ForexCollege

ForexCollege Updated 

Can it be possible that we have a double top pattern? On the chart we indicate possible moves using arrow lines to trade this setup. The next possibility is, can the price move to 70k? For now, we will see this as a tentative Double Top Pattern and trade it to the downside, using well calculated stop-loss just above resistance. Should it hit support we will...

ForexCollege Updated 

On the chart I have indicated an uptrend, two sideways trends and a Choppy market. The best one is the Choppy Market / Trader Killer, as I like to call it, this is where inexperienced traders get hammered and most of the time bust trading accounts and are sometimes out of the trading game for good. Watch out and trade choppy markets with caution. This is for...

ForexCollege Updated 

Looking at this illustration we can see that the price of Silver is moving in a sideways trend, How long this fight between the bulls and the bears are going to continue we have no idea. If you trade on low timeframes you can trade within the rectangle, but if you are a more conservative trader and have patience you can wait for a breakup or break down. ...

ForexCollege Updated 

Price close to our first target area. Again we are back to consider what the market can do, and come up with candidate moves for our best next trade. Possible scenarios indicated with arrows. If we see a break of the rising resistance line then we will re analyze. Information, charts or examples contained in this analysis are for illustration and educational...

ForexCollege Updated 

The rising wedge pattern typically represent a reversal, however in market conditions lately we've learned to stay open minded and that anything is possible. We will focus on the candlestick story teller within the patter. Is it the bulls or the bears who dominate this pattern?. A trick we use is to fade the candles, at this point in time it seems like the bulls...

ForexCollege Updated 

At this point we can not see any evidence that a trend change will take place soon. We do expect a correction of some sort and will use Fibonacci retracement if needed, but if the correction don't happen then the price might rally to the upside and we will be good to ride that wave to. This is only our opinion of what we think the market can possible do , and our...

ForexCollege Updated 

Always consider what the market can do, come up with candidate moves for your next trade, and select the move with the highest probability. We might have a tentative bearish pattern and expect a break to the down side. However with all the uncertainty we will stay open for a move higher. On this chart we can see a horizontal and up trending line intersect at the...

ForexCollege Updated 

Price (1hour) is getting close to the apex of two converging lines. Normally the price breaks before the apex, if the price start swinging around this area it is indication of high volatility (bears and bulls are fighting heavy). Or should I say retail traders and hedge funds. Can we expect a thrust move up or down. Always consider what the market can do and then...