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Daily Market News — April 24th 2019

The Crude Oil is making new highs. The New Zealand dollar is looking bearish. The EUR/USD pair is looking bearish and is facing resistance at 1.1227. The resistance levels are 1.1227, 1.1277, and 1.1325. The support levels are 1.1150, 1.1030, and 1.0990. The USD/JPY is looking slightly bullish and is facing resistance at 112.00. The resistance levels are 112.00, 112.10, and 112.65. The support levels are 111.70, 111.58, and 111.23. The resistance […]

Fatal Trading Mistake — Trade Ahead the News

In this video, you will learn about the mistake that many traders do, that is trading before an important news announcement. It is important to use stop-loss for such open positions, otherwise, you will be caught by surprise, with the market making huge moves in either direction. News announcement causes huge volatility in the market. This in turn causes huge price spikes. It will be too […]

Daily Market News — April 23rd 2019

In commodities, the Crude Oil is making new highs. The New Zealand dollar looks weak at the moment. The EUR/USD pair is trading above 1.1250 and is going through a consolidation. The resistance levels are 1.1277, 1.1325, and 1.1397. The support levels are 1.1233, 1.1214, and 1.1150. As the monetary policy of the Bank of Japan was criticized by the finance minister, the USD/JPY pair fell sharply. The resistance levels are 112.00, 112.10, and 112.65. The support levels […]

Daily Market News — April 22nd 2019

The Crude Oil is looking bullish and making new highs. The New Zealand dollar is looking bearish. The EUR/USD pair is in a range bound condition and is facing strong resistance at 1.1250. The resistance levels are 1.1250, 1.1277, and 1.1325. The support levels are 1.1214, 1.1150, and 1.1030. The USD/JPY pair is facing resistance at 112.00 and is trading in a consolidation mode. The resistance levels are 112.00, 112.10, and 112.65. The support levels […]

Gap Trading Strategy — How to Trade Gaps

In this video, you will learn about gap trading strategy. This is a trading strategy ignored by many traders. Gaps happen more frequently in stock markets compared to the forex market. For example, look at this chart. The market is in a downtrend., as indicated by the moving average indicator. At some point, there is more supply than demand. It means more sellers and few buyers. Then the market drops down to a much […]

Use the Andrews Pitchfork to Extract Order Out of Chaos

In this video, you will learn how to extract useful information from the highs and lows produced by market chaos. In chaos theory, a chaotic motion should not be considered random, but just a higher degree of order. For example, look at this chart. The market looks chaotic. The highs and lows are marked by numbers. You can use these highs and lows to predict future price action. Applying the pitchfork indicator to the chart, […]

Daily Market News — April 18th 2019

Precious metals like gold looks weak. The euro looks slightly bullish. The EUR/USD pair is facing resistance at 1.1325 and is trading within the consolidation zone. The resistance levels are 1.1325, 1.1397, and 1.1477. The support levels are 1.1277, 1.1240, and 1.1214. The USD/JPY pair is also trading within the consolidation and is facing resistance at 112.00. The resistance levels are 112.10, 112.65, and 112.88. The support levels are 111.58, 111.2, […]

Advanced Price Action: Predict Price Reversals with Pitchforks!

In this video, you will learn about reading price action to predict reversals. You may wonder why price reverses at a certain point and beyond human comprehension. The idea behind just prediction for a reversal is to obtain high probability trade entries. You can approach using different ways to predict  price reversals. For example, look at this chart. The highs and lows are marked using numbers from 1 to 5. […]

Trading During Wrong Hours — Fatal Mistakes

This video discusses about the mistakes caused by trading during wrong hours. Wrong trading hours means when there is less liquidity faced by markets. Trading during these times of low liquidity affects your trading psychology to lose money. For example, look at this USD/CAD chart. The London session experiences the most volume when compared to other trading sessions, followed by the US session. The Canadian dollar is correlated […]

Daily Market News — April 10th 2019

The greenback is looking bearish. The Japanese yen and the euro are looking bullish. The EUR/USD pair has found support at 1.12, which is the bottom of the consolidation zone. It has formed a double bottom pattern on the daily chart. The resistance levels are 1.13, 1.1325, and 1.1397. The support levels are 1.1255, 1.1214, and 1.1150. The USD/JPY is looking bearish as it has broken the support at 111.20. The resistance levels are 111.23, 111.54, […]

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