When entering the financial market, the first thing you see is the Japanese candlestick chart. It has distinct shapes that reflect the price action of the market. And among them is a very different candlestick that looks like a pin – Pin Bar. Pin Bar is a candle shaped like a pin with an outstanding
EUR/USD: Mr. Powell and Mrs. Lagarde – Much Talk, Little Substance ● Last week’s business activity data from both sides of the Atlantic proved to be exceptionally weak. The euro came under selling pressure due to a decline in Germany’s Services PMI from 52.3 to 47.3, which in turn pulled down the Composite Business Activity
A popular trading expression is “the trend is your friend.” This expression has stood the test of time because trends are critically important to any trading plan. Forex trendlines can be seen in almost any charting analysis due to its usefulness and simplicity. This article provides traders with an in-depth guide on what trendlines are, how to draw
Harvesta is an Expert Advisor that makes use of “Probabilistic approach” to trade the congestion zones using the demand and supply principles. It is smart, robust, not adversely affected by any broker, leverage, and slippage. Recommendations Timeframe: M15 Balance: 3000 Pairs: NZDCAD, GBPNZD, AUDCAD, AUDNZD, NZDUSD, EURGBP, NZDCHF, EURAUD, GBPAUD, GBPCAD. Settings: The default settings are already configured for the trading currency pairs.
NAVIGATING SUCCESS: COVARIANCE, DIVERSIFICATION, AND RISK-RETURN MANAGEMENT IN MULTI-INVESTMENT FOREX PORTFOLIOS In the realm of foreign exchange (FOREX) trading, where currencies ebb and flow like tides, skilled traders seek not only to ride the waves of opportunity but also to mitigate the risks that come with market volatility. Enter covariance, a fundamental concept that lies
Good evening. Today I traded according to the signals of my indicator. Trading the NZDUSD pair on the M5 timeframe. Great result, today I earned $ 31. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several
Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set period with the number of periods basing everything on the current currency prices. Furthermore, the indicator tool creates signals that
Hello traders, Today I spotted three trading setups and i placed four positions in total. My first setup was in EURJPY M30. It was a well-formed Supply Zone that was formed in within higher timeframe Supply Zone. I clicked on the Zone Label and i created two Short Positions. My first TP Target was at