Guide Trading Forex on Five Hours a Week 5 potx

... 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 ... analyzing reasons to hold an opinion in the first place! This is precisely the reason why all trades have to entail a point of validity-based stop loss. Without a concrete reason and...

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

... 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 setting-up to trade, which means that these market ... examination if there is no actionable idea that you can eventually put to use. Far too much of the technical and fundamental analyses I see on a regular basis loses sight of the fact that...

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, follo...

Ngày tải lên: 22/06/2014, 17:20

... weak trades if you don’t understand the importance of triage and analyzing all the potential opportunities available before entering a trade. TRADING TRUTHS Over the years that I have been trading, ... Chart Pattern Identification Automated by Autochartist Software Images © Autochartist. P1: OTA c11 JWBT1 85- Horner October 24, 2009 19:41 Printer: Yet to come 152 FOREX ON FIVE HOU...

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 t...

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

... discover dead Italian mathematicians (Fibonacci), and probably start making a series of the worst trades ever made. Then and only then will you really start to learn. Sadly and typically, the pain must ... 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 acti...

Ngày tải lên: 20/06/2014, 20:20