10 Things You Need To Know Before The Opening Bell

[jenperry]

Hi, You have provided the great information here which is really very helpful for so many traders who are beginners and trading professionals. I am so glad been here to get these great tip from you guys. I will keep in touch to get more info.

Thanks!

[Steve nison]

Hi, You have provided the great information here which is really very helpful for so many traders who are beginners and trading professionals. I am so glad been here to get these great tip from you guys. I will keep in touch to get more info.

Thanks!

Hello Jen; you are welcome here! Nice to see your interest! Hope this community will help you to learn Forex! By the way, it’s a long term process; so don’t be rush! All the best, happy learning.

[frees2020]

Guidelines for trading by Ascending Triangles Ascending triangles are wedge-shaped patterns that break out most often upward. The triangle can act as a reversal or continuation of the existing price trend.Busts the ascending triangle A busted ascending triangle occurs when price breaks out in one direction, moves less than 10 percent before reversing, and continues in the new direction to close above the top or below the bottom of the triangle.Horizontal top line Price along the top follows a horizontal trendUp-sloping bottom line Price makes a series of higher valleys, following a trendline. The two trendlines convergePrice crossing Price must cross the pattern from side to side, filling the triangle with movement. Avoid patterns with excessive white space in the center of the triangleBreakout Can be in any direction, but is upward the majority of the time.When searching for ascending triangles, make sure price crosses the chart pattern from side to side several times. Price should not be bunched up near the start nor near the end with an empty white hole in the middleAn ascending triangle forms because of increasing demand at lower prices matched with selling at a constant price.The breakout from an ascending triangle is upward 64 percent of the time based on research completed in 2011 using over 1,600 ascending triangles in both bull and bear markets.The apex of a triangle is where price tends to form a short-term peak or valley.Measure rule Compute the height of the formation at the start of thetriangle. Add the result to the price of the horizontal trend line(upward breakout) or subtract it from the break price(downward breakout). The result is the minimum price target.For trading signals Wait for confirmation Buy the pair when price closes beyond the trend line.Sell on measure rule For short-term traders sell trading signals generate when pair nears the target (seemeasure rule). For intermediate- and long-term traders, holdthe pair until fundamentals or market conditions change.Sell on downward breakout If you own the stock and it breaks out downward, sell. If youdo not own it, sell it short. Should the stock pull back, that isanother opportunity to sell, sell short, or add to your shortposition.

[bravo]

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[Danielpeters]

Great post. Thanks for share with us this important information.

[Sameeh]

These are good informations and can help for analysis of the market better and so the trader should read them to understand the market better, the trader that always be in contact with the market always will know the conditions that move the market and so he can expect the future movement and so the trader will be able to improve his trading always and will make good money, the trader also that update his knowledge will have more good ideas about trading and so he can find better ideas for his trading and so the trader may become more successful trading and so his trading efficiency will be increased and also his profits will be increased and the risk will become more small and this will make trading more profitable.

[Bernadar]

there are actually more than ten such moments, only now they all come to realize with experience

[maby81]

The points you mentioned can indeed be eye openers and should be kept at the back of one's mind as they can greatly affect trading decisions. Such news are important as they will have an effect on various things.

[Katrina]

There are lots of things that could affect the Forex Market and apart from the news, it could be also affected by the Market Trends.

[Foget]

What market trends are you talking about. Clarify please.