Chart patterns in trading
The key is to spend time learning the basic rules so you can use these methods most effectively with your trading strategy. See our stock chart patterns guide for a comprehensive overview of the 11 most important chart patterns you may come across.
While the idea of trading patterns may seem strange, it’s based on carefully tested...
Managing Risk Efficiently in Six Steps
Any analyst or trading guide will tell you how important it is to manage your risk. However, how does one go about managing that risk? And what exactly do they mean by managing risk? Here is a step-by-step guide to one of the most important concepts in financial trading.
1. Determine Your Risk Tolerance
This is a personal...
Charting Basics – Bars vs. Candlesticks
Charting Basics – Bars vs. Candlesticks Services Online
What are bars and candlesticks?
A chart is a graphical representation of historical prices. The most common chart types are bar charts and candlestick charts. Although these two chart types look quite different, they are very similar in the information they...
Hy dear Members, As you all know very well that we have completed 1k Followers at this Trading view Platform. And first i want to Mention That As soon as Our Followers and likes will increase i will share more forex Knowledge as i am going to share now. Here this is our first educational post here and i want to tell the basics of technical analysis and secret...
Commodity Prices and Currency Moves
When trying to distinguish the relationships between certain commodities and currencies around the world it helps to realize that situations can change and the relationships are fluid. However, there are some time-tested relationships that have been established over the years that may continue to hold true well in to the 21st...
Here I'd just like to go over a great buy position on EUR/AUD.
We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels.
Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764...
Good Morning Traders. Here is an educational piece on two key things.
Before trading a currency pair, we want to head to at least the daily chart to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows.
Here is a clear long term downtrend on...
In this video I go over the 4 reasons traders fail and give you a few tips to fix that!
The reasons are simple,
1. Not having a complete trading system
2. No possesing specific skills
3. Having limiting beliefs
4. Not having self-discipline
I hope this video helps to make you a better trader! and if you liked it, give it a like and a comment it will help other...
CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade.
If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting...
In this video I go over 4 powerful trading tips ever trader needs to know!
The tips are simple and if followed can generaate success and profits and most importantly longevity in trading!
Quickly I also go over my active trade, GBPNZD sell.
Anyway, hope you like the video!
Not found that crystal ball that everyone else “has” to tell you where price will go? Sick of chopping and changing strategy? Keep changing signal groups? Struggling with chart analysis? Want more time in life rather than spending hours on the charts?
We don’t have a crystal ball and we don’t use any technical chart analysis... however we do have a ...
UPDATE: GBPJPY ANALYSIS REJECTION. Beautiful trade today with an easy R:R of 1:4. This zone had formed on Wednesday and we had waited for price to return to this area. As you can see it was a really power zone sending the price back up.
USDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
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Going back to my analysis on the bigger time frame of NZDGBP, we can see the moving to take a closer look on the 15 minute chart, that the price action has made a lower high and a lower low signifying that the price action will or has reversed as it is at a key resistance level.
Additionally, we can see that we have divergence on the histogram signifying a loss...
I caught a nice trade here yesterday on AUD/NZD.
Price had recently broken through resistance, and we saw a strong bullish break out move.
As the bullish momentum slowed down, we saw bears come back into power and drove the price back down to resistance. At this pint, we need to look for 2 actions:
- Either price will break through the resistance level and...