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Trading News - News Reader |
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Written by Administrator
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Monday, 01 December 2008 |
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This indicator will update every 30 minutes but when there is a news it will update every 30 seconds till it retrieve the actual value.
This is suitable for major currencies such EURO, JPY, GBP as well as AUD,CAD and CHF.
It will show you a forex clock and will provide you will all the information needed. It best to set buy limit and sell limit 20 pip each above and below the current price.
set the stop loss at 30 Pips and set your take profit between 40 - 80 pips depending on the related news. if the news is very important you might want to
set higher take profits.
Template are availale for download
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Last Updated ( Monday, 01 December 2008 )
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Using Divergences to Identify Market Reversals |
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Written by Administrator
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Sunday, 30 November 2008 |
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Using divergences correctly can help spot key market turns
Many traders and analyst use price-momentum divergence to identify trend reversals. For those of you who are not familiar with this term divergences may be defined as follows:
* Bullish divergence: When price lows are lower in a trend but momentum lows are higher
* Bearish divergence: When price highs are higher in a trend but momentum highs are lower
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