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Originally Posted by ForeCastle Talking Points: The Uk100 has failed to break over 6,900Price is still trading above supportA lower low must be made for the trend to turn Stock markets around the world have been making record runs over the past few years. However, with prices taking a pause, many traders are left to wonder if or when their favorite equities indices will turn. While fundamentally this can become a challenge, technical traders can use a series of price action clues to help them identify ...
Please check out the updated BBands_Stop and BBands_Stop Histo indicators for the new MT4.
Identifying the bias of the Forex market at the beginning of each trading week is an important thing for every Forex trader to do. It is really important to simply sit down on Sunday at some point and take 30 minutes or so to figure out in your mind what you think the market has the greatest potential to do during the upcoming week. As you do this you should make some notes; record in your Forex trading journal what you see on the charts and use that information to explain your bias. Now, obviously ...