“Ladies and Gentleman, Boys and Girls. People of all ages. Join us for tonight’s heavyweight contest. In the red corner we have the purveyor of patterns, Price Action. In the Blue Corner the Napoleon of Numbers, Technical Analysis. “ “The question on everyone’s lips………. Which one is the undisputed king of trading technique?” “Let’s find
Women love it, Spandau Ballet wrote a song about it and Sauron nearly brought about the end of civilised life on Middle Earth with a little bundle of it. So, what is it about Gold, that gets everyone including traders so excited? Gold – a 20 year recap To understand how Gold moves you need
Average Directional Index (ADX) is a measure of the strength of the current market trend. ADX was developed by J. Welles Wilder. The ADX is gotten from two directional indicators, known as DI+ and DI-, which are gotten from the directional movement index] (DMI). The ADX is also scaled from 0 to 100. A value
Stochastic indicator is an indicator indicator developed by George C. Lane in the 1950s utilized in technical analysis. It compares closing prices in a market to the high and low prices for that market over a specific period of time. The Stochastic oscillator enables traders to figure out where a trend might be ending. Stochastic can
RSI (Relative Strength Index) RSI indicator was developed by J. Welles Wider who was a technical analyst. RSI is another indicator utilized by many Forex traders, which helps you to spot when the market is Oversold or Overbought. RSI is similar to Stochastic because both of them identify Oversold and Overbought conditions in the market.
MACD (MOVING AVERAGES CONVERGENCE DIVERGENCE) MACD is an indicator used to identify moving averages that are indicating a new trend, whether it is uptrend or downtrend. After all, the most important thing in trading is being able to find a trend, because that is where you can make most of the money. MACD indicator contains
Author: Robert Hill Contrarian Scalping is an forex strategy which works as a contrarian / counter – trend strategy. Advantage of these kind of strategies is that you can have good profitability while there will be no great gains/movements relatively to what you see in the trend direction of time frame. Symbol: AllTime frame: M15 Forex Indicators: [Custom] Stochastic