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
A trend line break appears obvious during back testing but applying it during actual trading is not because there are also false breakouts.
This is a simple tip for MT4 users. Before: The Fibonacci tools are wonder ful and essential for trading but after plotting them on the chart, price levels corresponding to the Fib levels are not displayed. For illustration, see ”50%’ retracement level on chart. To
Good trade signals combine a number of qualities Price follows the path of least resistance; therefore a roadmap that forms support or resistance is a good reference for a turning point. When the price chart prints a chart pattern, the pattern itself provides plenty