Successfully trading the forex market on an intraday basis requires precision and a very careful selection of trades. The enormous scope of the trillion dollar, 24 hour, globe spanning fx market presents a miriad of opportunities for the short term trader – however a day trader in this market must be aware of certain inherent
J. Peter Steidlmayer is an independent trader who joined the Chicago Board of Trade in 1963. Steidlmayer served on the CBOT Board of Directors from 1981-1983. While a director, he developed Market Profile in conjunction with the CBOT. Market Profile is a technical tool that uses a graphical organization of price, volume and time information.
By Dr Mircea Dologa, MD, CTA pitchforktrader.com The Action & Reaction Lines concept was kept secret from the crowd for many years. If you browse through the technical analysis literature one can see that this topic was rarely treated. This well kept secret represents a real mystery. The first to mention this concept was Roger
Leonardo Pisano, better known by his nickname, Fibonacci, was an Italian mathematician born in Pisa in the 12th century. He is known to have discovered the Fibonacci numbers, said to be based upon observations of the Great Pyramid of Gizeh in Egypt. Fibonacci Numbers are a sequence of numbers where each successive number is the
The Federal Reserve, often called “the Fed” for short, is America’s central bank. Think of it as the bank’s bank—a special financial institution that helps keep our economy running smoothly. But what exactly does it do, and why should you care? Let’s break it down in simple terms. What Does the Federal Reserve Do? 1.