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.
Can a Trading System Learn by Example?
What I describe here is a decision based trading system that trades on inputs from several chart indicators. This strategy learns the “relative reliability” of any indicator input from experience.
The 3 Signals of Ichimoku and How to Trade Them
As far as technical analysis methods go, Ichimoku or by its full name Ichimoku Kinko Hyo, is one that’s usually put into the “bizarre”...
Is Your Broker Eating Your Lunch?
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.
Why Losses are the Best Teacher
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.
The Straddle Trade: How to Trade Breakouts with Limited Downside
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.
The Divergence Trade: Finding Reversals Using MACD & RSI
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.
Using Intermarket Analysis: Real Examples in Forex, Commodities
Trading on divergences and convergences between related markets can produce profitable trades with very high success rates. Strategies that exploit relationships between markets are...
Contrarian Method for Trading False Reversals
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.
Forex Hedging: How to Create a Simple Profitable Hedging Strategy
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.
Using Linear Regression Channels to Trade Ranges
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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