• Day trading forex price action


    More video on topic «Day trading forex price action»

    If you look at the previous day, let’s bring that up. There’s the previous day, well there’s the central pivot or pivot point, and yesterday’s close they came in almost exactly at the same place. So that’s just during neutral line. There’s yesterday’s low, there’s yesterday’s high.

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    I don 8767 t think Sergii 8767 s post above should be ignored. Some traders do make a consistent return on the smaller time frames

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    I am using EST for my charts. Your question brings up a great point about individual candlesticks and their importance. I 8767 m going to make that a blog post.

    if we look at this, by the way some people might say, well wait a minute this support level didn’t hold because the market made a lower low below it. okay, so that is not quite accurate to say that, and the reason is support resistance, even though they look like lines, and well they are drawn as lines on our charts, in reality the way the markets move, support resistance, they are not lines, they are zones.

    You can make huge money very quickly day trading, yes. I made $97k in my 8 weeks. BUT the stress and the all nighters and long hours totally consumed me and nearly killed me.
    PLUS I then lost about $85k of my profit the next week and believe me, when that happens, your mind is NOT in a good place.

    Frank and Peter show you the importance of Trendline and Trend Channel analysis & why Forex traders must master them in order to trade successfully. more »

    In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency.

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