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Technical analysis changed in time together with trading. Even though traders mostly follow robots today, some things remained the same. The Elliott Wave Principle key to market behavior is one of them. Elliott waves look at markets from a human nature point of view. As such, the Elliott Wave Principle allows traders to catch perfect […]

Forex RSI Technical Indicator Strategy Explained

Every trader around the world heard of the Relative Strength Index, also known as the rsi technical indicator. No matter if trend followers or reversal’s hunters, traders use the Forex rsi oscillator for market entry/exit. Technological advances forced both brokers and retail traders to “step up” to the game. Back in time, technical analysis was […]

Forex Strategy Secrets

A Forex trader buys or sells a currency pair. The idea is to profit from its volatility. This is why traders favor major pairs and not crosses. This represents only one of the Forex strategy secrets successful traders use. On top of that, traders search for a trading system to eliminate fear and greed. Unfortunately, […]

Head and Shoulders Chart Pattern - Live Forex Trading Example

This time I have a Forex video example of a classical pattern that often appears on the Forex charts. This is the Head and Shoulders chart pattern that usually reverses the bullish trends to set the beginning of a fresh bearish run. This is what actually happened on the chart. Signals of the Head and Shoulders Trade The […]

Bullish Triangle Breakout - Live Forex Trading Example

The new trading example today is on the USD/JPY Forex chart. The price action created a bullish triangle breakout that appeared after a big swing on the chart. The further activity of the price created a good trading opportunity in bullish direction. Signals of the Bullish Triangle Trade The price action dropped drastically on mixed US Jobs […]

 

 

 

 

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