Can False Breakouts be Prevented ?
Price is begining to breakout of daily support and resistance levels on major pairs. Entering into the market using entires , many traders wonder what are the odds of a false breakout.
Price is begining to breakout of daily support and resistance levels on major pairs. Entering into the market using entires , many traders wonder what are the odds of a false breakout.
When a market is no longer trending, trend traders must find new ways to trade it. Trading a consolidation zone or a range can provide an effective alternative trading opportunity.
One of the most common mistakes made by tradersis the fact that they often win such smaller amounts when they are right than the losses they take when they are wrong. This article will teach a way to try to prevent that.
The GBPUSD appears to be stalling after creating 2012 highs. A turn in price could indicate the creation of a 948 pip range trade !
The EURGBP has moved 214 pips lower in the month of April. As the trend continues, the CCI oscillator can generate fresh signals to initiate sell positions.
Trading the majors has been difficult with so many USD pairs heading in different directions. Astute traders look to the USDollar Index to find some much needed direction.
While many markets continue to gyrate around the hopes and anticipation of additional easing from Central Banks; many traders have been left clueless without the luxury of many strong trends. You don’t have to be one of those traders.
The USDCHF has been consolidating in a 664 pip range forming a symmetrical tirangle. As the triangle patttern narrows, traders prepare for fresh breakout entries.
Have you ever been stopped out of a trade quickly only to have the pair reverse and move in the original direction of your trade? In order to lessen the likelihood of that happening, we must think in terms of effective stop placement. This article will focus on steps a trader can take to place their stops based on the price action as seen on the charts.
The USDJPY has moved 489 pips lower over the last month. As price declines, traders can look to candlestick clues to find fresh entry orders.