Interest Rates and Why they Matter to Forex Traders The forex market is largely controlled by interest rates. In fact, the interest rate is generally the single most important factor when it comes to determining the value...
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Category: Pro
A 5-wave trend can be reversed by a 3-wave countertrend that is full of corrective wave patterns in Elliott Wave Theory. The Elliott Wave Theory is generally applied to bull markets, but it may prove useful...
Introduction to Elliott Wave Theory Elliott Wave Theory was developed by Ralph Nelson Elliott — a professional accountant who went to work trying to figure out the stock market back in his time (1920s-1930s). He reviewed approximately...
If you’re a trader, then you need to know about drawdown and maximum drawdown. These concepts are essential for risk management and ensuring that your trading account remains healthy. In this post, we’ll explain what drawdown and...
From the dawn of the Civilization humans tried to predict the future events . That tendency produced not much till this day, aside of gazillion of Soothsayers , Witches, Sorceress , Wizards and a decent number of...
How to Find the Commitment of Traders (COT) Report So you want to know how to fnd the commitment of traders (COT) report. Getting your hands on the COT report is a great way for you to...
What does the market feel on a given day? Well, the market is not an actual being in and of itself, but it is made up of a collection of traders who are all working to try...
Let’s start with the assumption that the MoF/BoJ have reached their point of pain. I am not saying this is the case but it pays to be on intervention alert. After looking at this chart from Friday...
After weeks of so many speculations and questions : “ Is BoJ going to intervene and where “ we got a simple answer – NO Even if Boj did some undercover work and used lots of senseless...
Yesterday we have seen a strong move Up , driven by the data . Resistance at 1.06700 was taken out ( now acts as a support ) , and we have closed the day Above the sharp...
If I told you that there was a large order in the market to buy EUR and sell GBP would you be looking to sell EURUSD and buy GBPUSD, do the opposite or step aside as the order...
Previous 8 days were all but positive for EURUSD, and the data came out quite disappointing for majority of players. After kind of frenzy in expectations that Interest Rates will be Cut soon, first came the cold...
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