Traders familiar with candlestick patterns would know that the engulfing bars are perhaps one of the most strongest of candlestick patterns. Besides, they are also visually easy to spot. The engulfing bars usually represent short term bullish or bearishness in the pair. Trading these patterns by themselves, while might not give consistent results, using these […]
The narrow range bar or NR bar for short is a popular trading strategy that offers fixed stops and target levels. It can be used across any chart interval and the strategy in itself is built on solid principles. Learn how to trade the NR Bar Strategy
After yesterday’s ECB decision to venture into negative deposit rate territory; which now the mainstream media terms it as ‘Historic‘ there have been many articles cropping up about how the ECB’s negative deposit rate will affect the retail consumers.
The weekly Heiken Ashi high low (pivot) trading strategy is a simple trading method that makes use of only the weekly time frame. Besides the Heiken Ashi candles, the other indicators used are the high/low pivot points. The trading strategy is easy to use but takes a lot of time both for waiting for a […]
In our previous articles on chart patterns, we covered the Head and Shoulders pattern, the flags pattern (bullish and bearish flags). In this article, we explain the ascending and descending triangle chart patterns. These patterns work on the basis of breakouts. A break out is defined as price trading in a range and consolidating. When […]
During the overnight trading session, the RBNZ hiked the Kiwi interest rates as expected by 25 bps, bringing the Kiwi interest rates to 3.5%. Since March this year, the RBNZ has hiked rates by a total of 75bps in an effort to tighten monetary policy while making it the first central bank among the developed […]
Geo political risks are back to the forefront after a Malaysian Airlines passenger flight MH17 was shot down in the Ukraine-Russian bordering region of Donetsk killing 290 people including crew and passengers on board. The knee-jerk initial market reaction was however muted through the rest of the trading day in the North American session, while […]
The much anticipated congressional testimony of Fed chair, Janet Yellen was underway yesterday. Defending the Fed’s loose monetary policy, Yellen stayed on track noting that the Fed’s policy will continue to remain accomodative until hiring and wage data improved. Despite the continuous improvement in the jobs growth, Yellen said that recovery is still way off […]
After yesterday’s ECB decision to venture into negative deposit rate territory; which now the mainstream media terms it as ‘Historic‘ there have been many articles cropping up about how the ECB’s negative deposit rate will affect the retail consumers.
The much talked about European Banking Union proposals has been making news on and off. For a complex set up such as the European Union which is comprised of various sovereign countries, in this article we explain the basics of the European Banking Union, the purpose of setting up the banking union and its far […]
The financial markets have built us a system wherein society, including governments thrive on debt. The simple premise being that the more you borrow to spend, the brighter the chances for an improving economy. Old-school thinking on the contrary is of the opinion that economic growth does not necessarily have to be based on debt […]
The awesome oscillator was developed by Bill Williams, part of his series of ‘Chaos Theory‘. Bill Williams went on to develop various indicators as part of this ’5-market dimensions‘. Some of the other well known indicators from Bill Williams include the Williams Fractal, Alligator, Awesome Oscillator. The Awesome oscillator is commonly found on many charting […]
Standard deviation channel is also alternatively referred to as the Linear Regression channel. In the course of this article, we will use both the words as they mean the same. As the name implies, the Standard deviation is a channel with an upper and lower range which are placed ‘x’ standard deviations away. The Standard […]
The Money Flow Index, or MFI for short is a momentum based oscillator that was created Gene Quong and Avrum Soudack. The purpose of MFI was to measure the strength of institutional money flowing in and out of the security/instrument. It is quite similar to the RSI (Relative Strength Index) but differs in the fact […]
Renko charts, as written in our previous article is purely based on price action and is independent of time. Due to the nature of renko bricks, it is therefore easier to use various charting analysis such as trend lines, chart patterns, support & resistance. Unfortunately, most trading strategies based on Renko tend to focus on […]
Traders familiar with candlestick patterns would know that the engulfing bars are perhaps one of the most strongest of candlestick patterns. Besides, they are also visually easy to spot. The engulfing bars usually represent short term bullish or bearishness in the pair. Trading these patterns by themselves, while might not give consistent results, using these […]
The narrow range bar or NR bar for short is a popular trading strategy that offers fixed stops and target levels. It can be used across any chart interval and the strategy in itself is built on solid principles. Learn how to trade the NR Bar Strategy
Let us start with a completely different scenario. All cars do the same thing; they provide a sit-down environment, they allow you to be on the road and take you from A to B with the assistance of your effort to drive it. The same applies to Forex brokers. They all do exactly the same […]
Line charts are a form of chart type that takes into consideration the closing price for a particular period of time. It is the simplest form of plotting price on a chart and works in any markets. Perhaps the biggest advantage of using line charts is that this chart type works in any market, regardless […]
Renko Charts is a type of charting concept that was developed by the Japanese. Renko (or Renga) is the Japanese word for Brick and aptly reflects the nature of the Renko charts. Renko charts are constructed by plotting price movements as bricks of a certain size. Unlike its close cousin, the Bar Chart or Candlestick […]
For traders who make use of a mechanical trading system, getting alerts at important technical events can determine the difference between staying glued to their computer screens to having time away from the screens yet being in control. MarketInOut is one such tremendously useful technical screening tool that enables traders to not just set alerts […]
Forex Copier is a handy tool for traders who want to duplicate their trades across different MT4 accounts. It is broker independent and also works on both demo and real accounts. In other words, you can use Forex Copier to duplicate trades from an MT4 Real Account with Forex Broker ‘A’ and copy the trades […]
The Currenex trading platform is an Electronic Communication Network (ECN) platform that provides level II pricing to forex traders. Developed by Currenex, there are two versions of the Currenex trading platform. The first is an institutional FX trading platform known as Currenex Classic. This platform was built for the exclusive use of the institutional players […]
Easy trading strategies with Renko Charts
Renko charts, as written in our previous article is purely based on price action and is independent of time. Due to the nature of renko bricks, it is therefore easier to use various charting analysis such as trend lines, chart patterns, support & resistance. Unfortunately, most trading strategies based on Renko tend to focus on […]
Engulfing Bar at Pivots – Trading Strategy
Traders familiar with candlestick patterns would know that the engulfing bars are perhaps one of the most strongest of candlestick patterns. Besides, they are also visually easy to spot. The engulfing bars usually represent short term bullish or bearishness in the pair. Trading these patterns by themselves, while might not give consistent results, using these […]
Narrow Range Bar Trading Strategy
The narrow range bar or NR bar for short is a popular trading strategy that offers fixed stops and target levels. It can be used across any chart interval and the strategy in itself is built on solid principles. Learn how to trade the NR Bar Strategy
