Have you had your fill on learning how to trade divergences? Let’s review! Divergence is a popular concept in technical analysis that describes when the price is moving in the opposite direction of a technical indicator. There are two types of divergences: Regular divergenceHidden divergence Each ty
Divergences are used by traders in an attempt to determine if a trend is getting weaker, which may lead to a trend reversal or continuation. Before you head out there and start looking for potential divergences, here are nine cool rules for trading divergences. Learn ’em, memorize ’em (or keep comin
While using divergences is a great tool to have in your trading toolbox, there are times when you might enter too early because you didn’t wait for more confirmation. If you keep entering too early, you’ll keep getting stopped out (you do use stops right?!) and you’ll slowly rack up losses. And you
Now it’s time to put those Jedi divergence mind tricks to work and force the markets to give you some pips! In this lesson, we’ll show you some examples of when there was a divergence between price and oscillator movements. How to Trade a Regular Divergence First up, let’s take a look at regular div
We covered regular divergences in the previous lesson, now let’s discuss what hidden divergences are. What’s a hidden divergence? Divergences not only signal a potential trend reversal but can also be used as a possible sign for a trend continuation (price continues to move in its current direction)
What is a regular divergence? A regular divergence is used as a possible sign for a trend reversal. There are two types of regular divergences: bullish and bearish. Regular Bullish Divergence If the price is making lower lows (LL), but the oscillator is making higher lows (HL), this is considered to
What if there was a low-risk way to sell near the top or buy near the bottom of a trend? What if you were already in a long position and you could know ahead of time the perfect place to exit instead of watching your unrealized gains, a.k.a your potential Aston Martin down payment or future Christia
Partner Center Find a Broker Whattup, forex geeks! If you’ve peeked at your forex calendars, then you’ll know that the U.S. is set to print its CPI data tomorrow at 12:30 pm GMT. Think you’re ready to trade the event? Here are points you need to know first: What the heck is a CPI report? The consume
Partner Center Find a Broker Start your trading week right by prepping for these top-tier catalysts and checking out my potential trade setup. Don’t forget to review which factors drove forex market price action last week, too! Major Economic Events: BOC rate statement (June 9, 2:00 pm GMT) – The Ca
Partner Center Find a Broker Tomorrow at 2:00 pm GMT the Bank of Canada (BOC) will be sharing its monetary policy decisions for the month of June. Planning on trading the event? Not before you read these points! What happened during the previous statement? BOC keeps interest rates unchanged as expec
The standard method of calculating pivot points is NOT the only way to calculate pivot points. Just like listening to BTS is not the only way to listen to K-pop. (Blinks! Annyeonghaseyo!) Traders have worked on improving the original pivot point and now there are other ways to calculate for pivot po
There is one other way to incorporate pivot points into your forex trading strategy, and that’s to use it to gauge market sentiment. What this means is that you can tell whether traders are more inclined to buy or sell the currency pair. All you would need to do is to keep an eye on the pivot point.
Here are some easy-to-memorize tips that will help you to make smart pivot point trading decisions: Pivot points are a technique used by forex traders to help determine potential support and resistance areas. There are four main ways to calculate for pivot points: StandardWoodieCamarillaFibonacci. P
Just like your normal support and resistance levels, pivot point levels won’t hold forever. Using pivot points for range trading will work, but not all the time. In those times that these levels fail to hold, you should have some tools ready in your forex toolbox to take advantage of the situation!
The simplest way to use pivot point levels in your forex trading is to use them just like your regular support and resistance levels. Just like good ole support and resistance, the price will test the levels repeatedly. The more times a currency pair touches a pivot level then reverses, the stronger