INO’s Political Plays Capitol Hill is creating opportunities for big gains on Wall Street, make sure you know the political stock plays. This newsletter markets forex news chart stocks ready to get a political push. Smart Scan Trend Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops.
A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Chart confirms that a strong uptrend is in place and that the market remains positive longer term. Chart indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode. Chart shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
Chart confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. Chart confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Chart is showing some near term rallying power.
However, this market remains in the confines of a longer-term Downtrend with tight money management stops. Chart is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops. When this action is over look for the longer term negative trend to resume. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. This is Probably One of the Most Crucial Aspects of Trading.
To trade the news or to trade the price action ? Today I share my views on this interesting topic which can often be the main reason a trader fails. I am not a fan of trading the news or fundamentals, and this article explains why. Make a Nice Comment Below or Post it To Twitter. Forex news and Forex fundamental variables are topics that many traders email me about each week.
The fact of the matter is that as a price action trader I believe that all fundamental variables are reflected in the price action on a plain vanilla price chart. The primary reason that I believe this is because price action is the final result of all catalysts and participants in any financial market. Now, there may be some diehard economists and fundamental traders who will disagree with what I am saying here. So, let me make myself clear, I am not saying that news cannot be used or that fundamental traders can’t make money in the markets. What I AM saying, is that the effectiveness and relevance of price action trading cannot be disputed. As price action traders we want to make our trading simple, and in order to simplify we remove the news, economists, and so-called market gurus.
Many traders over analyze the news and this ends up confusing them and causing them to second guess themselves. There are just too many variables each day as far as news and fundamentals are concerned for any individual trader to have enough time to make effective use out of them. It’s only going to introduce more variables for you to over-analyze and take your focus off the price action of the market. Once you learn how to identify and trade a handful of simple yet high-probability price action trading strategies, you will have an effective trading edge that you can use to achieve success in the markets over a period of time.
While we do not need to know everything about all the fundamental forces that cause price to move, it is good to know what the most volatile economic news releases are and when they are released. What news events are most volatile? The following economic news releases are generally the most important for any country. For example, unemployment may be more important this month than inflation or interest rate decisions.
To become too concerned with Forex news and fundamental variables is not being able to see the forest for the trees. Why Do Most Forex Traders Lose Money? 5 minutes to 15 minutes but it did not work for now i am trading time frame of one to. Yes, this is true, but what are you going to do after the news release? Patience is every thing i have learn alot and am still learning. Great article that explains thoroughly the complexities of trading the news. Price action certainly is king but we need to manage risk based on news.
I really realise my mistake with the forex, after i read the article it open my mind. Thank you very much for your help to all traders being a couch. Forex trading course are very helpful. I have been trading over 10 years and have numerous times tried trading the news without success.
Your article is Excellent and so very easy to understand. Thank you for the information this this topic and is very helpful. Its only because of this that I was able to stay and wanted to stay in Forex trading since your method made things so, so simple to understand and follow. 1 and it’s so simple even the not so bright as myself can understand it.