Pivot points can be used as entry points for new trades or as a close signal for the existing ones. There are different types of pivot points with a different mathematical formula or simply using previous highs and lows. HOW TO TRADE PIVOT POINTS The following scenarios work with the Traditional Pivot Points For the […]
https://youtu.be/OckBexiQixQ The most important signals are related to the divergence. A recap for divergence from previous lessons: DIVERGENCE AND HIDDEN DIVERGENCE Positive Divergence is bullish and occurs in a downtrend when the price action prints lower lows that are not confirmed by the oscillating indicator. Negative Divergence is bearish and occurs in an uptrend when […]
Acceleration Bands Serve as a trading envelope that factors The standard setting is 20 candles. They can be used across any time period as breakout indicators outside these bands. Acceleration Bands are plotted around a simple moving average as the midpoint, and the upper and lower bands are of equal distance from this midpoint. Can […]
The free lesson of the week. 👨🎓 McGinley Dynamic Indicator: It was invented by John R. McGinley. It would automatically adjust itself in relation to the speed of the market. This future can be very helpful as it is sometimes difficult to choose the right period for the MA. It also helps to account for […]
A news trading strategy takes into account: ✔ News and market expectations before news releases. ✔ News and market expectations after news releases. News trading tips: 👉 News can travel very quickly on digital media, so you need to be quick. 👉 You should make a quick judgment to figure out if the news already […]
https://youtu.be/OUldYXMnpIk If you are a Forex trader, you probably made some choices that you regretted after. You can probably think of many examples when your thoughts or your emotions got in the way of your trading performance. Imagine these situations: You closed a position in loss and the price direction changed after. You see a […]
Prices are determined based on supply and demand. In this video, I tried to explain the process. You can read about this on my weblog. https://youtu.be/AQHM_E9c_yE
https://youtu.be/6Cl4pCk6fGI
You may notice that in the forex market more people are losing money than earning a profit. Yes, that is correct it is better to go with the minority. It means if the SSI is negative we should buy it and vice versa. Like other indicators, you can not trust this one for every single […]
https://youtu.be/Z6K4nWT3YwI Gap traders believe that in currency trading the pair tries to fill the gap after up to 3 days. Price tries to close that gap but fails In very trendy markets with big gaps prices may continue in the same direction.
