Convergences are a powerful indicator for traders of all varieties. Convergences, as the name suggests, are when two or more indicators or other analysis devices are leading you down the same path. Imagine a stream flowing down a valley. It meanders along on its own, following the trend of elevation until it joins, or converges, […]
Forex Swing Trades on the Radar–June 26 While a number of pairs such as the USD/JPY, EUR/USD and USD/CHF remain stagnant as they await their next trending move, a number of pairs have strong trends going on. NZD/USD The NZDUSD is one pair on the watch list. Since the start of June is has been […]
It’s called Intermarket analysis, and it is the study of how various asset classes interact with one another. Excluding assets such as art or real-estate holdings, we have five major “financial market” assets classes: Cash and cash equivalents, such as T-Bills or CDs Fixed Income products such as bonds or Treasury notes Currencies such as […]
June 25, 2014 One thing I don’t talk much about in my blog is news trading. This is big for some intraday traders who like to pick up profit just by riding a news release. I have done some trading with the non-farm payrolls in the past, but more or less I simply stay out […]
Interested in trading gold? Then you’ll probably want to know about this ETF that usually turns just ahead of gold prices. That means if you are thinking about going short in gold, you can wait for the ETF to turn lower, which means gold prices should follow shortly after. If you want to go long […]
Chaikin Money Flow was developed by Marc Chaikin and is a primary used a confirmation tool for trend trading in stocks. It combines both price action and volume into one indicator, as the founder believes that volume leads price. CMF moves above and below zero based on whether, on average, the stock is finishing in […]
June 24, 2014 Due to the insipid early-morning activity on the EUR/USD, I began looking at five-minute charts of a few other currency pairs and eventually settled on observing the GBP/JPY, which appeared to be in the midst of providing a good trade set-up. So I scrapped the euro-dollar for the day and went with […]
The EUR/USD was in a downtrend for Monday morning. It made about a forty-pip down move, spanning three pivot levels. (Also, before I move on I should say that I don’t have any idea what that solid yellow line is doing on my chart. I deleted all my drawings and it wasn’t a Fibonacci retracement […]
As I stated in my last post, I am trading at Boss Capital at the moment. I do like how you can obtain an 85% payout for an in-the-money trade. That’s really as low as I prefer to go with binary trades in terms of payout percentages. Having a lower break-even percentage is nice. At […]
Interpreting signals and indicators is the heart, soul and life of a technical analyst and day trader. The signals are how we make our bread and butter. The thing is, the signals are cold and heartless. They do not wave a flag saying “hey, trade me! I’m the best!”. You have to be able to […]