In EURGBP there was a short opportunity at the start of the week, as the support was broken. In this setup, one of the important things to watch for are weak signals before the break, which there were on the last market top...
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As easy as it can be to earn lots of money by trading currencies using the foreign exchange market, you could also lose everything if you're not careful. Fear not, however; this article contains tips designed to educate you on how to make the most of your forex experience...
Basically triangular pattern or triangle consists of three types of symmetrical triangle pattern (symmetrical triangle), triangular pattern uphill (ascending triangle) and a triangular pattern decreases (descending triangle). -pola Patterns are often encountered in practice...
Have a look at Simple Moving 200 as it would be a pull back point and it acts as resistant. The target of Bump and Run reversal pattern is about the height of rectangle and it would be 1127...
Testing on a real tick story - EURUSD,M1 (24.04.2015-24.06.2015) Broker #1: OctaFX (true ECN execution without requotes) 1. Testing with standard parameters: 2. Testing with optimized parameters...
Looks so much like the high ZZ in H4 is the only thing to happen and the price is supposed to go down. Every time frame has yellow locked below black MA. Price going below yesterday's low will be a signal to consider closing the BUY trade that i have entered...
When it comes to trading on modern markets everyone should think not only about current work instrument but about many related instruments which form a complex unified environment for price movements...
Expected the price to come to 1086 level and reverse up, but if it continues to go down below last month's low, then the analysis is wrong. But still believe that the prices are going up to 1168. Will keep posted about the changes...
This post is to clarify that my current broker only shows up to three months full history in MT4 which in the chart performance only shows at maximum three months history data because the site does not keep trading data so my statistics log here gets RESTARTED every three months...
Classic case of filtering out false alarms. In H1, the yellow is locked below black signalling a SELL and in H4, yellow is still locked above black signalling a BUY. Would prioritize H4, and will close if yellow locks below black in H4. Expect the prices to reverse up in H1...
The amount of money paid out to informants by the HMRC is set to reach a record high of £605,000, more than twice the amount paid out last year, as it attempts to increase efforts to crack down on tax evaders...
If you see my old posts, you'll realize that i have been expecting the gold price to go up at least to 1154. The strategy is to BUY from a LOW and i believe that the previous month's low will be broken only after a high ZZ is formed...
Here is exactly why I do not trade at the end of the month. End of month trades are dangerous as there is usually a sell-off to close open positions, however the sell-off can be either the primary or the secondary currency, yesterday it was the USD being sold off which strengthened the EURUSD...
For the past one week, i have posted about prices going to 1154... Trouble with retracements is that they are swift and spikey... By the time we get a confirmed BUY or SELL set up, we are nowhere near the HIGH or SELL respectively...
I'm now over a month into using Signals on live accounts. I picked 8 signals and monitored their progress against each other and also to measure how effective the signal copying was compared to the published growth figures. I use a London based ECN broker and VPS...
As you may know I offer a bunch of indicators that provide you with surrogate values of real volumes on Forex market. For example, TrueVolumeSurrogate, OnBalanceVolumeSurrogate, EvoLevels. Lately the indicator OnBalanceVolumeSurrogate has been updated to version 1.2...
