The Calculated Mover: EURGBP
The EURGBP has dipped nearly 19% from its 2008 highs. As the pair declines to fresh lows in a channel, trend traders look to calculate fresh entries.
The EURGBP has dipped nearly 19% from its 2008 highs. As the pair declines to fresh lows in a channel, trend traders look to calculate fresh entries.
From time to time traders will ask me to share a strategy that I personally use in my trading. This article will focus on a strategy that I have put to good use over the years.
One of the biggest roadblocks that traders must overcome is self-imposed: their lack of patience. They see a trade setting up, it is not at all complete but they simply cannot wait to enter that trade. Exercising patience and waiting for the entry signal to actually present itself can result in higher probability entries.
Most traders in the FX Market focus on only a few of the pairings available to them. In this series, we're taking a closer look at these pairs, and how traders might be able to best approach them.
The AUDJPY continues to trend lower after a 391 pip decline from May 2nd. Looking for direction for the remainder of the week, we will use our market blocks to spot the current best and worst trending pairs.
Most traders in the FX Market focus on only a few of the pairings available to them. In this series, we're taking a closer look at these pairs, and how traders might be able to best approach them.
Gold has failed to make a higher high or lower low since September 2011. As the market consolidates in a triangle pattern, traders prepare to create fresh buy entries near support.
The EURCHF has been supported by the SNB at a value of 1.2000 throughout 2012. As volatility dies, traders are left to wonder how to approach this traditionally active pair.
Most traders in the FX Market focus on only a few of the pairings available to them. In this series, we're taking a closer look at these pairs, and how traders might be able to best approach them.
Actively managing stops is just as important as entry execution. As the NZDUSD continues to trend lower, traders are left with a decision regarding open positions.