Notes

Forex Trading Tips For Success
One is the fast stochastic %K which covers 15, 10 or 5 days. %D covers a 3 day period and the other is the slow stochastic %K which covers 15, 10 or 5 days. %D is applicable for a 3 day period.

You might also see numbers and letters in certain columns. These represent specific months. January through September are represented with the numbers 1 through 9. October, November, and December are represented respectively by A, B, and C. A,B & C are used during the latter months because 2 digit numbers wouldn't fit without distorting space between the vertical columns.

Time commitmentsAnalysis and understanding the market take time. Do not expect profitable trades if the market moves in a particular direction.

click here arise because humans are predictable creatures that cause history to repeat itself. Technical indicators are crucial for traders because they can be used to help them trade. Charts show us the visual representation of the data and visually indicate that a high probability trade is coming up soon. Chart patterns can act as a predictor! This is different than most technical indicators, since technical analysis is based upon historical data and rarely acts like a predictive tool.

The first channel line is drawn using at least two points at the top or bottom of the prices, depending on the direction of trend. The second channel line is a parallel one that is placed at either the highest or the lowest touch point.

What are the potential outcomes once the trade is completed? SPY can rise strongly and I could close the trade within a week for $.10 debit locking $.40 gain with a ROI of 26%. SPY could go sideways in the next month, or even pull back a few bucks. My trade still makes money in any of these situations. Why is this so? Because I sold an option that was 100% time premium but had no intrinsic value. In a situation like this, time is my friend. It's true that I also have a long put option, which is also wasting away. However, its value was initially lower so if both expire without value, I end up with net credit.

bitcoin bullish When price finds more and more sellers and they think that it's overbought/overvalued so they starting selling it up or taking profit and that causes price to back down away from resistance.

Even having positive emotions such as optimism has detrimental affects to your trading performance if the market is in a bear market or the market is at a topping phase with euphoria is running ramped.
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