Aussie after touching yearly lows have started moving up A possible consolidation phase is forming up Setting sell limits on the peaks of the channel Setting buy limits on the bottom of the channel Keep an eye on high value economic events
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25-Nov-2019 Carefully looking at the range and see if the limits will execute A probable consolidation phase Price action to decide the new direction Nothing major for kiwi economically
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Is that really possible to build your own trading system the answer is YES. And it is only way to make you a profitable trader, changing techniques and adopting different methods will always make u fail and feel miserable . Whatever system you are building you have to back test it 1000 times or more […]
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It has been 2 months now since i quit my job and started as a full time trader . Until now i am searching for the best way to analyse charts so that i can enter the market at the right time and exit with maximum profits , However after my continuous search and some […]
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Essential candlestick patterns Most of the time we try to find chart patterns like triangle formation for trend continuation, Head and shoulders for potential reversal and many others. However we should also concentrate on price movements and how buyers and sellers are reacting , Most of this information can be extracted by studying candlestick patterns […]
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Google says “the capacity to accept or tolerate delay, problems, or suffering without becoming annoyed or anxious.” , for me as a trader it is everything . Lot of times i try not to panic when my trades are not doing well . In a person’s life there are times where you have to […]
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A chart with no indicators – Clean and naked charts. For most novice traders putting indicators on the chart is the first thing they do secondly they check out oversold and overbought areas on different time zones and third place a trade , end of the story. This technique fails most of the times also […]
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Reading charts is one of the most important things in trading , even fundamental analyst use charts to see price movements. However most novice traders faces lot of difficulty in understanding and making sense out of price charts. In today’s blog i will try to show u a step by step guide how to analyse […]
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When i started trading i wanted to trade everyday not knowing that i might not place the right trade every time or this is not the right opportunity but the fact is when we start trading and start seeing profits we become greedy and we just wanted to jump into trading , i realized this […]
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Trading can be a very profitable source of generating money, but as I said in previous blogs that it can be very risky too. Recently few people from my office have started trading with me and they have got a return of 30% in just a few days which is enormous However, if your primary […]
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