Candlestick patterns, chart patterns, support and resistance, and indicators such as RSI, MACD, Bollinger Bands, Fibonacci and Ichimoku.
54 guides
The Golden Cross is when the MA50 crosses above the MA200, and the Death Cross is when the MA50 crosses below the MA200. What they mean, their limits, and how to trade the Golden Cross…
Of all the methods of analysis, most swing traders favor the Price Action school of reading price behavior, in which candlestick patterns are…
When you look for trading strategies built on indicators, or on any other tool or method of analysis, most of what you find is…
Identifying the market trend is the first step, and it is there in any trading strategy, in any kind of market, because the trend is…
A roundup of the important bullish and bearish reversal candlestick patterns in forex: Doji, engulfing, Piercing, Harami, Hammer, Morning Star, Evening Star, Shooting Star, with how to confirm them and the rules for trading them…
Volume Spread Analysis (VSA) is a method of analysis many people see as hard to get into. It reads the relationship between volume, the range of the candle and the closing price to judge supply and demand…
The Inside Bar is a candle-inside-a-candle pattern which, together with the Pin Bar and the Fakey, is one of the patterns Price Action traders mention most. What marks it out, its variations and how to trade it…
The wedge is made of two trendlines that both slope up (rising wedge) or both slope down (falling wedge) and gradually converge. A wedge can be a continuation or a reversal pattern. How to spot one and how to trade it…
The Fibonacci sequence and the golden ratio sit behind the Fibonacci tools that are so common in technical analysis. Where the sequence comes from, the ratios that matter and how Fibonacci is used in forex…
The Hammer candlestick pattern is probably one of the candle patterns most traders know, in particular traders who follow the Price Action school, because it is very easy…
The Hanging Man is a bearish reversal candle that appears after a rise in price, with a small body and a long lower wick. What marks it out, the market psychology behind it and how to trade the Hanging Man…
The Pin Bar is one of the important candlestick patterns of the price action school of analysis. What the Pin Bar pattern stands for is the market rejecting a price…
In forex trading, oscillators such as RSI, MACD and Stochastic are indicators every trader has heard of at least once, because they are fairly simple to use…
Just about anyone who trades forex knows the Doji candle, one of the classic candle shapes because it is so easy to spot. But seeing a Doji does not mean you enter a trade straight away…
RSI (Relative Strength Index) is a momentum indicator that moves between 0 and 100, used by many traders to spot overbought and oversold conditions, divergence and Failure Swings. The formula, the setup and how to trade it…
One way of trading that we always want to point you toward, new traders, people who do not yet have much experience in the market, to choose for…
The ATR (Average True Range) is an indicator that measures how much price moves; it does not tell you whether the trend is up or down. The formula, how to set it up in MT4 and how to use the ATR to place a stop loss and a take profit…
ADX (the Average Directional Index) is the indicator that measures the strength of a trend, used together with the +DI and -DI lines to work out the direction. How to read ADX, how to set it up on MT4 and how to trade it…
A pullback, put simply, is the stretch where price temporarily moves against the main trend (up or down) that was set before it, to correct the price…
Divergence is when price and an oscillator move in opposite directions, a warning that the trend is weakening. The types of regular and hidden divergence, how to use them and what to watch out for…
The EMA is probably one of the indicators every trader has seen when they trade forex, whether they use it or not. At bottom the EMA is still a barrier, but a barrier…
Fibonacci is one of the technical analysis tools traders know best in the financial markets in general and in forex in particular, one that any trader…
Chaikin Money Flow (CMF) is a volume indicator developed by Marc Chaikin that measures buying and selling pressure from price and volume. The formula, how to set it up on MT4 and how to trade with CMF…
Carrying on our series of articles about Fibonacci, in this article we want to introduce you to a form of Fibonacci that a great many traders are fond of: the Fibonacci…
The pivot point is a familiar tool for many traders. How to trade the price zones of the pivot point: reading the session bias, and entering around R1 and S1…
The triple top and the triple bottom are reversal price patterns, variants of the double top and double bottom. How to spot a textbook pattern, how to enter, where to put the stop loss…
