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Pinbar Trading Strategy for Bigger Profits
Pinbars are very important candlesticks in forex because they signal market reversals. The pinbars themselves are individual candlesticks, although some authorities describe pinbars as the “nose in between the right and left eye”. This signifies that at the bottom of a downtrend, the pinbar is found between a bearish candlestick and a bullish candlestick, and […]
Read Some MoreTrading the Cup and Handle Pattern
William O’Neal gave us the cup and handle patterns in his 1988 book titled “How to Make Money in Stocks”. Even though this chart pattern was initially developed for the stock market, the forex market can also be traded with chart patterns and so the cup and handle pattern has been successfully applied to the […]
Read Some MoreAutotrading The New Social Trading – Tips
Autotrading in forex is a system where traders link up their accounts to that of other more successful traders on a platform so that the strategies that these successful traders use are duplicated on their own accounts automatically. Forex autotrading should not be confused with automated trading (trading with forex robots). In forex autotrading, there […]
Read Some MoreShort Term Range Trading Strategy
We have all heard the saying that “the trend is your friend until it ends”. But what happens when the currency pair has no defined trend? What happens when the currency is range-bound or in consolidation? Is the asset still tradable? Many traders would simply walk out of the market, waiting until the next trend […]
Read Some MoreRetracement Trading Strategy
This strategy was devised by [highlighter color=”yellow-mute” ]Trader Jay[/highlighter] as a way of helping traders overcome a major obstacle encountered when trying to catch the right moment to enter a trade on an asset that is undergoing a pullback or retracement. Retracements are an integral part of trading the Forex markets. Prices do not move in a straight line, […]
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