Support and Resistance work, mostly because so many traders believe they work. Over the years, I have found that working with www.ensignsoftware.com that the midpoints of Support and Resistance are often the strongest turning points. In addition, after a Support and Resistance level is broken, there is often a short retracement to check that level.
Is Open Outcry Futures Trading Dying?
February 16, 2011 By
Men in blazers, ties askew, arms waving, hands signaling frantically, yelling into an incomprehensible din, the floor covered with a snow of paper — that’s how all trading on the futures markets used to take place. It’s called open outcry trading and it is quickly going the way of the dinosaurs.
Coping with Volatile Forex Events
September 1, 2010 By
We are adding a series of posts on Forex for the next few weeks because about 30% of the owners of the Futures Trading Secrets Course trade Forex. These posts are timely, so be sure to subscribe now.
This week is festooned with important global economic data releases. Which are the most prominent and how could they impact your Forex trading? To answer these questions, let us first identify key USA events because these ones have the most ability to influence the global financial markets with the impact of their results.
Divergence Trading
September 8, 2009 By
A very popular trading technique is divergence trading. A divergence is where a futures contract may have a higher price on a second peak, but the indicator may show a lower price. This described as a Classic Divergence. We will discuss Hidden Divergences in another post.
