EURUSD Gaps Lower: How to Trade in a Geopolitical Market I can’t remember the last time European politics was a market factor but as this chart shows, the gap opening down in the EURUSD suggests this is...
EURUSD Daily Outlook for coming week & Important Data In the coming week some very important data is awaiting us – Check it out on Economic Data Calendar. Especially pay attention to Wednesday US Data : Inflation...
The 8 Main Variations of Gartley Patterns in Trading It’s impossible to talk about Gartley patterns without talking about Harold McKinley Gartley. He was once known for a stock advice service that he ran in his day...
What are the 6 Harmonic Price Patterns in Trading? After you get some basic charts down, you can move on to something like harmonic price patterns in the financial markets. The idea behind these patterns is that...
How to Trade Using Elliott Waves as Your Guide Elliot Wave Theory is used by plenty of traders to try to spot trends in the market and take full advantage of them. You have likely heard of...
The 3 Fundamental Rules of the Elliott Wave Theory Elliott Wave Theory relies on people being able to identify waves in the charts. There is no surprise there. However, there are three immutable rules that you must...
Beware: Divergences are Not a Trade Signal (nor an Exact Science) One thing that you cannot afford to get mixed up is this: Divergences are an indicator NOT a trade signal. It would be a bad idea...
The 10 Commandments of Trading Divergences Divergences are what traders use when they are trying to spot a trend that is getting weaker. They want to see a trend that is getting weaker because they may believe...
How NOT to Get in Too Early Trading Divergences You may have your finger on the button ready to place a trade the moment that you believe you see a trading divergence appear on your screen. While...
Let me state from the outset that the forex market is one of limits. It’s a fickle market more prone to intra-day reversals than breakouts and sustained moves. This is why I look at the forex market...
Elliot Waves are fractals. This means that each wave is made up of self-similar sub-waves that also have some relevance in the market. In other words, the same 1-2-3-4-5-a-b-c pattern that makes up the basic Elliott Wave...
What does it mean to fade the breakout? This is the type of trade that one can make when they trade in the opposite direction of the breakout — or trading the FALSE breakout. You would always...