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3 Simple Ways To Identify Trending Markets – Part 2 ADX
This is part 2 of the series, for part 1 go here. In the previous article we looked at how to use support and resistance levels to identify ranges and trending phases. In this part we’ll take a look at an indicator to help us solve this problem. Method Number 2 – Average Directional Index […]
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3 Simple Ways To Identify Trending Markets – Part 1
One of the first pieces of advice given to novice traders is trade with the trend. The problem is most newcomers to forex can’t even tell where the trend is, so it is pointless to ask them to trade it. In this new series of articles we’ll look at 3 different ways to identify trending […]
Read Some MoreEUR/USD Falls 118 Pips On Renewed Fears And Levels to Watch Next Week October 1st 2012
The Euro fell 118 pips versus the dollar last week on renewed fears about Europe’s handling of the Debt Crisis. The week started with a slew of negative Spanish data, tax receipts through August fell by 4.6% but government spending rose by 8.9%. Spain had a budget deficit of 4.77% of GDP in this year’s […]
Read Some MoreLooking at Different Ways to Use a Moving Average in Your Trading – Part 2
In my last article I wrote about the different ways to use a moving average, click here to read more about it. This is part 2 of that series, focusing on another non-traditional use for the MA. Use Number 3 – Using Moving Averages as Support and Resistance Levels A popular use of Moving Averages […]
Read Some MoreEuro Falls 140 Pips, New Zealand Dollar Outperforms And Levels to Watch Next Week September 24th 2012
The Euro fell 140 pips against the dollar last week as the rally post-QEX, the Fed’s latest easing effort, failed to continue. Risk assets in general were also put on the defensive, Oil fell over 6$, closing the week at 93.05. Gold closed the week almost unchanged, up only 2$ to 1,772. The Euro Stoxx […]
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Looking at Different Ways to Use a Moving Average in Your Trading – Part 1
Everyone interested in trading has probably used or at least tried a Moving Average at some point in their trading career. But most only apply the Moving Average (MA) in the conventional sense, as a trend trading tool. However the MA can be used in other ways too and we’ll look at the different ways […]
Read Some MoreEUR/USD Gains 319 Pips on Fed’s QEX And Levels to Watch Next Week September 17th 2012
The Euro closed the week 319 pips higher against the dollar and 268 higher against the Japanese Yen on the back of the Fed’s decision to launch QEX. Since this was the most important news event of the past week and markets didn’t move much until the FOMC’s decision on Thursday, we’ll focus this article […]
Read Some MoreTrading Divergence Part 3 – Using RSI and Stochastic to Spot Divergence
The last 2 weeks we focused on finding divergence signals on the MACD, you can read about it here Part 1 and here Part2. But divergence can show up on other indicators too and we’ll go over some of them here. Let’s start with the Relative Strength Index (RSI). We’ll use the most common and […]
Read Some MoreEuro Gains +245 Pips on ECB Bond Buying Plan And Levels to Watch Next Week September 10th 2012
Last week in the forex market was all about the ECB. On September 6, the new ECB bond buying program was supposed to be unveiled. But since secrecy seems to be non-existent in Europe’s politics we got the plan leaked early just like it happened countless times before. On September 5 the ECB sent the […]
Read Some MoreEUR/USD Closes Up 66 Pips And Levels to Watch Next Week September 3rd 2012
The Euro spent most of last week ignoring important news releases and instead focusing on central bankers and their thoughts/speeches. ECB’s President Mario Draghi made an appeal to the german public in an opinion piece written in the Weekly Die Zeit. In it, he tried to make a case for what we called “exceptional measures”. […]
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