Education > Basic Candlestick Signals Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M. Analysis in chart 1. Large body w/small wicks indicate strength 2. Larger the body w/smaller wicks indicate greater strength 3. Long wick w/body at opposite end of candle indicates shift in trend momentum 4. Wicks at both sides w/smaller body...
How do you trade when important news are scheduled to come out? Do you fall in A or B case or do you usually go with any of 1, 2 or 3 approaches?
Just wanted to document how tracking the news should be an important part of EVERY trader's practice... Take for example, an hourly chart of this week's GBPUSD... In particular, notice how this week's MOST significant price action corresponds with two major speeches by UK officials. In the first instance, BoE governor Mark Carney delivered a "dovish" speech...
Many people who trade in the financial markets, especially those who engage in foreign exchange trading, do not pay attention to a very important aspect in trading that can cause great losses or reduce large profits. What I am talking about is slippage, which is the gap between the forex price we ask and the price we get in the execution of an FX trade. There...