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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Of the triangular patterns found in forex charts, the symmetrical triangle is possibly the most confusing and also the most difficult to trade. But how useful is this chart pattern in practice?

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Rising wedge patterns are extremely common in forex charts and they can be useful at any timeframe. This post explains trade setups for bearish breakouts.

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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.