Question Where price trades up to test a former swing high, this is an example of what sort of pattern and what should we look to do? Beginning as a private retail trader, James developed a strong interest in understanding the fundamental aspect of the market before pursuing technical trading capabilities which he now uses to identify opportunities over a short-term horizon. Alongside his market experience, James is also IMC certified having achieved the qualification to help further his understanding not only of the markets but the industry as a whole.
James has a strong interest in both fundamentals and technicals and uses both forms of analysis in generating and executing trade ideas, with trades generally lasting from a few hours to a few days. How Low Can the Euro Go? Making Sense of the Whipsaw in Markets. Save my name, email, and website in this browser for the next time I comment. By James Harte Last updated Mar 29, Test Your Skills Learning to trade Forex can be a life altering endeavour and hopefully, you are learning a lot of valuable skills from the educational content we provide and the webinars we run.
Buy or Sell? Bullish trend or a bearish trend Question 3: The chart below depicts a classic technical phenomenon. Bearish breakout or a bullish breakout Question 4: The chart below shows another classic technical situation.
Bullish channel or bearish channel Question 5: In the chart below you can see a typical situation that traders use indicators to highlight. Bearish divergence or bullish divergence Question 6: Where we identify price testing a clear resistance level and the RSI indicator is telling us that momentum is overstretched to the topside, this is a good opportunity to?
Buy or sell Question 7: The highlighted candle is an example of which type of candlestick and what does it tell us about the market Engulfing candlestick or pin bar candlestick Price likely to keep going up or price likely to reverse lower Question 8: The chart pattern highlighted by the converging yellow trend lines is an example of which type of classic chart pattern?
Oversold momentum, bullish confluence or bearish confluence Question Where price trades up to test a former swing high, this is an example of what sort of pattern and what should we look to do? James Harte. You might also like More from author. Most Popular. Do you have any questions about the quiz? Don't hesitate to contact us. What should you do? B The difference between bid and ask price of a currency pair.
C The difference between the stop loss and the profit target. D An erotic police film from the s. A 5 days a week, 12 hours a day. B 5 days a week, 24 hours a day. C Monday through Thursday, 24 hours a day. D Always. Question 6 You are a day trader and are having a rough day. You opened six trades earlier and all six have been stopped out.
You are pretty frustrated. What would you do? A Man up and open up six new trades. B Man up, open six new trades and give them more room to breathe than the last six trades put your stop loss further away C Call it quits for today. Question 7 You are a beginning trader and have put on a position to speculate on the euro going higher.
You have set your stop loss at 30 pips. After about half an hour the trade is very close to your stop loss, but you have a feeling the price will still make a turn for the better. What do you do? A A successful trader trades on instinct. Listen to your gut and move that stop loss down to give the trade more room.
B See if there are news events supporting your gut feeling. If so, move up the stop loss. If not, only move the stop loss if your gut feeling is unchanged. C Nothing. D Open a second trade, with the same target as the first. Leave the stop loss of the first trade unchanged.
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