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  • Candlestick 8:00 pm on September 30, 2016 Permalink | Reply
    Tags: currency trading, False breaks candlestick trading   

    False breaks candlestick trading 

    False breaks candlestick trading

    False breaks or breakouts are a common reason for losses.

    However, if a trader is careful enough, he or she can easily avoid such losses.

    A false break is when the market prices breaks through a support or a resistance level

    but the prices fails to continue with the trend beyond the break through of the support

    or resistance levels; rather choosing to reverse back. In most cases, if the market prices moves

    back into the support and resistance range, the trader should place an order in the direction of the reversal.

    If a trader places a trade due to a break of a support or resistance level, and detects any reversal signs

    like the formation of a hammer, the trader should close his or her orders immediately.

    Failure to close the orders will result to losses.


    Time to  tradecandlestick trading

    • Candlestick 8:00 pm on September 29, 2016 Permalink | Reply
      Tags: duluth trading co, Time to trade candlestick trading   

      Time to tradecandlestick trading 

      Time to trade candlestick trading

      There is nothing as easy as candlestick trading.
      Candlestick charts are easy to interpret; making it
      easy even for the forex beginners to trade using
      them. In the candlestick chart, the trader is at
      liberty to customize the chart whenever he or she
      feels the need to do so. The trader can change the
      size of the candlesticks, the color of the bear and
      bull candlesticks, the color of the background of
      the candlestick chart as well as adding indicators
      on the chart depending on the forex broker that the
      trader has opened an account with. Also, the trader
      can choose to use any timeframe of his or her

      If a trader chooses to use candlestick trading, he
      or she is not limited to trade in a specific time.
      The candlesticks formation is dynamic and forms
      according to how the market prices are changing with
      time. The trader can comfortably use candlestick
      trading at any time of the day.


      Detecting the right candlestick signals


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