GBPUSD: Retail trader data shows 70.5% of traders are net-long with the ratio of traders long to short at 2.39 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.40482; price has moved 9.4% lower since then. The number of traders net-long is 4.5% lower than yesterday and 7.3% lower from last week, while the number of traders net-short is 1.6% lower than yesterday and 9.7% higher from last week. We typically ...
How to detect forex trends Detecting a trend is an important part of predicting direction in a currency pair. Tomorrow’s prices usually follow or continue today’s trend. There will, of course, be reversals and ranging behavior within the trend but it is easier to trade with a known trend than to predict when it changes. The task of the forex trader is to detect variations or waves of sentiment. The trader needs to ask: is there a shape to changes in sentiment and can it be detected? ...
Swami Volatility ---------- SwamiVolty_v2 indicator was created for Premium Trading Forum. This is Swami Volatility indicator with UniEMA used for smoothing of raw data. ---------- You need to subscribe to Premium Trading Forum to read and to download.
Multi-Dimensional Fractal Stochastic ---------- FractalStochasticMD_v3.1 indicator was program for Premium Trading Forum. This indicator gives you the multi-dimensional view for the OverBought/OverSold conditions where the UniEMA is used for the smoothing. ---------- You need to subscribe to Premium Trading Forum to read and to download.[/QUOTE]
Hello traders! In this week’s newsletter, I’d like to show you a couple of techniques to use trend lines to help you determine the strength or weakness of a trend. As you have probably noticed from reading our weekly Lessons from the Pros newsletters, our core strategy includes going long in up trends at high quality demand zones, and going short in downtrends in high quality supply zones. A few significant stumbling blocks that new traders encounter is defining the trend that they are in, if that ...
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