Jul 28 2010
FX skills , trade “live” in class! !
FX skills , trade “live” in class! !
All right, everyone. Well, it was another long night with the boy. He was up with some stomach pain, so I apologize again for being a little bit slow. If you recall, yesterday we were looking at this massive downswing here in the marketplace. Forex trading techniquesWe’ve now got a very good pennant pattern forming on the hourly bar right were we would expect it. If you remember, we’re down in our support area, our support zone. Short trade, we’re still looking for something short below the low here, which is 5395. The long trade, the reason why it’s goingforex trading signals to be more difficult is because we’ve got this sideways consolidation right above those prices, and you see price pushed up into that region already and got rejected. So you know, if you take a long trade, it’s not going to it’s a bad trade, you just have to be ready for the market to turn around very, very quickly, And you can see in these two hourly bars just how fast the market did turn around.
No responses yet
Leave a Reply
You must be logged in to post a comment.
Write a little something about the author of this website here. You might also want to link to the