Spot Forex Trading – Parallel and Inverse Analysis

Very few spot forex traders conduct any form of parallel and inverse analysis of the major currency pairs an exotic currency pairs to determine the best way to trade the forex market on a day-to-day basis.  Forex traders do this in spite of the fact that it would be nearly impossible to trade the forex ...

Technicals and Price Action Agree, EUR/USD Going Down Today

Price action on the daily chart is close to the mental barrier of 1.5000 and each of the four technical indicators is rather high above it’s centerline for the daily chart.

EUR/USD Oversold, Buy on a Downward Spike, Lock in Profit and Ride up as Far as you Dare

All four technical indicators, Bollinger Bands, Full Stochastics, StochRSI and RSI don’t seem to have anything in store for the 18th trading day on the one day charts. Price action on the one day charts seems to suggest a upward movement that many fundamental traders agree with. One day technicals though, want a range bound ...

Weekly Trading Lesson: Bollinger Bands

One of the more popular technical indicators in use today is Bollinger Bands. Created by John Bollinger in the early 1980s, this tool is essentially a Moving Average with a volatility filter. Volatility can be of great value in an indicator for those times when the market is swinging wildly…