When a strategy provides a lot of signals, such as the one I use for trading a 1-minute or 5-minute chart on the EURUSD (see: Forex Day Trades – October 7 and subsequent posts), some traders may find it beneficial to add an indicator to help them figure out which signals to take and in […]
There is a wide of array of sentiment indicators which you can use to generate trade ideas and confirm trades. One of the most popular ones is the long-short ratio. It shows the percentage of traders who are long and short a particular currency pair. Over time we can see how a currency pair’s price […]
Mondays are historically the lowest volatility day of the week. That means some special attention is required when selecting trades. Figure one shows EURUSD volatility per weekday, with Monday averaging about 60 pips of movement. Wednesday and Thursday see a significant jump in volatility. Figure 1. Source: http://vantagepointtrading.com/daily-forex-stats – November 11 November 11 is […]
Good Day traders, In this article I will explain you basic things about how to trade in the Futures Markets. First of all, what is a future contract? It’s a financial derivative and like every financial derivative we need an underlying asset. These assets can be currency pairs, indices, commodities, bonds etc. The first thing […]
Hi traders, Today I am going to show you an easy and fast way to trade pin bars. I use these setups to trade a reversal in the market. I usually take a longer expiry in binary options like 15 min or 20 min. So, let’s take a look to the first screenshot of the […]
Whether you trade forex, stocks or stock index binary options, there was a lot of movement on November 7 to capitalize on. Just prior to the start of the US session the ECB Interest Rate announcement sent the EUR/USD flying lower, dropping about 150 pips in 2 minutes, it then consolidated for a few minutes […]
Occasionally countries or regions take aggressive action in the currency markets to support or suppress a currency pair. A recent example is when the Bank of Japan intervention into the USD/JPY and other Yen related pairs. Another example is currently occurring in the EUR/CHF, and it creates a rare and unique trading opportunity. Swiss Bank […]
Hi everyone, In this article I am going to explain you and introduce you the “Traders Dynamic Index” indicator. TDI is about the trends, market volatility and market strength. It’s very popular and there are many traders who base their entire strategy only to the TDI signals. Let’s see how this indicator looks like. In […]
Not every day is going to be easy to trade–some days are, some days aren’t. Depending on trading style, a tough day for one trader may be a glorious for another, but the fact remains every trader faces tough market conditions. Since I don’t start trading the EUR/USD until well into the European session, nearer […]
Another trending day for the EUR/USD, providing ample opportunity to trade the short-side (puts) during the London session and the start of the US session. To take advantage of the downtrend, look to enter on pullbacks and exit on the next swing lower. Using 0.01% envelopes provides a context for pullbacks on a 1-minute chart. […]