Ascending Wedges - Short CFD Trading Strategy

By Jeff Cartridge

Ascending wedges traditionally have been popular with traders on the short side and are not so often traded when it breaks in the upward direction. The data we have collected suggests this is not the best approach. An ascending wedge is defined by two lines, one on the lower boundary of the price movement which slopes up steeply towards the line on the upper side which also slopes up at a less of an angle.

Ascending Wedges, Marginally Profitable

The ascending wedge breaks up more than it breaks down with downside breaks only occurring in 32% of the patterns. A downside breakout is profitable 42% of the time delivering an average profit of just 0.02% in 8 days, it is barely profitable. As with other patterns it can be improved with the addition of filters.

Refine Your Entries

Surprisingly short breakouts work well in rising markets so the market, as well as the stock, should be rising or consolidating. The best results are achieved trading ascending wedges when the sector is falling or consolidating. So if the trend of the sector turns down, this sets up the best short trades.

Ascending wedges that breakout early in the pattern, produce similar results to those that breakout later, so this is not an important filter to use. Mid range patterns with a length less than 30 days and more than 5 days produce the best results.

If the volume supports the breakout the results are better. Supportive volume means the volume on the way down is higher than the volume on the way up. If the stock closes at the same level as the previous day, prior to the breakout, it will produce inferior results. Look for falling lows or highs, however as this does improve the profitability.

Trading Ascending Wedges Can Be Profitable

You can improve your trading results by using a series of filters that have been outlined here. These filters are harsh, significantly reducing the number of trades to get good results. (1275 trades are reduced to just 74). This select group of ascending wedges delivers an average profit of 1.46% in 10 days and is profitable on 48% of the trades. Overall this makes ascending wedges possible to trade short.

Note: Statistics for this article have been provided by Patterns Trader after analyzing over 60,000 chart patterns on the Australian market from 2000 - 2008. - 23212

About the Author:

Jeff Cartridge is a private trader and created the website LearnCFDs.com Discover Patterns of Success

Forex Fapturbo Review- How to Create Wealth on the Internet

By Mike Chomelli

Everyone would love to become very rich online. Being wealthy is a reality for many each and every day. Many people today are becoming very successful in achieving this. Not only are they making a ton of cash, but they are also making their online business their main source of income.

Now there are a number of methods and systems available for achieving all of this. For the purpose of this article, we will focus on one particular method. This specific method that people are utilizing is called FOREX. What exactly does this stand for?

Forex stands for something called the Foreign Exchange Market. It is one of the largest financial markets in the world today. Its volume includes over $2 trillion per day.

If we compare this to the New York Stock Exchange, this equals over 3 times the total amount of stocks and futures markets combined. Forex is just one of the easiest and most reliable ways of becoming rich today.

What should do next if you would like to get started? You need 2 things - a computer and an internet connection. You should be all set if you are reading this article. Next, you can find out more about this method by checking out Fapturbo below.

What exactly is Fapturbo? It is primarily a Forex Robot, one which can double your income stream every single month. It is the most efficient way of creating wealth through the Foreign Exchange Market.

If online trading is not something that interests you, you can also try out other available programs by taking a look at Online Wealth Programs. On there, you will find what people are currently using each day to generate six figures a year. The site contains a list of the most popular programs. Feel free to check out the site, as there are also a number of free offers.

Upon using just one of these systems, you will be able to generate yet another source of income. - 23212

About the Author:

Looking to overflow your bank account? You can find out more about the Forex Fapturbo Review Here. Also, if trading is not what interests you, take a look at the Best 4 Internet Online Wealth Systems that people are utilizing to make cash day after day. Free offers are included on there as well!!

Are You A Futures Trader? (Part II)

By Ahmad Hassam

Apart from professional traders and speculators, futures trading is done by most of the people like you and me who are interested in making money in the markets. Like stocks, Buy low and sell high, is the basic premise in futures trading as well.

What is different in futures trading from stock trading? The fact that you can trade futures with leverage on either long or the short positions introduces an additional element of risk not present in the stock market.

Another major difference that you need to know between futures trading and stock trading is that there is no uptick rule in futures trading. This means that you can easily enter into a position to capture a downward move in prices with no restriction unlike that in the stock market where you cannot short every stock. Thus, it is as easy to sell short as it is to buy long.

Even when you are not particularly good at it, how do you manage to survive at futures trading? The answer is simple. You should have the money first to open a margin account. Then you should have the ability to develop a trading plan that enables you to keep making money in the market long enough to capitalize your next big move. How do you become good at futures trading? By learning technical analysis!

In nutshell, it means that you wont be able to trade futures if you dont have enough money. And you wont last long in the market if you dont have a good trading plan. The chances are your money will quickly disappear.

You must know this thing that only 5% of the futures traders succeed and 95% of the people trading futures lose money consistently. You need to have at least $25,000 in your account in order to start trading futures. However, $5,000 is the minimum with which you can start trading futures.

Make sure that you understand the risks involved and that you go into trading futures contracts with realistic expectations when you start trading futures. If you are not sure how to handle the risk involved in futures trading, you can take advantage of the managed futures accounts.

