Price Action – Breakout Trading

In the previous article we talked about Price Action in general and we also described Reversal Trading. This time we focus on another very important aspect of Price Action methodology, which is Breakout trading. Breakout Trading Breakout traders expect S&R levels to fail. According to our previous explanation in the previous article, Support is a […]

Price Action – Reversal Trading

In June 2013, price on Gold fell to about $1200 after a severe downtrend. Price on Gold has never been that low since August 2008. Shortly after, price reversed and rallied up to $1430. 3 months later, we tested the $1200 level again in December 2013 and the price bounced again. Price hasn’t tested that […]

Introduction to Volume Spread Analysis

In this series we will introduce the famous Volume Spread Analysis (VSA) system that uses the very foundation of market behaviour. The foundation for this system was laid by Richard Wyckoff, the legendary trader, who supposedly earned a fortune with this system. In the 1970s, this system was taken by Tom Williams, who developed it […]

Introduction to Woodies CCI System

In this new series we will focus on the popular Woodies CCI system. The system presented in this series will follow the rules set by Ken Wood and his followers. This series will cover the following chapters:  Introduction to Woodies CCI  Presentation of used indicators  Trend signals  Exit trade rules  Counter-trend signals  Conclusion In this […]

Implementing The Wealth Builder

I want everyone who reads this file to realize that implementing this plan will be much harder than it looks. Think about it for a second. If you are not trading successfully, then you are buying market rallies and/or selling market breaks. You have a trader profile that gets long at the top and short […]