Day: March 25, 2019
6 posts
Trade of the Day: GBP/AUD
By: Dima Chernovolov GBP/AUD continues to fall inside the daily Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 7-bar level – which is the result of the significant Initial Trend (7 bars), lower Uniformity (4 bars) and strong Clarity (8 bars). GBP/AUD is…
Trade of the Day: AUD/CAD
By: Dima Chernovolov AUD/CAD continues to rise inside the 15-minute Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 7-bar level – which is the result of the slow Initial Trend (2 bars), strong Uniformity (7 bars) and near-maximum Clarity (8 bars). AUD/CAD is…
Trade of the Day: EUR/JPY
By: Dima Chernovolov EUR/JPY continues to fall inside the daily Descending Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Descending Triangle at the 6-bar level – which is the result of the strong Initial Trend and Uniformity (8 bars). EUR/JPY is expected to fall further inside this Descending…
Using the Accumulation/Distribution Indicator
A double bottom that fails to hold, resistance that gets sliced in a heartbeat or just a trend that surprisingly breaks. Those are just a few of the”nasty” pitfalls that nearly every trader regularly encounters. Those pitfalls are seemingly out of the blue but are, in fact, just a result of another dimension acting in…
What makes a successful trader?
The percentage of successful forex traders is relatively small, yet they share certain similarities: A well-built trading system, plus the right combination of personality traits and learned behaviors. Of course, the tools are important – Regardless of a trader’s personal characteristics, a successful trader always builds, uses or finds a good Expert Advisor (EA). Most people…
Use Fibonacci Expansions
You’re about to ride a bullish trend; you plan your stop loss and gauge how much you can risk. You also know the rule of thumb—that is that your profit should be at least twice the amount you are willing to risk. But how can you know if the trade you’re considering really has potential…