


Anbat
On daily charts, you should be able to place on price action Elliot impulse waves 12345 and Extension Waves ABC- practice makes perfection. I except long for 1st couple of days next week, then turnaround mid week to downside, per ABC Elliot Wave extension tool. Will trade accordingly.
When USD news comes out before a 4 hour candle closes, I use discipline, patience and wait. A Lot of high impact expected news hits at 5:30 am (PST/USA) when New York session opens. This is London session and New York session overlapping 4 hours which I think is best 4 hours of day to trade. My Rules Area: (USD high impact expected news) 1) Use either a 5...
Commodity Futures Trading Commission (Commission or CFTC) publishes Commitments of Traders (COT) reports to help public understand market dynamics. ------------------- I used website called: Tradingster to get COT Report but you can see information directly from CFTC.gov too. How To Find Official Information: 1) Google or DuckDuck go: cftc.gov 2) Left side under...
How To Use The COT Report In Your Forex Trading Before we discuss how to trade the Forex market using the COT Report, you should know why the COT Report is important for Forex traders. Forex trades are executed over-the-counter (OTC). There is no central body, like NYSE, where all trades are recorded. It is difficult to accurately track volumes behind all Forex...
C.O.T. is an acronym for Commitment of Traders. It is a report that contains a weekly overview of how participants of the futures markets in the U.S. have traded. The report contains all the positions of the main market factors in the United States. Why Did EurUSD fall during the latest COT Report from 8/3/21 to 8/10/21 (date period)- came out Friday on 8/13/21....
C.O.T. is an acronym for Commitment of Traders. It is a report that contains a weekly overview of how participants of the futures markets in the U.S. have traded. The report contains all the positions of the main market factors in the United States. These major market drivers include institutional traders, hedge funds, big banks, and more. And the weight these...
C.O.T. is an acronym for Commitment of Traders. It is a report that contains a weekly overview of how participants of the futures markets in the U.S. have traded. The report contains all the positions of the main market factors in the United States. The Commodity Futures Trading Commission (CFTC) provides this report every Friday at 3:30 P.M. EST for all...
The power of mind discipline... Is really about sticking to your choices. That as a discipline, it is expected to be difficult for shaping oneself to be good if not great doesn't happen overnight neither that it provides an outcome on the onset. To go through this process needs determination, hard work, patience and time, hence, all these shall allow you to...
The Cold Hard Truth "You Are You're Own Worst Enemy" You will probably develop technical skills required in placing trades and learning money management. But you constantly end up sabotaging yourself. What Is Trading Psychology? Knowing when to quit and when to push Using a stop losses Hitting targets Controlling greed, fear and hope *Discipline, Discipline,...
18 Words Related To Forex (Enjoy). These are Forex related words which you need to understand to profit and survive trading Forex for life.
FOMO Trading vs Disciplined Trading: THE CYCLE (chart) The process of placing a trade can be very different depending on the situation in hand and the factors that are driving a trader’s decisions. (On Chart example) Here is the journey of a FOMO trader vs a disciplined trader – as you will see, there are some fundamental differences that can lead to very...
What Is FOMO in trading? FOMO in trading is the Fear of Missing Out on a big opportunity in the markets and is a common issue many traders will experience during their careers. FOMO can affect everyone, from new traders with retail accounts through to professional Forex traders. In modern age of social media, which gives us unprecedented access to the lives of...
Four Types Of Market Forex Orders: 1) Buy STOP- Order placed above price and price keeps going up. 2) Sell STOP- Order placed below price and price keeps going down. 3) Buy LIMIT- Order placed below price and price then goes up. 4) Sell LIMIT- Order placed above price and price then goes down.
I have seen high impact news strategies from 1 minute to 1 hour online, if you are interested in this kind of trading please investigate further. Always use great risk management and stop losses on every trades- when high impact news hits, that currencies BASE pair will determine what direction its goes, negative down and positive up. If I trade high impact...
Pending order is an instruction to open a position when the current price reaches the order level. There are four type of pending orders: Master Pending Orders: (Sell Limit) Sell limit – an order to open a sell position at a higher price than the price at the moment of placing the order
Pending order is an instruction to open a position when the current price reaches the order level. There are four type of pending orders: Master Pending Orders: (Buy Limit) Buy limit – an order to open a buy position at a lower price than the price at the moment of placing the order.
Pending order is an instruction to open a position when the current price reaches the order level. There are four type of pending orders: Master Pending Orders (Sell Stop) Sell stop – an order to open a sell position at a lower price than the price at the moment of placing the order
Master Pending Orders: (Buy Stop) Pending order is an instruction to open a position when the current price reaches the order level. There are four type of pending orders: Buy Stop – an order to open a buy position a t a higher price than the price at the moment of placing the order.