Improved Technical Analysis

Table of ContentsWhy some traders fail trading the Improved PatternsGartley PatternTargetsStopsThe Bat PatternTargetsStopsThe Butterfly Pattern 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 …

Harmonics and the AB=CD Pattern

Table of ContentsHarmonicsWhat are Harmonics?AB=CDAB=CD sum up 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 …

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 …

Risk to Reward Ratio

What is a risk to reward ratio? A risk-reward ratio is a calculation of how much you are willing to risk in a trade, versus how much you plan to aim for as a profit target. The basic principle behind the risk to reward ratio is to look for opportunities where the reward outweighs the risk. The greater the possible …

Psychology and Trading

A lot of people talk about the ultimate winning strategy – which, to be clear from the beginning, doesn’t exist. But what most of these ‘experts’ usually don’t tell you is what actually gets you towards your goals and the money you want when trading. The Power of Mind Some people say that the market never goes straight in one …

Choosing the right Forex broker for you

Let’s face it: in today’s world, with a myriad of websites and brokers to choose from, looking for the right broker that suits your needs can be challenging and quite time consuming. But don’t worry, we made it our mission to simplify this process for you and give you the best overview of what’s available on the market and under …

Three main stages of price movement

In this article we will be explaining the three most critical stages of price movement. Stage one is the trending stage, followed by the ranging stage and stage three is the transitionary stage. These are the three most important steps of the price. Price moves through these stages over and over and over and thinking about price in these various …

Candles are Price

Candles are a highly detailed story about what prices had done recently and what it is doing right now. The picture on the left is a reversal pattern? No, this is just some indecision at the end of a trend. It might be a transitionary period, or it might be a short range or resting period from which price will …