Author: FX

Traders have different ways of identifying trends and trend direction. Some traders identify trend purely based on the trajectory of price action. Some use moving averages. Others use different technical indicators. Pure price action traders are very unique in identifying trends because most price action traders rely solely on a naked chart. This lack of structure and concrete rules make identifying trends and trend direction very difficult for new aspiring price action traders. However, there are ways to objectively identify trend direction based on price action. First, let us look into how price action traders identify trend direction. Price action…

Introduction to the Buy Sell Volume Indicator Volume is one of the most important information that seasoned traders take note of. This is because trade signals with high volume tend to indicate that the trade signal has strong momentum. The Buy Sell Volume Indicator is a trading tool which is based on the concept of using volume to identify strong momentum. What is the Buy Sell Volume Indicator? The Buy Sell Volume Indicator is a momentum technical indicator which uses volume as its basis for identifying momentum direction. This indicator is an oscillator type of indicator which plots histogram bars.…

Most forex traders make money whenever the market starts to trend. This is because trending markets implies strong volatility moving generally in one direction. Traders make money whenever there is sufficient market movement or volatility. However, price would have to move in the direction predicted by the trader instead of moving back and forth within a short range. Trading in the direction of the trend allows for huge profits because it provides both aspects of volatility and trade direction. Trend reversal strategies are probably some of the highest yielding trading strategies. Trend reversals strategies implies that traders are able to…