Guide Trading Forex on Five Hours a Week 3 ppt

... way, use 2 A. M. Eastern Standard Time which is 7 A. M. in London for the open and noon EST, 5 P.M. London, for the close.) The Fibonacci retracement option is a good alternative if you are confident ... Moving Average (signal line) calculation (again check your platform, for example, on eSig- nal this setting is an option and you simply check the box; alternatively on Metatrader 4 it’...

Ngày tải lên: 22/06/2014, 17:20

... but rather the fact that Asia only moves dramatically on news days. That is both a risk and reward consideration. Now let’s stay with a pair that is influenced by Asia, the largest cross- rate, ... (Bank of England), BOJ (Bank of Japan) these are all factors that will affect the way the pairs trade. If you want a great international calendar, you can check out one of my favorites at ww...

Ngày tải lên: 22/06/2014, 17:20

... overlays there too. I also want to re- mind you that these are secondary correlation charts. What I mean by that is that the primary chart should always be a chart of the market you are actually ... take long to discover that there were correlations that affected the forex pairs. I already knew that markets like gold and crude had an effect on the dollar, and since the dollar was half o...

Ngày tải lên: 22/06/2014, 17:20

... with as unpredictable an event as news releases and this means Non-Farm Payroll, FOMC decisions, and really any and all numbers that are typically released between 8 :30 A. M. and 10:00 EST. Here are ... would all love to risk 10 pips and make 100. That is both na ¨ ıve and unrepeatable. Traders who are great gamblers would say that is playing the odds, and once you are on a streak, foll...

Ngày tải lên: 22/06/2014, 17:20

... 12/02/2009 1 03. 33 102 .33 101 .33 100 .33 99 .33 98 .33 97 .33 96 .33 95 .33 94 .33 93. 33 92 .33 91 .33 90 .33 89 .33 88 .33 87 .33 FIGURE 11.11 An Autochartist Symmetrial Triangle on the Daily USD/JPY Images © Autochartist. RISK ... weak trades if you don’t understand the importance of triage and analyzing all the potential opportunities available before entering a t...

Ngày tải lên: 22/06/2014, 17:20

... come 170 FOREX ON FIVE HOURS A WEEK FIGURE 13. 5 USD/CAD Daily Images © Autochartist. Upon breakout the “complete patterns” section of Autochartist will plot a shaded area on the chart indicating what ... price action. They were taking advantage of a particular event (late bid/ask updates), and soon as the mar- ket makers wised up, the game was over. It was a gimmick in th...

Ngày tải lên: 22/06/2014, 17:20

... their advantage; after all, that is what you are tracking, analyzing, and watching on a price chart. This is external psychology. Never forget that you are trading reactions, fear, greed, and uncertainty. ... and uncertainty. This alone will take you past the charts and make trading a much more natural activity. And that’s when you will find that trading is just a natural extensi...

Ngày tải lên: 20/06/2014, 20:20

... range is narrow as the market creeps along sideways. What’s narrow? Remember, narrow is relative to the market’s current range and typical personality. Each pair has a unique price action behavior ... they fail to un- derstand that no market is an island. There’s no such thing as a market that trades inside a bubble. Markets move one another and are connected across so many fronts: for...

Ngày tải lên: 20/06/2014, 20:20