Talking Points: The triangle formation can show in three varieties; we outline each below.Triangles signal congestion or consolidation as the range of price movement decreases.Traders can look to trade breakouts by treating triangles like other congestion patterns. The Triangle Trending markets will often put in a series of ‘higher-highs’ and ‘higher-lows’ (during up-trends), or ‘lower-lows,’ and ‘lower-highs,’ during down-trends. But what about ...
Talking Points Breakout traders should first find support & resistanceEntries can be set as close as 1 pip above these valuesSupport and resistance can also be used for managing a position Scalpers have a variety of choices when it comes to an execution strategy. This decision should be decided after carefully evaluating current market conditions for the currency pair of their choosing. Today we will continue the Definitive Guide to Scalping ...
Talking Points: -The Psychology of Gaps -When the Gap Doesn’t Fill -Using the Gap for Future Reference "There are no facts - only interpretation" – Nietzsche In the Forex market, gaps are rare. A gap shows on a chart when an open prints below the prior close. This often happens to a major shift in the market’s understanding of value from the close of the prior session to the start of the current session. The Psychology of Gaps ...
Talking Points: Reversal setups can be dangerous due to the fact that the trader is expecting a change in momentum.Risk management is a necessity in reversals, as one ‘bad’ trade can wipe away the gain(s) from numerous others.We look at the Morning Star and Evening Star formation for trading reversals in this article. The evening star and morning star formations can be some of the most powerful reversal setups available to traders. In our last article, we looked at ...
Dollar’s Longest Run in Half a Century Hinges on Fed Decision Dollar momentum looks self-sustaining, and few things seem as if they could curb this move much less reverse it decisively. But, it just so happens that one of the most capable fundamentals cues is dead ahead. Euro Faces Volatility as External Factors Compound Onset of TLTRO The operative question for the Euro going forward is whether this precedes a period of consolidation before a reinvigorated push ...
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