Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
Register


Results 1,426 to 1,440 of 1523
Page 96 of 102 FirstFirst ... 46 86 92 93 94 95 96 97 98 99 100 ... LastLast

Thread: Chart of the Day

  1. #1426
    Roberto at DailyFX is offline Moderator
    Join Date
    May 2013
    Posts
    50

    Two Ways to Trade Gold

    Article Summary: Gold continues to consolidate after its $375 decline. Price now offers two ways to trade using a symmetrical triangle pattern.

    Fast moving markets are known to have periods of consolidation after the conclusion of a strong move. Thus is the case with Gold (XAU/USD) seen below after a sharp $375.81 decline.These periods may come in many forms on your chart, but one of the most recognizable patterns of consolidation is the symmetrical triangle. These charting patterns occur when current levels of support and resistance are seen converging on our chart. With this in mind we will further examine the price of gold, and identify two ways to trade symmetrical triangles.


    Learn Forex –Gold Daily Triangle



    (Created using FXCM’s Marketscope 2.0 charts)


    To read the rest of Walker England's article, click HERE!

  2. #1427
    Roberto at DailyFX is offline Moderator
    Join Date
    May 2013
    Posts
    50

    Find Profit Targets for Gold

    Article Summary: Gold has continued its descent after breaking below previous levels of support. With breakout entries triggered, traders eye potential take profit levels.

    Last week we described two ways to trade gold (XAU/USD) using a symmetrical triangle. These patterns of consolidation provide ample trading opportunities for trend , swing , breakout and even range traders alike.These patterns are very popular specifically for their clear entry and profit taking points. Now that gold has broken lower after yesterdays FOMC event, its time to consider potential profit taking points on gold.



    Learn Forex –Gold Daily Triangle


    (Created using FXCM’s Marketscope 2.0 charts)


    To read the rest of Walker England's article, click HERE!

  3. #1428
    Roberto at DailyFX is offline Moderator
    Join Date
    May 2013
    Posts
    50

    Ichimoku’s Day Trading Strategy With The Primary Trend

    Article Summary: The concepts of Ichimoku can be applied across the board on all time frames. Short term traders can take the same rules and apply them to their time frame for holding a trade. However, there are two key aspects you should focus on with short term trading.

    “If you’re going to panic, panic early.”
    -Wall Street Proverb

    Trading short term has many real benefits if you’re comfortable with the seemingly erratic moves. Ichimoku provides a guiding light on trading in the direction of the trend but when you go down to a shorter time frame, a few key aspects of Ichimoku become exceedingly important. Here is a breakdown on what to focus on when trading on a shorter term time-frame like a 5-minute chart or one of its kin. The following points are sure to covered in this article:


    • Trading in the Moment
    • The Tagging Line & Base Line
    • Did You Miss the Initial Blast Off?


    Learn Forex: Short Term USDJPY with Lagging Line Confirmation
    Presented by FXCM’s Marketscope Charts


    To read the rest of Tyler Yell's article, CLICK HERE!

  4. #1429
    Roberto at DailyFX is offline Moderator
    Join Date
    May 2013
    Posts
    50

    3 Tip-Offs That a Sideways Market Is About To Breakout into a Trend

    Article Summary: There are many ways to see when price is getting ready to breakout. While no method or analysis can guarantee what will happen tomorrow, here are three ways to enlighten you as to when a big move can be developing.

    Change is not merely necessary to life – it is life.
    -Alvin Toffler

    Traders who have witnessed a big breakout that turns into a trend want to know how they can get in on the ground floor. While we’ll never be able to know for sure exactly what will happen tomorrow, we can build an edge by noticing common traits of the market preparing for a breakout. Once you’ve understood these tells of a market about to breakout, you’ll be ready for the moves and only have to focus on where you want to exit whether the trade goes in your favor or against you.


    Learn Forex: A Common Price Consolidation Pattern Before a Breakout



    Presented by FXCM’s
    Marketscope Charts

    To read the rest of Tyler Yell's articles, click HERE!

  5. #1430
    Roberto at DailyFX is offline Moderator
    Join Date
    May 2013
    Posts
    50

    RSI Trading Basics

    Article Summary: RSI is one of the most common indicators used for trading Forex. Today we will review RSI and trading tips for trending markets.

    Swing traders look at the Forex market and attempt to buy currency pairs low in order to sell them at a later higher price. While swing trading strategies are popular, they completely rely on market timing. In order to help pinpoint their entries, traders can turn to a technical indicator. Today we will review the basics of the RSI (Relative Strength Index) indicator and how they can be used in conjuncture with a trending market.


    Learn Forex – RSI with Overbought & Oversold Levels



    (Created using FXCM’s Marketscope 2.0 charts)

    To read the rest of Walker England's article, click HERE!

  6. #1431
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    Trading the Bullish Morning Star

    Article Summary:Finding reversals of momentum may prove difficult for Forex traders. Today we will review price action tips using the Bullish Morning Star candle pattern.

