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16/41
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Dear my Dukascopy community readers.

Today we are going to learn how to trade in Harmonic Pattern Gartley. First of all, I want to give you brief information about Harmonic Pattern history. Most of Forex, Stock, and Cryptocurrencies traders use harmonic pattern trading method at the advanced trading. Scott Carney President and Founder of HarmonicTrader.com has defined a system of price pattern recognition and Fibonacci measurement techniques. He gave the name and determined harmonic patterns such as the Bat pattern, the Gartley pattern and the Crab pattern.
This article, which I wrote for you provide my own look on harmonic trading. The most famous formation among the Harmonic Patterns known as Gartley. Let us say how to draw formation. When we draw the formation like as below, this is the gartley formation. One of the most important note is that XA must be a impluse. Gartley can be seen in a uptrend or in a downtrend. In this formation the impluse begins then correction again impluse begins. We will use X A B C D letters in Gartley pattern
Our first movement should be impluse in uptrend or in downtrend. Name is this movement is XA. First rule is that XA must be impluse. After …
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thedoctor avatar
thedoctor 28 Aug.

greet article

AnnaZhurina avatar

Good job!

Mepcuk avatar
Mepcuk 29 Aug.

Great

Muller avatar
Muller 30 Aug.

Interesting pattern and good explanation.

ElizavetaKl avatar

good job

orto leave comments
3/40
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В этой статье решил описать одну из интересных возможностей торгового терминала JForex - Аналитический Виджет поиска паттернов.
Одним из наиболее популярных видов анализа рынка Форекс и других рынков является Графический анализ. Внутри графического анализа можно выделить такое направление анализа как поиск фигур и паттернов на ценовых графиках. Поиск и идентификация фигур графического анализа является весьма сложным и очень затратным занятием по количеству потраченного на это времени.
На помощь в этом не легком вопросе может прийти замечательный инструмент уже встроенный в платформу JForex, который в режиме онлайн может находить и распознавать графические фигуры анализа на всех доступных к торговле инструментах. Нам с Вами остается лишь запустить встроенный в платформу аналитический виджет – как показано на рисунке :
После нажатия на кнопку запуска виджета нам будет предложено согласиться с «Ограничением ответственности при использовании виджета анализа паттернов 1.0»:
После согласия виджет начнет сканировать все доступные инструменты на наличие графических фигур. Мы увидим примерно такой результат поиска:
перейти на первый найденный паттерн можно кнопкой GO – в результате мы сраз…
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kettle avatar
kettle 14 Aug.

Good work

MR_KHALEDBADRY avatar

good job

thedoctor avatar
thedoctor 17 Aug.

good article!

chytry_dziad avatar

Well done!

Natalia_Kisenko avatar

good article!

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2/40
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The Head and Shoulders pattern is reversal pattern that used to enter a bearish position after a bullish trend, a bullish position after a bearish trend. It consists of 3 types of tops with highest in the middle is called head, left side is called left shoulder and right side is called right shoulder. If the candle breaks the neckline and closes below candle, then pattern has completed.

BULLISH
BEARISH
Head and Shoulders (Bullish and Bearish) rules. When we must open position
1. The left shoulder is set at the end of a precious advance. This movement usually occurs in a high-volume period. After Move up, the price drops to some extent to create a side.
2. After the maturity of the left shoulder, the price reaches a higher level than the left shoulder peak. Then, like the left shoulder, the price move again and falls less. The side should be at the same level as the previous side at the end of the left shoulder formation.
3. In general, the right shoulder is created in the left shoulder and lower volume. The main purpose of the right shoulder is lower the main head.
4. Now the Head and Shoulders model has been created.
5. When we finish all off this rules, we are waiting t…
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Leonko avatar
Leonko 14 Aug.

ok, very interesting

alenka27 avatar
alenka27 14 Aug.

Интересно!

thedoctor avatar
thedoctor 17 Aug.

good article!

wael1z1z avatar
wael1z1z 22 Aug.

good

Natalia_Kisenko avatar

well done!

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1/68
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Hello everyone,
Today I am going to share with you a very simple yet very effective method of trading currencies most of the people know it by the name of Price Action for using this method you need only one quality that is Patience.
The idea is to draw the important horizontal support and resistance lines on the chart. Time frame may be any,i personally prefer 4 Hour chart or above,after drawing the horizontal lines,we will wait for the price to reach these lines and get rejected or to go through these lines and wait for a pullback and then getting rejected.
HOW TO DRAW SUPPORT AND RESISTANCE LINES
To draw support and resistance lines, keep in mind that there should be 3 or more touches to the trend line to be valid. You may refer to this link of www.babypips.com about placing support and resistance lines explaining very neatly how to place the support and resistance lines on the chart. After the lines have been drawn, we need to wait for the price action.
WHAT IS PRICE ACTION
Price action is nothing but the formation of candles that hint a reversal or continuation of the trend.
Let us say that we see the weekly chart of the NZDUSD pair and find lower highs and lower lows for…
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s_amira avatar
s_amira 23 Jan.

Well done

brilliant avatar
brilliant 25 Jan.

thank you friend . but the technical analysis has intrinsic problem I think. Any breakthrough can reverse and every  rejection can return and breakthrough 

rupesh1984 avatar
rupesh1984 25 Jan.

brilliant true,but its good when there is no news in market or u can scalp through it.but for big pip u need closely watch news and speech.

Wovch avatar
Wovch 29 Jan.

good

Shivaya avatar
Shivaya 30 Jan.

Doing well g..

