... more demand there is for stocks and other investments
denominated in that currency, the more pressure there is for
higher interest rates, and the stronger the currency is. Conversely,
the slower ... is room for higher interest rates created by
demand for more money and thus a stronger currency. If busi-
ness activity is contracting, higher interest rates are a threat to
commerce...
... price bars or
candles exhibiting lower highs, lower lows, and lower closes;
Support and Resistance
83
Figure 5-2 Importance of Waiting for a Close above Resistance
Individual Candles Can Exhibit
Noteworthy ... close
was lower than the low of the preceding candle or candles.
Similarly, if the previous candles had developed a pattern of
lower lows, lower highs, or lower closes, a cha...
... after a higher low, it is
particularly significant. The market agrees, as we see
USDCHF accelerate higher the next day.
Higher high and intermediate-term trendline violation. The
higher high coming ... faster price is moving, the
higher the volatility is, and the slower price is moving, the
lower the volatility is. The indicator was developed by J. Welles
Wilder and is one we ca...
... shooting star candle tells us the
market is indecisive, and the candle that closes below that low
would be a change-of-direction candle by definition because it
closes below the low of the doji. ... pattern of highs and lows and gauging the
momentum before making the decision to go with a trending
strategy in which once she is in the trade, she may use a lagging
indicator and plan...
... as
they have been forced to risk higher percentages of their
account balances. In forex the margins are even higher, and that
makes it more treacherous for novice traders. Margin in forex
can range ... change-
of-direction candle until the stochastic already had turned
down, and the market remained below our stop. For #3 Buy
we exited the short and entered a long position and...
... least two lower
Chart Patterns
133
Figure 6-5 Measured Breakdown after a Sideways Channel
highs and higher lows within the triangle and usually shows
three, and it tends to break out of the formation ... Patterns
Double top and double bottom formations
Triple top and triple bottom formations
Head and shoulders top and bottom formations
Rising and falling wedge formations
A q...
... market agrees, as we see
USDCHF accelerate higher the next day.
Higher high and intermediate-term trendline violation. The
higher high coming after the higher low indicates a
trend shift. The market ... series of
higher highs, higher lows, and higher closes. The trend is down
Mastering the Currency Market
190
The stochastic cross is paramount in determining the short-
term, or micro...
... as
they have been forced to risk higher percentages of their
account balances. In forex the margins are even higher, and that
makes it more treacherous for novice traders. Margin in forex
can range ... they formed their base. In
this case, the base was created while moving north to south, or
higher to lower, and the market was exhibiting a pattern of
lower highs. However, we still w...
... lines above and below the candle body
and represent the high and low of the time period. Figure 3- 4
shows candles in black for a down candle and in white for an
up candle.
Charts for Trading
55
mark ... price bars or
candles exhibiting lower highs, lower lows, and lower closes;
Support and Resistance
83
Figure 5-2 Importance of Waiting for a Close above Resistance...