This forex trading technique is powerful as it allows you to profit no matter which volumen divisas forex trading the market is going. The following pivot point trading strategy has been around forex volume trading a long time.
The reason pivot points are so popular is that they are predictive as opposed to lagging. The Commitment of Traders strategy is based on a weekly report where large institutional traders have to disclose their long and short positions. It is useful as it helps you determine when a market reversal is looming. The formation of a pin bar is actually a trend reversal featuring 3 bars. The rules for entry are very basic and easy to follow.
Richard Demille Wyckoff’s method, which compares prices in relation to volume, was later expanded upon by Tom Williams. VSA is an analytical technique based on the trades of professional traders, it provides information on why and when traders are positioning themselves in the markets. Dow’s theory and Italien mathematician Fibonacci’s golden number. Forex Charts Forex Rate charts are live interactive forex charts with real time data ranging from 1 minute to daily and weekly time scales.