Authors Posts by Steve Connell

Steve Connell

63 POSTS 130 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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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.

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Trading on divergences and convergences between related markets can produce profitable trades with very high success rates. Strategies that exploit relationships between markets are...

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This system is for trading fake (false) chart tops & bottoms. I call this a contrarian strategy because the trade entry opposes most technical indicators. I’ve used this day trading strategy to produce profitable short-term trades on GBPUSD, EURJPY, AUDJPY, and EURUSD.

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Global markets opened 2016 in tense mood reminding investors that the big themes of last year haven’t gone away. The Chinese economic slowdown and the commodities story continue to have huge ramifications across global markets and currencies in particular.

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When traders talk about hedging, what they often mean is that they want to limit losses but still keep the potential to make profits. Of course having such an idealized outcome has a hefty price.

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Range trades can be an effective strategy but detecting and analyzing them is a major challenge. This article describes a strategy for trading ranges using adaptive linear regression channels.

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Because of their properties hammer candles are a useful trading signal in two situations: Trend reversals and retrace scalping.

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