EG & UJ Options Expiries for Tomorrows cut.
Long setup for AUD/USD. Keep in mind this is the daily timeframe. 03:35:48 UTC Fri Jan 3, 2020 ____________________________________________________________________________________________________________________ Forex carries a high level of risk not suitable for all investors.
This was a great example of how using multiple confulces in alignment with a solid risk management plan can make you absolute bank. Confluences for this trade include the 61.8% retracement zone, the approaching of the ascending lower trendline, and the key level that the pair was trading at. Signs of rejections also on the 15min timeframe just during...
Is it true that the Forex Market is manipulated and controlled by a handful of banks and market makers? If so, how can we identify when they manipulate the forex markets and is it something that requires access to sophisticated tools and secret contacts? Well, let’s begin by getting a few facts straight. Firstly it is true that the forex markets are manipulated...
We've seen a very significant phone in the dollar today compared to the euro . China may have to wait until after the 2020 election to handle the trade disputes between not only the United States but also emerging markets. All in all this is not made the dollar week and in terms of the dollar in a relative relation between the yen for example, Dollar going down...
FRED:FEDFUNDS 01:37:23 (UTC) Fri Jan 3, 2020 ______________________________________________________________________________________________________________________ This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may...
Although we primarily trade FX contracts, staying on top of the equity markets around the world can have huge advantages when trying to identify opportunities preparatory to them even showing validity. The CBOE Volatility Index , known by its ticker symbol VIX , is a popular measure of the stock market's expectation of volatility implied by S&P 500 index...
This pattern has four main sequential steps for it to complete itself and signal the reversal: 1. The left shoulder is formed when the currency pair reaches a new high and then retraces slightly to a new low. 2. The formation of the head occurs when the currency pair reaches a higher high then falls back near the low that was formed as part of the left...
Commercial & Investment Banks The greatest volume of currency is traded in the interbank market. This is where banks of all sizes trade currency with each other and through electronic networks. Big banks account for a large percentage of total currency volume trades. Banks facilitate forex transactions for clients and conduct speculative trades from their own...
ark on the higher highs/higher lows (if in uptrend) OR lower highs/lower lows (if in downtrend)-daily/4-hour timeframe: 1. Always think ahead if a new higher high/lower low could be expected. 2. Apply trend-lines onto the chart for assistance and a clearer picture in terms of how the market is trending. 3. Daily and weekly major lines assist in overall direction,...
Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was. Green candles show buy pressure Red candles show sell pressure. The larger the candle, the more variance in price...
A double bottom is simply the opposite of a double top . This pattern normally occurs during a downtrend and is a signal of a reversal of the downtrend toward an uptrend. It’s easily recognizable by its resemblance to the letter “W”. The initial downward move will find a support at the first bottom and then the price action will rally off the support to a...
A solid currency trading strategy consists of entering a trade at the right place, having a stop that is properly calculated, and setting a reasonable profit target level that works time after time after time. Many newer traders set too ambitious profit targets expecting the trade to be "the big one" and hoping it will help offset the losses they have...
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
Looking for the 3-rd push to the descending trendline. For this pair, it's actually surprising that it didn't make it to the trendline and actually decreased as a nice monthly doji has formed from 0.83000 enclosed just under 0.8500. We've been seeing pound strength as expected and as we've called out the last three days .I'm looking at taking this trade long when...
I'm expecting a quiet day tomorrow, but you can see a new higher high is forming I think, and I think a higher low is due where we will execute. We are prime for next week to take the Euro short.