Triangles
Links:
http://www.babypips.com/school/triangles.html
http://www.forex-fx-4x.com/eurusd-tr...reakout-26711/
Links:
http://www.babypips.com/school/triangles.html
http://www.forex-fx-4x.com/eurusd-tr...reakout-26711/
Which makes a symmetrical triangle is that the rises and drops become shorter and shorter, thus forming a sort of triangle. The currency price start with large rises and drops, and converges into a point, that is also the tip of the triangle. After the tip of the triangle is formed, the Forex trading trend that preceded the symmetrical triangle is continued. This is why it is called a Forex trading continuation pattern. If you draw two lines on the edges of the rapid rises and drops, they will form a symmetrical triangle with the same sides, which is also names am Isosceles.
http://www.forexfloor.com/symmetrical-triangles.html
AAA/BBB x CCC/AAA = CCC/BBB
Chance of triangular arbitrage occurs whenever this equation goes wrong. A triangle arbitrator buys BBB spending AAA, then buys CCC spending BBB and lastly returns to AAA selling CCC, capturing a small profit. The chance of profit is maximized by utilizing margin from brokers and trading with higher amounts.Disliked...Care to expand further on the Carry Trade concept - e.g. anything you're currently playing around with?...Ignored
DislikedEURJPY, H1, 2011 July 29
EURJPY, H4, 2011 July 29
Long @ 110.94
H1: H1 Stoch/MACD Divergence with a Stochastic Cross, downrunning -DI-Line by ascending ADX-value.
H4: Stochastic Divergence, CCI-Divergence, CCI Low, +DI Low, ADX High, RSI Divergence
Note
Set Stop Loss or Hedging Position 10 points below the lowest indifferent candle (~110.48).Ignored