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- Book Review : Momo Traders
For many of us, the elusive world of Day Trading remains much of a mystery. Some prefer to steer ...
USD/JPY: a larger inside pin bar today still contained within last Wednesday’s mother candle range. With this candle’s wick re-testing 124.00 resistance and failing, the chance of a downside breakout is even higher now. We will look at a possible ...
- Trading Journal Review - Edgewonk
A SOLID REVIEW FOR A SOLID PRODUCT! In order to properly explain our view of the importance and ...
► EUR/USD: another weak day for the dollar and therefore a strong show in this pair. The 50 sma was pierced and now price is likely to test 1.1030 resistance. With FOMC styatement coming up tomorrow we recommend taking some money off the table at ...
The risk reward ratio is a very controversial trading topic and while some traders claim that the risk reward ratio is totally useless, others believe it is the Holy Grail in trading. In the following article we shed light on how to use the risk ...
► EUR/USD: today the Euro ends in a spinning top doji at dynamic support of the lower Bollinger band. We may see a retracement tomorrow but we remain STTS Short from last week looking for recent low to be re-tested. Technical Recommendation: We are ...
A second attempt at the level produced the same outcome in early April as the pair fell 150 pips and eventually found refuge at .7225. A look at the 4 hour chart over the past month tells the story. We have a potential double top between March and ...
“You don’t need to know what will happen next in order to make money in forex”. How can that statement be true? You need to pick a direction don’t you? So you need to have some idea of what you think might happen next, otherwise why would you put ...