Forex Trading Strategies
A good winning trader is defined by the portfolio of forex strategies known and applied in different situations, considering that a single system is not enough to supply the right number of successful trades if you apply it all the time.1 Knowing how to apply and adapt to all the market conditions is a key factor and this requires a lot of study and strong economics understatement, so is not just about the strategy you use, it's a lot about education also.
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News Trading Strategy On EURUSD – ECB
By ALIN RAUTA
An interesting fact is that one of the most intense trading sessions for EURUSD in terms of market volatility occurs on the day the European Central Bank has its official Press Conference. 100 pips movements are very usual on these occasions, so it will be very important to know how to make the most of it and take advantage of that huge volatility. This is why I am going to take it from scratch and explain how to approach the ECB Press Conference and how to adapt your trading strategies
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Candlesticks In Day To Day Trading
By RAZVAN MIHAI
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The candlestick chart is one of the most used charts in trading nowadays. It is thought to have been developed in the 18th century by a Japanese rice trader Munhisa Homma. He discovered that by drawing the price movements as a “candlestick” he will have more information that can be used in trading. In time analysts and statisticians have discovered patterns which indicates with a certain probability a continuation or a reversal in the price action of a certain instrument.
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Candlestick Patterns In Technical Analysis
By RAZVAN MIHAI
In what concerns the candlestick chart we have established the basics in our previous article Candlesticks in Day to Day Trading. This type of chart offers information regarding the price action in a limited time frame like the opening price, the closing price but also the highs and lows. The body and shadows of a candle can be very important because their interpretation is different from case to case.
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It is important to know that a candlestick pattern can be formed from a single candle or more than one candle. There are usually two types of candlestick patterns: continuation (they usually need gaps and are pretty rare on the forex instruments) and reversal (which we will discuss later on). A candlestick pattern has more power and can be more reliable on a bigger time frame resembling very much with price patterns. On higher time frames they will appear less than on lower time frames, meaning that on lower time frames they could also give lots of false signals.
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Trading Candlestick Patterns At Key Levels
By RAZVAN MIHAI
In our past articles Candlesticks In Day To Day Trading and Candlestick Patterns In Technical Analysis we have introduced you in the world of the candlestick chart. You found out how to read this kind of chart, you learnt what the most important patterns are and which to trust more, thanks to the psychology from behind.
In this article I will show you where to look for the candlestick patterns which have higher probability to signal a good trade. It is very important to know that such a pattern gives a stronger signal if it is formed on a higher time frame and if it appears after a clear up/down move. Other important factors that raise the probability are the technical elements like support/resistance, Fibonacci, Oscillators, Moving Averages and other type of instruments. I will tell you more now how to trade candlestick patterns at key level support and resistances.