As technical forex traders, we use the price history of a given instrument, and the particular shapes and patterns that occur as our basis for not only taking a trade, but determining our risk and profit areas too. While the …
Happy Monday, traders. Today were going to have a look at the NZDUSD weekly chart. We can see that for close to 2 years price has been ranging in between our areas of support and resistance, or you could say …
For novices and professionals trading the forex market, there are a couple of must-read books. And right near the very top of the list is Jack Schwager’s, The New Market Wizards. The book itself contains so many trading gems from …
If you’re a forex trader you’ll know that MetaTrader 4 is the king of Forex trading platforms. Not only does it allow you to place and manage orders, undertake various technical analysis functions and auto trade, it also allows you …
Thinking in Risk and R-Multiples When thinking about risk, it’s fair to say that it can be defined by the amount of money that you’re willing to lose if you’re wrong about the market. Or, more specifically how much per …
Good afternoon, Traders. A quick post to bring to attention what’s happening in the US indexes, specifically the NASDAQ. At a glance the chart looks to be tightening up and could be getting set for a move. Looking at the …
In the trading world, there are a few reads that are a must, regardless of what instrument you trade. While Jesse Livermore’s Reminisces of a Stock Operator is often the first that comes to mind (and for good reason), the …
Happy Monday, Traders! One of the first things i stumbled into this morning was a potential setup on the USDSGD pair. After a lengthy downtrend we’ve seeing price stall/consolidate for a couple of months now. Consider the daily chart below. …
This is quite a long overdue post but today I want to address one of the biggest and most common trading mistakes newbies and experienced traders alike can make: Trading with too large volume. I’m going to break this down …
The on-balance volume (OBV) and accumulation/distribution indicators found on MT4, and many other platforms are quite similar in the sense that they’re both momentum indicators that aim to predict the flow of ‘smart money’ using volume. This however, is where …
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