Article Library

Many traders that are using technical analysis for their forex strategies are focusing primarily on singles they are giving. But there are also hidden signals in some indicators such as: MACD, RSI, Stochastic, Momentum, and other oscillators. These hidden signals are called divergences. Divergence is one of the most impressive techniques in technical analysis. In forecasting currency movements the more advanced traders are paying much attention to it. Amazing results can be achieved trough to it. The divergence is characterized by the gap between the chart and the indicators, or more precisely the direction of movement of the price and the indicator.
In the last years, more and more traders are paying attention to the divergence. In combination with other techniques can be achieved amazing results and profits.
Divergence Itself gives us clarity of an impending change in the trend or a continuation of the trend. There are two main types of divergences: normal (bullish or bearish) and hidden (bullish or bearish)Normal (negative) divergence:
Bullish divergence - in this type of divergence as it is seen from the chart. Price draws two bottoms, the second is lower than the first, b…
Read article
Translate to English Show original
WallStreet6 avatar

Very interesting!

orto leave comments
In this article I will be explaining about one of the popular candlestick pin bar strategy that has been used by thousands of traders over many decades. Sometimes perfect setup of this this strategy fails and make you lose the trade, but like every other trading strategy this pin bar strategy is not a holy grail of forex trading. With proper money management and discipline eventually all traders can become profitable.
What is a Pin Bar?
A pin bar is a candlestick pattern that has a long wick and small body. There are two types of pin bars: bullish and bearish pin bar. Pin bars are formed when prices are tested at the given price and then rejected from that price.
The picture below shows what bullish and bearish pin bars look like.
Pin Bar strategy: Buy/Sell, Stop loss/ Take Profit
Buy or Sell:
This strategy is very simple.sell at the downtrend and buy at the uptrend. In the ranging market buy at the support and sell at the resistance
The picture above shows the formation of pin bars in the trending market and when to buy or sell. Pin Bars often formed at the end of a trend or at the end of a pull backs.
The picture above shows the formation of pin bars in the ranging markets and w…
Read article
Translate to English Show original
Natalia_Kisenko avatar

Well done!

Airmike avatar
Airmike 22 Feb.

nice article

VictoriaVika avatar

Nice one, keep doing a great work!

Agnessa26 avatar
Agnessa26 24 Feb.

Отличная работа!

aaalisher avatar
aaalisher 17 Mar.

yes ,,,agree,,very usefull information where charts were not clear..

orto leave comments

Not more than 3 months ago I've been writing an article about how you can trade the 4:00PM London Fix, giving out an easy step by step guide on how to profit from the price action around that time. You can read more about it here: London Fix Strategy
In this article we're going to make one step further and automatize the whole process by using Dukascopy Visual JForex. This will be one of those strategy that will require no indicators and I'm going to use some of the blocks that I've already been using them in my previous article, and you should be already familiarized with them. I like to keep things simple so in this regard even if you don't have any programming skills whatsoever you will be able to understand the whole process.
Lets proceed first by giving a short summary of our strategy:
  1. Currency pair: GBPUSD;
  2. Time Frame: 1h;
  3. Target= 16 pips. Since beginning of the year the average pips volatility at 4:00PM was around 16.6 pips (see Figure 1);
Read article
Translate to English Show original
MobNaga avatar
MobNaga 13 Oct.

Nice work. FYI, Counter strategy (for GBP/USD) is good between 17 - 25(LondonTime) in last 10 years.

Likerty avatar
Likerty 23 Oct.

I'm sceptical about historical testing of volatility based trading systems as trading already formed candles and ones - still in the making (real-time) produces very different results..

Jignesh avatar
Jignesh 25 Oct.

Congrats Daytrader21 on finding a strategy and automating it, not an easy endeavor.

Daytrader21 avatar

MobNaga Thanks for the info I'll check that out. Likerty So far I've seen big difference between the backtesting results and what I get in real-time environment. Jignesh Thanks buddy.

Stix avatar
Stix 31 Oct.

