‘i’ Tagged Posts

Trading Forex Using Price Action ” The Engulfing Patterns

Few things are more satisfying to me that bare chart trading. Ive seen traders with so many indicators on their screen that I could not even see the price of the currency pair. What do any of these indicators tell you anyway? Do I need a MACD or a CCI? I can see which direction the trend is moving without them. How about a stochastic? I can see where candles are closing relative to the high or low. Other than some horizontal lines at key support and resistance levels, some Fibonacci retracements, and trend lines I often have nothing on my charts at all. All of these are topics for future articles.

 

What Are The Benefits From Using Forex Signal Software?

It is literally impossible for even the most experienced foreign exchange traders to keep track of every single event and detail that affects forex trades. There are a ton of online tools available that are geared toward assisting traders in gathering information and analyzing the markets for them, such as forex signal software. This allows traders to take a break in following the markets that simply do not sleep.

Breakout Trading (Part II)

When prices move out of a price range, then back into the price range and then breaks out of the level again, stopping both breakout traders and faders at least once, whipsaw takes place. When there is a lack of momentum or the breakout is small and weak, a whipsaw breakout usually occurs.

How To Trade the Breakout? (Part I)

When the currency price moves beyond the period of consolidation or range trading, a breakout typically occurs. Massive profits are what breakout trading can provide you. Who doesnt want to reap massive profits from a big price move in a short time?

Engulfing Patterns in Forex Trading

Few things are more satisfying to me that bare chart trading. Ive seen traders with so many indicators on their screen that I could not even see the price of the currency pair. What do any of these indicators tell you anyway? Do I need a MACD or a CCI? I can see which direction the trend is moving without them. How about a stochastic? I can see where candles are closing relative to the high or low. Other than some horizontal lines at key support and resistance levels, some Fibonacci retracements, and trend lines I often have nothing on my charts at all. All of these are topics for future articles.