Since its birth in the 1980s, derivatives trading has opened up a world of markets for traders who want to profit from the price movements of various derivatives. To succeed in this market, you must have a derivatives trading strategy. But what is a derivative? Derivatives trading strategy is the technique traders use in buying…
Some active traders like to trade daily, opening and closing their trades within the trading day. This manner of trading requires having a daily trading strategy. The daily trading strategy is a method of trading where a trader buys and sells a financial instrument within the same trading day — all positions are closed before…
Traders are always looking for a way to follow the pulse and rhythm of the market and the harmonic patterns do just that. We know that the Crab harmonic pattern is one of the many harmonic patterns named after animals. But what is the trading strategy? As explained by Scott Carney in the year 2000,…
Some price patterns are more frequent in certain markets due to the volatility in such markets. Seen mostly on Bitcoin charts, the claw pattern is one such pattern. But what is the claw pattern trading strategy? The claw pattern is a unique price consolidation pattern that is used to identify long-term trends in the Bitcoin…
As a technical trader, you must have encountered some chart patterns. They are an integral aspect of technical analysis, especially for discretionary traders. But what is a chart pattern trading strategy? A chart pattern strategy is based on recognizable shapes on the price chart created by price movements. They can be identified with the help…
Day traders always look for ways to identify key intraday support and resistance levels. This is where the Camarilla pivot points come in. But what is the Camarilla pivot point trading strategy? Introduced in 1989 by Nick Scott, a successful bond trader, the Camarilla pivot point is an extension of the classical/floor trader pivot point…
August 2021 marked my 20-year anniversary as a full-time investor (day trading 2001-18) and I have learned a few trading lessons (this piece is written by Oddmund Groette). I started trading when I was laid off after the dot com bubble and dumped by my girlfriend. I thought this was a perfect time to follow…
The advent of the internet saw the rise of many online publications, some of which focus on business and finances. One of the early entrants in the online financial education business is Investopedia, but what does it actually offer? Founded in 1999, Investopedia offers online financial education by explaining financial terminologies and trading strategies. It…
Named after H.M. Gartley who was the first to discover harmonic chart patterns, the Gartley pattern is one of the most traded harmonic patterns. But what is the pattern, and how is it used in trading? The Gartley harmonic chart pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses direction….
Although it is not one of the patterns described by H.M. Gartley or Scott Carney, the Cypher pattern is considered one of the harmonic patterns since it has a similar structure — with four swings and five swing points. But what is it? The Cypher pattern is a chart formation that indicates a potential price…
