8 Forex Trading Tips for a Lower Volatility Market It seems that it was not that long ago the the forex market was characterized by higher volatility, with average daily ranges exceeding 1% of the spot price....
The 2 Types of Hidden Divergence in Trading It seems pretty reasonable to think about regular divergences as something to look out for in the Forex market, but what is the deal with hidden divergences? Trend...
Regular divergence is used by traders to identify signs of a possible trend reversal. You will note that you can have either a bullish or bearish divergence, and you should be adept at spotting either one. Â Bullish...
Elliot Waves are fractals. This means that each wave is made up of self-similar sub-waves that also have some relevance in the market. In other words, the same 1-2-3-4-5-a-b-c pattern that makes up the basic Elliott Wave...
It is a good idea to periodically review and evaluate one’s trading skills. One often hears the old saw that “even a broken clock shows the correct time twice a day”. This is a reference to a...
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...
Newsquawk.com Week Ahead 13th-17th May:SAT: Chinese Inflation (Apr) MON: Eurogroup Meeting, New Zealand Inflation Forecasts (Q2) TUE: OPEC MOMR, German Final CPI (Apr), UK Jobs Report (Apr/Mar), German ZEW Survey (May), US PPI (Apr) WED: PBoC MLF,...
As I watch the forex market continually get jerked around, including news algos, which react to headline keywords rather than the substance of a story, I wonder whether artificial intelligence can ever replace human traders. I call...
Is Scalping Right for You? Scalping is a trading style that focuses on taking small profits in the shortest period. Scalpers can place up to a few hundred trades in a single day, seeking small profits of...
A trading plan is a critical component of success for any forex trader. Without a trading plan, it is very easy to make rash decisions based on emotion, rather than logic and reason. A trading plan provides...
Truly professional traders know that it is their responsibility to trade with the best and most useful tools possible in order to achieve the best results. This may sound simplistic, but there are far too many amateur...