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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Scalping is a type of day trading where the aim is to make small profits on a frequent basis. There is no single definition of a scalping strategy.

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Pyramiding is a trading system that drip feeds money into the market, gradually as a trend develops. This strategy has several advantages.

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A fading strategy bets against any move that takes the price out of a normal range. Another way of putting it is that fading is a bet on mean reversion.

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The forward collar is a trade-off strategy where you give up some gains to limit losses. It's useful if you expect an asset to stay range bound.

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Price bounces can be triggered by contact with any kind of support and resistance area. This can be a daily pivot line, a horizontal price support, a moving average line, or a Bollinger band line to name just a few.

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Perhaps one of the simplest trading strategies of all is that of the moving average crossover. Simple and exponential crossover strategies have a wide...

margin calls

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The phrase “margin call” comes from the days when a brokerage firm would call a client on the phone and ask them to increase...

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Understanding how trends form is obviously vital if you want to time entry and exit points for buying and selling. This makes Elliott theory an interesting model.

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How ever bad a situation may seem, in nearly every case a losing trade can be recovered and even turned into a winner. This is true if you are prepared to take some action and some additional risk.

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The characteristic “pitchfork pattern” is very common in forex and in other charts. So this is a method that has great practical application.