    One of the most coveted skills in trading is the ability to identify changes in market trends. While it may seem difficult at first, Forex traders can specifically benefit from identifying reversals through price action analysis and the interpretation of candlestick pattern. Once you have a few of the basic candle patterns memorized you can then begin working them into any active trading strategy. With this idea in mind, we will again focus on recognizing and trading one of the easiest identifiable candle stick patterns, the bullish morning star.


    To read the rest of Walker England's article, click HERE!

  7. #1432
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    EURGBP May Be On Its Way Further Down

    Article Summary: Trading is very similar to a sport playoff match or tournament. It can be a lot more fun when you find the strongest and get on their bandwagon. Currently the GBP looks to be a favorite in the Forex market which presents us with an opportunity.

    “If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.”

    -Jesse Livermore

    Ichimoku is used for a few main proposes for trend traders. The first purpose is to help you easily identify the trend. When price is trading above the cloud, it’s helpful to look for buying opportunities and when price is below the cloud, it’s best to look for selling opportunities so that you’re not fighting the trend.

    Another aspect of Ichimoku is that it can help you identify where a trend may reverse. Trend reversal is a key aspect to studying a market because a trader of any market soon learns that there may be one stock, commodity, or currency that everyone in the market loves one year that may become the most hated the next month when it’s found to be overbought with weakening fundamentals.

    EURGBP can easily be seen through the filter of Ichimoku to present an opportunity with the present trend. The present trend has been GBP strength which would have EURGBP moving to the downside if the trend continues. While there is no attempt to predict the future, Ichimoku can help you identify and follow the trend.

    Learn Forex: The EURGBP Trend is firmly to the downside as per Ichimoku Cloud


    To read the rest of Tyler Yell's article, click HERE

  8. #1433
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    Ichimoku Points to a Strong GBPUSD Set-Up off Cloud Bounce

    Article Summary: GBPUSD has spent much of the month above the Ichimoku Cloud signaling a Bullish Market for the pair.If price action tips its hat at trend continuation then here are the levels you can focus on to trade.

    “If you trade Countertrend, you are gambling, and although you will often win and have fun, the math is against you, and you will slowly but surely go broke. Countertrend setups in strong trends almost always fail and become great With Trend setups..."
    -Al Brooks, Trading Price Action Bar By Bar

    Trading against the trend can be profitable. In fact, there are times when you catch a counter trend move that so big that you think you’re smarter than the market and that this is where the money is to be found. However, in the long run trading against the trend is often a losing game.

    There Are Opportunities against the Trend, but Leave Them Alone

    Ichimoku is a trading indicator that helps you see opportunities with the overall trend. That doesn’t mean that you won’t have losing trades and that doesn’t mean that Ichimoku guarantees profitability. It does mean though, that Ichimoku allows you to see counter trend trades as an opportunity for you to enter with the trend at a good price but not as a way to make a quick buck against the overall trend which has all the momentum. In other words, counter trend trading does offer opportunity but it should be seen as not worth the downside risks that come with it like the assumed trend resumption.

    The Story of Speculative Sentiment Index

    The Speculative Sentiment Index or SSI helps you see in a snapshot the number of traders who are trying to trade against the trend. Over the years, I’ve come to the conclusion that the majority of traders against the trend are often trading on hope rather than price action. The SSI tool shows you FXCM's trading book or what our clients are trading so that at a glance, you can see where traders are in the market and if there are large numbers of buyers or sellers and whether they are exiting or entering.

    Learn Forex: Price Drops as Counter Trend Traders Get Hurt


    To read the rest of Tyler Yell's article, click HERE!

  9. #1434
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    3 Easy Triangle Patterns Every Forex Trader Should Know

    Article Summary: With so many currencies to choose from, triangle patterns can help forex traders quickly identify a pair to trade. This article will show you how to use triangles to find a trade setup.

    Recognizing chart price patterns is an important aspect of technical analysis that Forex traders should master. These patterns act like a highlighter on the chart showing a potential trade. The triangle pattern is one of the most popular price patterns in Forex because it is easy to recognize, has a good risk to reward setup, and provides clear and concrete price objectives.

    Symmetrical, ascending, and descending are the the three types of triangle patterns we will explore today as well as a strategy on how to trade them.

    Learn Forex: Symmetrical triangle in a downtrend

    (Created using FXCM’s Marketscope 2.0 charts)


    To read the rest of Gregory McLeod's article, click HERE!

  10. #1435
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    Trading Forex Long Wicked Candles

    Article Summary: Forex long wick candles are great reversal trading patterns. This article will show you how to employ a solid risk reward strategy to trade these price extremes.

    We are going to look at a popular forex trading bar pattern which easily shows this extreme in sentiment which can be used to find low risk, high probability setups.

    Learn Forex: Candlesticks


    To read the rest of Gregory McLeod's article, click HERE!

