Mastering the Currency Market Forex Strategies for High and Low 1 docx

... VALUATION 21 PART 3 TECHNICAL ANALYSIS 3. CHARTS FOR TR ADING 51 4. CANDLESTICK CHARTS 63 5. SUPPORT AND RESISTANCE 81 MASTERING the CURRENCY MARKET Forex Strategies for High- and Low- Volatility Markets JAY ... ADING CURRENCIES 1 pair (see Figure 1- 6), the first currency listed is the base currency and always has a value of 1. 0. The second currency...

Ngày tải lên: 20/06/2014, 20:20

... by the body of the engulfing candle and that the engulfing candle closes above the high of the preceding candle. Mastering the Currency Market 74 Bullish Engulfing Pattern Figure 4-7 Hammers and ... close was lower than the low of the preceding candle or candles. Similarly, if the previous candles had developed a pattern of lower lows, lower highs, or lower clos...

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... the next week, both trading and forecasting. In drawing trendlines on candlestick charts, we also have the option of drawing them from the highs and lows of the wicks or from the highs and lows ... draw the trendlines, we generate Mastering the Currency Market 92 Support and Resistance 11 1 holding briefly above the pivot, the market fell off hard and trad...

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... the daily or weekly charts. The trend is up if there is a series of higher highs, higher lows, and higher closes. The trend is down Mastering the Currency Market 19 0 Individual candlestick behavior. ... put in higher low. The higher low is the most important occurrence to date on the chart as it tells us the market is in fact exhibiting reversing behavior. The...

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... analyze and trade markets. (For this example we are using the monthly chart for the long term, the weekly chart for the intermediate term, and the daily chart for the short term.) Here we see the market s ... markets over the last several years and the currency market s reputa- tion for trending behavior compared with other markets, the norm for these...

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... wait patiently for their setups and treat Mastering the Currency Market 246 $1, 000 at 10 0 to 1, there is also a $10 ,000 contract that can be controlled for $10 0 at 10 0 to 1 and a $1, 000 contract ... platform. Mastering the Currency Market 268 using a simple tactic like this is that if the market accelerates, the trader stays in the trade, but if th...

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... is the second largest in the world and that nation’s currency is the primary Asian representative in the forex markets. The central bank of Japan is the force behind the yen and is known for ... worldwide environment, the stronger an individual country’s economy is, the more demand there is for stocks and other investments denominated in that currency, the m...

Ngày tải lên: 20/06/2014, 23:20

... by the body of the engulfing candle and that the engulfing candle closes above the high of the preceding candle. Mastering the Currency Market 74 Bullish Engulfing Pattern Figure 4-7 Hammers and ... would be a candle in which the close was lower than the low of the preceding candle or candles. Similarly, if the previous candles had developed a pattern of lower...

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... ranging markets by concentrating on the 10 0 and -10 0 levels, gives us divergence, and allows us to draw trendlines on the indicator itself. Mastering the Currency Market 18 2 and so was a bit over the ... weekly charts. The trend is up if there is a series of higher highs, higher lows, and higher closes. The trend is down Mastering the Currency Market 19...

Ngày tải lên: 20/06/2014, 23:20

... analyze and trade markets. (For this example we are using the monthly chart for the long term, the weekly chart for the intermediate term, and the daily chart for the short term.) Here we see the market s ... shooting star candle tells us the market is indecisive, and the candle that closes below that low would be a change-of-direction candle by definition b...

Ngày tải lên: 20/06/2014, 23:20