What is Williams %R?

Williams R

[adrotate banner="1"] What is the Williams %R? The Williams %R is named for its developer, Larry Williams. It is a momentum indicator that is mathematically equivalent to the fast Stochastic Oscillator. The only difference is that the Williams %R is the inverse of the fast Stochastic Oscillator. It signals overbought and oversold levels based on [...]

Daily Chart USDCAD Entry Orders

usdcad trade

[adrotate banner="1"]Today I placed double entry orders on either side expecting a sideways market. A breakout to either direction will trigger a long or short trade. Double entry orders long and short The markets are still in upheaval after the US credit rating downgrade. The economic calendar shows medium impact news for Canada being released on [...]

Daily Chart EURUSD Short

euro short

[adrotate banner="1"] Enter Short at 1.42 I entered a short trade at about 1.426 today. I am expecting further losses for the Euro. However, I have a tight stop incase the market decides to rally today. If todays daily pivot is broken (the gray line) I expect further losses down to at least midway to [...]

Life Insurance for Day Traders

[adrotate banner="1"]Are you a full time day trader? Interested in becoming one? Then you will need to set up a financial strategy to manage various risks. This could be the risk of illness, accidents or even death. That’s why you will need to look into life insurance. You can check out a price comparison site [...]

Technical Analysis 101


[adrotate banner="1"] Technical Analysis is not very difficult to learn. If you can spot patterns and like looking at pictures, then you can learn technical analysis.

Trailing Stops are Like Insurance


[adrotate banner="1"]In forex, trading without a stop loss is pretty dangerous. I remember when a friend and I were trading and suddenly the internet went out. We were freaking out! What was the market doing? Were we losing all of our account balance? If we had placed an immediate stop on the order, we would [...]