NZD/JPY The pair has been unable to break the 85 handle s&r line. The trend is bearish, trading below the 200 and 100 MA's, coupled with stochastic crossing back from overbought territory, this is a classic with trend trade.
an example for our kind of market analysis: AUD/JPY The Pair seems to be on its way to the trend line which is backed by the 61.8 fib area, as well as a horizontal support line. The pair is oversold on the daily slow stochastic, but has not yet ...
Trading is nothing but a decision making job, as was mentioned there are other such jobs out there. The key in my opinion is to internalize the fact that in a probabilistic world, good decisions generate a positive expectancy in terms of expected ...
When discussing how many pairs to look at and/or trade, we should probably break the pairs down first in terms of correlations. Once you have correlated pairs in groups it might be slightly easier to narrow down and focus your attention more ...
Yeah, shorting also makes sense in terms of the 200 ema, which served as support throughout the rally, now looking to be curving back down as resistance for the down move.