Monthly: Since posting large net losses in September 2017 (-395 pips), the cross has moved sideways. We can note spikes for the last 10 months highlighting indecision. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. A large wedge formation offers a long-term bearish bias. [shortcode-variables...

2018-08-09 Ian Coleman Read more
Donchian channel strategy_3005

In last week's article, we covered the basics of using the Donchian channel and a rather simple strategy in determining and trading breakouts with the indicator. In this week's article, we make use of the Donchian channel indicator and show you a rather simple way to enter a trend. This trading strategy can help you to not only enter the trend ...

2017-05-30 John Benjamin Read more
Identify trend_forex_2704

In the previous article, we looked at how traders can ignore the moving average and instead focus on just the Average Directional Index (ADX) and the Moving Average Convergence and Divergence (MACD) indicators to determine the trend strength. Before reading this article, it is ideal to refer to the first part of this series to gain insight and ...

2017-04-27 John Benjamin Read more
Identify trend_2604-1

Technical indicators are often used by traders for a number of reasons, but primarily to detect the changes in the markets. Technical indicators are relied upon for signs of any change in direction, or the momentum in the price of the underlying security as well as volatility in the markets. Among the different types of indicators and the varia...

2017-04-26 John Benjamin Read more
pullback strategy

The trend is your friend is perhaps one of the most overused clichés in trading. Yet, despite its simplicity, traders often flock to other means of trading strategies or set ups. If you are familiar with trend trading and have dabbled with trading the pullbacks, then this article is just for you. Here, we discuss the two-legged corrections or a...

2016-11-08 John Benjamin Read more
Stochastics_Trading strategy

Making Decisions With Indicators Of the vast array of technical indicators available there a few classic indicators that form the bedrock of many profitable trading strategies and can be used successfully by retail traders to make informed trading decisions. The key when using technical indicators is to have a proper understanding of what each...

2018-07-03 James Harte Read more