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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 »

Bullish trend-Downtrend – identify Support and Resistance levels

Bullish trend-Downtrend – identify Support and Resistance levels

  A trend is the general direction of price movement. The trend can be ascending (bullish or uptrend), descending (bearish or downtrend) or flat (ranging). The names of the trends come from the way the animals attack their victims, the bull with its head bowed moves from low to high, and the bear on its feet moving from high to ... Read More »

Market Traders Institute course -Jared Martinez

Market Traders Institute course -Jared Martinez

Market Traders Institute course -Jared Martinez   Video course By Jared Martinez markettraders.com Market Traders Institute’s in-depth Forex CD courses allow you to learn at your own pace and to study forex trading techniques at your own pace. Your trading education can advance on a daily basis at your own pace. MTI’s forex home study course is the most comprehensive Forex ... Read More »

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