Fibonacci retracements are horizontal lines where there is potential support or resistance in a currency pair. These are drawn by the trader themselves, and they are meant to be used to discover where they may be price...
How do you detect fakeouts in trading? Wouldn’t you like to have some way of knowing that what you are viewing in the market could reasonably be defned as a fakeout? That is to say, a breakout...
Introduction to Fibonacci Trading No matter what kind of trader you turn out to be, you need to use Fibonacci trading as a major part of any strategy. People like to combine different indicators and time frames...
This kind of a question is with us in one form or another , for as long as Human Civilization exists. First Plough, first Steam machine, first Electric bulb, first Computer …..million “First” things human invented and...
Combining various indicators to get the best results when trading is obviously in your best interest. You don’t want to rely on a single indicator as this is prone to error when you look only at the...
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...
The Ichimoku Kinko Hyo is an indicator that stands out given its unique name. The name comes from Japanese origins as this indicator was invented by a Japanese investor many decades ago. Ichimoku Kinko Hyo translates to one...
Wouldn’t you prefer to know the strength of a trend no matter which direction that trend was headed in? Knowing how strong a trend is can potentially help you decide how large of a trade you should...
I was asked whether it is possible to arbitrage price differences between two brokers. Let’s start with a definition of arbitrage and then discuss whether it is feasible. Arbitrage is defined as the simultaneous buying and selling of...
J. Welles Wilder developed the tool that he called the Relative Strength Index or RSI. The purpose of his tool is to try to determine the relative strength of the market at any given time. Using this...
The Stochastic Indicator is a favourite among newer traders because it is one of the first tools that they are taught how to use, and because it is so easy to understand. People really appreciate it when...
Another day, another indicator. This time, we want to look at how to use the MACD indicator to see what it is all about and how it might come in handy as you are trading. If you...