Quotes of the Day

To ensure the best chances of success, owning an interest in all of the world's stock markets is a good idea. [2017] - Andrew Hallam

It’s always important to be aware of what’s going on in other financial markets. But it’s also essential to view each market in its own perspective and to trade each market individually. [2007] - Mark Galant

Market data can motivate purchasing when people might not even feel they need the product. [2007] - Chet Holmes

Since we know that the London session has the highest volume, we’ll consider breakouts that occur during this session to be legitimate. We would especially consider these breakouts to be significant if they occur early in the session, as this is the time of day that normally generates the highest volume and the greatest liquidity. [2007] - Ed Ponsi

If we have determined that we are in an uptrend on the daily chart, we can go long if the price falls to a level of support on the hourly chart. Or we can go long if an oscillator, such as RSI(calculated using 14 periods), indicates that the pair is oversold on the hourly chart (I recommend waiting for the oscillator to drop from the over- bought level and into neutral territory). Enter long with your stop below the area of support. An active day trader can use a four-hour chart as the longer-term chart and a 15-minute chart as the shorter-term chart. [2007] - Ed Ponsi