Steve Connell
Steve Connell spent over 17 years working in the finance sector and has experience in a range of financial markets from foreign exchange, commodities to options and futures.
Interpreting Price Channels and Rectangles
Both rectangles and price channels appear in virtually all forex charts. Price channels can provide excellent opportunities for trend trades.
Bearish Engulfing Candlestick: When is it a Strong Reversal Pattern?
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.
Why Most Trend Line Strategies Fail
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.
Using Support/Resistance Lines in Trend Trading
The first step in trend trading is spotting key support and resistances. This post looks at trend trading with support, resistance and confluence lines.
Trend Reversals using Double Top/Bottom Chart Patterns
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.
Trading Strategy for the Falling Wedge Pattern
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.
Techniques for Trading Symmetrical Triangle Breakouts
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?
Trade Setups for Rising Wedge Chart Patterns
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.
Descending Triangles and How to Trade Them
A descending triangle happens when a currency pair in a downtrend attempts to reverse and makes successively lower highs.
Flag Patterns and What They Mean
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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