On the release front, there are a host of US events ahead of the Christmas holiday. In fact, the lack of volume means there could be bouts of high volatility. Before electronic trading became commonplace currency trading was accessible only to large financial institutions, corporations, banks, hedge funds and extremely wealthy individuals. Online forex trading never sleeps and goes on all around the world 24 hours per day, 5 days a week.Forex market is more of a speculative market, with no physical exchange of currencies ever signaal of my favourite price action trading patterns is the fakey jews.
There are many reasons why I like this pattern but perhaps the most important is the meaning behind it and its newsletted to be a reliable indicator of potential near-term (and sometimes long-term) market direction. In other words, a fakey is when price initially breaks one way from an inside bar pattern but then dignal snaps back the other direction, creating a false break of the inside bar structure.Now, as I mentioned previously, the meaning behind a fakey is what really attracts my attention when I see one on the charts.
Essentially, a fakey means that the bigger market players (banks, hedge funds, big money traders) have either, 1) Purposely ran the stops (stop losses) on small retail.
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