Interesting and useful Article. Thank you very much. :) :)

orto leave comments
Hello dear members Dukas community, first of all, I want to wish to everyone, a happy 2013, which this year be full of many pips "blue" for all. This month I return to articles, and once again within the philosophy of negotiating with simplicity. I bring you another strategy that already use a few years ago, call it FiboDec_System. For this strategy, we will use graphs 1 hour time frame. The analysis should be performed between 18 and 23:00 GMT, and my experience tells me that analyzes at 18:00 may translate into better results, however later analysis also show very interesting perform. This system should be divided into a few distinct stages, namely: 1) Determination of maximum and minimum of the last 24 hours 2) Application of Fibonacci_Dec (Fibonacci custom which is divided into tenths) 3) Determination of scenario / predominant trend 4) Definition of possible scenarios Having said this, I try to describe each of these steps so in summary form, to anyone of you could try this system. MAX vs. MIN The first thing to do is determine the maximum and minimum which occurred in the last 24 hours or since the last review. We'll need these values ​​when we make the application of our Fib…
Read article
Translate to English Show original
Likerty avatar
Likerty 25 Jan.

I like this approach but I would add common mathematical proportions - 25 %, 75, 125, 175 etc..

Sintano avatar
Sintano 26 Jan.

If you so much like mathematical proportions, I would recommend you to work over Murray Math SR levels. These are a must in my personal trading system.

Bluedragon avatar
Bluedragon 29 Jan.

Sintano i know it and a like very much ;). Thanks for suggest

Bluedragon avatar
Bluedragon 29 Jan.

Likerty if you see, the targets in this strategy is not so far of your suggest values ;) I think that is important test all scenarios, because everyone is right ;)

SpecialFX avatar
SpecialFX 30 Jan.

Another good strategy, thanks for sharing! :) Will this one be automated as well sometime in the future?

orto leave comments
Shorting the yen and Japanese Government Bonds (JGBs), over the past 2 decades, has been such a disastrous trade for so many long term investors/traders that it is called by industry veterans as the "widow-maker" trade, and it is still making victims today. This article will explain why so many smart people were "killed" by this trade, why it didn't work then, and why it may finally make sense to short the yen in the not so distant future.______________________________________________________ ► Historical background: the good times and then the bubble...In the mid-1950's, agriculture still accounted for about 40% of the workforce, and the economy was characterized by low wages and uncompetitive industries, but the next three decades would bring such an unprecedented economic growth that by 1980 nominal GDP was estimated at US$1.065 trillion, compared to only US$44 billion a mere 20 years before. After WWII Japanese citizens were encouraged to save more of their income. With so much money in the banks, the country running bigger and bigger trade surpluses, and falling interest rates, credit was easily available. This led to a bubble of biblical proportions in the real estate and sto…
Read article
Translate to English Show original
SpecialFX avatar
SpecialFX 19 Sep.

The Bank of Japan yesterday joined other central banks around the world and decided to ease monetary policy more than expected. The BoJ increased asset purchases by 10 trillion yen, so that's why's the yen is getting weaker today.

alifari avatar
alifari 24 Sep.

Everyday we learn something new, nicely written article +1

OneGoodTrade avatar

Very well presented topic with interesting ideas.

doctortyby avatar
doctortyby 27 Sep.

the Yen is preparing us a surprise :)

kostas19 avatar
kostas19 29 Sep.

The Asian economys are slowing down right now and the N1 printer in the world is the USA so i think specificly the yen vs the dollar should go down alot more

orto leave comments
There are a lot of Forex strategies all over the
Internet. In the following series articles I am going to present briefly the most
important factor-strategies for consistent winnings.
1st Article - Strategy 1 –
Market Sentiment
The forex market is nothing more
than the compressed display of emotions at any one time emanating from
currency speculators around the world. How can you better understand the
market, and use that knowledge as one of your trading weapons? This is the
question that every trader should ask to himself. In order to give an answer to
that question we firstly need to give an answer to “What is the market
Market sentiment is simply what
the majority of the market is perceived to be thinking or feeling about the
market – it is the most important factor that drives the currency market. This is so because traders tend
to act based on what they feel and think of certain currencies, regarding their
strength or weakness relative to other currencies. I will assume that when you trade
currencies, you don’t blindfold yourself to simply pick any pair to buy or
sell, leaving it to randomness to determine your profit/loss statement at the
end of the day or month. …
Read article
Translate to English Show original
AdrianWS avatar
AdrianWS 9 Jan.

hey great article, take a look at my profile and check out my articles I think they can help you

doctortyby avatar
doctortyby 10 Jan.

Very informative article about Market Sentiment, I would have Liked to see some charts and some Images.I believe Market Sentiment can be Better spoted on range Bars Charts(Price Movement, volatility charts). The volumes in those charts give better signals. check out my range Bars Charts Articles and Analysis.+3 And good luck this month. Waiting for your next article.

ritesh avatar
ritesh 19 Jan.

Market sentiment is above all indicators. :) +1

orto leave comments