Latest Trader Channel Posts
Latest Posts
Trading As A Career
Hassan Osman of the Traders & Investors Club has already embarked upon this journey and will be sharing his experience with those of us who are thinking about becoming full-time traders.
Hassan will be discussing why we do what we do, the fear of the unknown, how to initiate your new career, how to get the necessary education and ski
Market Roundup - 19th April 2011
This evening, we examine these questions and look at ways that we as traders and investors can protect and grow our portfolios in these 'exciting' times. We are now in uncharted territory; could this actually be a once-in-a-lifetime trading opportunity?
Once per month EUR/USD has an ID/NR4 day - as yesterday
On Friday EUR/USD had an ID/NR4 day. An inside day (ID) has a higher low than the previous day's low and a lower high than the previous day's high. An NR4 is a trading day with the narrowest daily range of the last four days. Historic data shows that in the last 24 months it has occurred 30 times with the EUR/USD pair (on average 1.25 times per month).
Short CAD
As of 23 Apr 2011 on the daily chart USD/CAD has completed a triple divergence: MACD lines, MACD histogram and Stochastics. On Thursday 21 April, we had also a “rejection tail bar” on the daily chart, very often a messenger for a price reversal.