Everyone wishes they got into the fast moving stock & Forex that jumped up
in a month. Candlestick Signals not only identify these potential movers
-- they help you identify if there is still time to participate in the
move!
A little number of traders knows the market and makes lots of profit from Forex. But most of Trader faces loss on their trade.Forexgreenpips started its journey with the English & Bangla Forex School. This is most valuable for any trader like newbie or a professional trader.
Saturday, November 8, 2014
"High Profit Trades found with Candlestick Breakout Patterns"
Everyone wishes they got into the fast moving stock & Forex that jumped up
in a month. Candlestick Signals not only identify these potential movers
-- they help you identify if there is still time to participate in the
move!
Wednesday, October 29, 2014
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.
Download your Free E-book Today!
Monday, October 27, 2014
Sunday, October 26, 2014
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 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 : TutorialsFibonacci 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
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.
Saturday, October 25, 2014
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!
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:
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.
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!
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
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.
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.
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.
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.
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.
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?
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!
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.
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.
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.
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