Every algorithmic trader knows the feeling: you find a great trend-following strategy, it works perfectly during a rally, and then the market goes sideways. In a matter of days, the “chop” eats up all the profits made during the trend. This is especially true for XAUUSD (Gold). Gold is the king of volatility—it trends harder…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Systematic Trading For A Living In episode 490 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Laurens Bensdorp who talks about systematic trading for a living. He highlights the role of programming in developing…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Trading Wisdom from an Experienced Funded Trader In episode 489 of the Desire To Trade Podcast, we will be listening to the recording of an interview with John Bannan, who shares trading wisdom from his experience as a funded trader. Their discussion also…
Forex Wisdom Forex Tips for every Trader Any market, be it real estate market or forex market, is all about transferring money from the masses to a few lucky ones in the long run. In most real property speculation cases, the masses make money ,a lot of money, but the money stays as paper…
Forex Trading Glossary N-O Narrow Range BarA trading bar with a smaller price range relative to the previous bar’s price range or a smaller price range as compared to an average of a period of previous bars. NecklineDuring the development of a reversal or consolidation pattern, a trend line may be drawn along…
Goofy – Forex trading advisor based on Elliott wave theory including the system – 7thlab – WAVE THEORY. 7thlab – WAVE THEORY is an automated system that helps traders analyze the market and make trading decisions without personal intervention. To do this, the advisor uses Elliott Wave Theory to determine entry and exit points for…