Pitchfork Method for Analyzing Trends and Price Channels
Jul 10, 2017
The characteristic “pitchfork pattern” is very common in forex and in other charts. So this is a method that has great practical application.
Heikin Ashi Charts and How to Use Them
Mar 21, 2017
Heikin Ashi is most useful for visually identifying places where the market is trending. This makes them suited to scalpers, swing traders, and day traders.
“Cheat Sheet” of Common Charting Patterns
Feb 22, 2017
The following cheat sheet will help you to identify the most common technical patterns that appear in forex charts. Click each heading for more information.
The Descending Broadening Wedge
Feb 21, 2017
The descending broadening wedge is easily spotted on a chart. It looks like a megaphone with a downwards tilt. It’s equally likely to appear in downtrends as well as uptrends.
Ascending Broadening Wedge Patterns
Feb 10, 2017
The ascending broadening wedge is a chart pattern that can be traded in several ways; either as a bullish/bearish breakout or with a swing trading strategy.
Broadening Wedge Patterns – “Megaphones”
Feb 7, 2017
A broadening wedge is a range where the price is holding between two trend lines that are moving apart. The pattern is also named a "megaphone" because of its shape.
How to Predict Price Channel Breakouts in Forex
Feb 3, 2017
When using channels it’s good to know how spot the first signs of a price channel breakout - either if you are trading the range or the breakout itself.
Interpreting Price Channels and Rectangles
Feb 1, 2017
Both rectangles and price channels appear in virtually all forex charts. Price channels can provide excellent opportunities for trend trades.
Is the Bullish Engulfing Candlestick a Reliable Pattern?
Jan 27, 2017
A bullish engulfing candlestick can be a useful buy signal. But in order to trade them we have to be able to recognize reliable patterns from the false ones.
Bearish Engulfing Candlestick: When is it a Strong Reversal Pattern?
Jan 25, 2017
If you’d blindly traded the bearish engulfing candle over the past decade, you’d probably have done slightly worse than if you’d traded on a coin flip.
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