In short, you need money, patience, knowledge and technology to be able to trade futures contracts. Trading futures contracts is truly a hybrid that uses both fundamental and technical analysis.

You need to know the futures contract specifications and seasonal tendencies of the markets. The fundamental side of futures trading involves getting to know the industry in which you are making trades. You should also know the important report that you need to keep an eye on.

You should determine your trading style. Are you are scalper? Are you a day trader? Are you a swing trader or are you a position trader? You will need to develop your own trading style whether it is momentum trading, scalping, day trading or swing trading. Your personality will determine your trading style. Now, the technical side of futures trading tells you what the market will do in response to the fundamentals.

Once you know your trading goals, establish a trading plan for getting there. Dont try to conquer every type of analysis at once. Instead, focus on mastering one item at a time"maybe concentrating only on chart patterns such as bull and bear flags, for instance. - 23212

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading futures and currencies. Trade Dow Futures and S&P Futures!

Trading the forex can be an occupation that robs people of their years and enjoyment or it can be the present that gives you the life that only dreams are made of.

By Jason Gorka

Some individuals want to trade the forex in the middle of the night like a thief. If you knowing that automated forex system trading is to be had would make this exercise a crazy thing to do.

The question is -- would any realistic person trade forex when everyone else is snoozing if they don't have a gun to there head? We just weren't made to perform in the middle of the night.

Of course, one reason that folks insist on live trading in the middle of the night is the thrill. There can be an addictive nature to the ecstasy of the trade. Sometimes, what live trader forgets, is that the emotional stimulation is there as you succeed in the trade and when you fail the trade. So your emotions are enjoying it either way. Here's the thing though -- Emotions have no place in trading. Emotions are a harmful component in trading forex or anything else. Many successful traders admit that when emotions are in the trading mixture, the result is terrible. That is why I without doubt love automated forex system trading. You see, once your software is programed according to your limits and comfort level, it's all automatic and emotion is non-existent. This is a leap forward.

Here is the greatest part - your emotions are pleased whenever you desire to look at your account and see the increase. Here's why sunrise is now my favorite time of day. When I wake up, one of the first things that I do day by day is log into my account and see how much cash I made while sleeping.

I can't think of much.

Automated forex system trading makes money all day, 24 hours, but because of the nature of the markets around the world, here in the United States, the middle of the night is one of the most vigorous market times, since this is the time that the European and Asian forex markets are open.

In my opinion, using automated forex system trading is the best home business ever. If "having a life" is important to you, mechanizing your forex trading is probably the best way to make a transformation. It has made my life and my families life startling. For a change from most of the rest of humankind, we own our life. We are not tied down to a JOB, which, as many people know stands for "Just Over Broke."

As an example, this year my spouse and I went to Poland for a month. Lots of friends and relatives were flabbergasted and baffled that we could do something like this, but when you take control of your life anything is viable.

So, now it's your turn. If you want to make you life the life of dreams automated forex system trading may just be the way to do that. You can find out more about what my life is like because my trading successes and how you can do the same by going here right now. To your success!! - 23212

About the Author:

Author: Jason Gorka has traded the Forex and other markets for years. He loves the markets and the life it gives. To read more from him just go to TurboChargedIncome.com. This article can be seen directly at Forex Expert Advisor Reviews

Currency Trading Training Don't Get Left Behind

By Chris Green

In order to survive in the ever changing forex market, currency trading training is essential. With more and more people getting involved into forex everyday, there is a high demand for the right knowledge. If you are new to forex, then you probably have tried to find information that can be useful over the internet. These days good information is hard to find.

When it comes to currency trading training, it is offered by pretty well all the forex companies you can sign up with, for a large price of course. Coming up with thousands of dollars up front for these companies for this training that has no guarantee on its results seams a little silly to me. Is their method a guarantee? How do you know it will even work? Most of the time these companies make you pay all this money up front just to find out that they are going to slowly feed you tips and not really teach you anything. The tips stop coming when you stop paying.

Trying to decide on the best currency trading training can be tricky sometimes and leave us asking our selves: What is there expected up front investment? What is the true potential to their training? What kind of profit potential are we getting out of it? Do they offer any kind of support? Find out the answers to these questions and the secrets to making forex trading a complete success.

There are plenty of currency trading training offers out there, and most are way too pricey. It would be rare to find something under one thousand dollars. It would also be alarming if it were to offer returns in the first forty eight hours after the initial purchase. What if there were training out there at a good price, and it had returns capable out of it within days of putting it into effect. Sounds far fetched doesn't it? Today it is very possible to get these kinds of results, its a matter of knowing where to look.

Most people spend their time researching, trying to find the best currency trading training out there. I have done all the leg work and discovered the best strategy out there. There is no other that has a better bang for buck. This training will enable you to start making profits faster and sooner then any other training out there. Make you're step into the right direction, and get the results you want today! - 23212

About the Author:

If you demand the best Currency Trading Training available, you simply can not miss the opportunities you will learn about in this guide. Others say they are the best, but the proof is in the pudding. Get your guide today.