Thursday, August 18, 2011
During this webinar, we briefly discussed the reasons behind the risk averse sentiment in the market for the EUR/USD pair and the outcome of the Merkel-Sarkozy meeting. Since this meeting did not improve overall market confidence, we saw a short term flight to safety and investors began to pile their money into safer harbors or low yielding assets, like gold, treasury bonds, or safe haven currencies such as, CHF, JPY, & USD.
We also briefly shared about the CCI indicator and the use of the bollinger band indicator.
Thursday, August 11, 2011
In this webinar, you will learn how traders cope with the high volatility and whipsaw activity of the market. As a scalper, it is necessary that you create a trading plan, that can be adjusted under these harsh & erratic conditions. When there are wild swings in the market, and a lack of a true trend direction, you will need certain mechanisms in place that can soften the negative effects of a few losses among your gains. Volatility can create opportunity in the market when it is understood.
We also have an additional short video of a trade we entered towards the end of our webinar. The trade was executed under a margin of 1:30 and a 40% position size.
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