At SMB Forex, we define a “parabolic” market movement as one that goes higher or lower pretty much in a straight line. These thrusts of momentum carry important information for our analysis when we are operating within the rules of our proprietary swing trading strategy. Let’s use some recent price action from the GBP/USD pair. While it stayed within a … Read More
Guest Blog: Intraday reversal trade
A look at a developing trader’s reversal trade in NBL on 1/29/11