Viewing a chart for the first time is generally both hypnotic and perplexing. Price action, or ‘PA’, is a term employed to note the movement, or ‘action’, of price on a chart for a given market. A chart, for those new to trading, is simply a graphical representation of historical price movement over a selected … Continue reading Price Action: A Beginner’s Guide
Global Markets: Asian stock markets: Nikkei down 0.50 %, Shanghai Composite gained 0.40 %, Hang Seng and ASX both rose 0.30 % Commodities: Gold at $1234 (+0.60 %), Silver at $17.90 (+0.85 %), WTI Oil at $53.10 (-0.45 %), Brent Oil at $55.70 (-0.40 %) Rates: US 10-year yield at 2.47, UK 10-year yield at … Continue reading Monday 6th March: European Open Briefing
A note on lower-timeframe confirming price action… Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the … Continue reading Monday 6th March: Technical outlook and review
Trading in FX markets reached a mammoth $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier, according to the 2019 Triennial Survey of turnover in OTC FX markets. While foreign exchange retained its dominant status as the largest financial market in the world, knowing how FX stacks up against other … Continue reading Forex Market vs. Other Financial Markets
