Let’s get this straight. Technical analysis is a wide ranging group of techniques which obtain information from price action or derivatives of price action and provide indications to the analyst on the expected direction of price. The basic concept that is often said is that it is based on the…
Original post by Forex Articles (ActionForex.com) and software by Elliott Back
I often hear traders claim that it is impossible to forecast price movement. I can categorically claim that it is possible, and have considerable success and good accuracy in the process utilizing technical analysis in 100% of my forecasting. Economists of course laugh at the idea that there can be…
Original post by Forex Articles (ActionForex.com) and software by Elliott Back
Typically, when multi-strategy hedge funds head to the currency markets to raise funds they will liquidate their most profitable positions first. Over the past six months this has inevitable meant carry trades. For example since its short term bottom on May 17th, USD/JPY with its 500 basis point positive interest…
Original post by Forex Articles (ActionForex.com) and software by Elliott Back
This simple exercise will increase Forex profits 100% and works for 99% of all short-term FX traders - stop trading so much - widen out your stops - widen out your profit targets - and only trade in the direction of the trend indicated by 4 hour chart.
Original post by Forex Articles (ActionForex.com) and software by Elliott Back