News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/iE8mGqZtLX
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.17% Gold: -0.11% Silver: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/le5P0D0CaR
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.31% 🇯🇵JPY: 0.09% 🇬🇧GBP: 0.06% 🇪🇺EUR: 0.03% 🇨🇭CHF: 0.03% 🇨🇦CAD: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tEzSWPH3NA
  • Tencent Holdings (700 HK) slumped over 9% amid fears about regulatory risks over the gaming sector. Chinese state media published an article on Tuesday citing online games as "opium" to teenagers, spurring concerns about Tencent's future. https://t.co/4uFjwKh3kC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.81%, while traders in France 40 are at opposite extremes with 79.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aKwIeXVnVk
  • 🇦🇺 Investment Lending for Homes (JUN) Actual: 0.7% Previous: 13.3% https://www.dailyfx.com/economic-calendar#2021-08-03
  • 🇦🇺 Home Loans MoM (JUN) Actual: -2.5% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-08-03
  • 🇦🇺 Building Permits MoM Prel (JUN) Actual: -6.7% Expected: -4.5% Previous: -7.1% https://www.dailyfx.com/economic-calendar#2021-08-03
  • Heads Up:🇦🇺 Building Permits MoM Prel (JUN) due at 01:30 GMT (15min) Expected: -4.5% Previous: -7.1% https://www.dailyfx.com/economic-calendar#2021-08-03
  • Heads Up:🇦🇺 Home Loans MoM (JUN) due at 01:30 GMT (15min) Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-08-03
High Probability Breakout Trading in Forex 2.6

High Probability Breakout Trading in Forex 2.6

Jeremy Wagner, CEWA-M, Head of Education

Summary:One forex trading tip is using divergence coupled with the Donchian Channels to enter into a trend. This is a video version of “How to Keep from Chasing Extended Trends” with a practical application of the methods using forex cross pairs, namely the CADCHF, GBPCAD, and EURAUD as examples.

Head Trading Instructor Jeremy Wagner discusses:

*Using a bias on a market to implement a breakout strategy on

*How to use the Relative Strength Index (RSI) and the Donchian Channel Indicator to identify when a trend has corrected deep enough

*How to use the Donchian Channel Indicator to identify entry and exit points of a trade

Additionally, half way through the video I walk through how to download the Donchian Channel Indicator to the FXCM Marketscope charts.

Best of luck trading!

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX Education

Follow me on Twitter at @JWagnerFXTrader.To be added to Jeremy’s e-mail distribution list, click HERE and enter in your email information.

To learn more about trading with the RSI, enroll for this free RSI course. Register HERE for the 20 minute RSI course.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES