Japanese Candlestick Cheat Sheet

Did you click here first? If you did, stop reading right now and go through the entire Japanese Candlesticks Lesson first!

If you’re REALLY done with those, here’s quick one page reference cheat sheet for single, dual, and triple Japanese candlestick formations to easily identify what kind of pattern you are looking at whenever you are trading.

Secrets of Successful Traders Forex

Some of the industries most notable experts have contributed to this book. Now you can learn what they already know... How to use technical analysis to improve your odds in the market.

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MACD Indicator: Trade it Like a Pro (Part 2)

MACD Indicator: Trade it Like a Pro (Part 2) 

Practice these concepts with a free practice charting and trading account here Youtube : Tutorials

How to draw Forex Fibonacci Retracements & Extensions Level

How to Trade the MACD Indicator Like a Pro Part 1

How to Trade the MACD Indicator Like a Pro Part 1 

Practice these concepts with a free practice charting and trading account here Youtube : How to Trade the MACD Indicator Tutorials

"High Profit Trades found with Candlestick Breakout Patterns"

"High Profit Trades found with Candlestick Breakout Patterns"

For more information Youtube : Tutorials

Fibonacci Forex Trading Strategies for Beginners Tutorials

 Can you use Fibonacci as a leading indicator?
Can you use Fibonacci as a leading indicator? Youtube : Fibonacci Forex Trading Strategies for Beginners Tutorials

Beginner's guide to investing: the currency markets - MoneyWeek Investment Tutorials

Tim Bennett explains the key features of the currency markets. The influences affecting an exchange rate, what currency 'pairs' are, and how to trade them.Don't miss out on Tim Bennett's video tutorials -- get the latest video sent straight to your inbox each week, before it's released on YouTube: MoneyWeek Investment Tutorials

Millionaire Forex Trader Shares Secret Strategy For First Time!!

Millionaire Forex Trader Joseph Nemeth shares strategy and automated system that has impacted thousands of lives positively and plans to impact even more. His dream is to help people all over the world become successful forex traders! Get Video Forex Trader Shares Secret Strategy:

Moving Average Strategy Video

Here is a strategy using the 100 SMA and 200 SMA. I learned this strategy from Greg Michalowski who is the FXDD Vice President & Chief Currency & Trading Analyst. Whew, long title! Also Greg has a book out that is very good called "Attacking Currency Trends" which can be found at:Moving Average Strategy Video

The Elliott Wave Principle

The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.

What is Fundamental Analysis?

Along your travels, you’ve undoubtedly come across Gulliver, Frodo, and the topic of fundamental analysis.
Wait a minute…
We’ve already given you a teaser about fundamental analysis during Kindergarten! Now let’s get to the nitty-gritty!

3 Steps in Trading Harmonic Price Patterns

As you may have guessed, profiting off Harmonic Price Patterns is all about being able to spot those “perfect” patterns and buying or selling on their completion.
There are three basic steps in spotting Harmonic Price Patterns:

• Step 1: Locate a potential Harmonic Price Pattern
• Step 2: Measure the potential Harmonic Price Pattern
• Step 3: Buy or sell on the completion of the Harmonic Price Pattern

Trading The Gartley Pattern

Once upon a time, there was this insanely smart trader dude named Harold McKinley Gartley.
He had a stock market advisory service in the mid-1930s with a huge following. This service was one of the first to apply scientific and statistical methods to analyze the stock market behavior.
According to Gartley, he was finally able to solve two of the biggest problems of traders: what and when to buy.

The ABCD and the Three-Drive

The ABCD

Let’s start this lesson with the simplest harmonic pattern.  So what could be more basic than the good old ABC’s? We’ll just pop in another letter at the end (because we’re cool like that), and we’ve got the ABCD chart pattern!  That was easy!

Harmonic Price Patterns in the Forex Market

Now that you’ve got the basic chart patterns down, it’s time to move on and add some more advanced tools to your forex trading arsenal.
In this lesson, we’ll be looking at harmonic price patterns. These bad boys may be a little harder to grasp but once you spot these setups, it can lead to some very nice profits!
The whole idea of these patterns is that they help people spot possible retracements of recent trends. In fact, we’ll make use of other tools we’ve already covered – the Fibonacci retracement and extensions!

How to Trade Forex Using Elliott Waves

This is probably what you all have been waiting for – drumroll please – using the Elliott Wave Theory in forex trading! In this section, we will look at some setups and apply our knowledge of Elliott Wave to determine entry, stop loss, and exit points. Let’s get it on!

3 Cardinal Rules of the Elliott Wave Theory

As you may have guessed, the key in using the Elliott Wave Theory in trading is all about being able to correctly identify waves.

Corrective Elliots Waves Patterns

The 5-wave trends are then corrected and reversed by 3-wave countertrends. Letters are used instead of numbers to track the correction. Check out this example of a smokin’ hot corrective 3-wave pattern!

