Thursday, March 5, 2015

Wednesday, March 4, 2015

FOREX THEORY


How to Trade Fakeouts

Trend lines

In fading breakouts, always remember that there should be SPACE between the trend line and price.

If there is a gap between the trend line and price, it means price is heading more in the direction of the trend and away from the trend line. Like in the example below, having space between the trend line and price allows price to retrace back towards the trend line, perhaps even breaking it, and provide fading opportunities.




QUOTE OF THE DAY


"The best and most beautiful things in the world cannot be seen or even touched – they must be felt with the heart."

By Helen Keller.


Monday, March 2, 2015

FOREX THEORY


How to Trade Fakeouts

In order to fade breakouts, you need to know where potential fakeouts can occur.

Potential fakeouts are usually found at support and resistance levels created through trend lines, chart patterns, or previous daily highs or lows.


QUOTE OF THE DAY


"Innovation distinguishes between a leader and a follower."

By Steve Jobs.