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.
Saturday, February 27, 2016
Thursday, February 25, 2016
GBP/CHF
Summary : Target Level : 1.415
Target Period : 2 days
Analysis :
Channel Down identified at 24-Feb-22:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.415 within the next 2 days.
Resistance Levels :
( B ) 1.415Last resistance turning point of Channel Down.
Support Levels
( A ) 1.3733Last support turning point of Channel Down.
Target Period : 2 days
Analysis :
Channel Down identified at 24-Feb-22:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.415 within the next 2 days.
Resistance Levels :
( B ) 1.415Last resistance turning point of Channel Down.
Support Levels
( A ) 1.3733Last support turning point of Channel Down.
Tuesday, February 23, 2016
EUR/USD Chart
Summary : Target Level : 1.1119
Target Period : 3 days
Analysis :
Falling Wedge identified at 23-Feb-03:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.112 within the next 3 days.
Resistance Levels :
( B ) 1.1119Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.1003Last support turning point of Falling Wedge.
Target Period : 3 days
Analysis :
Falling Wedge identified at 23-Feb-03:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.112 within the next 3 days.
Resistance Levels :
( B ) 1.1119Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.1003Last support turning point of Falling Wedge.
Monday, February 22, 2016
no-risk environment
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.
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.
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