Forex Market Sentiment

Candlestick Patterns-Hammer-Shooting Star-Evening-Morning Star

Candlestick Patterns-Hammer-Shooting Star-Evening-Morning Star

Candlestick PatternsHammer & Shooting Star & Evening & Morning Star   Candlestick patterns are useful for Price Action Trading , they provide useful information about the market. They are quite effective when used in conjunction with other technical indicators and tools. I find the hammer and evening star especially useful because they can serve as warning signs of price reversal. A candlestick is a visual representation ... Read More »

How to be a successful and full time trader

How to be a successful and full time trader

  How to be a successful and full time trader !   The security of a regular pay check and the insecurity of a volatile market keep traders that are ready to make the leap to a full time and successful trader from actually crossing that line. It’s a valid reason to never cross that line in the sand. No one can ever be ... Read More »

Fibonacci Sequence, Ratios and Retracements

Fibonacci Sequence, Ratios and Retracements

  The Fibonacci sequence was discovered by Leonardo Fibonacci da Pisa. In the year 1202, he wrote a book called “Liber Abaci” which introduced the sequence to Western European mathematics. The Fibonacci sequence is a series of numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 and on to infinity. The formula for the Fibonacci ... Read More »

Elliot Wave Principle and Theory

Elliot Wave Principle and Theory

  Elliot Wave Theory and Principle   Although my system mainly focuses on Channels and Fibonacci retracements, I also pay attention to the Elliott Wave Theory, because it provides vital information about price movement. The Elliott Wave Principle is a type of technical analysis that utilizes past cycles or repetitive patterns to identify predictable market behaviour. It was developed by ... Read More »

Parabolic SAR (Stop & Reverse)

Parabolic SAR (Stop & Reverse)

  Parabolic SAR (Stop & Reverse) The Parabolic SAR is a trend-following technical indicator that identifies the direction of a security’s momentum and serves as a trailing stop. It forms strings of dots shaped like a parabola. It’s called “SAR” (Stop and Reverse) because when reached by the price, it stops the current string and reverses to the other direction ... Read More »

Trendlines and Channels- Draw a manual Trend line

Trendlines and Channels- Draw a manual Trend line

Trendlines & Channels As mentioned earlier, a trendline is a straight line drawn over the price to connect the swing highs in a downtrend, or under the price to connect the swing lows in an uptrend, to represent the main direction of price and to identify areas of support and resistance. Pivot points are essential in drawing trendlines. Pivot points ... Read More »

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