Euro Zone Economic News Explained:
Purchasing Managers Index Manufacturing:
The Purchasing Managers Manufacturing report is a survey of manufacturing providers in the Eurozone (EZ) and focuses in on issues such as costs and demand.
Essentially, a strong PMI, in which costs are low and demand is improving is bullish for the Euro, whereas a survey that results...
Forex trading is an exciting and dynamic market that is influenced by a wide range of news and events. In order to make informed trading decisions, it is important to keep up-to-date with market news and events that can affect forex prices. Here are some key factors that can have an impact on the forex market:
1. Economic Indicators: Economic indicators such as...
From central bank interest rate resolutions, non-farm payrolls, PMI indexes, inflation rates and other data reports, to geopolitical developments, and even natural disasters, these are major news that foreign exchange investors cannot ignore.Because the trend of the currency is always guided by these major economic events and news developments, it is accompanied...
Two important factors that been driving Dollar prices in last several month as we all know is Federal Funds Rate and Inflation data like CPI.
In this week we have both of them coming out on Tuesday and Wednesday, now we want to see how it can affect the market.
Price usually tend to be at important resistive or supportive areas at the time of important news hit...
I have been a trader for a very long time, so listen as I spit some facts.
News is worse than a distraction, it ACTIVELY inhibits you from making good decisions.
You have TradingView at your fingertips and it contains all the information you need, in a package so advanced it's frightening. STICK TO PRICE ACTION! I will say this again at the end.
I am 100%...
NEWS BRING TERRIBLE TRADING CONDITIONS
During release, spread is all over the place, in addition you can easily miss the fill. So actually worst time you can enter a position is on a release itself, hoping price will rise or fall. But usually, price will make massive moves up and down, liquidating hopeful "news traders" before going in either of direction. So...
It's critical for forex traders to pay attention to big economic data releases, government statements, and geopolitical events. Why? Because this information generally represents a country's economic strength and can predict a currency's future direction. Trading the news might be tough and not fit for everyone, but the resulting volatility can provide a plethora...
It is crucial to understand the price action prior to a high impact news event.
Analysing the range to the left beforehand can help you determine what move is likely to come next.
In this example, we saw the price was driven down by the bears to stop out buyers, only to reverse immediately to the upside moments after the news had been released.
By studying and...
All comments and likes are very appreciated.
_________________________________________________________________________________________________________________
Making a good investment and trading choices requires extensive market research and investment education. If you use or are interested in using an online trading service to start playing the market, it is...
USDJPY – Buyers became leaders at the moment
Trend: Strong Buy
Support/Resistance:
R2: 110.295
R1: 109.718
S1: 109.049
S2: 108.803
S3: 107.787
Price action:
In this trade idea, you can see how buyers were pushing price without any swing/denial by sellers. Actually buyers break sellers, before sellers were able to handle position at level 108.803. So buyers has...
Hi traders,
news events are market situations with strong price movements and can give as fast good profits.
But if when you use the wrong way to set your oders and maybe trade in the wron direction then you
can lose a lot of money if you have not a good exit strategy.
This picture show you how you have to trade the news with limit orders.
I wish you a good...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Elements of a Successful Trading Plan 102
2. Risk Level
Managing a risk in trading is essential if a person wishes to make profitable investments. As a
trader, one cannot control the market but he/ she do have the capacity to change what can be
done as circumstances require. They need to adapt the changes as the...
FX:GBPUSD
Description:
GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch)
MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames
Within opening bell wait for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry...
![GBPUSD: [b]Catching the PIP's with my sonar radar Setup[/b]](https://s3.tradingview.com/k/KukpWFFG_mid.png "[b]Catching the PIP's with my sonar radar Setup[/b]")
