Weekends present gap risk to forex traders, as well as large spreads in late trading Friday and early trading on Sunday. Here's how to determine whether to keep the forex trade open or close it before weekend.
Cory Mitchell, CMT
Jul 3, 2020
The AUDCAD is in a range, presenting a number of possible trade scenarios. I discuss them, as well as the one I am opting to use.
Jul 2, 2020
There are lots of forex pairs. These lists and notes will help you determine which pairs to trade, whether you are day trading or swing trading.
Jul 1, 2020
The USDCAD is moving in a triangle, setting up a number of trading opportunities following the breakout from a prior large range.
Jun 30, 2020
The one-bar or one-candle trailing stop loss aggressively trails the stop loss as each bar or candle closes. This reduces risk quickly, locks in profits, and prevents holding through a pullback.
Jun 29, 2020
The EURUSD is in a month-long uptrend and showing bullish signs in a short-term correction. The next rally could target the 1.15 spike high from earlier this year.
Knowing how long a trade may last helps with sticking to the plan for that trade. It makes sure the trader has done research and considered their expectations.
Jun 26, 2020
The GBPCHF is consolidating near a prior swing low. Watch for any of these three scenarios, all which could lead to a large price move.
Jun 25, 2020
Sometimes a trend will look like it is reversing, only to surge back in the trending direction. Learn strategies to take advantage and minimize losses.
Jun 24, 2020
The USDCAD is at the bottom of a two week range, presenting a 4:1 reward:risk trade opportunity (or greater).
Jun 23, 2020
Jun 20, 2020
Robinhood Trader's Suicide a Wakeup Call
Jun 19, 2020
The May Rally in the real is really petering out
Jun 18, 2020
Can Gold Hit $2500?
Jun 17, 2020
Fractal Head and Shoulders on Euro
Jun 15, 2020
Still waiting on GBPUSD and EURAUD
Jun 9, 2020
Can the Australian Dollar Rally Continue?
Jun 4, 2020
USDCHF still falling
May 29, 2020
More trades setting up
May 28, 2020
CADJPY trade underway
May 26, 2020
EURUSD remains open despite a large pullback.
GBPUSD and GBPJPY hit…