Learn Forex – RSI as a Forex Trend Indicator
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Many forex traders think of the Relative Strength Index (RSI) as just a simple chart oscillator that gives momentum readings of overbought/oversold conditions during trading ranges, as well as price-oscillator divergence indications. Actually, the RSI is somewhat more than that. One of [...]
Poll: What is the single most effective tool for trading forex?
Forex Poll (FXpath.com) – Although the vast majority of traders use a variety of different tools in their forex trading, most traders have a favorite tool, technique, or strategy upon which they tend to rely more heavily than others. The purpose of this poll, though neither exhaustive nor scientific, is to identify those tools that [...]
Forex Trading Technical Analysis (2010/07/21) AUD/USD Reaches Triple Top Resistance
(Please click on the forex chart thumbnail to enlarge) 7/21/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Wednesday (7/21/2010) morning, has reached and turned down around the key 0.8850 price region, establishing a tentative triple top approximately matching the highs in June and earlier this month. On establishing [...]
Learn Forex – Divergences Illustrated
Learn Forex (FXpath.com) – Last month, an article describing the different types of price-oscillator divergences that can be found in the forex market (or in any other financial market) was posted here (http://fxpath.com/2010/05/31/forextradingwithdivergences/). That article garnered significant interest from the forex trading community. But what was missing were illustrations of these different types of divergences [...]
Learn Forex – Forex Trading with Divergences
Learn Forex (FXpath.com) – Price-oscillator divergences in the forex market are instances when there is a technical imbalance between the price movement on a currency pair and an oscillator’s movement. Divergences should not be considered complete, self-contained trading strategies. Rather, they should be regarded as signals that warn of some potential impending directional bias. As [...]
