The Structure of Forex Brokers
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
Your first loss is your best loss
Wow....... losing, losing would have to be one of the most challenging parts of this business to come to terms with. Why...............
Inside Bars
Here is another chart pattern that appears quite regularly and can be quite an addition to any one's trading arsenal. What makes this pattern so appealing to me personally is the fact that it gives
The No 1 Reason Traders Fail
The reason that most traders fail is and I guarantee this, note the use of the word guarantee. It is the simple fact that they have not-
My Top Ten Daytrading Rules
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.
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Still Not Convinced
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.
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Picture Perfect Pivot Point Trade
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.
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Price Action Overnight 25 May 2010
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.
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Price Action Overnight 20-5-2010
20 May 2010
When the first twin tower reversal pattern formed which was straddling the central pivot point and also clearly rejecting the daily open line I figured this was a good place to get short.
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Price Action Overnight 19-5-2010
20 May 2010
It is amazing just how predictive these pivot points are. Check out the following charts and notice just how price reacts to these points, here you can see how price opened for the day and ran up to the central pivot point where it formed an enormous Doji and then reversed and dropped like a [...]
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