Talking Points: EURUSD Technical Strategy: Bearish Elliottwave Count: Either we seen wave c completion or Flat correction on weekly chart...
“Trade what you see” is a phrase traders love to throw around, but the true meaning behind it is mostly unknown. Trading what you see has become a hollow phrase and its true meaning has been forgotten. By the end of this article you will understand why you probably don’t trade what you...
USDJPY shows why we watch the big levels 116.00 has been a big level for months and I've harped on about it enough times for it to become boring. The PA over the last 24 hours shows why I have. A lot of people had pencilled in the 115.50/60 level as the big one but I disagreed. 116...
EURUSD has been in a strong uptrend after breaking out from a base last week. The prices also broke an important down trendline in a furious up movement, on high volume and wide range up bars. It’s now in a critical area that will be characterized by a high volatility...
A strong price move can only exist if there is a strong enough cause forcing price to move – this sounds obvious but you’ll see why it isn’t for most traders. A price rally can only exist if buyers outnumber sellers...
he EUR/USD is looking to push higher this morning after yesterday’s 232-pip advance. The pair has already ascended as much as 170 pips on the day and is current trading above its R3 Camarilla Pivot at 1.1169. Traders looking for the next point of resistance for the EUR/USD will find it at 1.1235...
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EURUSD had a banner session yesterday. After rallying a massive 240 pips from low to high, the pair settled 45 pips above former confluent resistance at 1.1050. This level marks the December 2015 high and is also former trend line resistance that extends off of the prominent August 2015 high...
EUR/USD: Neutral: Only clear break above 1.0995/00 or below 1.0775/80 would indicate start of a directional move. There is not much to add as EUR/USD continues to trade quietly albeit with an improving undertone. EUR/USD extended its recent gains without testing the 1...
Why Not to Trust scalping expert advisors you find online I would like to underline the following consideration about scalping expert advisors...
FOMC shows more dovishness. As expected, no actions were taken during the FOMC meeting, but the message was clear… The FOMC clearly showed more dovishness seeing the recent developments in the financial markets and the US economy...
Successful reversal trading is 90% waiting and 10% execution – which is the exact reason why this trading approach is so challenging and typically leads to account blow ups...
Talking Points: AUDNZD Technical Strategy: Bearish Elliottwave Count: Current move is consolidation and be part of wave y This pair is playing scenario 2 from our previous analysis. Considering this face, we will watching price action. Price can trade higher 1.088 to 1.09 before reversal hinted...
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Talking Points: AUDNZD Technical Strategy: Bearish Elliottwave Count: Current move is consolidation and be part of wave y This pair can play either of below scenario: Scenario 1: In scenario 1, pair need to push one more high towards 1...
More and more traders are making the smart move towards swing trading. Everyday I receive emails from traders interested in a medium, or long term approach with price action trading...
Reasonable replace conventional SMA, LWMA to PowMA gave unexpected results. On the tytle image - the result of EA testing, which replaced the usual MA to PowMA. Moreover, optimization of parameters is carried out !! This screenshot with the first run - just put in my view logical values...