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In the world of trading, you have to be ahead if you want to have the potential to succeed. If you interview successful traders or investors in the Forex market, they will undoubtedly highlight their audacity, ability and knowledge of how to predict the future price action in the Forex market.
But what must be remembered to answer the question?
Above all, you should know that Forex is a decentralized and global market for currency trading. It's the largest market in the world, dealing with trillions of dollars worth of transactions every day. Notable players are central banks, hedge funds, governments, trading companies, investment institutions, global corporations and, of course, retail brokers and traders.
To predict price movements in the market, we recognize that a trader needs to have a thorough understanding of the factors that can influence future movements in the exchange rate of a currency. And to succeed, remember that there is no prediction formula. In the ultimate forex, it all depends on your skills, your experiences and your commitments to succeed.
There are factors you need to understand to predict well. For example, they are: Economic Growth, Recessions, Geopolitics…
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MargaritaDG avatar

Good job! :))

owltrade avatar
owltrade 1 June

Good luck

Yonggi7 avatar
Yonggi7 1 June

Thank you my friends for your kind attention ! on my article! Be blessed! I wish good trading for all of you in this new month!

WallStreetBlog avatar

Muy bueno!

Leonko avatar
Leonko 22 June

It's very interest for me!

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Archimedes once said:
"Give me a lever strong, enough, and a prop strong enough, and I can singlehandedly move the world"

"Give me a maximum or a minimum of the year's quarter, and I will tell where the price will go :>"

In my first Article at this contest, I wrote about determination of a long term trend using larger timeframes, and signals, generated by the larger timeframes.
"Determination of a long term trend" Part 1
I'm sure it was interesting to some of you, but also, I can see the trader's rising interest to Intraday and Intraweek trading.
Intraday and intraweek trading - by saying this, I mean - when the trader is trading during the hours, days or weeks.
In this article I will explain How to Use the signals, provided by the Higher timeframes, to enter the trades on a lower time frames, and much more frequent with better quality.
***A picture Above, reminds you the entry signals, on a Quarter - period charts, that I have talked about in previous article

I would like to recall, that the main task is to find out the entry points on the market. I will show you how to enter the market using a daily charts, where I will demonstrate, that it is not necessary to wait for a qu…
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Skif avatar
Skif 16 Oct.

interesting insight into the market, there is something to read.

MobNaga avatar
MobNaga 19 Oct.

FYI, Check the open time. I think, Follow-type strategy(EUR/USD) is strong in London time 9, 10, 11, 14, and 15.

Elani avatar
Elani 20 Oct.

Thanks for advices!!!

peachynicnic avatar

Thanks for your article. It is very informative with detail explanation and chart! The 3 methods : 3 Points
Time, determination of most important extremums are very useful for determining the long term trend. A brilliant one indeed! Thank you so much for your effort.

VictoriaVika avatar

Archimedes give us an great inspiration example, yes ) Thanks for your article, many useful information!

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Magic Levels.
Price levels in most of the trading systems are the starting point for any trades to be made.
Traders are searching for levels, to enter the market depending on the approach, bounce or breakout,
to follow the trend, or against it, with a hope for a trend reversal.
And each trader is using tons of instruments to find this levels, like Fibonacci levels, peaks
and troughs during the specified price cycles, time cycles, Fibonacci cycles, levels confirmed by momentum
indicator, like RSI divergences for example etc...
So basically, there are a lot of ways to search for a levels to trade.
But a lot of traders are leaving aside one of the easiest applicable approaches,
which is giving most fundamentally, psychologically and historically based levels.
I call this approach "The magic levels".
Some traders would recognise it as a round price levels, or sometimes it called "Trading
round numbers". But there is a difference, which makes this approach more significant.
So with a hope that the article will be interesting for everyone, for a professional and for a
newbie, I have decided to write about it.

No matter what your trading approach is, you will use "levels" to enter the tr
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1- Trading as a performance activity
It is important to consider trading as a performance activity that requires the same level of discipline and commitment as chess, professional sport or military training.
As Steenberger asserts, a trader should acknowledge the need for a "high ratio of time spent in practice/rehearsal relative to actual performance." Generally speaking, a trader should spend more time analyzing economic fundamentals or refining entries with historical data, than executing trades. They should also spend significant time testing strategies before taking them onto a live account.
Steenberger outlines further similarities with performance activities, such as the need for "rapid and comprehensive feedback to allow performers to learn from their practice/rehearsal and incorporate changes in future performances".
There is also a need for "a teacher who guides rehearsals by creating demands sufficient to challenge the performer, but not so overwhelming as to create frustration and failure."
A trader can fill these voids by immersing themselves in a vibrant community in which to exchange ideas, and interact with successful and struggling traders who are undertaking the…
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My trading Psychology:- I have been trading over 2 years live in Forex market. Generally I scalp in 15 min time frame and it can last from 15 min to 1 hour. Initially, it was tough journey before i met a 65 year old wise man, a Canadian, who mentored me and developed my trading psychology, then I started seeing the price action more clearly in the present moment of Now. Most of the people either live in the past or think about future ignoring the present moment. The reality is, we cannot predict the future because future is uncertain but we can take reference from past to anticipate the future. If you are good and correct in the present moment of Now then you will be good in the future, and if you are incorrect then change yourself, because it is Now which will take you into future.The same psychology i apply in trading. Trading is very simple, price either go up or down, if you are incorrect then change yourself and follow price flow action. I do not preset any price target, I take whatever the market give and then reverse my trade direction. But for many people simplicity is too complicated. Trading is not about taking stress, its about being natural and simple, but most of us fo…
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sd_shariq avatar
sd_shariq 30 Jan.

i do not preset any price target.. i draw support and resistance.. and also i see the line chart and draw s and r. and how the price are reacting on it.. take the help of cci ..u will get a feel after some time.. see the 50% area of retracement. and 1.61 fib..It is a visual art..

auto1 avatar
auto1 30 Jan.

