Archive for March, 2010

PostHeaderIcon Anticipating a MACD Crossover

Student’s Question:

 
I want to ask you -
I was of the mind – as I was reading the lines – just before the crossover – to anticipate the market price dropping versus waiting for the actual crossover to occur to make my trade.
That’s why I placed my trades where they are. Is that too risky??
Also, do you think I should have placed my Limits lower? If so, where should it have been placed.
Thank you….

Source:Anticipating a MACD Crossover

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PostHeaderIcon Break of Trendline Resistance and the 200 SMA

Student’s Question:

 
I would short the pair at the 50.0 or 61.8 Fib level.  What do you think?
 

Source:Break of Trendline Resistance and the 200 SMA

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PostHeaderIcon March 16th FOMC Meeting

I am of the opinion that the major tops and bottoms of a market are determined by the fundamentals of that particular market.
 

Source:March 16th FOMC Meeting

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PostHeaderIcon How Many Candles Should One View on a Chart?

Student’s Question:

 
When plotting the lines on a daily chart, how far should I zoom in. Approximately how many candles should I go off of?
 

Source:How Many Candles Should One View on a Chart?

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PostHeaderIcon GBP/USD: Trading the U.K. Retail Sales Report

The British Pound is likely to face increased volatility over the next 24 hours of trading as economists forecast retail sales excluding demands for auto fuel to increase 0.6% in February after contracting 1.2% in the previous month, and the data could encourage an improved outlook for the U.K. as the expansion in monetary and fiscal policy continues to feed through the real economy.

Source:GBP/USD: Trading the U.K. Retail Sales Report

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