Tuesday, August 30, 2016

Two Trick Questions on FX Charts EUR/USD - Money Science principles

Forex day traders tend to focus on 5 minute bars and tend to focus more acutely on session cuts and news releases for market trend amplifications and confirmations and reversals.

Here are two FX charts on a recent EUR/USD trading session.

Chart 1 -  In the space of 3hrs and 10 minutes how many trade opportunities could you spot?







Chart 2 -      In the chart below what is the vital link between the green colored candles A and B?





I shall give the answers in the coming weekend. The two answers form part of the critical thinking framework that composes a day trader's trading judgements.

Trading is a skill that we are not born with but is learned.


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