U.S. retail sales fell 1.5% in September but were stronger than the 2.1% decline that was forecasted as sales minus autos remained firm. Americans showed… forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
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When I began my career as an analyst, I was lucky enough to have some time with a few old pros. One in particular that I will always remember told me that a kid with a ruler could make a million dollars in the markets. He was talking about trendlines…. forex news source If you enjoyed this [Continue]
Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a little longer, hoping that the market will turn around. Then if the market… forex news source If you enjoyed this [Continue]
One of the more popular technical indicators in use today is Bollinger Bands. Created by John Bollinger in the early 1980s, this tool is essentially a Moving Average with a volatility filter. Volatility can be of great value in an indicator for those times when the market is swinging wildly… forex news source If you enjoyed this [Continue]
You see that the EUR/u.s. dollar was moving up strongly, so you bought this pair on the last pullback. But now after another move up, the pair has pulled off of the highs and is moving down and you wonder if there is a way to measure the strength of the… forex news source If you enjoyed [Continue]
“The Relative Strength Index (RSI) is such an indicator, offering the best of all worlds,” said Cardwell, president of Cardwell Financial Group, Inc., based in Woodstock, Ga. The RSI “is the cornerstone of my trading model,” he said. forex news source If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral. It is a headline that is bandied about on a regular basis. Quantifying the value of risk, and its forex impact, may be so much harder to do in the trading arena, than reporting each… forex news source If you enjoyed this [Continue]
