Day: April 16, 2019
6 posts
Trade of the Day: CAD/CHF
By: Dima Chernovolov CAD/CHF continues to rise inside the clear 4-hour Up Channel which was recently identified by Autochartist. Autochartist rates the quality of daily this Up Channel at the 7-bar level – which is the result of the slow Initial Trend (3 bars), significant Uniformity (8 bars) and near-maximum Clarity (9 bars). CAD/CHF is…
Trade of the Day: GBP/CHF
By: Dima Chernovolov GBP/CHF continues to rise after the recent breakout of the hourly Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Triangle at the 5-bar level – which is the result of the above average Initial Trend, Uniformity and strong Clarity (all rated at the 6 bar…
Trade of the Day: EUR/CAD
By: Dima Chernovolov EUR/CAD continues to rise inside the daily Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Triangle at the 4-bar level – which is the result of the slow Initial Trend (1 bar), significant Uniformity (8 bars) and below-average Clarity (4 bars). EUR/CAD is expected to…
What is the yardstick for successful trading?
Regardless of whether you are trading Forex, stocks, gold or beans, everyone who considers themselves a “trader” wants to be successful. For many, this means fulfilling the goal of replacing their current income with gains made from trading. For others, it might mean reaching levels of wealth and security impossible to reach with their “day…
Trailing Stop Systems: Bullish Bearish Bar and Round Numbers
Using a trailing stop allows you to let price action dictate when to get out of the trade. In non trending markets, using a trailing stop can reduce your risk or get you out of the trade with a small gain. In trending markets, the trailing stop can safely keep you in the trade longer…
When Your Trading Strategy Stops Working
You had a great strategy, it was working well and it was making you money. The problem? Suddenly, market conditions have changed and your strategy no longer works. Markets are too volatile, too choppy. It’s as though the only thing your strategy can produce is a screen full of red. It seems like your strategy…