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Talking Points: A Double Bottom is formed when price tests a previous low and bounces.Buy orders can be placed just above previous low.Limit orders can be set at most recent swing high, stop set 33% of limit distance. With the Forex market showing low levels of volatility, there is a greater likelihood that prior support and resistance levels will hold when price tests those levels again. Because of this, trading a range bound strategy might yield better results, ...
Dollar Matches Longest Run in 15 Years - A Distinct Reversal Risk If indeed, the dollar is riding high on the difficulties of its most liquid counterparts; then its trend is fragile and at significant risk of stalling. For indirect strength, the Euro is a key patron as the ECB has further turned from the slow tightening path the Fed ...
Talking Points CCI is a Classic OscillatorTraders Can use Overbought / Oversold ValuesTime Entries with Camarilla Pivots Levels Timing entries is an important step to consider when developing a trading strategy. This is especially true for scalpers and day traders looking to take advantage of intraday market price swings and reversals. Normally, technical oscillators such as CCI (Commodity Channel Index) can be used in tandem with support and resistance to identify ...
Talking Points: Automation can save timeAutomation can find more trading opportunitiesAutomation can reduce trade errors Automated Trading Can Save Time The greatest benefit of all, is the time saved when running automated strategies. Being free from sitting behind a computer screen all day looking at charts allowed me to live a more balanced life. ...
Talking Points NFP Is a Highly Anticipated News EventExpectations are Set at 230kTraders Will Track the USD Based on Results The release of the monthly Non-Farm Payroll figures is a highly anticipated moment for Forex traders. This is with good cause as the Non-Farm Payrolls, also known as NFP, has been historically known to produce volatility in the market place. As with other news releases on the economic calendar, traders will use this data to determine the ...
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