News like FOMC or NFP are known by the name “The Widow Maker”. This exaggeration definetely shows the explosive character of the events. If you have open positions without a strict Stop Loss, you will likely run into a higher drawdown. And since most EAs and traders like high lot positions, the drawdowns may mutate
Most traders will agree that there are few things more enjoyable than riding a steady up trend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the downside
Hello Traders, we had a trade on GBPCHF on H1 time-frame that today 26 July 23 the market already moved +2900 Points! In this trade we looked first at the Italo Pivots red resistance line, the market touches and rejects it, in this rejection I got grey candles from Italo Trend, grey candles from Italo
Hello traders, Today I spotted two trading setups. My first setup was in USDCHF M15. It was a well-formed demand zone that was formed inside larger demand zone of the same timeframe. I decided to place two positions on this setup. Price touched this demand zone and went through it. As you can see from
Trh Merolagani, located in the heart of Nepal, has emerged as a bustling hub for stock market enthusiasts and investors. With an ever-growing interest in financial markets, Trh Merolagani has become the go-to platform for Nepalese individuals seeking information, education, and investment opportunities. This article explores the significance of Trh Merolagani in Nepal’s financial landscape
EUR/USD: Awaiting the Federal Reserve and ECB Meetings ● When the DXY Dollar Index dropped to April 2022 levels (99.65) on July 14, many market participants concluded that the best days for the American currency were over. Inflation is nearing target levels, and in order not to suffocate the economy, the Federal Reserve will soon
Monday: China CPI missed expectations coming at 0.0% vs. 0.2% expected for the Y/Y reading and -0.2% vs. 0.0% expected for the M/M figure. Moreover, the PPI Y/Y came at -5.0% vs. -4.6% expected. These figures signal that China is sliding into deflation, and we should see stronger easing measures being adopted soon. China CPI
EUR/USD: Falling Inflation Has Crushed the Dollar ● So, we can either congratulate (or, conversely, upset) everyone with the onset of a global process of dedollarization. As Bloomberg reports, after the inflation rate in the US approached 3.0%, which is not far off the Federal Reserve’s target of 2.0%, it seems like a turning point
INTRODUCTION There are some significant new features in version 2.1 of CoralMAX, more than I can adequately describe in the change log. So this post will be a deep-dive on what’s new. CoralMAX is an EA for position trading. It is available in the MQL5 Market (here), and there is a blog post that covers
EUR/USD: Much Depends on the CPI ● The Dollar Index (DXY) steadily increased during the past week, leading up to Thursday, July 6. As a result, EUR/USD was more inclined towards the American currency, causing the pair to find a local bottom at the 1.0833 level. The dollar’s strength was driven by the publication of
