Looking at the graphs and the trend of price movements in the past gives you a very good overview to predict the price move in future.Although it looks pretty trivial, it does help you get profitably. Once you understand the price trends, you can identify the best time to buy the currency pair.It is best […]
The bat pattern is a 5-point correction structure developed by Scott Carney in 2001. This template has specific Fibonacci measurements for each point in its structure. It’s important to note that D is not a point, but an area in which the price trend is likely to be reversed (PRZ). PRZ containing 3 coordinate levels of […]
Forex trading is very exciting. The market is on the move, and the smallest movement in the currency can mean a lot of profits and losses! Let me explain this further. 8 of most traded currencies in the Forex market are as follow: United States Dollar […]
The SSI index compares the number of accounts in buy trades vs sell trades for each major currency. It releases twice daily. Each account is counted once, regardless of trade size. The SSI index gives us a single number, positive or negative as the price sentiment. A positive value means there are more buyers than […]
Gap traders believe that in currency trading the pair tries to fill the gap. I will update this one if it happens to be true. Yes, GAP trading works. I even checked GAP trading again between 20th and 24th of May for 10 pairs.So let’s check to see if GAP trading worked this time?On Monday […]
پارسی “Doubles up” is very common amongst the people who bet especially in casinos. Imagine when a trader does his or her analysis but price moves in opposite direction If the trader is confident enough that this is only a short-term move and price will go back as the analysis he or she may double the current position […]
