15 minute chart is good for scalping. On M15 chart you can catch good 500-100 pips moves easily depending on the currency pair. Candlestick patterns on M15 chart when combined with support and resistance can be good signals...
If you don't understand M5 chart, you will lose a lot on it. The key to understanding M5 lies in trading it naked. Naked trading means focusing only on price action and ignoring indicators. All indicators are lagging. So ignoring them won't be a problem if you know how to read price action...
Bollinger Bands are popular with many traders. Bollinger Bands is a volatility indicator similar to the Keltner Channel. When the bands widen, it is an indication of high volatility in the market. When the bands narrow down, it is an indication of low volatility in the market...
Why multiple timeframe analysis is important in currency trading? If you want to develop a big picture, first take a look at the higher timeframe. This gives you the picture of the main trend. On lower timeframe you will find price moving against the main trend...
Binary options give you the chance to bet on the direction of the market. Basically you bet that price will be above or below a certain price level at the end of a certain time period. If you think that price will be above a certain level, you buy a call option...
High Frequency Trading data is hard to get free. Most of the people subscribe to price feeds and pay $50-$100 per month. In this post I give you the python code to download High Frequency Trading Data from Google Finance. The lowest time interval is 1 minute...
Renko charts have also been invented by Japanese traders just like candlestick charts. However renko charts are different than candlestick charts. Renko charts eliminate time altogether and instead focus on a minimum price movement defined by the trader...
Social Trading means selecting one or more successful traders in the social trading network, filtering them according to a few criteria like average profit, and simply copying them. Before we move on with the BRXcapital Social trading review I want to mention that, BRXcapital...
Preliminary UoM Consumer Sentiment Report is released on 15th of each month. UoM stands for University of Michigan. UoM Consumer Sentiment is a telephone survey comprising 500 people. The survey participants are asked questions on their expectations regarding the US economy...
Note: ForexNEWSandMarketHoursBar and FFNewsUpdater Published You can download and test them. Introduction "Forex NEWS and Market Hours Bar" is an indicator that draw News bars and market session bars in your chart...
Hey traders! Happy New Year! I wish you will all achieve your goals this year :) I certainly will be trying to :) Read more here...
Simple and Profitable Strategy for Trading Breakouts In the following article, I will describe a complete strategy for trading breakouts. This includes: Definition of “Breakout” Examples What Really Happens in a “Breakout”...
Stochastic Oscillator is ideal for divergence traders. Stochastic oscillator shows overbought and oversold conditions. But if you will try to trade overbought and oversold conditions, you will get yourself burned...
Reason for wrong signal: 1.) It is a step trend - higher high occurred in previous days. 2.) Stoch cross over 80 twice - not valid...
You should daily check the Economic News Calendar. Producer Price Index (PPI) is an important economic news release. PPI has the potential to move the market big time if there is deviation between the expected and the actual...
Trend is your friend until it bends. The best trend trading strategy is to catch it from the very start and ride it till it ends means bends. But this is easier said than done. However if you watch these videos that show how to identify a trend beginning and end, you might thank me for that...
In a trade there are 2 important things that you should focus. First is the stop loss and the second is profit target target. Get both of these things correct and you have a winning trade...
MultiSymbol Triple Screen Trading System DEMO Version 1.3 - 2016.12.26 : Fixed the 'possible use of uninitialized variable' error in calculation of the ThCrossMA parameter. Changed fonts for better readability. Enlarged the color readings...
MultiSymbol Triple Screen Trading System Version 1.3 - 2016.12.26 : Fixed the 'possible use of uninitialized variable' error in calculation of the ThCrossMA parameter...