  11. #1436
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    What Happens When A Range Ends?

    Range traders enjoy taking advantage of sideways moving markets as price toggles between key levels of support and resistance. However, what happens when a range comes to an end? Today we will review how to take advantage of range breakouts.

    • Identifying Breakouts
    • Setting Breakout Orders
    • Managing Risk / Profits

    Below we can see the current see today’s breakout of the NZDUSD. Before today’s price action, the NZDUSD was trading between resistance at 8162 and support at .7682. As of this week’s trading open, price has moved outside of our noted value of resistance. This move denotes a price breakout, and on these instances previous resistance will become new support. From this point traders can begin looking for new trading opportunities.So now that we have learned how to identify a breakout, let’s discuss a trading plan to take advantage of the move.

    Learn Forex – NZDUSD Range Breakout



    To read the rest of Walker England's article, click HERE!

  12. #1437
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    How to Know the Difference Between a Forex Pennant and a Forex Triangle?

    - A pennant has to have less than thirty price candles. Over thirty and the pattern is considered a triangle.

    - A pennant has to be preceded by a strong steep up move or down move that resembles a flagpole. No flagpole, then it's a triangle and not a pennant

    - Pennants are continuation patterns that usually breakout in the direction of the previous trend that started

    -Pennant follow the forex bull flag and forex bear flag rules.

    Shapes are not just for geometry class anymore! Do you remember asking your teacher in school, “How am I going to use this geometry stuff in the real world?” Well you will get the answer as we take look at another popular forex price pattern, the pennant. You will learn how to correctly identify the pattern and how to set stops and limits in both a bullish and bearish scenarios.

    Pennants are continuation patterns that resemble its “cousin” the forex triangle pattern. They are both constructed of lower highs bound by a downward sloping resistance trend line and higher lows bound by a rising uptrend line.

    The two trend lines converge at a point called the apex. At first glance, that sounds like the exact description of a triangle. However, here are some additional features that differentiate the forex pennant from the forex triangle.

    Learn Forex: Bullish Euro Pennant with Money Management

    (Created using FXCM’s Marketscope 2.0 charts)


    To read the rest of Gregory McLeod's article, click HERE!

  13. #1438
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    How to Spot the Polarity Point on Charts to Effectively Trade Trends

    Talking Points:


    • Clearly Defining Trend Progression
    • Understand The Role Of Support & Resistance In A Trend
    • Identify Trend Progression
    • Entering Near New-Found Support


    In the simplest form, a trend is defined as a direction in price. When price has declared a clear direction higher shown by higher highs and higher lows then you can simply look to buy at a favorable price and if the price continues higher, you will see a profit. If the trend losses its direction and moves sideways, the market is said to be “trendless” or moving in a range.

    The way to identify whether a trend is progressing is if price is moving through prior highs also known as resistance. If a trend is moving down, known as a downtrend, then price is consistently moving through the price floors known as support. Resistance is the opposite of support and in an uptrend when price moves near support but does not break that support, then you’re likely near a good place to buy.

    Learn Forex: Support & Resistance in an Uptrend

    Presented by FXCM’s Marketscope Charts


    To read the rest of Tyler Yell's article, click HERE!

  14. #1439
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    A Basic Breakout Strategy For Forex

    Talking Points:

    • Forex tips for finding support and resistance levels.
    • Learn to enter Forex breakouts using Donchian Channels.
    • Complete a breakout trading plan with stop orders.


    The Forex market is known for its strong trends, which can make trading a breakout strategy an effective approach to the markets. Normally the first step of any breakout strategy is to identify the key levels of support and resistance for a currency pair. Today we are going to review using Donchian Channels for just that purpose, while complete a trading setup on the GBPUSD.

    Let’s get started!

    Learn Forex – GBPUSD Price Channels

    (Created using FXCM’s Marketscope 2.0 charts)



    To read the rest of Walker England's article, click HERE!

  15. #1440
    Robert at DailyFX is offline Moderator
    Join Date
    Aug 2013
    Posts
    386

    How to Trade Indicator Divergence

    Talking Points


    • Oscillator divergence can be used to identify Forex reversals.
    • Traders will look for indicators to separate from price to pinpoint diverging markets.
    • Traders can take advantage of divergence, by using a variety of trend based strategies.


    Many traders look at oscillators such as RSI, CCI and Stochastics for their overbought and oversold levels. While using these levels can be helpful to traders for pinpointing entries, there is another way to use oscillators that is often overlooked. Divergence is a potent tool that is embedded inside of oscillators that can be used to spot potential market reversals by comparing an indicator with market direction.

    Let’s take a look at how divergence works, using the AUDUSD Daily graph seen below.

    Learn Forex – AUDUSD Daily Trends




    To read the rest of Walker England's article, click HERE!

Page 96 of 102 FirstFirst ... 46 86 92 93 94 95 96 97 98 99 100 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.