CHF/JPY: Long Position has been opened on May 6. The pair was low in the ranking list for about 2 weeks until yesterday and is now back in the Top 10 with a rank of 6...
The basic elements of the strategy are as follows: 1. Identify a market that is in a bear trend on the 5 minute chart 2. Wait for a retracement in which the low of latest candle is above the 20 EMA 3. Go short, targeting the low of the day...
2015-05-27 15:00 GMT (or 17:00 MQ MT5 time) | [CAD - Overnight Rate] past data is 0.75% forecast data is 0.75% actual data is 0.75% according to the latest press release if actual > forecast (or previous data) = good for currency (for CAD in our case...
Interview with Al Brooks, price Action day trader and the author of 'Trading Price Action Reversals'
1. Brooks is a price action trader with 27+ years of experience. 2. He is an active day trader, trading off the 5 minute chart. He trades the entire day. 3. He has a purely technical approach, relying totally on price action with just a few moving averages. 4...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, May 27th The U.S. dollar was broadly higher against the basket of major currencies on Tuesday after the release of data on U.S...
D1 price is on breakdown for trying to cross 1185.50 support level for the breakdown to be continuing. The price is reversed from the primary bullish to the primary bearish market condition on close D1 bar...
This is detailed guide to profiting from trend reversals using the technical analysis of price action. The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that...
CHF/JPY: Long Position has been opened on May 6. The pair is having a rank of 61 and is consolidating in the last 2 weeks. The CHF has a currency score of 6 and the JPY a score of 3. The Weekly chart is looking strong but the Daily and 4 Hour chart are showing some consolidation...
Click on my name for further discussion Let's face it nothing new has really been invented in trading in the last 30 years. Computers are faster and more intelligent , but most of the trading strategies and indicators used by them were invented a long time ago...
“The economy is picking up, so why are you punishing us?” That was the message from Spain's conservative party to the two big election shocks on Sunday...
News stats are released regularly, and sometimes they show different stories. What on earth are Fed officials waiting for? Sluggish growth and rising inflation put the Fed into a difficult situation...
H4 price is located on primary bullish market condition for trying to break resistance level for the bullish to be continuing...
H4 price is on primary bearish market condition with secondary ranging between 1.0884 support and 1.1007 resistance levels. Chinkou Span line is located too far for any good possible breakout/breakdown today...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 26th Yesterday, the Australian dollar held steadily against the U.S. dollar after reaching the three-weeks lows over the growing demand for the greenback...
Shares of European banks have risen 28 percent since a January trough, but they’re still trading at a discount to their two-year average, making the industry among the cheapest and the most attractive in the region, says Bloomberg...
Tenkan-sen line is located above Kijun-sen line of Ichimoku indicator with 1.1061 support level on D1 timeframe with a good signal to be crossed it from above to below for possible ranging correction to be continuing...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, May 25th The USD/JPY is trading at 121.56 down 0.02% after the release of Japanese Trade Balance data for April, which was better than expected...
Greek Prime Minister Alexis Tsipras urged the country’s creditors to compromise on demands to break the standoff over the release of funds for its cash-strapped economy as a deadline neared for payments due next month to the International Monetary Fund...
US Dollar - "In the week ahead, there are plenty of indicators and Fed speeches on the docket. Yet, few of them really hit the high-profile level that we would expect to single-handedly benchmark the timing for the first rate hike...
