because market participants anticipate certain price action at these points and act accordingly. GMT candlestick after it closes(or has formed) to control your trading risk. How does this happen? One popular strategy is to set up two stop-losses. This means I look for a stock having a once in a year type of event. . You know the trend is on if the price bar stays above or below the 100-period line. In our Day Trading Chat Room, you will get my live alerts as I call out my positions and stops. . Alternatively, you can fade the price drop. Yes, although you will have to live with missing some trades at times.
We had a nice opening drive with decent volume followed by a low volume pullback before a big jump on the breakout. This is a fact. Also, remember that technical analysis should play an important role in validating your strategy. Stock scanners are what every trader today should be using to find hot stocks, whether its penny stocks, small caps, or large caps. Limit Your Losses This is particularly important if youre using margin. Can I use any currency pair? What about the bull trap and bear trap?
MetaStock, this platform allows the usage of M1 (1 Minute Bar) Data only. Now theres a worksheet with 92 current conversions from US Dollar to international currencies in your worksheet. Are there data feedsRead more
Come to think of it, since two of the strategies it uses are breakout and reversal, both of which employ market movements of quite a lot of pips, the spread doesnt matter that muchRead more