Impulse Elliott Waves

Mr. Elliott showed that a trending market moves in what he calls a 5-3 wave pattern.
The first 5-wave pattern is called impulse waves.The last 3-wave pattern is called corrective waves.
In this pattern, Waves 1, 3, 5 are motive, meaning they go along with the overall trend, while Waves 2 and 4 are corrective.

Elliott Wave Theory

Back in the old school days of the 1920-30s, there was this mad genius and professional accountant named Ralph Nelson Elliott.By analyzing closely 75 years worth of stock data, Elliott discovered that stock markets, thought to behave in a somewhat chaotic manner, actually didn’t.When he hit 66 years old, he finally gathered enough evidence (and confidence) to share his discovery with the world.

How to Use the MACD Indicator

MACD is an acronym for Moving Average Convergence Divergence. This tool is used to identify moving averages that are indicating a new trend, whether it’s bullish or bearish. After all, our top priority in trading is being able to find a trend, because that is where the most money is made.

How to Use Moving Averages as Dynamic Support and Resistance Levels

We like to call it dynamic because it’s not like your traditional horizontal support and resistance lines. They are constantly changing depending on recent price action.
There are many forex traders out there who look at these moving averages as key support or resistance. These traders will buy when price dips and tests the moving average or sell if price rises and touches the moving average.

How to Use Moving Averages to Find the Trend

The simplest way is to just plot a single moving average on the chart. When price action tends to stay above the moving average, it signals that price is in a general uptrend.If price action tends to stay below the moving average, then it indicates that it is in a downtrend.

Simple Moving Average (SMA) &Exponential Moving Average (EMA) Explained

A simple moving average (SMA) is the simplest type of moving average in forex analysis (DUH!). Basically, a simple moving average is calculated by adding up the last “X” period’s closing prices and then dividing that number by X.

What Are Moving Averages?

A moving average is simply a way to smooth out price action over time. By “moving average”, we mean that you are taking the average closing price of a currency pair for the last ‘X’ number of periods. On a chart, it would look like this:

How to Use Fibonacci to Place Your Stop so You Lose Less Money

Probably just as important as knowing where to enter or take off profits is knowing where to place your stop loss.
You can’t just enter a trade based on Fib levels without having a clue where to exit. Your account will just go up in flames and you will forever blame Fibonacci, cursing his name in Italian.

How to Use Fibonacci Extensions to Know When to Take Profit

The next use of Fibonacci will be using them to find targets.
In an uptrend, the general idea is to take profits on a long trade at a Fibonacci Price Extension Level. You determine the Fibonacci extension levels by using three mouse clicks.
First, click on a significant Swing Low, then drag your cursor and click on the most recent Swing High. Finally, drag your cursor back down and click on any of the retracement levels.

How to Use Fibonacci Retracement with Japanese Candlesticks

If you’ve been paying attention in class, you’d know by now that you can combine the Fibonacci retracement tool with support and resistance levels and trend lines to create a simple but super awesome trading strategy.
But we ain’t done yet! In this lesson, we’re going to teach you how to combine the Fibonacci retracement tool with your knowledge of Japanese candlestick patterns that you learned in Grade 2.

How to Use Fibonacci Retracement with Trend Lines

Another good tool to combine with the Fibonacci retracement tool is trend line analysis. After all, Fibonacci retracement levels work best when the market is trending, so this makes a lot of sense!
Remember that whenever a pair is in a downtrend or uptrend, traders use Fibonacci retracement levels as a way to get in on the trend. So why not look for levels where Fib levels line up right smack with the trend?

How to Use Fibonacci Retracement with Support and Resistance

Like we said in the previous section, using Fibonacci levels can be very subjective. However, there are ways that you can help tilt the odds in your favor.
While the Fibonacci retracement tool is extremely useful, it shouldn’t be used all by its lonesome self.
Similarly, the Fibonacci retracement tool should be used in combination with other tools. In this section, let’s take what you’ve learned so far and try to combine them to help us spot some sweet trade setups.
Are y’all ready? Let’s get this pip show on the road!

How to Use Fibonacci Retracement to Enter a Forex Trade

The first thing you should know about the Fibonacci tool is that it works best when the forex market is trending.
The idea is to go long (or buy) on a retracement at a Fibonacci support level when the market is trending up, and to go short (or sell) on a retracement at a Fibonacci resistance level when the market is trending down.

What is Fibonacci Trading?

We will be using Fibonacci ratios a lot in our trading so you better learn it and love it like your mother’s home cooking. Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: Retracement and extension.
Let us first start by introducing you to the Fib man himself…Leonardo Fibonacci.

Price Action with Forex Trading

Price Action, an Introduction

Technical Analysis is the process of using the price chart itself to assist in trading decisions. While this may sound initially confusing, please let me explain.

The price chart, reflecting all changes that have happened to price within a specified period, can be looked at another way; the price chart can also be considered a gauge of trader’s sentiment during that same specified period.