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A German In Las Vegas
Thu, 12/01/2012 - 11:41
Hans, a middle-aged German tourist on his first visit to Las Vegas, finds the red light district and enters a large brothel. The madam asks him to be seated and sends over a young lady to entertain him.
They sit and talk, frolic a little, giggle a bit, drink a bit, and she sits on his lap.
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Once per month EUR/USD has an ID/NR4 day - as yesterday
On Friday EUR/USD had an ID/NR4 day. An inside day (ID) has a higher low than the previous day's low and a lower high than the previous day's high. An NR4 is a trading day with the narrowest daily range of the last four days. Historic data shows that in the last 24 months it has occurred 30 times with the EUR/USD pair (on average 1.25 times per month).
Short CAD
As of 23 Apr 2011 on the daily chart USD/CAD has completed a triple divergence: MACD lines, MACD histogram and Stochastics. On Thursday 21 April, we had also a “rejection tail bar” on the daily chart, very often a messenger for a price reversal.
Technicals for 1,000 plus pip moves
I had a conversation this week with a colleague (thank you Shyam!) about Technical Analysis versus fundamentals. We debated whether Technical Analysis is more appropriate for short-term trades whereas fundamentals trump the longer term view.
Using Fibonacci (Part 2) - Finding Accurate Levels
In the last section, we looked the theory behind the Fibonacci percentages. Part 2 will look at how these Fib percentages can be applied to your trading.
Fibonacci can be applied in many ways when trading, but the two key approaches we are going to study in this section are Retracements and Extensions.
What is a retracement?
Using Fibonacci (Part 1)
Catching A Falling Knife - Intraday FX Trading
I’m a one-trick pony. After several years of trading stocks on both the US and UK exchanges and an often turbulent, but affectionate, romance with options trading, I have come home to the instrument that best suits my trading style.