There are two main steps that a trader can take to increase the chances of their profit target being achieved and both are taken before the trade is ever opened. Be certain to trade only the pairs that are in the strongest trends and be sure that the pairs have the “room to move” to hit the profit target. In Part 1 we will cover determining the “Room to Move”.
The AUD/USD has declined 185 pips over the last two trading days. Its correlation to silver makes it a viable candidate for new breakout entrys.
The AUD/USD has declined 185 pips over the last two trading days. Its correlation to silver makes it a viable candidate for new breakout entrys.
Ichimoku is an exciting trading system that has been in use since before World War II. This article will look at some of the pending setups Ichimoku traders around the world are examining.
Ichimoku is an exciting trading system that has been in use since before World War II. This article will look at some of the pending setups Ichimoku traders around the world are examining.
Silver has moved over 40% lower from its 2011 high. Prices falling off of channel resistance gives traders the opportunity to join the move.
Silver has moved over 40% lower from its 2011 high. Prices falling off of channel resistance gives traders the opportunity to join the move.
Oftentimes traders will greatly expand the scope of their charts to the point that they are viewing only a limited number of candles. While they have a very detailed view of a very few candles, they have lost the larger perspective on how the pair has been moving over time. This article will provide guidelines as to how much time to view relative to some of the more popular charting time frames.
Oftentimes traders will greatly expand the scope of their charts to the point that they are viewing only a limited number of candles. While they have a very detailed view of a very few candles, they have lost the larger perspective on how the pair has been moving over time. This article will provide guidelines as to how much time to view relative to some of the more popular charting time frames.
The EUR/JPY has advanced nearly 100 pips since Wednesday. As price reaches resistance under 110.00 , traders can look for a break of an ascending triangle.