…which is normal I guess, when the US consumer confidence index, the largest market in the world, plunges with 10 points in one session. Compounded with the worries regarding the Greek exposure of the European banks, this also drove down the most important EU indexes (FTSE100, DAX etc).
I would like to think that by now I am an intermediate level MT4 user. And although I read 20+ books on technical analysis, I still feel like a child when I open the platform from my broker and I browse through the tons of indicators showed there. Of course, we are all looking for the Holy Grail of the […]
…. and of course this pushes the pound lower immediately on the markets. This is the typeof market news where noone would know how to react and this is why most experienced forex traders advise to stay aside when such pieces of asteroids hit the news. The British pound declined and gilts (the British bonds issued by government) advanced amidst […]
There are various opinion currents in the technical analysis. One of the recent ones appeals to the natural order of the markets and to uncovering patterns which appear from time to time. This approach to technical analysis does not try to find models where there is none. Rather the natural order trading is trying to catch patterns as they emerge […]