While traders have used line, bar and candlestick charts to gain better insights into price action, another type of chart could be even better. Renko charts can give traders a purer view of price action free of the dimension of time to easily identify trends.
A trading range is like a battlefield and when resistance breaks and becomes support you now know who’s winning the war and can enter a trade.
A trading range is like a battlefield and when resistance breaks and becomes support you now know who’s winning the war and can enter a trade.
One of the trader’s worst enemies could potentially become the bane of the United States economy.
One of the trader’s worst enemies could potentially become the bane of the United States economy.
Many traders are comfortable with picking where to enter their trades, but do not have a concrete exit strategy. In this article, we discuss how to setup exits in a logical and effective way.
Many traders are comfortable with picking where to enter their trades, but do not have a concrete exit strategy. In this article, we discuss how to setup exits in a logical and effective way.
We have all heard that the “trend is your friend”. However, for some traders, the trend has been more of an enemy than the proverbial friend. Stochastics can help you become “friends” with the trend by showing you when to get into a trade.
We have all heard that the “trend is your friend”. However, for some traders, the trend has been more of an enemy than the proverbial friend. Stochastics can help you become “friends” with the trend by showing you when to get into a trade.
Every month analysts pore over the fine print of Non-Farm Payrolls; but these reports can be equally important, and may produce even more volatility.