Do you calculate fib level in 15m chart or bigger charts?

sd_shariq avatar
sd_shariq 30 Jan.

on 15 min

rufusajayi avatar
rufusajayi 23 July

Hi Shariq,Excellent trading style. I am really glad to read your article,it gave me more insight into price action and reversal points. I just tried a few demo, the result were amazing. My major problem is dealing with low risk. Is possible to teach me how to use a low risk entries. Thanks alot for sharing this powerful trading style.

sd_shariq avatar
sd_shariq 14 Sep.

nearest you are with the reversal point lowest is your  risk. Generally average size  of 15 min bar  is  8 pips. so keep your risk under  8 pips.

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Very important to note :The basis of my strategy are supply and demand areas. Without any specific supply or demand area we dont need to check for further indicators.If we have a supply or demand area we try to find some of the indicators mentioned in this article to increase our odds of a successful trade.The more indicators provide our trading idea, the more likely our target will be hit..... logic ? Isn‘t it ? Bearish engulfing outside bar PinbarsIn my opinion the pinbar reversal pattern is one of the most powerful candlestick reversal patterns out there.If you identify correctly and take the major ones they can produce consistently profits.This single bar reversal pattern is able to earn a lot of cash for you.And that‘s why most traders love it, because it is a single bar pattern, easy to spot, easy to trade.Often pinbars develop at swing highs and lows, this is interesting if we combine it with demand and supply areas to catch the reversal points.Again we can combine it with divergence of course to squeeze all odds out of can find my divergence course here in past articles called ( the power of divergence) What is a pinbar at all ?A pinbar is a candlestick pattern whe…
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doctortyby avatar

I like the fact that you have explained the patterns and you have given clear examples with chart images.

doctortyby avatar

You can use the Order Flow Book (right now we have SWFX sentiment index, COT charts and Market Depth availeble at Dukascopy Bank) to see if the supply and demand areas in your chart are confirmed by the open orders.

litsat avatar
litsat 9 Oct.

very good. Everything I use in real trading :) wish you the first place

Mado avatar
Mado 10 Oct.

thanks guys
@doctortyby yeah thanks your article is so good with my strategy

hedonist avatar
hedonist 11 Oct.

Interesting article Mado. In my experience, people trading the lareger timeframes your talking about are more often trend followers. Do you think its harder to make money being a contrarian on the monthly timeframes?

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On my last article I've wrote about
price levels. I tried to give basic understanding
about levels and how I classify them. In this article I am writing
about “Price Action” levels and how to trade them. These levels
are found not using any calculations or complex formulas. They are
found only from a chart manually.
are Price Action levels
Forex market (the
same as any other market) is driven by supply and demand. If we have
more demand than supply – price rises, if more supply than demand –
price falls. In financial markets large funds, banks or corporations
have interest at particular price – they buy or sell currency. So
they create supply and demand zones. It is not possible to fill a
very large order at the same price – because large orders move
markets. So market movers fill as much as they can at predefined
level and when price moves out of bounds, they stop buying or selling
currency and wait for price to come back. These zones are formed with
stop loss or take profit orders too (basically stop order is also
selling or buying currency).
Correctly found
supply and demand zones always influence price. Even when we have a
very strong fundamental factor, price reacts to th…
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MyiDEA avatar
MyiDEA 21 May

good article...

jonas avatar
jonas 22 May

Agree - levels are important thing. But why not use other indicators. Some of then really helps me.

skaiste avatar
skaiste 23 May

Nice article. Thank you for that.

Furian avatar
Furian 24 May

Briliant article. extremely educational. thanks for any support +1

MyiDEA avatar
MyiDEA 31 May

Nice and Brilliant article.....

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My manual trading system is 70% based on price levels. I think that most traders use some kind of levels – pivot points, Fibonacci retracements, trendlines, price action levels, etc. Of-course there are profitable traders, who do not use any kind of levels. But in my opinion levels do increase odds to be profitable. So in this article I will write about different price levels. I will try to give basic understanding about levels and how do I classify them. Methods of finding price levels 1. Every trader is aware of Fibonacci retracements. There is a GBPUSD 1 hour chart with Fibonacci retracements in an image below . As seen in the image some levels are respected, some not. Basically Fibonacci is nothing special or magic – it's just a tool to devide recent price move into percents. And according to Fibonacci some numbers are important in our universe. It's 0.236 (23.6%), 0.382 (38.2%), 0.5 (50%), 0.618 (61.8%) and so on. I would suggest adding 1.236 and 1.5 – this would add some more levels to watch. My observations show that these levels are respected often enough. 2. Pivot points. The name tells a lot – pivotal. This means, that pivot points are levels, where…
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aurelijus avatar
aurelijus 28 Apr.

Not bad, will be waiting for next one.

gintaras avatar
gintaras 29 Apr.

Never thought about magnet levels. Interesting approach! Sekmes!

adask avatar
adask 30 Apr.

Thank you all for a kind comments. Will be posting next article about price action levels this week.

blackjack avatar
blackjack 30 Apr.


blackjack avatar
blackjack 30 Apr.


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