See daily chart of NZDUSD below for the discussion that follows.
Author: tradingsossos
See daily chart of GBPCHF below for the discussion that follows.
The Relative Strength Indicator (RSI) is a technical indicator that was created by J. Welles Wilder and is explained fully in his book, New Concepts in Technical Trading Systems.
See daily chart of GBPCAD below for the discussion that follows.
See daily chart of EURCHF below for the discussion that follows.
Hard work and persistence in trading, just like with any other worthwhile endeavor, is often required for success. In this post I draw from a quote of the late William J. O’Neil to elaborate.
See daily chart of EURAUD below for the discussion that follows.
New traders often start out trading with what is known in the trading community as trading with scared money. This might not the best way to start trading and its often one of the reasons traders never get far. Let’s delve in.
See daily chart of USDJPY below for the discussion that follows.
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Flags and Pennants
Flags and pennants are very popular short term, continuation chart patterns. They are very reliable and many traders trade them exclusively with great success. If you’re interested, please read on.