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Forex and Futures Training

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Understanding Candlesticks for Day Traders Video

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The basics of understanding candlesticks

The most standard type of charts to trade with are Open High Low Close (OHLC) and Japanese Candlestick charts. There are 5 key aspects to understanding candlesticks compared to OHLC.

  1. They clearly represent the needed information
  2. Less emphasis is put on the wicks or tails of candlestick charts.
  3. OHLC bars are more difficult to read therefore understanding candlesticks are easier in comparison.

4 Key parts to understanding candlesticks

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Simple Forex Strategy No Indicators

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People have been trading since the very beginning this way. You do not need ten indicators for a simple Forex strategy no indicators required. You can easily analyze your charts, or even chart web sites to decipher what is happening in the market with this method.

This method contains a few main points:

  1. Highs in the market are agreement between buyers and sellers
  2. This is the same for the lows: agreement between buyers and sellers
  3. Price action is king in the market.
  4. Find a pattern of higher highs and higher lows
  5. Or find a pattern of lower lows and lower highs
  6. Wait for re tests in the market for entries

Why doesn’t every person teach this simple Forex strategy no indicators required?

Most real traders know of this method, but they can’t make any money off of teaching you how to use highs and lows. They skip teaching you this simple Forex method because they don’t really care about your bottom line. I want to show you this because, as a trader, you need to know all of the tools to be successful. If you can trade with this method, then adding on a few key indicators can massively improve your trading. I believe that you need to know the basic strategies like this before you should start to use indicators used by professionals.

How this strategy works?

The highs and lows method is based off of one key principal. Agreement between buyers and sellers. When the market pushes to a new high, that is significant. The same goes for when the market is pushed to a new low. These points are agreements between buyers and sellers that the market is of a max/min value at this point. At these levels, enough traders came into the market to reverse the trading direction. You can take advantage of these points as significant levels of resistance or support to base your trades.

simple forex strategy no indicators required with highs and lows
The highs in the market are stopping at lower levels. Look for short trades

When to enter a trade?

You wait for the market to approach the levels. There is no room for panic buying/selling when the market is rocketing in one direction. We wait for the market to approach previous levels, and then buy/sell once it bounces off of resistance or support. While this method is incredibly simple, it works extremely well in any market with good volume.

Why only markets with good volume?

Volume is key in this strategy because we need to have as many data points as possible. If you are trading a market that is extremely thin, it can jump through, and around levels of resistance and support. We are counting on traders coming into the market to hold these areas.

How to add to this simple Forex strategy no indicators method?

I focus on giving you ways to trade without indicators, and simply analyzing your charts. Here is a video that can help you by showing you when to expect large spikes in the market.

Breakout Trades and High Volume Trade Spikes Video

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Breakout Trades and High Volume Trade Spikes Video

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Why does the market break out of certain areas on the chart, and how can use these breakout trades? In this video, we analyze how to spot these levels of R&S and how to trade off of them.


High volume trade spikes happen when the market breaks levels of re enforced support and resistance. Active position stop loss levels trigger at this point causing a snowball effect.  When you are trading these levels, be mindful of how quickly the market can move. These levels do act as barriers for the market to break, but when they are broken the market can run quickly. This is because they hold not only people who want to trade that direction in the market, but the people with stop losses in place. This causes a two fold increase in buying/selling.

Why watch out for these Breakout Trades?

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Aspiring Trader: Top 5 Tips To Get Started

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Every trader has been in the exact same spot at one point in their career. Where they are just an aspiring trader who is starting in the markets because they want to become successful traders. You may be just looking into your first trading articles, or you may have already been studying chart patterns and basic trading methods.  Either way, this video for aspiring traders will help you miss some of the common pitfalls, and problems new traders face.

As and aspiring trader you need to have your guard up when entering the market. Without knowing some of the basic pitfalls because you are still learning, you are more open to unnecessary losses. Keep these 5 tips in mind when you start trading.

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Bruce Banks Trader And Trainer