In trading, there are periods when trends change whether that be in the type of technical analysis used or the instruments traded. In the early 2000’s there were Covered Warrants, then a few futures contracts slowly made their way into the picture…then options.… [read more]
Unger Academy (formerly Skilled Academy) began at the beginning of November 2015 with a webinar that showed, step-by-step, the development of a trading strategy. The chosen market was the Dax Futures Contract and the goal of the strategy was to get on board a potential intra-day trend starting within the first couple of hours in the morning, specifically during the second hour of trading, entering with a breakout of levels which had been found based on the range of the first hour.… [read more]
We are traders, we look for trends, no matter how long, long enough to ride them and take some money out of the markets, it looks easy… well it isn’t.
Reading Technical Analysis books and papers we often find strong trend indicators in defined moves and clear extensions, so we may get confused and consider those are the chart patterns we have to look for to enter the market.… [read more]