Opinion: The stock market’s rally was a head fake and the smart money now is with the bears
The stock market, as measured by the S&P 500 Index SPX, +0.53%, has fallen below the 4100 level. That is significant because there previously was triple resistance at that level, and when SPX broke out above that level in late January, it seemed as if the next leg of the “new” bull market was underway. […]
Trading Starbucks Post Q1 Earnings
Starbucks recently reported its first-quarter earnings report for 2023. The multinational American coffee chain has 33,833 stores in 80 countries and is often seen as a barometer of the health of the consumer. Learn more details of Starbucks’ latest quarterly earnings report, what the analysts are forecasting for the stock and how to trade […]
Eurostoxx futures +0.7% in early European trading
German DAX futures +0.7% UK FTSE futures +0.5% This comes as European stocks are playing a bit of catch up to the net gains in Wall Street yesterday, as regional indices closed before Fed chair Powell’s remarks. The overall risk mood today is more balanced though with S&P 500 futures and Dow futures down 0.1%, […]
US stocks close higher in volatile trading day. Chipotle earnings disappoint after close
The major US stock indices are closing with gains in what was a volatile up-and-down session especially during and after Fed Powell Q&A session at the Economic Club in Washington. Looking at the closing levels: Dow industrial average rose 265.67 points or +0.78% at 34156.68 S&P rose 52.97 points or 1.29% at 4164.04 Nasdaq index […]
Live Trading Session Using “Supply Demand EA Pro” (7/2/2023) – Analytics & Forecasts – 7 February 2023
Hello traders, Many traders believe that they need to spend much time in front of their screens in order to spot trades and be profitable. That is a wrong mindset. Today i spent 40 minutes in front of my charts and i placed 3 trades in total. I got about ten alerts and i traded […]
In a trading system, which is more important? Entry VS Exit – Trading Systems – 7 February 2023
In a trading system, both the entry and exit are important. A well-planned entry can set a trader up for success, but it is ultimately the exit strategy that determines whether a trade will be profitable or not. A good entry strategy should take into account the trader’s risk tolerance, the current market conditions, and […]
Most effective Forex robot for EUR/USD pairs – Trading Strategies – 6 February 2023
Forex robots have become an important element of the forex market nowadays. The main aim of a forex trading robot is to remove the psychological element from trading, as often it can prove to be detrimental, especially when traders are still beginners and not so used to making objective and reasonable trading decisions. With our […]
Heiken Ashi 20-50 Forex Trading Strategy
Although many non-traders and even traders believe that trading is very difficult, truth of the matter is, the concept of trading the forex markets is very simple. Forex traders simply must buy a currency pair when they believe that price is going up and sell it back to the market once price is higher than […]
Trailing the price automatcally – Trading Strategies – 6 February 2023
Metatrader trailing stop expert advisor that can trail the price of the winning trade(s) by pips, candles, ATR, PSAR, moving average, fractals indicator or percentage. Trailing Stop main functions Trail the price of an opened trade or more by using a multitude of options, such as trail by ATR, PSAR or fractals indicators, trail by […]
Trading within the price channel automatically – Trading Strategies – 6 February 2023
The MetaTrader Price Channel expert advisor draws the support and resistance levels, then trades when the price bounces back from the channel’s levels. The price Channel pattern is made of two trend lines positioned above (resistance) and below (support) the price. The price action is contained between these two parallel trend lines. The separation between […]