A Forex trader should wait for the price to turn in the opposite direction after touching one of the bands before considering that a reversal is happening. Even better one should see the price cross over the moving average...
Bollinger Bands Indicator is also used to identify periods when a currency price is overextended. The guidelines below are considered when applying this indicator to a sideways trend. It is very important because it is used to give indications that a break out may be upcoming...
Interest Rate Differential theory claims that exchange rate movements are determined by a nation's interest rate level...
Forex trading is considered as much harder field than science. It includes numbers, ratios and charts that are complicated to understand by most people especially those who do not have any idea what Forex trading is...
Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy...
Price Hovers Near Range Resistance Range Support Sits at 1.4533 Price Above R4 Signals a Breakout For the beginning of Wednesdays trading, the EURCAD remains locked between defined values of support and resistance. Range resistance, as marked above by the R3 camarilla pivot, resides at 1.4566...
Entry Size I have chosen leverage of 1:200. So technically I will need to maintain a usable margin of 0.5% or higher at all time after I open my trades. However my broker requires me to add a small cushion as a safety-net besides 0.5% margin requirement...
Elon Musk's fortune has more than tripled in the past year, clocking in at $2.7 billion for 2013. Stock in Tesla Motors, the electric carmaker he founded, is up 625% in the past year, and stock in SolarCity, the solar panel designer and installer run by his cousin Lyndon Rive, is up 340...
While no indicator is perfect, they can help traders address probabilities in a market Moving Averages can be helpful, but often lack an active signaling mechanism MACD takes trading with moving averages one step further The MACD Line MACD is an acronym that is short for Moving Average Convergenc...
Support: 10481, 10456, 10375 Resistance:10513, 10560, 10606 US Dollar Index broke above yet another layer of resistance after reversing upward as expected having put in a Bullish Engulfing candle pattern. Near-term resistance is at 10513, the 38.2% Fibonacci retracement...
EUR/USD closed at its lowest level in seven months on Friday before recovering modestly off the 6th square root relationship of the 2013 low near 1.343 Our near-term trend bias is lower in the euro while below 1.3545 A daily close below a key Fibonacci confluence in the 1...
A few weeks ago we published the infographic on Freelance service. We also promised to reveal some statistics of the MetaTrader Market. Now, we invite you to examine the data we have gathered. MetaTrader Market was officially released in February 2012...
1. Q2 2014 Advance GDP Price action should start to get interesting by Wednesday when the advance GDP report for the second quarter of 2014 is released. Due at 6:00 pm GMT, the report is anticipated to print at 3.1...
Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter...
Hi I know that there is someone in this community who can assist me please...
Natural gas futures headed for a sixth consecutive weekly decline in New York on forecasts for mild weather that would curtail demand for the power-plant fuel. Gas prices last fell for six straight weeks in 2010...
An increase in volatility can cause price to breakout Camarilla Pivots can be designated for planning order entries Traders can use 1x extension of the trading range for profit targets While price may spend the majority of its time reversing between lines of support and resistance, there will als...
Prices resumed their move upward to set a new record high. Near-term resistance is at 1995.80, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 2010.40. Alternatively, a reversal below the 23.6% Fib at 1977...
“You are a slow learner, Winston.” “How can I help it? How can I help but see what is in front of my eyes? Two and two are four.” “Sometimes, Winston. Sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane...
