The forex market, renowned as the world's largest and most liquid financial market, facilitates the daily trading of trillions of dollars. With its round-the-clock operation, forex traders enjoy the flexibility of trading at any hour. However, determining the optimal time to trade forex is a common query, particularly among novice traders. The answer hinges on...
Support and resistance levels are key concepts in technical analysis, which is a method of forecasting the direction of prices through the study of past market data, including price and volume. These levels are considered to be key points at which the price of a security is likely to either find support and be unable to fall further, or encounter resistance and be...
Hi Traders and Investors
This video is a follow up from my previous posting dealing with shifts of momentum.
This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to...
The Importance of Timing
8AM - London Open
This is where impulsive traders get caught in lures.
Traders tend to get pulled in a direction.
9AM-11AM - Reversal Timing
This is the only time of the day we are usually interested in.
Once the initial lures of the London session are out of the way we begin to see reversals for the rest of the day.
