Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that...
Carry Trade is the one of the most stylish trading system.Example on 1 years : UK interest rates = 0,74 Turkey interest rates = 23 If i lend money with GBP and if i invest in Turkey 2Y bonds my real income is : 23 - 0,74 = 22,26 (%) (yearly) Because of i invested with hot money , Turkish lira will get high and i can buy more Pounds if i want to get...
When you see a morning star pattern (you can use candle software to find such), usually it marks the start of Elliott wave 1 to 5 sequence, you enter at the end of the first correction wave (retrace into the body of morning star pattern). When wave 2 is completed, we plot Fibonacci retracements from the tail of Morning star and you will see how perfectly price...
BoE Vote split comes in at 6 - 3 BoE keeps rates and asset purchases unchanged at 0.50% and 435bln respectively. - Vote was 6-3 in favour of unchanged Bank Rate, unanimous for QE at 435B/APF at 10B - Haldane, McCafferty and Saunders dissented, voting instead for a June hike - Majority on MPC still reassured Q1 softness was largely temporary, but preferred to...
Cause and effect. That's all that you really need to know. Always ask yourself, 'which area started the move that caused a long term key level to break?' What is this important? Because it shows a clear supply and demand imbalance at that price. It shows that there is interest at this specific zone, at which, there is likely to be unfilled pending orders, as...
Possible H&S ? Can we see a fall down to 1.68919 support line ? Please tell me if this even counts as H&S, I will be very grateful. Any objections/suggestions are welcome.
I hope it helps those like me who have trouble finding the balance in analyzing these ratios. This ratios are mostly suggested from tradeempowered professionals. (at least supposed)