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.
Trading Pennant Chart Patterns
Pennants are usually a reliable indication that a trend is set for a new leg. In other words they serve as good continuation signals.
Ascending Triangle – Trading Bullish Breakouts
Ascending triangle patterns are useful for trading bullish trends, on the long side. These are good for short to medium time frames.
Simple Ways to Trade Triangle Chart Patterns
Triangles mark price consolidation. In this article I'll show simple methods to trade them by predicting whether a trend will continue or reverse.
How to Trade Support/Resistance Lines using Reinforcement Signals
There are three common price actions that happen at support and resistance. These are 1) price testing, 2) fake outs, and 3) breakouts.
3 Yen Trades that Make Money
This post looks at three alternative strategies that you can use to trade Japanese yen. Yen has some unique attributes that set it apart from other currencies. It is the third most traded currency after the US dollar and the euro.
How to Day Trade Directional Volume Breakouts
This strategy works by detecting breakouts in EURUSD at times when volume is increasing sharply. Usually this coincides with the open of London markets.
The Engulfing Candlestick Trade – How Reliable Is It?
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.
Keltner Channel Breakout Strategy
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.
Momentum Day Trading Strategy Using Candle Patterns
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.
Why Changing Markets are Where the Real Money is Made
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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