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The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments...
Corrective Waves Markets move against the trend of one greater degree only with a seeming struggle. Resistance from the larger trend appears to prevent a correction from developing a full motive structure...
The Head and Shoulders Chart Pattern is the easiest to recognize patterns. It’s classically known as a Reversal Top Pattern, though the less common “Inverted” Head and Shoulders Pattern is known as a Bottom Reversal Pattern...
Estimated pivot point is at the level of 1.0787. Our opinion: Buy the pair above the level of 1.0787 with the target of 1.0990 – 1.10. Alternative scenario: Breakout of the level of 1.0787 will allow the pair to decline up to the levels of 1.07 - 1.0616...
Estimated pivot point is at the level of 101.00. Our opinion: Buy the pair from correction above the level of 101.00 with the target of 104.10. Alternative scenario: Breakout of the level of 101.00 will allow the price to continue the decline to the level of 99.50...
Estimated pivot point is at the level of 0.9003. Our opinion: Buy the pair from the correction above the level of 0.9003 with the target of 0.9130 – 0.92. Alternative scenario: Breakout of the level of 0.9003 will enable the pair to continue the decline to the levels of 0.8950 – 0.89...
Estimated pivot point is at the level of 1.6925. Our opinion: Sell the pair from correction below the level of 1.6925 with the targets of 1.6830 – 1.6720. Alternative scenario: Breakout and consolidation above the level of 1.6925 will enable the price to continue the rise up to 1...
Estimated pivot point is at the level of 1.3414. Our opinion: Sell the pair from correction below the level of 1.3414 with the target of 1.3290. Alternative scenario: Breakout of the level of 1.3414 will allow the price to continue the rise up to the levels of 1.3450 – 1.35...
Seven habits of a successful trader. Responsibility to take your own risk: For the success full trader take every risk every decision on his own responsibility to all time. you will never meet a successful trader who is looking to blame someone...
The Double Top and Double Bottom patterns are quite common and easily recognizable chart patterns which occur on all timeframes and in all markets. Let’s take a closer look at this classic reversal pattern...
USDJPY has been heavily consolidating on the high end of 101.20 zone. You say wedge I say consolidation, but that doesn't matter. The last two weeks as it looks like shows a massive buying pressure...
The Fibonacci equal wave pattern provides us at least a 1-to-2 risk-to-reward ratio trading opportunity. Below, we provide two examples of how you can incorporate the equal wave pattern into your current forex strategy and technical analysis...
The Bank of America has hired Sascha Szyfman as the Area Vice President in its Global Technology and Operations division. Previously, Szyfman worked for three years at FXDD, based in New York...
After working at J.P. Morgan for five years, Loganchuk founded Upgrade Capital to provide opportunities to students who have no way of proving their financial capabilities when applying for jobs...
Last week inflation fell deeper in EUR-zone, to 0.4%, and cast a dark cloud on quite satisfactory employment and consumption data. The pound continued falling on more weak data in what looks like a u-turn rather than a correction...
Argentina refuses to be "extorted" and defaults on $539m. Unemployment is declining and GDP is growing by 3%. On Wednesday, Argentina defaulted failed to pay a $539 million interest payment...
Bollinger Bands indicator is used to identify and analyze trending markets. In a trending market this indicator clearly shows up or down direction. This indicator can be used to determine the direction of the forex trend...
MACD Classic divergence is used as a possible sign for a trend reversal. Classic divergence is used when looking for an area where price could reverse and start going in the opposite direction...
Since the MACD uses 26 and 12 EMA to plot, we shall compare these two EMAs with the MACD indicator to determine how these signals are generated...