Ichimoku Kinko Hyo, also known as the Ichimoku Cloud, is a technical indicator used to measure momentum, identify the direction of the trend, and to get an overview of future support and resistance points. Ichimoku Kinko Hyo was developed by the Japanese Goichi Hosoda. It took him 20 years to…
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The COT (Commitment of Traders) indicator is a powerful forex trading tool, surprisingly used only by a minority of traders. The indicator is based on the reports published by the Commodity Futures Trading Commission (CFTC) every Friday. The report from the CFTC can be used by traders to spot potential…
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As an active trader, you are always on the lookout for a strategy that works. Often, you end up having your trading screen filled with a jumble of lines and advanced indicators. But maybe it doesn’t have to be so complicated. The active trader, blogger, and analyst Joe Marwood has…
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Price breaks offer great opportunities for the technical trader. But very often, a trade around a price break ends as a huge disappointment and lost money. This article helps you understand how to trade price breaks correctly. Most traders who use technical analysis are always on the lookout for so-called…
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The stochastic oscillator – also known as stochastics – is one of the most recognized indicators for assessing momentum in technical analysis. The idea behind this indicator is that in an uptrend, the price should close near the highest point of the range in which it moves in each period.…
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AvaTrade is an EU-based broker, licensed in Ireland. Since 2006, AvaTrade has provided hundreds of thousands with the opportunity to trade CFD contracts at competitive prices and high security. There are several reasons to consider AvaTrade: You can create an account here or read more below in our detailed review…
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This strategy was coined by the American forex trader Kathy Lien. The technique involves identifying areas in a currency pair where the price approaches a “double zero,” such as 0.7200 in NZDUSD or 1.1200 in EURUSD. The idea is that these areas represent natural support or resistance for thousands of…
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The 5-1 strategy was developed by the Danish day trader Hans-Henrik Nielsen from Markettimer, known for his simple yet effective strategies. The 5-1 strategy is a distinct day trading strategy. It can be used in its simplest form, but it can also be advantageously refined with additional indicators. The strategy…
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The Relative Strength Index or RSI is a momentum indicator that compares the magnitude of recent gains to recent losses over a period. RSI is usually used to assess whether a market is overbought or oversold. If you calculate RSI on a daily chart, it is done using the following…
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Bollinger Bands® is an indicator that measures market volatility. Bollinger Bands® was invented by the technical analyst John Bollinger in the 1980s, and he obtained trademark protection for the indicator in 2011. Bollinger Bands® consists of three lines: A middle line and an upper and lower line, often encapsulating the…
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