I'm going to show you two approaches of using COT reports, one is to find the answer of the question:Which of these groups are most likely to be correct? and the other is to find market extremes as I mentioned in the previous part. So follow the entire article and we have got great resource for your trading journey. Read more »
How to Build a Case for Trading Forex
Many traders have got some problems on how to use multiple time-frames in their technical analysis. It’s very important to analyze the market from bigger time-frames and at last reach the smaller time-frame that we are more familiar with it. Using monthly and weekly charts is the only way to determine the overall trend and then try to find best setups in daily, H4, H1 or any smaller time-frames to follow the trend. Read more »
COT Reports, Part 1
We have discussed about how sentiment and emotions works in the financial speculations before, but there is a concern here and it’s about how this sentiment can be changed? Absolutely you know that Forex trends won’t continue forever, so sentiment of the participants must change not to see a trending market forever. With a simple mathematical process in the Commercials and Non-Commercials numbers in the picture above we can find that strange thing in the market very easily. Read more »
Add This New Indicator, Magazine Covers
I’m about to write about our first tool of finding sentiment in the market and it is “Magazine Covers” As you know, magazines such as The Economist, BusinessWeek, Forbes, Wall street Journal, New York Times are very popular and most of professional traders say that these are must-reads. Read more »
The Myth of Economic Indicators
“Herding behavior rules in the financial speculation and I proved that emotions are the reason of such behavior” I’m going to use some information that is provided in the book “Sentiment in the Forex market, by Jamie Saettele” Read more »
What is Sentiment in The Forex Market
All of us know this fact that “If you want to trade successfully in the Forex market you need to have a plan”. I want to say that a successful plan is not as simple as buying and selling when an indicator goes oversold or overbought. Read more »
Choosing A Forex Broker
You have traded stocks, or commodities before and you are ready to start trading again. You have read about Forex trading and decided this is the next market you want to conquer. Or, you have never traded before but read that Forex trading can be very profitable. Whether you're experienced, or a novice, there is a common question between the two groups: How do you find a Forex broker? Read more »
Weekly outlook for GBPUSD
Bullish trend is still looking strong on weekly time frame, since there is a confirmed weekly trendline break. A break of trendline that has been confirmed by the price retest. Read more »
Forex Strategies – Why You Will Often Need More Than One Winning Strategy
Any aspiring forex trader will tell you how easy it is to become complacent once you find that elusive trading strategy that is able to generate profits on a consistent basis. However this can lead to problems due to the fact that just because a particular trading method is profitable today, does not mean it will be profitable in the years to come. Read more »
A Clear Resistance on the EUR/USD
I am bullish on the EUR/USD but the fact is it is having a hard time crossing the 1.40 Read more »