Once you’ve been in the ‘trading game’ for a number of years you observe trading fads come and go; dark-siding was all the rage a couple of years back, presumably you needed to be a Sith Lord or Jedi Knight to make it work. Apparently price action is the only way to trade, and if […]
Indicators Will Never Work Except When They Do, Which Is All The Time Read More »
Price action is one of the most charismatic and enigmatic definitions to describe a mechanism for trading the markets, particularly the forex market. Whilst many traders and ‘price action aficionados’ may disagree on the interpretation of the ‘raw’ data generated off the vanilla charts they will agree that price action is their only preferred method
The Price Actionistas Read More »
There are many Japanese candlestick purists who will dismiss Heikin-Ashi candles as being; too simplistic, misleading and in some cases amateurish. The most common complaint is that HA lags in a direct comparison with Japanese candles and that lag causes late entry when looking for price action. The counter argument would be that similar to
Indicators, as part of a trader’s overall technical analysis, help to identify: momentum, trends, volatility and other aspects of a forex security’s behaviour empowering traders to make more considered and therefore many more profitable long or short (buy or sell) decisions. Whilst some traders use a single indicator, solely for buy and or sell signals,
The Impact of Leading and Lagging Indicators on Your Forex Trading Read More »
