Forex Trading Room Recap 10/10/12

mprincipatoMarc Principato, SMB ForexLeave a Comment

In this segment Marc Principato, CMT analyzes the 1 minute EUR/USD chart. He points out why it is so important to have the patience to wait for the 3 elements of a setup: Level, Pattern and Confirmation. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions

Unleashing Trading Potential: Leveraging Market Profile Strategies

mprincipatoGeneral Comments, market structure, SMB Forex9 Comments

The new trader is usually in a rush. They want to be handed a system that will make them profitable practically overnight. A professional and consistent trader is one who is usually informed in a way that goes against the conventional. Getting to that level of knowledge requires building enough experience with conventional information so that you can make it … Read More

Three Ways To Gauge Volume in the Forex Market

mprincipatoGeneral Comments, SMB Forex1 Comment

Volume is a key component in technical analysis and in momentum based trading strategies. Heavy volume usually leads to sustained price trends and higher quality intraday momentum. In contrast, lack of volume usually leads to a lot of broken keyboards, computer screens and accounts. So it can be very beneficial for a trader of any instrument to have a sense … Read More