About Forex Technical Analysis
Forex or Foreign Exchange is the largest international market for trading of foreign currencies between large banks, money speculators, financial institutions, multinational corporations and...
View ArticleSupport and Resistance Levels
Support and resistance are respective price levels at which prices stop going down or up. Support levels indicate the price at which most traders believe that prices will move higher. Resistance levels...
View ArticleTrend Channel and Range
A channel is formed when the currency fluctuates in the middle of two parallel trendlines, i.e. between the resistance and support levels. To display a trend channel, we first draw a trendline. In the...
View ArticleThe Head and Shoulders Pattern
The head and shoulders pattern is a term used in technical analysis that refers to a pattern in which there is one high peak between two lower peaks, thus resembling a head and two shoulders. The...
View ArticleUnderstanding the Meanings of Overbought and Oversold
The terms “overbought” and “oversold” are commonly used by analysts when talking about the condition of the market. These terms appear to be complex but they can be simple to understand. They are very...
View ArticleUsing Trend Lines for Support and Resistance
We always recommend to new traders taking the Daily FX Course to use support and resistance as one method to help time their entries and exits. One of the best tools for determining support and...
View ArticleWhat a Trend Change Looks Like
With expectations of USD strength in 2010 by many analysts, it might be a good time to look at what a trend change looks like on a chart. The current EUR/USD daily chart shows a good example of what to...
View ArticleMultiple Time Frame Analysis
Multiple Time Frame Analysis is the practice of analyzing a currency pair by looking at the same pair through several different time frames on charts. The advantage here is that by looking at a larger...
View ArticleDetermining the Trend
You may have heard the expression “the trend is your friend”. Well, that could not be more true when it comes to trading. Being able to identify the trend on a currency pair — the direction in which...
View ArticleBasics of Technical Analysis
In this lesson we will go over the various types of charts that are available to traders to conduct technical analysis of a currency pair. Types of Charts Technical Analysis all comes down to the...
View ArticleSupport and Resistance
Of all the strategies used to identify an entry into a trade, the use of support and resistance may be one of the more reliable. A move up through resistance or down through support serves as some sort...
View ArticleForex Technical Analysis
Forex traders who employ technical analysis techniques often just use past exchange rate movements seen in the market to forecast the future exchange rate behavior. Technical analysis takes many forms,...
View ArticleThe stochastic oscillator – a harmonious system of trading
In the section of technical analysis we have presented the stochastic oscillator. We have talked about what it is, how it is calculated, what its graphic representation is and how it influences trading...
View ArticleWilliam Gann – A Legend
1. Who was William Gann? William Delbert Gann was born June 6, 1878, in Lufkin, Texas, to Sam H. and Susan R. Gann, immigrants to Texas from the British Isles. Lufkin is midway between Houston and...
View ArticleDo moon phases influence financial markets?
Our opinion is that they do! Let’s find out if we are right… We will tell you what moon phase means and what new moon and full moon is. We will find out when these events happened last year. We will...
View ArticleImportant aspects between planets and their influence over financial markets
In this article we will discuss about “important aspects” in astrology. These are astrological aspects between planets lasting a long period of time (at least 3 or 4 months) and having a strong...
View ArticleMoon Void of Course Periods
We will explain what moon void of course is, the influence this astrologic event has over people and what happens during these periods on the financial markets. We will study the graphics for DOW and...
View ArticlePerigee and Apogee of the Moon
In this article we will talk about the perigee and apogee of the moon and the influence they have on the events in the financial market. Is there any connection between these astrological moments and...
View ArticleRahu and Ketu
We will discuss in this article about some concepts in Vedic astrology. We will find out the meaning of Rahu and Ketu, their significance and the effect these ”planets” have according to the Indian...
View ArticleRetrograde motion of Mercury and Venus
In this article we will discuss about retrograde planets. We will see the influence this astrological aspect has over people (traders included!). We will find out when these aspects happened in the...
View ArticleThe days of the week and their governing planets
In this article we will discuss about the days of the week. We will find out that every day is governed by another planet. We will analyze each of the working days and their characteristics. We will...
View ArticleWhat are the ephemerides and how do they help us?
In this article we will find out what the ephemerides are, how are they calculated and what their role is. We will study some planets’ ephemerides and find the link between them and the financial...
View ArticleWilliam Gann’s Square of Nine
In this article we will discuss about one of the many methods of analysis William Gann used. He revealed some of his methods to be used by those patient and wise enough to study and understand them. We...
View ArticlePivots
In this article we will discuss about a widespread, well-known key element of technical analysis. Why do you think technical analysis especially some elements work so well for financial markets? Why do...
View ArticleTrend lines, resistance and supports
In this article we will discuss about a widespread, well-known key element of technical analysis. Why do you think technical analysis especially some elements work so well for financial markets? Why do...
View ArticleDOW and EUR/USD
In this article we will discuss about the correlation between DOW and EUR/USD. We will see if this correlation exists. We will try to find if it is true that both markets share the same money and...
View ArticleDOW, S&P 500 e-mini – CFD, futures
In this article we will talk about what we should trade and how we should do it. What financial products are more convenient for trading? Why do some traders prefer the futures version of S&P 500...
View ArticleUsing Long Wicks for Stop Placement
As we consult the charts during our live webinars each day, when “long wicks” present themselves , we definitely take advantage of them in our trading plans. Let’s take a look at the Daily chart of the...
View ArticleWhen the Market Gives Ranges, Trade Ranges!
Amongst traders, the market condition that is, oftentimes, most neglected just so happens to be the condition that can seem to be most prevalent. Created with Marketscope/Trading Station 2 While the...
View ArticlePrice Action Breakouts
Price action traders feel that everything that is needed to analyze markets is available directly from the price chart, including a mechanism with which to enter into strong moves AS they begin. What...
View ArticleHere’s How to Validate and Trade a Channel
Think of a trading channel as a horizontal trading range being turned at an angle. Where the range is trading between relatively defined levels of support and resistance over time, the angular channel...
View Article3 Power Methods with The Moving Average Indicator
One of the most popular Forex indicator is the moving average – and any newbie hears about the MA crossover strategy and how profitable it is. Well, sorry to burst the bubble but it is not profitable,...
View ArticleExploiting the Power of Technical Analysis
Technical analysis can help you forecast the future directional movements of price by studying the historical data records of any asset of interest. Fundamentally, your primary objective is to attain a...
View ArticleFundamental Analysis Vs Technical Analysis
An important part of any beginner’s learning strategy should be on knowing the difference between fundamental analysis and technical analysis. A lot of investors/traders do a fundamental or technical...
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