Commodity Channel Index also called CCI and is a momentum indicator. This can be used to find the overbought and oversold levels in forex trading or to identify conditions of a trend. This video shows the basics of Commodity Channel Index like what is CCI, what are the levels in CCI, how to use these levels to identify the overbought and oversold levels, how to find the conditions of a current trend etc.
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Pivot points is a very important concept that a very few forex traders use to calculate current day’s support and resistance values using previous days trading range like high, low and close values. Not only for daily resistance and support lines but forex traders also use the weekly and monthly trading ranges (last weeks high, low and close values to calculate the weekly pivot points and last months high, low and close values to calculate the monthly pivot points). In this video the basics of pivot points like what are pivot points, how to calculate them, why to use pivot points, different methods of calculating pivot points, common method of calculating pivot points etc are shown. In this video a technical indicator is also shown to calculate pivot points dynamically instead of manually.
The most common method of calculating pivot points is using a 5 point system. The 5 points are pivot line, support 1, support 2, resistance 1 and resistance 2. This video shows how to use this method to calculate pivot points.
This is a basic video on how you can use support and resistance lines in forex trading. A forex technique called horizonal line approarch is explained in this video. No examples are given in this video but you can see how the author uses the technique. This video is explained on a paper. When you want to enter forex trading, the author explained where you should enter the market using this technique. Watch to the end of the video to see about the candlestick formation called “pin bar” to enter the trading.
The strategy is very simple and works very well. You can find a lot of trading opportunities using this strategy. This strategy involves only parabolic SAR indicator with default settings. Indicators: Parabolic SAR with default settings (Step: 0.02, Maximum: 0.2) Time Frame: Hourly But you need to observe the parabolic SAR on the higher time frame of daily chart. Markets Sessions … [Read More...]
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