Drawing boxes a simple way to price action trading Boxes present an awesome way of looking at price action and trend visually. The rules are clear: Rising trend requires rising lows New highs in an uptrend are great for extending the uptrend Falling trend requires
Forex Trading Pairs behave differently Traders might want to bear in mind the following when preparing for a trade. Some pairs move a lot in one day some move less. For example, last Friday 01 June 2012, GBPJPY moved a total of 226 pips from
Wash N Rinse is also known as bull trap/ bear trap, fading the stops etc. It is a price action used by smart money to eliminate weak hands.
The psychology of playing poker and trading the markets share many similarities I have always been amazed at the similarities between playing poker and trading in the markets. Here I share some observations which I hope traders will realize. From pokerlistings.com, I found an
What makes a good reversal trade signal? There are some elements In previous posting ‘Learn to trade forex: Elements of a trade signal“, we discussed the elements of a good signal. This week we see such a combination unfold before us in the EURJPY. Lets