Japanese candlesticks are the most convenient variant of any asset chart on Forex. The informativeness and clarity of the data on the market state presented by them have long earned popularity among all traders. It is the analysis of Japanese candlesticks that makes it possible to make forecasts of further price movements. This tool of […]

As Charles Dow’s postulate says: price takes everything into account. Everything that could influence the price has already influenced it. And price change is the result of this influence. That’s why the price chart is very informative, you can understand from it what happened, is happening and may happen on the market. That is why […]

The Folding Meter pattern (or 3-stage trendline) is a simple forex strategy used on many currency pairs, and it is also suitable for all time intervals. When trading forex, it is often necessary to wait for the moment of trend reversal, but when it will happen is very difficult to determine. With the help of […]

Triangle is one of the most famous figures of technical analysis. It is quite common when analyzing the chart. Traders like triangles because there is a high probability of breaking this figure and a good price movement, which means that there is a possibility to make a profit. Triangles are found on all charts and […]

“Head and shoulders” is a pattern of technical analysis, which is rarely found on the price trend chart, but always becomes an object of interest to novice traders. What does the appearance of this pattern indicate? What is a “Head and Shoulders” figure? These are three waves of different heights on the chart, which appear […]

The strategy “Nomad” is quite simple, built on standard indicators and is perfect for beginner traders. To start working, you need to set up the following tools on the chart: 2 exponential moving averages with periods 5 and 12.RSI oscillator with period 20 and additional level 50. Moving averages act as the main signaling tool, […]

Divergence is one of the strongest trading signals. This is the moment when the market is ready to go in the opposite direction. In indicator analysis, divergence occurs when the direction of price movement does not coincide with the direction of movement of the MACD indicator (included in the standard set of the MetaTrader terminal). […]

For many traders it is psychologically important to stay near the monitor during open trades. This way they have a feeling of controlling the situation. After all, otherwise they will still be thinking in the market and will not be able to do anything else. Plus they really in this case have an opportunity to […]

“Buy on rumors, sell on facts” is the definition of investment and financial performance. A phrase often quoted by stock or futures traders to explain a decline in prices after an expected positive event… However, when actual unemployment figures are released and meet lower expectations, the market will trade lower. A lot of nuances are […]

In trading there are different trading approaches and tools for their realization. Among them there are technical indicators, which according to their algorithms calculate data from the price chart and output the results in the form of their charts, digital data, histograms and so on. There are various approaches that judge the possible reasons for […]

Let’s consider the trading system “Sniper” (Sniper), which is quite popular among traders. This is a non-syndicator forex strategy based on level trading. The author of the Sniper strategy Pavel Dmitriev introduces some of his own designations into the algorithm description – “Safe”, Impulse Levels, Total Impulse Levels, Level of Sharp Trend Change, etc.), the […]

Ralph Elliot formulated his wave theory back in the 30s of the last century, when market movements are described by certain recurring waves, on the basis of which forecasts are made for making trading decisions. Robert Pretker also made a significant contribution to the development of this theory, describing models and trading approaches. In this […]