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XAUUSD remains in a choppy range above key a key Gann confluence near 1280 Our broader bias is positive on the metal while over 1280 The 1320 area need to be overc oem on a closing basis to signal that a more important advance is unfolding A move under 1280 will turn us negative on Gold Weekly XA...
Global currencies don't ride the trends in isolation. The apparent technical movement between two currencies in a pair may cause an effect in the behaviour of each separate currency...
Overview The Renko charting method is thought to have acquired its name from "renga" which is the Japanese word for bricks...
Consumer Price Index (CPI) is the change in the price of goods and services purchased by consumers. We will have this high impacted news event on Monday, August 19 so this smallarticle is related about how to use and to trade this CPI...
Most traders have a limited knowledge of trading’s fundamental rules, either from a psychological or a methodological point of view. This can lead to increasing loss probabilities on the markets, as well as deep and constant psychological damage...
Gold has been consolidating in a descending triangle this week after it found resistance at about 1322. Note the bullish bias in the 1H chart. Price was bullish at the end of last week, so the prevailing trend in the 1H chart is bullish before it consolidated this week...
As an old business saying goes, "Fail to plan and you plan to fail." It might not sound serious, but those who are serious about being successful, including traders, should follow these eight words as if they were engraved in stone...
NZD/USD Technical Strategy: Flat Support: 0.8470, 0.8401, 0.8350 Resistance:0.8509, 0.8571, 0.8621 The New Zealand Dollar edged higher against its US counterpart after putting in a bullish Piercing Line candlestick pattern, hinting a double bottom may be forming. Initial resistance is at 0...
My trades taken during the week will be posted in my journal of forex factory http://www.forexfactory.com/showthread.php?p=7678815#post7678815 To follow my trades subscribe at https://www.mql5.com/en/signals/52499...
How to use the currency pairs correlation to predict the direction of the market? When I have a signal with a pair, but I need confirmation to take the position, I refer to the correlated currency pairs or cross currency pairs and look for the confirmation...
The Financial Times reported yesterday that high-frequency traders are leaving investment banks for hedge funds, prop trading houses, and their own startups. Oh, you didn't realize that regular, Too Big to Fail investment banks had high-frequency trading desks? Surprise, surprise, surprise...
The world's top banks have backed the bulk of recommendations from regulators to reform the setting of the leading global currency benchmark following allegations of market rigging, making changes inevitable. The $5...
1. Price Action is not a System One thing that many beginning price action traders get confused about is that price action is not a trading ‘system’...
USDJPY Stays Range Bound R3 Resistance Sits at .9320 Market Breakouts Signaled Over .9335 USDJPY 30min Chart In the event that momentum subsides, the USDJPY may produce an environment conducive for a false breakout...
Every trader needs one. Do you know what it is. Many times it's the difference between success and failure in the market. Watch the fifth episode of the "Traders Whiteboard" series and learn from master trader Adam Hewison on how to incorporate this key element into your own trading...
1. General Information One of the most common technical indicators that is used by day traders in the financial markets can be seen in the Moving Average Convergence Divergence -- more commonly referred to as the MACD...
The 2% money management (MM) rule likely started in stock trading and longer-term investing many years ago. It is based on the idea that you would be in multiple positions at any one time and that you’d only risk 2% of your net equity on any one of those positions...
Litecoin opened up a bearish outlook toward the 2014-low of 2.21 when it broke below a support pivot at 6.66. Since then, price has been “chewing” down the tail from the July 1st spike down...
Recently there has been a lot of talk of Europe’s ‘recovery’. The medicine may have nearly killed the patient, but the hope was that spending cuts and political reforms would eventually turn French, Italians and Greeks into Germans...
