Friday, March 18, 2016
Markets have a few distinctive states that they fall into and stay till other state develops. One of the most popular ones is a range. Traders take advantage of that by trading support and resistance in a range. One of the best patterns in a range is a narrowing range. It may come in the form of a triangle or a rectangle. It will always end in a strong move. One can use it to make nice cash by simply placing buy stop orders above the most recent high and a sell stop below the most recent low.
The example below of eur/usd pair clearly shows that. You may see how the pair went into a range mode after a strong move and in a period of three days stayed in a range. A catalyst for the breakout upwards occurred this Wednesday when FED came out with interest rate decision. US dollar collapsed across the board. The rally netted around 200 pips and the amount may increase if the pair keeps on rising the last day of the week.
Remember, narrowing range is a good opportunity to take breakout trades and make a lot of pips as a result.If you want to trade patterns like these I recommend opening anaccount with Etoro and start trading. Good luck.
Wednesday, August 26, 2015
As I wrote in my SignalTrader Review, this is one of the best services in the Forex industry that provides automated Forex (commodities, indexes) signals. In this post I just want to look through the best systems that they offer.
They have put all best performing ones on their front page and you can analyze each one of them by clicking you mouse any spot on a specific strategy.
For example, I click on SignalWave and a new more detailed window describing the system appears.
You can see what the profit is, start date, initial balance, markets the strategy trades, way of trading (robotic), trading frequency, Trading type (technical and fundamental) trading style (intraday and swing) and the instrument. You also can find full description of the strategy on the right.
So, you can click on any system you want to look through and see how it works.
If you want to follow any of the strategy, just follow the steps:
STARTUSING SIGNAL TRADER NOW