Recent content by PristineTrading

You’ve taken a position in an up-trending stock and it’s been moving up nicely. It’s even broken out of the range that it has been in lately on increased volume, the daily range has increase and the close was near the high of the day. All technical indications are great and point to prices...

Trading naked isn’t about trading in the nude, but could that have some advantages? Maybe in Forex trading, since Forex traders tend to be into more of the esoteric side of trading. All kidding aside, trading naked means removing those things that stop your eyes from seeing the clean beauty of...

In the chart below we will take a look at NZD/USD which, over the past several weeks, has been slowly contracting in volatility. As you can see in the chart above, NZD/USD has been coiling since the start of November by forming lower lows and higher highs. This will lead to an inflection...

Good Morning All; New traders often find themselves very challenged to have the discipline to follow the trading plans that they have created. The truth of it is, few have created any real plans and even fewer have a comprehensive working plan. Those that do, often find it difficult to follow...

Two weeks ago we wrote about the EUR/USD, the trend, and significant levels of both support and resistance. This week we are going to take a look at the daily and just update some of the information. From a longer term perspective, not much has changed so there is no need to look at those...

Ever since the first mathematician plotted some sort of graph that compared price to time, there has been a debate about whether price patterns or the basics of the underlying security are better predictors of price movement. Investors who believe that fundamentals are the primary reason to buy...

The right Stock Scanner can be a great opportunity finder. Pristine ESP is one of the best there is. While it comes preloaded with the scans to find the patterns taught in our courses, you can easily create your own. Two of my favorite scans are the Bullish and Bearish Wide Range Bar (WRB)...

Good Morning All: Last week I continued with part two of a three part series to help beginners, and maybe some ‘veteran’ beginners also. Last week we looked at different time frames and the types of accounts used to encompass those time frames properly. We talked about how education is so over...

he EUR/USD has been moving lower for most of 2014 and that does not appear to be changing any time soon. Let's take a look at the daily, weekly, and monthly charts to really understand how much this pair has dropped and where it is likely to go before we might expect any type of significant...

No open short positions at this time on EUR/USD. The article was written to help traders understand multiple timeframes and some of the concepts that truly matter to the chart. So often traders are taught that they need to use this subjective indicator or that one in order to be successful. If...

Hi, You are correct, the first level marked has been broken. This is what makes it likely that we will see a test of the 1.2000 level. I am not currently short however I continue to look to play each retracement, as long as it fits into my plan, short. As far as the transition; I teach our...

Trading today is more popular than ever. Countless individuals flock each year to the markets, hoping to make a quick buck, many attracted by misleading commercials promising simplicity and easy access to riches. Many of these aspiring traders fail. In as much as we would like to think that each...

AUD/CAD has been in a fairly controlled downtrend throughout the month of September Towards the end of September and the start of October we have seen it go sideways. In the chart below you will see that it broke down and has now quickly reversed back up with a powerful green candle. In the...

When it comes to short-term trading, next to having adequate liquidity to enter and exit positions with little to no slippage is having high volatility. Day-traders that focus on trading stocks can typically find a few stocks that are gapping or moving on news early morning at least. However in...

Over the several months the EUR/USD has been in a strong stage 4 downtrend. Hopefully you have been able to profit from this move lower. Recently things have become more interesting but that may not be blatantly obvious at first glance. Let's first take a look at the daily chart below. As...