Archive for February, 2011
Auto Pip Bot
This is an entry for a Forex product called Auto Pip Bot. The official site for this product is at autopipbot.com. If you’re looking for more info about this product follow the link.
Forex Fortune Signal
This is an entry for a Forex product called Forex Fortune Signal. The official site for this product is at forexfortunesignal.com. If you’re looking for more info about this product follow the link.
Breakout Trading Entry, Exit and Stop Loss Strategies
This is a guest post by Ahmad Hassam
Breakout trading can be highly profitable. But the problem is most breakouts tend to fail often. A breakout fails when the price returns to a point before the breakout. Suppose the price breaks out above the resistance line but soon retraces back below the resistance line. This means the breakout was false. But in many cases, prices retraces itself slightly above or below an important breakout level before continuing in the direction of the breakout.
Elemental Trader
This is an entry for a Forex product called Elemental Trader. The official site for this product is at elementaltrader.com. If you’re looking for more info about this product follow the link.
Divergence Trading With MACD Histogram
This is a guest post by Ahmad Hassam
Divergences are considered to be pretty strong trend reversal signals. Divergence happens when the price action and the indicator in this case the histogram moves in the opposite directions. For example, the price action makes a new high while the indicator makes a new low or the price action makes a new low while the indicator makes a new high.
When divergence between the price action and the indicator develops, it means a potential trend reversal in the market. MACD is a very versatile technical indicator that can be used to trade these divergence patterns.
