Mastering the Currency Market Forex Strategies for High and Low 4 pptx

... 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 NORRIS / AL ... the words “foreign exchange.” Worldwide, the forex market is the most actively traded financial market. The daily volume on the forex market is equa...

Ngày tải lên: 20/06/2014, 20:20

... 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 Bullish Engulfing Candle Mastering ... setups and signals. Mastering the Currency Market 70 Dojis and Change-of-Direction Candles Figure 4- 5 Dojis and Change-of-Direction Candles Trending a...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... side of the chart with a bear trendline and connected the isolated lows on the right side with a bull trend- line. By marking both the previous highs and lows and t...

Ngày tải lên: 20/06/2014, 20:20

... 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 190 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 h...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... markets over the last several years and the currency market s reputa- tion for trending behavior compared with other markets, the norm for these...

Ngày tải lên: 20/06/2014, 20:20

... that the reason 90 to 95 per- cent of retail traders lose their money is that they have no patience. Mastering the Currency Market 244 and trendlines on the 240 -minute chart to monitor and man- age ... change- of-direction candle until the stochastic already had turned down, and the market remained below our stop. For #3 Buy we exited the short and entered a lon...

Ngày tải lên: 20/06/2014, 20:20

... 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 lo...

Ngày tải lên: 20/06/2014, 23:20

... 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 higher low implies that the market ... 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 190 living t...

Ngày tải lên: 20/06/2014, 23:20

... term, the weekly chart for the intermediate term, and the daily chart for the short term.) Here we see the market s stance, with the higher time frame charts encompassing all the activity on the lower ... 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 because it closes...

Ngày tải lên: 20/06/2014, 23:20