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Talking Points: ADX can pinpoint strong currency trendsRSI can be used to enter with market momentumRisk Management can use previous market highs and lows ADX 50 trend trading strategy. EURUSD 4Hour with ADX ADX and the Trend Finding a strong directional move is the first priority ...
Position Traders can Trade BreakoutsUse Channels for Support & ResistanceUsing a trail can allow a position to lock in profit with the trend Find the Daily Trend The “HI-Low Breakout” approach is designed to find entries with the trend when price breaks from a key point of support or resistance. Since we will be selling in a downtrend and buying in an uptrend, the first task of this strategy is to find the trend. To begin traders will need to identify the primary ...
US Dollar Forecast– US Dollar Rally Dependent on Fed Forecast and Haven Status A tumultuous week for the currency market has found the Dollar closing its fifth consecutive week in the green and well on its way to a record-breaking seventh consecutive month climb. Swiss Franc Forecast – Swiss Franc Opportunities Seen Beyond Breakneck Volatility Swiss Franc trading opportunities are likely to emerge ahead, but not before another wave ...
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 ...
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