It was only after I embraced market cycles that I truly began to understand what to do with all the “lines and levels” I had learned to draw on my charts. Raghee’s Horner explains how to become a successful momentum trader.
Forex traders are uniquely positioned to take advantage of movement across multiple markets…
The U.S. Dollar’s bounce from 74.48 has been holding since the 22nd. Seven days later we’re seeing some weakness in this rally.
I had a quick talk about holiday trading with a fellow trader this morning.
It’s not unusual to get mixed signals as prices rise to significant highs or lows.
Maybe it’s Tryptophan, Turkey, and Thanksgiving but the markets are already acting like they’ve feasted on the big meal…
Picking tops and bottoms has always been a risky way to trade…it’s a low percentage loser’s game.
Talk is cheap but in this case, all the bullish talk about the U.S. Dollar has formed a neat term support level at the 75.00 psychological level.
The sell off in the U.S. Dollar can’t come as a complete surprise to traders.
The 2.000 hurdle was a huge psychological level for the GBP/USD and now that support has been tested at 2.0800 and 2.0780.