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This trade was executed as part of a methodology of identifying and aggressively trading short-term movements across the currency market. More precisely, it involves targeting high probability 100- Pip opportunities in the direction of the weekly trend for each currency pair using key Candlestick Patterns and Signals across time frames. Each trade is held for no more than a day and a half, ending before the close of the trading session the following day at 5 00 PM EST. An average Stop Loss of 40 Pips is used when entering each trade, giving a Risk-Reward Ratio of 2,5 on average for each 100-Pip trade. It is somewhat of a middle ground between Day Trading and Swing Trading as it targets a range that is similar to the average Daily Range of the most liquid pairs (70- 120 Pips), but takes place within the context of the larger 7-day Weekly Trend (300 – 500 pips). SUMMARY OF THE TRADE- APRIL 17, 2013 Ø This trade involved anticipating Bear Crown formations on both the 4 Hour and Daily Charts, within the context of the pullback taking place below Support of the Weekly Chart´s Range. Ø The trade setup on the 4H Chart was the expected formation of the Right Tip of the Crown after the…
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highwayman avatar
highwayman 23 Apr.

Nice +1 Found The Bear And It's Crown :) Thanks And Good Luck This Month :)

DaddyPapi avatar
DaddyPapi 23 Apr.

Special .. these work on all pairs..as long as the patterns are there..respek Highwayman..

Likerty avatar
Likerty 24 Apr.

Its also common that after three LLs or HHs in a row price tends to reverse (or enters in to choppy consolidation range)

DaddyPapi avatar
DaddyPapi 24 Apr.

That looks to be the case now on 4H chart

Efegen avatar
Efegen 25 Apr.

I am not good at drawing but i like it:) +1

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21/43
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INTRODUCTION AND BRIEF
HISTORY
 
The Office for National Statistics produces two main measures of consumer price
inflation: the Consumer Prices Index (CPI) and the Retail Prices Index (RPI).
The RPI was introduced in 1947 and was made
official in 1956. The CPI was introduced in 1996 as the Harmonized Index of
Consumer Prices (HICP).
In May 1997, the new government handed control
over interest rates to the politically-independent Bank of England Monetary Policy Committee (MPC). In few
words, the committee is given the responsibility of adjusting interest rates in
order to meet the inflation target set by the Chancellor. (related article here)
In December 2003 the National Statistician
decided that the UK version of the HICP would be renamed the Consumer Prices Index (CPI) and the UK
inflation target would in future be based on the HICP, replacing the Retail Prices Index excluding mortgage
interest payments (RPIX).
The difference between the RPI(X) and the CPI
is a bit complex and out of the topic
of this article, where I will consider the CPI as the most important data,
since it is the BOE’s inflation target and also for length purposes.
 
IMPLICATIONS
 
Actually the CPI tracks th…
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scramble avatar
scramble 10 July

@jose: yes that's what i'm doing! since i have a huge lack in fundamental study, i will go deep and deep in all main aspects, showing main things after i understood them. this will certainly improve my perception in markets. prize or not ;-)

AdrianWS avatar
AdrianWS 11 July

Very nice article once again, keep up the great work :)

Ficlubi avatar
Ficlubi 18 July

Nice work! It helps me to understand a bit more the factor behind GBP. It will definitely helps my trading in gbp/jpy which so far need more improvement.

shaukat113 avatar
shaukat113 20 July

yet another good article from a trader how know the art of trading

projectx44 avatar

Great article!Forex Community is looking forward to reading your next article about trading...http://www.fxcommunity.com

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