Learn the strategies to consistent and profitable (forex) prop trading.
Bounce trading aims to take advantage of price reversals (or “bounce”) that occurs at a support or resistance level. We will look at how this strategy works, how these key levels can be identified and traded: How the bounce strategy works The fundamental principle behind the bounce strategy follows the logic that if a price repeatedly dropped...
Confluence in trading is the use of two or more different tools/forex indicators to filter and verify each other’s signals. It provides a comprehensive view of the market and helps you weed out low-probability setups. Let’s look at its key components, application tips and common mistakes to avoid: Key components of confluence trading These are some...
An order is an instruction to execute a financial asset at a specific price or under certain conditions. Let’s look at the different types of orders in trading: Market orders: This is a directive to execute (buy/sell) a security instantly (at the best available price). The execution price here is not guaranteed (especially during volatile market conditions or significant...
The Three Drives pattern is a trading strategy used to find potential trend reversals. It is made up of three consecutive price swings (also known as legs) in the same direction, and followed by a significant retracement. In this post, we’ll look at how to identify and utilise it: How to find the three drives pattern &...
A single candlestick pattern shows price (or trading) activity within a period of time. It is identifiable by its unique shape, colour & wick, and indicates a bullish, bearish or neutral trend. Let’s look at fifteen (15) single candlestick patterns and what they usually signify in the market: 1. Doji candle It is called a doji when the...
