Currency Correlation and Stop Hunts (part 2)

In the next example, we’re looking at another set of highly correlated pairs, and this is the sterling-yen vs the euro-yen, so we’re looking for the same process as we did in any last example. We’re simply going to be looking for the manipulation of retail orders at an identified level within a relatively narrow timeframe. In this example, I’ve …

The Midweek Reversal and Trend Continuation (part 1)

In in this section, we’re going to look at the midweek reversal and also the trend continuation. What this refers to is in our last lesson you learnt that after three levels of rising or three levels or fall smart money will tend to do one of two things. They will either reverse the prior trend after a stock hunt …

Currency Correlation and Stop Hunts

In this section, you’re going to learn a potent technique that would allow you to confirm that a stock one has taken place and also increased the probability of thriving trade and we do this through the use of currency correlation and stock hunts. So identifying correlation within the price section of two or more essential currency pairs can help …

Foundation Of Technical Analysis

The First Day When deciding to learn something new, whether it being sports, academics or trading, there always has to be a foundation. You can ask any professional athlete, none of them will say that he was just born tremendous or “I just have a gift “. With excellent results, there will always be the foundation and hard work. All …

Fibonacci Ratio Trading

You could compare ratio trading to a lot of things in this world to get the complete comprehension of what it is and how it is used. Let’s say that you are an architect and you are planning on drawing the next skyscraper in New York. Even though I do not know the first thing about drawing blueprints or architecture …

Improved Technical Analysis

In this section, we are going to go over all the technical things you have learned so far, tie them all together, learn about the “improved harmonic patterns” or otherwise known as “advanced price patterns”. The reason we like to calling these patterns improved patterns is because, well, they have improved from the patterns we have covered so far. The …

Harmonics and the AB=CD Pattern

Harmonics In the markets, we will often find harmonic moves, such as AB=CD patterns. These patterns are often found and can be very profitable if traded right. When we say traded right, we mean in conjunction with other elements in the market, a DT/DB comes to mind. Other elements include fib clusters, RSI or different oscillator OB/OS, Divergence and the …

Economic Releases and Coincident Indicators

  An economic indicator is a statistic about a particular economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. To start off, there are three types of indicators related to economic releases: Lagging Indicators Coincident Indicators Leading Indicators For now, we only need to focus on number 2, Coincident Indicators. Coincident indicators Coincident indicators are a type of economic indicator and these …

What is Forex and How to Trade Successfully

The very first question you should ask yourself before entering the world of (Forex) Trading is: Why am I interested in Forex and Trading? Potential answers may include: You want to make money You want more time to spend with friends and family You want more time to focus on other business opportunities You want more money to invest to …

Candlesticks in Trading

The Candle Origin and History The history of candlestick charting dates back to 16th century. It was developed by Japanese traders in the 1600’s, to trade rice contracts. Until about 1710, only physical rice was being traded. Later a futures market emerged where coupons, were issued, which were records of promise of delivery of rice at a future time. This is the …