In personal and business relationships always look for the WIN/WIN/WIN. If you follow my Snapchat adventures (Click here to add loopylitez) you’ll recall I recently had a slightly unfortunate run-in with a dishonest camera supplier. In my travels, I’ve seen many schemes and business’s set up with the primary goal of fleecing clients for the
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6 Tips For Using The 50 EMA
It is no secret I’m a big fan of using the 50ema as a dynamic support/resistance zone. So here are 6 advanced filters I personally use to boost the effectiveness of 50ema support/resistance. 1. Don’t use it as a stand-alone indicator. The strength and effectiveness of 50ema support/resistance varies, depending on market condition! Just like
3 Basic Trading Principles To Improve Your Results
1. Always have your key support/resistance lines drawn in that are most relevant to current price levels. Draw in at least 2 key lines. 3-4 lines is recommended! 2. Only trade off key support/resistance lines and wait until the market is visibly decelerating into the key line. Understand that trading off these key support/resistance
Forex Chart Probability Summary
Let me show you how I look at a price chart from a technical analysis point of view. By observing basic, vanilla price action and using just two support/resistance lines, I have made the following probability summaries on 9 key areas of the chart. You can see here we have a descending triangle forming. The
Forex Correlation Method
Pay close attention to your currency correlations! In the image below, when the top chart reaches key support and reverses long, the bottom chart nearly always reverses short. Why does this happen? Well, in this particular case – the top chart is DXY, which is the US dollar index. It’s an instrument that tracks the performance