Months of side way movement GBPAUD had been flattish over the last several months after a period of strong bullishness in the previous year (2013). This month (Sept 2014), price did a WRMB of the 8 months side way move and is currently above the
I used to tell myself that I have no time for this, no time for that… now I realise that I had such a put-it-off mentality because I did not have a money-making method and an achievable goal. With Tflow® method to trade forex, I wish the market would operate every day including Saturdays and Sundays. Making money trading like this is not work anymore, I feel great, I don’t dread the market, there is nothing else I want to do except trade.
We encourage students to ask questions in the comments section so that everyone can learn. This post illustrates how charts and screenshots can be inserted.
In his ‘Trader’s Personality Quiz, Dr Brett Steenbarger, PH.D., described risk-tolerance as 1 of 3 ideal personality traits for good traders. I pushed it to an extreme: A good trader must not be risk averse, so the higher one’s propensity to eat this dancing squid, the more likely he/she will trade well. Lol!
What happened when there was a WR (aka wash and rinse, fake movement) found in the higher timeframe chart? This represents that a huge group of slightly longer term traders/even investors are trapped at higher price (in the case of NZDUSD), while price now heads
Straits Times Index lost key psychological level at 3300 as well as major 76.4% Fib-R in a big way today. This bearish picture for the Singapore stock index has long been unfolding. There is plenty of room to fall.
CADSGD is showing typical Tflow® pattern – WRMB
Due to the lack of data in Axitrader MT4, I have attached Bloomberg data and it shows that CADSGD is downtrend