By Richard K Introduction to Risk Management Strategy Many beginner traders focus almost entirely on the how to enter a trade and how much money they can make if things go their way, giving very little thought on how to actually manage their open position and limit their risk properly. Proper position and risk management […]

Elliot Wave Theory

By Richard K. Introduction: Trading Using Elliott Wave Theory The Elliott wave principle was developed by Ralph Nelson Elliott and is used as a form of technical analysis that practitioners use to determine financial market cycles and trend forecasting. His theory proposed that market prices unfold in repeatable patterns or “waves”, as most traders familiar […]

By Richard Krugel Updated February 20th, 2020 Introduction: How to Draw Trend Lines Correctly One of the simplest technical drawing tools is the trend line and traders use them as a visual marker that can indicate a trends direction or serve as a warning sign that a trend is about to change direction. Formulating a […]

By Richard Krugel Updated June 6th, 2019 Introduction to Pitchfork Trading Within most trading platforms lies a very powerful yet often overlooked drawing tool called the Andrew’s Pitchfork. Traders these days mostly rely on the use of indicators as a means of technical analysis, so much so that they never give any second thought to […]

By Richard K. Introduction to Trading Patterns Technical Analysis Many people think that price action on a chart is completely random but anyone who has been trading long enough would tell you that there are a wide range of trading patterns that repeat themselves in any market and on any time frame. The trading patterns […]