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Talking Points Risk management should be considered prior to entering into a tradeNever risk more that 1% of your balance on any single trade ideaStop trading if losses amount to more than 5% in one trading day The final lesson scalpers must learn is probably the most important, risk management. The decision on how to manage risk can have a great impact on the bottom line of your account than deciding where your entry orders should go or even what time frame to ...
US Dollar Forecast– US Dollar Run As Robust - or Fragile - as S&P 500? The Dollar has advanced for four successive weeks and is working on a record-breaking seventh consecutive month of gains. British Pound Forecast – GBP/USD Vulnerable to Slowing U.K. Inflation - BoE Testimony in Focus GBP/USD may struggle to hold above the 1.5000 handle in the week ahead should the fundamental developments coming out of the U.K. economy curb the Bank of England’s (BoE) scope to normalize ...
Talking Points -Equal Waves pattern is a simple three wave pattern -Compare the alternating waves of the pattern to determine if they are equal in length -Equal Waves patterns can provide clues about the larger Elliott Wave structure Many traders ask how to begin labeling their chart using Elliott Wave Theory. Try starting with the Equal Waves pattern. The video above describes what the pattern is, how to measure ...
Every trader should have a variety of strategies available to apply to the markets. Having multiple strategies may seem like a complication at first, but having choices can allow traders to react quickly and be able to trade a variety of market conditions. Today we will start a new strategy series by reviewing how to trade inside bars. Let’s get started! What is an Inside bar? Inside bars are easily identified pricing patterns that can be found on virtually any ...
US Dollar Forecast – US Dollar Targets Fresh Highs versus Euro, but What Could Change? The US Dollar finished at fresh multi-year highs versus the Euro and near key peaks versus other currencies, boosted by a sharp improvement in US interest rate expectations on a highly-anticipated Fed interest rate decision. Japanese Yen Forecast – Japanese Yen May Resume Recovery on Year-End Capital Flows The outcome of Japan’s snap election ...
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