward acceleration in price.

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All serious money managers know that the smart money is made not when the market is stable but when the market goes through a sudden state of change. Take for example, the end of a bull run or the imploding of an asset bubble.

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What I describe here is a decision based trading system that trades on inputs from several chart indicators. This strategy learns the “relative reliability” of any indicator input from experience.

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As far as technical analysis methods go, Ichimoku or by its full name Ichimoku Kinko Hyo, is one that’s usually put into the “bizarre”...

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Reducing broker fees can be one of the most effective ways to improve your trading profits. This post explains the cost of fees and how to minimize them.

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It’s often said that how you deal with your first major loss will define you as a trader. Which route you end up on will depend on your personality type.

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Straddle trades are so called because they have two separate legs that sit either side of a given price level. More often than not, straddle trades are used to trade breakout events.

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This post looks at the strategy of divergence trading which uses oscillators such as MACD and RSI to detect market turning points. Divergence highlights places where momentum is slowing and is likely to reverse.