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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.
Talking Points: GBP/JPY Technical Strategy: FlatSupport: 172.00 (61.8% Fib exp.), 171.53 (50% Fib exp.)Resistance: 172.21 (trend line), 172.59 (76.4% Fib exp.) The British Pound managed to claw its way back above the 172.00 level against the Japanese Yen on the back of supportive rhetoric from BOE Governor Carney. Prices are testing resistance at 172.21 marked by a falling trend line set from January. A daily close above this barrier initially exposes ...
The Week Ahead: Why Following the Crowd Can Be a Bad Idea The stock market punished more of the stock market bears last week as the Dow Industrials, S&P 500, and Nasdaq 100 reached levels that should have hit any conceivable stop loss orders of those who were short. However, many of the longer-term bears do not use a stop, which in my opinion is the fastest way to wipe out an account. Risk on either the long or short side needs to be managed at all times. This has ...