Time turns trend. - W.D. Gann
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How to Analyze and Trade Ranges with Price Action
The benefits of strong trends can be obvious. Strong trends are one of the many reasons that record-numbers of traders are flocking to the FX Market from other arenas such as stocks, or equity options. When a currency pair like the Australian Dollar goes on a run as it did through 2010 and the first half of 2011, the benefits to traders can be huge. Not only can a massive number of pips be racked up, but in a positive carry trade – traders can also earn rollover just for holding the position. But it is an unfortunate truth that markets will not trend forever. Sometimes this amounts to a little congestion in the ... (full story)
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