Forex Trading Tip: How to Use Retracements to Your Advantage Retracements are a necessary evil. They are a market’s mechanism to shake out weak longs or shorts when positions get too over extended on one side...
What do you think about social media trading? Social trading is the process through which online financial investors rely on user generated financial content gathered from various web applications as the major information source for making...
Forex Wisdom Forex Tips for every Trader Any market, be it real estate market or forex market, is all about transferring money from the masses to a few lucky ones in the long run. In most real...
Weekly FX Chart Outlook Oct 28-Nov 1 While there is a full calendar of events this week to suggest volatility and opportunities to trade, the key focus is looking ahead to the Nov 6=5 US elections....
Why You Should Treat Forex Trading as Being in Episodes Not Trends Most technical traders refer to momentum moves as trends. I prefer to look at the price moves as trading in episodes. Like a streaming...
The US Dollar Index is a Joke I don’t know why it is called the USD index but the name is a joke. It is only composed of 6 currencies (see below) and the EUR makes...
Forex Trading: You Can Teach an Old Dog New Tricks One thing that has not changed over the years is that the forex market continues to be driven by news. I remember when I first started out,...
Is There a Hidden Hand Defending USDJPY 140? The USDJPY bounce from a new low had me thinking perhaps there is a hidden hand protecting the major 140.21 low and pivotal 140 level. What I mean by...
Forex Trading Glossary – P Par The principal amount of an investment instrument (e.g. 100) or where price equals the original value. Parabolic Stop Wells Wilder introduced the Parabolic Indicator, whose shape resembles the curve...
Weekly Charts Analysis USDJPY DAILY CHART – Time to take a breather? USDJPY pattern is 5 down weeks in a row. To break this pattern, 147.90 would need to be broken. Otherwise, there could be an inside week....
The Market Isn’t Your Enemy One of my favorite articles I wrote as a warning to all traders is entitled, The Market Isn’t Your Enemy and it is worth repeating in the current market. I posted this (see...