S.E.X. LINES forex

Yes, a lot of Forex trading tools are quite “sexy”, however this one is really simple, yet surprisingly powerful. S.E.X., as I lik e to call it, stands for “ S imple / E xponential crosses ( X )”. A lot of traders use “Simple Moving Averages” (SMA fo r short) and/or “Exponential...

MOVING AVERAGES forex

Moving Averages (MA for short) is a very basic indi cator known by just about every trader. If you haven’t heard of it by now then you must really be a newbie to trading. Because of it is so commonly known I won’t go deep into this subject, but will touch upon it for two r easons....

WEEKLY & MONTHLY forex

Forex Sailing Looking at the ATR(1) you see that 585 pips was the biggest single week during that 5 year period. Looking across most of the other tops you get the sense that the Usual weekly Maximum (UwM) would be approximately 425 pips. Getting the AwR is quite easy because the...

ATR – Average True Range forex

This is one of the many indicators included in most charting packages. This indicator known as “Average True Range”, or “ATR” f or short, basically tells you the amplitude of each candle on your chart, or more specifically for what it is intended, it tells you the Average over...

OCO – ONE CANCELS the OTHER forex

 Earlier I explained the variations of exiting a trade once you are already in a trade. The two ways to exit is to Stop for loss or Limit for profit. If you have a trade already engaged (say you manually entered at current market price) and if you want to have both a Stop for loss and a...

ENTRY ORDERS - STOPS vs. LIMITS forex

In the above example we assumed you already had an active trade, and we just looked at how to exit that trade with either a stop or limit order. You might have entered that trade, for example, by simply doing a market order. But what if you want to do an “Entry Order” (the broker will automatically...

CONCEPT OF STOPS & LIMITS forex

Ok, here comes the fun part. Before I explain the other order types (i.e. OCO, If-Then, etc…) you need to grasp the concepts of “Stops & Limits”. Whenever you make a trade you will always be doing these three things. Let’s pretend you’ve gone “long” on a trade (you bought going up) then sooner...