Three White Soldiers: The three white soldiers candlestick pattern is one of the bullish patterns that can be used either as a bullish reversal signal or bullish impulsive price continuation confirmation. The three White Soldiers’ candlestick formation consists of three bullish candles with each candle closing higher than the previous candle. These […]
FLAG PATTERNS
Flag Patterns Flag patterns are trend continuation patterns traders use for technical analysis and future price movement prediction. They are created mostly when the market price is ranging or in consolidation mode. Flags signify the continuation of the immediate market trend. However, we have two types of flag patterns and […]
Just Another Forex Trading Story
Trendline Breakout Strategy
Trendline Breakout Strategy TBS This strategy is a fantastic strategy that is commonly used in forex trading by experienced traders. Trendlines are lines drawn to connect two or more price wave turning points on a chart especially when a trend is formed. It is an important tool for Forex technical analysis […]
Harmonic Patterns
Harmonic Patterns Harmonic patterns are used for technical analysis and the main function is to predict future price movement. It is a trading strategy that works with Fibonacci retracement and extension ratios. However, the Fibonacci ratios used in the analysis and measurement of Harmonic patterns are 0.382, 0.50, 0.786, 0.886, 1.27, […]
Introducing the Pips-Beantrapper Indicator!
Pips-Beantrapper Signal The Pips-Beantrapper is a combination of signals from two Meta Trader indicators. The indicators are Stochastic Oscillator and Awesome Oscillator. The above indicators signal are combined with the position of the currency pair candle bar to the 5 Linear Weighted Moving Average. Check Out Support and Resistance LONDON […]
How To Setup A Demo Trading Account – Strictly For Beginners!
Introducing The Beandicator Signal!
Beandicator Signal The Beandicator Signal is a combination of signals from five Meta Trader indicators. The indicators are Stochastic Oscillator, Accelerator Oscillator, Awesome Oscillator, MACD, and Average Directional Movement Index. The above indicators signal are combined with the position of currency pair price to the 50 simple moving average. Check Out […]
Support And Resistance
Support And Resistance Support and Resistance in Forex trading are levels where price is expected to reverse or bounce. They are simply “price turning point” levels. The support (demand) and resistance (supply) levels are areas where price is rejected once or in multiple times. Identification of support and resistance forms part […]
ELLIOTT WAVE PRINCIPLE
Elliott Wave Principle The Elliott wave principle, was discovered by Ralph Nelson Elliott and it is a technical analysis tool of Forex price movement that is based on sentiment of market participants. The Elliott wave principle works perfectly with price trends with respect to highs and lows of price, resistance, […]