Hello traders! Hope everyone is having a profitable week. I have published my idea few months ago about how the bulls were returning to euraud. After the simple 3 signs that this pair has gave me, I started trading with the trend and went long! Total Profit: $4878.83 Trading Diary: goo.gl/WOi6yU Please like and comment for more of my educational...
Money makes money . It's an age-old saying, probably because it's generally true. But starting out as a retail trader can be daunting and at times, frustrating. It takes time to build up a sizable account big enough to allow us to take the leap from trading part time, to full time trading. Something that has kept me motivated over the years is an excel...
Hi, This is just a brief description of how I manage my trades. It's important to juggle a few factors in these sort of cases. Firstly, it's best not to mother a trade to much. You need to give it room to breath and keep your stop in a place that isn't going to kick you out to early. If the market is telling you something is potentially wrong, you need to...
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...
What is the Bund? The Bund is the German 10-Year Treasury bill, also known as a government bond. A holder of a bond is a creditor, and the issuer of a bond is called a borrower or debtor. When the price of the Bund increases, the yield received on that bond decreases and vice versa. What is the relationship between Bund and EURUSD? Why is this relationship...