Trading The Stock Market Live ‘ The Resources You will Require.
If your father used to be a trader, chances are his existence was hugely various from the existence of a modern trader. In the old days you’d study the newspaper every day and then phone a broker if you desired to open a trade or [...]
Today we are going to learn about the RSI indicator in Forex Trading.
www.informedtrades.com The first lesson in our new free video forex trading course which introduces the main aspects that differentiate the forex market from the equities and the futures markets.
www.forexcoachingpros.com http Stephen Story (Trader, Coach, Author) describes the Fibonacci number series, and how it can be used by Forex traders in your Forex Trading System. To become a forex strategist, and utilize the forex strategies that the best traders use, you need to understand…
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FOREX Trading Review Video 18 DEC 09 EUR/USD (+ 122 pips)
GBP/USD long trade based on a close above previous resistance. Entry made by candle pattern. Reasons for trade: – Strong Bullish engulfing candle close on the 4H, which closed aggressively above previous resistance. – Price found support off the 8 & 21EMA’s. – Strong momentum shown on the 1H charts which should carry a high probability trade. – Price action found support off the 50% fib level & old resistance level from daily chart. – Good angle and separation of the EMA’s confirming upward …
EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above the 1.4117 level together with candles showing a lack of upward momentum. – Price has now placed in a lower high on the 4H something which it has not done in some time. – 8EMA failed to …
blog.sphinxforex.com don’t forget we have historical videos dating back to early 2008 at www.youtube.com our IT guy dropped the ball and didn’t renew our Oracle Forex domain when it expired and we lost it. Hence the name change to Sphinx.
Bullish engulfing candle of the 55 EMA daily. Reasons for Trade: – Price found support off the 55 EMA daily – Engulfed previous resistance area. – Price action found support off the 200 SMA on 4H – Used 5M chart to gain entry.
String upward momentum shown on the daily & 4H chrats. Used 1H to gain a better entry.
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