The abandoned baby candlestick pattern is a three bar reversal pattern. It is similar to the morning and evening star formations and is a very reliable reversal signal when it occurs after a sharp rise or drop. While it is very similar to the morning star and evening star,it has one key difference. The real…
The “Price Action Scalper” is a trading strategy using 4 screens – it is a no indicators Forex strategy. It gives a good chance of profit, with proper risk management – and the possibility of a stable income. This universal system can be used for a very short scalping trading session as well as for…
Do you want to earn money in the arena of foreign exchange? In order to accomplish so, you should possess in-depth technical knowledge, focused on the capability of tracking currency exchange rates, through interpreting actual forex charts. If you are an amateur in this field, you should quickly discover authentic forex charts from the Internet…
When you sense a trading opportunity, the deciding factor is to know exactly when to buy. Unfortunately this is the very point at which most loose the plot by timing their entry levels improperly. But here are some basic guidelines to help you at those crucial moments: Making Proper Use of Support and Resistance If…
Forex system happens to be the greatest global trade. It taps into some movements for businessmen to gain well. One accepted Forex business agenda utilized rather gainfully in the business is called Channel Breakout. Forex Trading Channels – Channels consist of paths made on a schedule to trace the array where exchange had been transacted…
Getting emotional in the stock market is the worst thing that can happen to investors. The same goes for Forex traders as well. Seeing paper losses in everyday trade is pretty common. Forex market is largely influenced by the general market and you must always trade on what the indications based on the market are,…
When 95% of traders lose money, what makes you think you can win? To see your chances of succeeding as a forex trader, here is a checklist for you to see and become one of the elite traders, who make tremendous long term profits. Following are a few ways to lose money. You may…
There is no one single super smart Forex trading tool which gives you profit, profit and more profit. The only possible solution is to use a combination of different tools to identify the favorable market forces to get a maximum number of high probability trades over a period of time. Trendlines are the most popular…
Understanding expense trends of Forex is not easy at all. Businessmen often get wrong ideas and make agendas based on them and suffer losses. The following can help you understand the trends: You predict the Forex expense trends Businessmen observe a certain level and jumps on to it thinking that it’s stable. However, this is…
Bullish Harami candlestick Bullish Harami Pattern Characteristics of Bullish Harami: 1.Bullish harami is a 2-candle pattern. 2.The first should be a long red candle. 3.The second should be a smaller green candle. 4.The Japani word,Harami means pregnant. 5.The formation of the two candles look like a pregnant woman.The large candle is the woman,who carries the…