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Why Being Slow is Good For Traders ?

Why Being Slow is Good For Traders ?

I have been actively trading forex for many years and would consider myself an aggressive trader. I can’t use the 4 hour and 1 day chart. Even 1 hour is too long for me. Normally my time frame would be only m1, m5 and m15 only. Being an impatient trader, I would normally find something…

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How to Read Candlestick Charts

How to Read Candlestick Charts

Candle stick has been a part of technical analysis for a long period of time. The usage of candle stick trading has been traced way back to 1750’s. The pioneer of candle stick trading is none other than Munehisa Homna. Homna is often referred as “The father of The Japanese Candlestick Charting” dominated the Osaka…

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Sample of price confusion via news of strategist

Sample of price confusion via news of strategist

The diagram below shows a news released by Senior Technical Strategist of a reputable brokerage company. It says COT reports shows Yen Speculators Pile on Short Positions on the 17th of September. The Commitments of Traders is a report issued by the Commodity Futures Trading Commission enumerating the holdings of participants in various futures markets. Thus…

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Mini Holiday

Mini Holiday

I would be going on a mini holiday. I would not be able to be connected online as frequent as I like as the internet facilities are poor. Market updates will resume on the 18th Jan 2013. Have a great holiday everybody…

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