Hello traders! This week I would like to take a look at the possibility that you missed a terrific entry on a trade, but you are still confident in the eventual destination. How far are you willing to "chase" the trade?
Hello traders! In every Forex class I teach at Online Trading Academy, we discuss certain "odds enhancers" that can help us in our trading. These odds enhancers on a chart include trendline or moving average intersections with supply and demand levels, divergences from price with indicators/oscillators, candlestick patterns, etc., etc.
I have been in the trading business for over 15 years as a trader, fund manager and trainer beginning on the floor of the Chicago Mercantile Exchange. While I feel like I have seen it all, the one thing that still surprises me is how most traders handle breakouts.
So you've analyzed the charts and have decided that your currency pair is trading at the right location for a possible reversal - a clear level of supply or demand. The questions in the back of most traders' minds are, "Will this level hold?
This article introduces the Ichimoku Kinko Hyo, an award winning Japanese technical indicator which can be used to trade currencies, commodities, futures, and stocks.
The Average True Range (ATR) is an indicator that was developed by J. Welles Wilder, Jr. who introduced it along with a few other indicators (Parabolic SAR, RSI and the Directional Movement Concept) in his book, “New Concepts in Technical Trading Systems” in 1978.
In late 1980s John J. Murphy published his book titled “Technical Analysis of the Futures Markets”, a comprehensive and detailed guide to the concepts of Technical Analysis and their applications to the futures market.
Moving Averages may be the most popular technical indicator because they are easy to understand. After all, a 10-day Simple Moving Average is calculated by just taking the closing prices of the last 10 days, adding them together and dividing by 10.
One of the best technical tools we can use in our analysis is the status other currency pairs. If you are of the opinion that because of fundamental reasons the US Dollar will weaken, your next step would be to find the currency pair that gives you the best chance for a profitable trade.
The FX-market will develop distinctive trends from time to time, as a result of the underlying fundamental factors which make up each currency within the pair traded. Often times these trends occur as one currency offers a significant higher interest rate, which continues to draw investment capital out of another
Sign up to our forex newsletter delivered by email. No spam. More information.