Forex trading

After a big rise in price, traders will measure the move from bottom to top to find where price could retrace to before bouncing higher and continuing in the overall trend higher. This was a tough entry because at turning points, price is rarely moving in a great fashion. You may want to look for one that is not in a consolidation unless it already lines up with a 61.8 or 38.2 Fib level. As Forex traders, it is easy to be influenced by every move in price but the truth is, not all price is mean […]

In the end, you will usually find one, two, or three trading strategies that perfectly match your own ideas. One of these trading strategies could be the Fibonacci strategy. However, every trader is different and there are no guaranteed returns with a Fibonacci strategy.
Do you remember when we said that Fibonacci ratios also refer to human psychology? The arcs appear as half circles under your trend, which are the levels of the arc’s distance from the top of the trend with 23.6%, 38.2%, […]

Use the Awesome Oscillator – check when the zero line has been crossed and wait for a retrace back to that zero line. You now have confirmation that the move is 1 leg or swing high swing low. One thing you should take note of is that price won’t always bounce from these levels. They should be looked at as areas of interest, or as Cyclopip likes to call them, “KILL ZONES! If you had some orders either at the 38.2% or 50.0% levels, you would’ve made some mad pips on that t […]

One of the best ways to use the Fibonacci retracement tool is to spot potential support and resistance levels and see if they line up with Fibonacci retracement levels. Although the Fibonacci retracement levels are very good tools for determining price support and resistance, not all Fibonacci levels are equal, which makes trading off Fibonacci levels challenging. The retracement levels can also be known with the help of the Fibonacci levels. The levels can be determined with the help of these […]

It has the advantage of being able to store value easily, being easier to keep and move around than equivalent values of gold or other resources. Despite the numerous limitations, the barter system works well when currency is unstable or unavailable for conducting commerce. Well, it seems “udderly” clear at this point that—based on the characteristics of money—U.S.
This new type of money is what makes up the non-M0 components in the M1-M3 statistics. From that point forward, currenc […]