Steve Burns, Author at New Trader U

Mistakes Trying the Perfect Entry In Forex

This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. So you have your methodology, you have studied it, back tested it. You know what scenarios need to be in play for you to make that perfect entry and make pips. &amp;amp;amp;lt;img src=”https://static1.squarespace.com/static/59429a393a04111ae98a4617/t/59696802db29d6afc4a77bec/1500080213699/skulls.jpg” alt=”We Still Have […]

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Let the Winners Run using the Weekly Chart

Trend Following / Steve Burns

This is a GUEST POST by Steve LeMoine and was originally posted at JackRabbitTrader.com and is reposted here with permission. Throughout a trading career there are always going to be a series of obstacles in your path to profitability. Most of them can be overcome with a little practice but one that always gave me

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10 Fast $SPY Chart Facts: 7/16/17

Chart Reading / Steve Burns

The most bullish signal is all time highs. A these levels only profit taking provides resistance as stop losses and trailing stops are not triggered. $SPY remains in an up trend as price remains above all moving averages. The 50 day SMA held as support last week. SPY is under a bullish MACD cross over.

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Trading the Oil and Canadian Dollar Relationship

Commodities, FOREX / Steve Burns

This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Oil tycoons shaped the way business is done. And, they still do. From the famous Rockefeller and his Standard Oil company to the current, modern oil conglomerates – the world’s balance of power changes

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Buy and Hope Is Not a Strategy

Trend Following / Steve Burns

Buy and hold is the mutual fund companies Holy Grail of making money in the stock market not the investor’s. Buy and hold investing is a strategy where every day is a buy signal no matter what; there is not a real exit strategy after you buy, and you take all the risk while your

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Top 10 Things to Look for in a Stock

Stocks / Steve Burns

In the stock market only a few stocks make up the majority of long term stock market gains. You can get a lot of alpha by being in the right names during their up trends. Here are the 10 things to look for to find the stocks that can grow dramatically in price over long

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The Top Ten Monopoly Stocks

Monster Stocks, Stocks / Steve Burns

Only 14 stocks have created 20% percent of all stock market wealth since 1924. These are companies that dominated entire industries: communication, automobiles, software, retail, drinks, oil, and consumer products. They owned their niche if not an entire sector. These are the stocks that grew in size, stayed up to date with technology, had a

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Elliott Waves Theory with Forex

Chart Patterns / Steve Burns

This is a guest post by Andrew Bezen. Elliott Waves theory is considered to be one of the trading theories that perfectly illustrates human behavior. The market is moving based on imbalances between supply and demand levels. Unfortunately, these levels cannot be seen when trading the Forex market. There is a reason for that: the

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How @TradersReality Became Consistent In Forex

Trading Psychology / Steve Burns

This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. Consistency is the one skill that every aspiring trader desires to achieve. It is also the most difficult to master. However, with the correct tools and knowledge, anyone can enter the arena of trading and succeed.

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10 Fast Facts about the $SPY Chart

Chart Reading / Steve Burns

The long term up trend is still in place for $SPY. $SPY has been going sideways inside a trading range since the beginning of June after the break out over $240 resistance. Resistance in this range is all time highs at $245 and support is at $240. A neutral RSI at 51.40 gives $SPY room

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Author name: Steve Burns