A Buy Limit is a pending order to buy at a price below the current one, usually used to buy at a support area in an uptrend. How to place a Buy Limit in MT4, with an example and the risks…
A Buy Stop is a pending order to buy at a price above the current one, a Sell Stop a pending order to sell at a price below the current one, and both are usually used for breakout trading. How to place them, with examples…
To carry on the series of articles about indicators, this time the article introduces one of the indicators that belong to the group used to identify the trend…
The Kijun-sen (the Kijun Line, the base line) is an important part of the Ichimoku indicator, and it shows the balance point of price over 26 sessions. The formula and how to use the Kijun-sen…
The Chikou Span (the lagging span) is a part of the Ichimoku indicator, made by shifting the closing price 26 sessions back, and it is mostly used to confirm the trend. How to read it and how to trade it…
The Tenkan-sen (the conversion line) is one of the 5 parts of the Ichimoku indicator, and it shows the short-term balance point of price over 9 sessions. The formula, the setup and how to use it…
Working out support and resistance levels matters a great deal to a trader, but it is not easy, and no level lasts forever. Why support and resistance break, and how to spot it…
Fibonacci is a classic tool in technical analysis, used by traders at every level to find potential support and resistance zones, entry points and take profit targets…
If you are a devotee of Bollinger Bands, this article will help you put the ways of using this indicator in order. This article will help you…
The Evening Star is a pattern of three candles that signals a possible downward reversal after an uptrend. What marks it out, how to enter, where to put the stop loss, and what to keep in mind when you trade it…
The Bullish Engulfing pattern and the Bearish Engulfing pattern are two patterns that a great many traders know, because this pattern can…
The bearish engulfing pattern, or Bearish Engulfing, together with the bullish engulfing pattern, Bullish Engulfing, makes a pair that traders are very fond of when…
If you are a trader, you need to be able to identify the trend to some degree, because of how much it matters. As a trend trader, the main idea behind the strategy…
Among the chart types, the candlestick chart is the one traders pick most often for technical analysis today. Compared with the bar chart, the candlestick chart…
The double top and the double bottom are basic price patterns that turn up on the chart very often, but not every one of them is worth trading. What they are made of, how they are confirmed and how to enter…
Whichever system you use, be it Price Action, Ichimoku or a few indicators put together into a trading system of your own, one of the key problems is…
When we trade, a market that has a trend can let us make more profit, but the market does not always have a trend to…
In financial trading in general, and in forex trading in particular, marking out the potential high and low areas so that you can plan a trade is an important…
In trading, if you do not have a grip on the market trend, the chance of losing money is a great deal higher. Understanding it and applying it, though, is…
Support and resistance is probably one of the most basic pieces of knowledge any trader needs when they start trading forex. The thing worth saying is that most…
Bollinger Bands is an indicator made of 3 bands built on a simple moving average and the standard deviation, which shows how much price is moving. This article covers the formula, how to set it up on MT4 and the common ways of trading it.
MACD is a momentum indicator built on two EMA lines. This article explains its parts, the MACD formula, the signal line, the histogram and ways of trading MACD with the trend, divergence and candlestick patterns.
Before you study technical analysis in depth, you need to be clear about the difference between technical analysis and fundamental analysis, the 2 basic schools in financial trading…
If you already understand Dow theory, the trendline, support and resistance lines and a few reversal candlestick patterns, this is also the moment when you can take one more step…
An introduction to reading Japanese candlesticks and the basic candlestick patterns of price action: Bullish Engulfing, Bearish Engulfing, Hammer, Morning Star, Dark Cloud Cover and Shooting Star, with notes on trading them.
When you trade forex, one of the most important things you have to do is identify the trend. When you get it right, you trade against the trend less often…
The fakey is a price action pattern that forms out of a false break from an inside bar. This article explains the structure of the fakey, how to read the bullish and bearish signals, how to enter, where to place the stop loss, and what to watch out for.
A price channel is a basic technical analysis tool widely used in forex, basic but not simple at all. A price channel is…
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