On the side of the student, TraderSimulator allows them to put into practice on an ongoing basis what their teacher is telling them. After each and every coaching session, the student can use TraderSimulator to refine the techniques that the stock teacher has brought to their attention. Best of all is that the student can do so in a no-risk environment, confident that their mistakes won’t be punished and that they’re developing all the while.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Monday, February 22, 2016
EUR/JPY Chart
Summary : Target Level : 128.1745
Target Period : 3 days
Analysis :
Falling Wedge identified at 22-Feb-01:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 128.174 within the next 3 days.
Resistance Levels :
( B ) 128.1745Last resistance turning point of Falling Wedge.
Support Levels
( A ) 125.0195Last support turning point of Falling Wedge.
Target Period : 3 days
Analysis :
Falling Wedge identified at 22-Feb-01:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 128.174 within the next 3 days.
Resistance Levels :
( B ) 128.1745Last resistance turning point of Falling Wedge.
Support Levels
( A ) 125.0195Last support turning point of Falling Wedge.
Saturday, February 20, 2016
Learning to Trade
There are several keys to trading an early morning breakout. First, you need to wait for a trading range to develop between 9:30 and 9:50 in the morning. This is the crucial “after the bell” period where most activity is seen. Second, you need to buy or short the trend between 9:50 and 10:10, after you see the range develop. Third, you need to have a clear price target in mind and a stop loss order in place in case your target isn’t reached.
Friday, February 19, 2016
Trader Simulator
A day trading breakout is an influx of high volume trading that occurs right after the open. First thing in the morning, there is usually an influx of trading activity, due to the fact that most traders are putting in their first orders of the day. As a result, we tend to see higher momentum earlier in the day, even in a market that’s generally going sideways.Trader Simulator looks to address the weaknesses of beginner traders by providing access to the markets at a level you’re comfortable with.
Wednesday, February 17, 2016
AUD/USD Chart
Summary : Target Level : 0.6984
Target Period : 2 days
Analysis :
Channel Up identified at 16-Feb-17:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.698 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.7182Last resistance turning point of Channel Up.
Support Levels
( A ) 0.6984Last support turning point of Channel Up.
Target Period : 2 days
Analysis :
Channel Up identified at 16-Feb-17:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.698 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.7182Last resistance turning point of Channel Up.
Support Levels
( A ) 0.6984Last support turning point of Channel Up.
Monday, February 15, 2016
USD/ JPY
Summary : Target Level : 114.4755
Target Period : 3 days
Analysis :
Channel Down has broken through the resistance line at 14-Feb-23:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 114.476.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 117.527Last resistance turning point of Channel Down.
Support Levels
( A ) 110.9825Last support turning point of Channel Down.
Target Period : 3 days
Analysis :
Channel Down has broken through the resistance line at 14-Feb-23:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 114.476.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 117.527Last resistance turning point of Channel Down.
Support Levels
( A ) 110.9825Last support turning point of Channel Down.
Thursday, February 11, 2016
EUR/GBP
Summary : Target Level : 0.7707
Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 10-Feb-13:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 0.771.
Resistance Levels :
( B ) 0.7851Last resistance turning point of Channel Up.
Support Levels
( A ) 0.7662Last support turning point of Channel Up.
Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 10-Feb-13:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 0.771.
Resistance Levels :
( B ) 0.7851Last resistance turning point of Channel Up.
Support Levels
( A ) 0.7662Last support turning point of Channel Up.
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