WHAT IS A PIP? The pips is the unit with which we measure the price movement of a pair. Example: If the USD/MXN pair is used. If the dollar is worth 20.7 and rises to 20.8, it is said to rise to 1 cent but in FOREX it is not measured with cents, it is measured with pips. The price of the USD/MXN chart has 3 extra decimal places 20.8 000 those 3 extra decimal...
Each ''top trader'' should know about every movement of the price on chart. For instance we have to find major highs & lows and compare levels for finding breaks. As you can see on the #usdjpy on 4h time frame, all of the breaks has a powerful basement that we mark them " Supply and Demand zones ". If traders can find these areas and also guess the way of the last...
Price closed above horizontal support resistance level. Set Buy Limit Order. Set entry at horizontal level. Note: Trend is up; Horizontal Level has 4 touches. EMA 10 EMA 20 has a positive slope.
Hi All Pleased share some back testing results on the H4 timeframe across some xxxjpy pairs, mainly GBPJPY. By testing H4 we have access to more data in time, so this video shows testing from 2007 with over 1000+ trades , so a substantial back test in my opinion. Entry is clear - we just follow the entry on screen Exit is clear - 3 exit options - Stop Loss...
NOT ADVICE. DYOR.
4.27.20 OIL, gold, DXY, USDJPY : OIL LONG DISCUSSED
A lot of noise on the chart - but what I wanted to do was to show the key areas and zones. Grey lines = Gann daily levels near current price Dotted Lines = Pitchfork channel daily Yellow = Supply Demand zones white solid horizontal lines = Fibonacci levels daily Feel free to comment or ask any questions. - no trade idea, just levels of interest on display. ...
A lot of noise on the chart - but what I wanted to do was to show the key areas and zones. Grey lines = Gann daily levels near current price Dotted Lines = Pitchfork channel daily Yellow = Supply Demand zones white solid horizontal lines = Fibonacci levels daily Feel free to comment or ask any questions. - no trade idea, just levels of interest on display. ...
For the past 4 or 5 centuries afaik Japanese housewives have been running the household, taking care of kids making food and also managing the money. By the 2000s, these housewives were in charge of nearly $17 trillion. After WW2 until the late 90's, the Japanese families were saving up, and it worked well. But this happened in the 80s to 90s: Europe rates are...
Loads of /JPY pairs were affected on Thursday and Friday. There's hardly anything I can find on this in mainstream media. It's either the Yen went south or 'everybody' else decided to power up their respective other currencies. I don't know what exactly happened. If anybody else knows do share with the community.
J61! The Japanese Yen is above the 20-day ema. the last time it was above it was on January 30. The money flow is currently downwards so we should watch for further consolidation on the 20D ema. Those are my levels, lower Purple (0.23 fib) is the old support. The new support is the 20 day-ema and upper purple line is the resistance. The green levels go from...
After breaking the weekly support of 142.50, we've consolidated below the level for quiet a while now. We've retested 142.50 as resistance for 8 days straight, not able to break, close and stay above it. After breaking to the downside of the consolidation box we now retraced back to the key level since we got positive results from this morning retail sales...
That the Plunge Protection Team has been called in means there is big trouble! The PPT is a real lawful entity designed to manipulate the US Stock Markets. It is officially known as the Working Group on Financial Markets (WGFM). It was created by by President Reagan’s Executive Order 12631 in 1988 following the 1987 crash. Its purpose is to lawfully prevent...
Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that...
Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that...
Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that...