Assumptions are often made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general, this post explains why
Wow....... losing, losing would have to be one of the most challenging parts of this business to come to terms with. Why...............
Here is another chart pattern that appears quite regularly and can be quite an addition to any one's trading arsenal. What makes this Inside Bars so appealing to me personally is the fact that it gives
The reason that most traders fail and end up losing money is and I guarantee this, note the use of the word guarantee. It is the simple fact that they have not back-tested their system on a sufficient amount of data.
31 October 2010
Here is an Example of a Pin Bar that is followed by a consecutive Pin Bar that is also an Inside Bar. This type of price behavior just adds to my weight of evidence style of trading. When this type of price action happens it denotes that there is an increased probability that this will [...]
10 October 2010
Trade the Pin Bar for profits. EASY! It is the single most powerful reversal pattern available to traders today.
24 June 2010
With any trading method you absolutely must have a set of rules to abide by, these rules set boundaries for your trading activities and helps to limit your emotional input whilst trading. They will also help keep your trading structured. The following are the rules that I have in place for the Pivot Point Methodology I am working with currently.
22 June 2010
Still not convinced that these Pivot Points have any merit, well just have a look at the following chart of last night's price action.
22 June 2010
Here is a perfect trade example using pivot points, in the following chart you can see how the huge pin bar formed at the R3 level clearly rejecting it and indicating the potential for a reversal in price.
25 May 2010
Two trades were taken overnight, the first is circled in the previous image where you can clearly see how price formed a near perfect twin tower pattern right on the S1 pivot point.
