Category Archives: Learn Forex Trading

Add this invaluable extended trend line to your WTI chart

There is an extended trend line on the WTI chart that has proven useful time and again. WTI traders must add! Extended trend lines have features that make them special. Features listed here and how-to-draw tips.

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AUDSGD just printed a small W-shaped bottom at strong confluence

AUDSGD prints a high probability reversal pattern with a combination of multiple bullish features including 1) confluence of trend lines on weekly 2) W-shaped double bottom on daily chart 3) bullish expansion terminated previous week-week trend.

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Developing a Robust CFD Trading Plan

A well-designed CFD trading plan has all the elements that mitigate risk and impart robustness to the portfolio. Defining the time frame, selecting the trade, choosing the time to enter, and exiting the trade are the crucial elements of a trading plan.

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Simple lesson in forex trend, reversal here with AUDSGD

A look at simple price action indication of change of trend: price expansion. A bearish price expansion terminates an uptrend sequence of higher highs, higher lows while a bullish price action does the opposite. Making a trade entry after such a signal ensures that we got the trend and timing correct.

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Fibonacci retracement forex trading strategies

3 Forex strategies. Using Fibonacci retracement to 1) identify support and resistance levels 2) know when to open and close positions AND 3) follow trends.

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