Tuesday, September 30, 2014
Monday, September 29, 2014
FOREX THEORY
Types of Breakouts
When trading breakouts in forex,
it is important to realize that there are two main types:
1.Continuation breakouts
2.Reversal breakouts
Knowing what type of breakout you
are seeing will help you make sense of what is actually happening in the big
picture of the market.
Breakouts are significant because
they indicate a change in the supply and demand of the currency pair you are
trading. This change in sentiment can cause extensive moves that provide
excellent opportunities for you to grab some pips.
QUOTE OF THE DAY
"Do not wait to strike till the iron is hot; but make
it hot by striking."
By William Butler Yeats.
Thursday, September 25, 2014
"YOUR WEALTH IS OUR HEALTH"
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Wednesday, September 24, 2014
FOREX THEORY
How to Measure Volatility
3. Average True Range (ATR)
Last on the list is the ATR.
The ATR is an excellent tool for measuring volatility
because it tells us the average trading range of the market for X amount of
time, where X is whatever you want it to be.
So if you set ATR to 20 on a daily chart, it would show you
the average trading range for the past 20 days.
Use ATR to measure price volatility.
When ATR is falling, it is an indication that volatility is
decreasing. When ATR is rising, it is an indication that volatility has been on
the rise.
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