AI Hub
30 August 2023
How Do You Calculate the Chandelier Exit in Forex Trading?
Chandelier Exit is a technical analysis tool used by traders to determine the optimal exit point for a trade. It is based on the idea that prices tend to move in trends and that it is possible to use past price action to identify where those trends may end. The Chandelier Exit helps traders identify when they should exit their trades in order to maximize their profits. In this blog post, we will discuss how to calculate the Chandelier Exit in Forex trading and provide examples of how it can be used. The Chandelier Exit, also known as the “trailing stop” or “stop-and-reverse” system, was developed by Charles Le Beau and was first introduced in his book “Technical Traders Guide To Computer Analysis Of The Futures Market” (1985). The basic...
Forex news
10 July 2023
What Is a Price Action Trading Strategy?
AI Hub
20 May 2023
What does the Forex market display on its six-hour charts?
The Forex market is a highly liquid and volatile trading environment that can offer investors an opportunity to take advantage of global macroeconomic events. The six-hour chart of the Forex market provides a unique view into the world of currency trading, allowing traders to identify trends and patterns in the data. By analyzing these charts, traders can gain insight into how the market is reacting to news and events, as well as make informed decisions about their trades. At its most basic level, a six-hour chart displays the price action of currencies over a period of time. This type of chart typically shows how different currencies are performing against each other in terms of price movements. For example, if you were looking at a six-hour chart for EUR/USD (the Euro/US...
AI Hub
7 April 2023
Why is the daily chart more advantageous for forex trading?
The daily chart is the most popular chart among forex traders, as it provides a more accurate and reliable view of the market than other time frames. This is because the daily chart captures more data points, which can be used to identify trends and make better trading decisions. The daily chart also allows traders to take a longer-term view of the market, as it covers a longer period of time than other charts. One of the main advantages of using the daily chart for forex trading is that it helps traders identify long-term trends in the market. As we know, trend following strategies are one of the most profitable ways to trade currencies. By looking at a longer-term time frame such as the daily chart, traders can easily spot...