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26/58
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La acción del precio es el análisis de los movimientos del precio de cualquier par de divisas o activo cotizado,esta forma de análisis del mercado no utiliza ningún tipo de indicador, tan solo utiliza los patrones gráficos que va dejando el precio en su movimiento.Esta forma de analizar el mercado es una de las mas efectivas ya que el precio es el indicador mas fiable y no tendremos ningún tipo de retardo en sus señales como ocurre con los indicadores técnicos, porque estos reaccionan al movimiento del precio, por lo que siempre irán por detrás del precio en sus señales.
En este articulo voy a explicar como realizar trading con uno de los patrones de acción del precio mas efectivo .."el doble suelo o doble techo" ,también podría darse una ampliación de este patrón con un triple suelo o techo , aunque algunos traders crean que es demasiado temerario realizar trading de forma tan simple y sin el apoyo de un indicador deberían saber que lo mas simple es lo que mejor funciona en el mercado y lo que realmente es temerario es entrar en el mercado tarde, cuando el indicador confirma la operación y el precio ya ha terminado su movimiento.Siempre hay que advertir que este tipo de patrone
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hrustiashka avatar

thank you for sharing

fxsurprise8 avatar

good illustrations

chytry_dziad avatar

very nice

Sharpshooter avatar

Важно знать эти паттерны. Спасибо.

paglu avatar
paglu 4 Oct.

nice article

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6/59
Ranking
Nous poursuivons notre article consacré aux canaux de tendance dont la première partie peut être consultée ici :
https://www.dukascopy.com/fxcomm/fx-article-contest/?Les-Canaux-De-Tendance-Partie&action=read&id=3128#read-article

4. Canaux parallèles
.
4.1. Définition.
Une paire de devises ne peut évoluer indéfiniment dans un canal de tendance, le franchissement d'une des bornes devrait voir les prix se retourner ou poursuivre la tendance avec plus de force. Mais il existe une troisième possibilité où les prix évoluent avec exactement le même momentum, après le franchissement d'une borne, dans un canal parallèle au précédent. Cette configuration graphique particulière fait suite à un fort mouvement des prix qui déborde une des bornes du canal pour, dans un second temps, recouvrer la tendance précédente; en voici une illustration avec l'EUR/SEK en données journalières:
4.2. Construction.
Il n'existe malheureusement pas de règles en la matière, seule compte l'acuité visio-spatiale du trader. Il est rare qu'un ensemble de canaux de tendance apparaisse à l'observateur du premier coup d’œil, telle une évidence, cela nécessite du temps et de l'attention. L'approche se fait par phases d'h…
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bodyart23 avatar

Bien joué  avec les divergences ( ce que j'adore trader), après tu peux aller plus  là  avec les points touchés et  les pts de  sorties  qui  sont  le plus  souvent à partir du 6ème. Si tu  veux étudier  toutes les  figures chartistes, tu as  encore du boulot.

bodyart23 avatar

En regardant ton 1er graphe 6.3  qui  est sur  LT ( environ 1 an), on peut le  détailler  encore  sur  des  MT  voir  CT,  toutes les cassures    se voit  avec  d'autres résistances.  Par  exemple ,  le 3ème pic  était  facilement prévisible  puisqu'il était dans la continuité  d'une  résistance  des 2 premiers pics ( sans la mèche du 1er).  Bien sur, après  toutes résistances est fait pour être cassée et c'est là qu'il faut poser les bons  stop loss.

isomere avatar
isomere 31 May

thanks to all for your comments, merci bodyart23.

yellownight avatar

isomore, thx for information!

PipPoint avatar
PipPoint 3 June

great article

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5/59
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1. Introduction.
La préoccupation première de tout trader, qui pour certains confine à l'obsession, est d'arriver à mettre de l'ordre dans le désordre apparent d'un graphique, à encadrer en quelque sorte la marche des prix dans le but d'anticiper son évolution future.
Pour ce faire, nous disposons par bonheur d'une multitude d'outils dont font parties les figures chartistes: ensemble de droites qui viennent se greffer au graphique des prix.
Cet article sera consacré à l'étude d'une figure graphique en particulier : les canaux de tendance. L'exposé se limitera au canaux constitués de droites parallèles. Nous verrons dans un premier temps les principes de base nécessaires à la compréhension et la construction de tels canaux et terminerons, dans une seconde partie, par quelques applications sur le marché des devises.

2. Définitions.

Un canal de tendance est constitué de deux droites parallèles où les prix évoluent de part et d'autres des droites. Ces droites vont ainsi encadrer les prix, ce sont les bornes du canal. Un canal de tendance est caractérisé par quatre grandeurs : l'inclinaison, la hauteur ou amplitude, la ligne de résonance et les points de contact.
a) L'inclinaison.
L'in…
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Faster avatar
Faster 29 May

Useful article

bodyart23 avatar

C'est la base  à maitriser :-)

yellownight avatar

Thx, for support, and for article)

sonjatrader avatar

Very good article!! Congrats

PipPoint avatar
PipPoint 3 June

great

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9/66
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Introduction
Traders have an array of indicators to look to when it comes to identifying setups, patterns, trends and reversals. These are all viewed on a price chart, which is arguably the most important piece of information a trader can have. Heikin-Ashi is a charting technique that is often overlooked but offers valuable insights for those who know how to put this derivative of Japanese candlesticks charts to good use. They run smoother, easier to understand, keeps you in the trade longer generally and creates less stress.
I want to show you a reliable price action pattern using Heikin-Ashi candles, Pullback Candle Reversal Pattern is a formation that makes a candle in the direction of the trend, followed by a longer candle that, in this case, set a lower low or higher high and then pulled back leaving a long wick, followed by a third candle that may or may not change color but sets a higher low or lower high and is usually an inside bar, followed by an entry candle that breaks above or below the previous inside bar candle. That is the entry point.
Currencies
  • This pattern works on all currencies.

Time Frames
[list][/list]…
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jsmdfx avatar
jsmdfx 25 Apr.

Is a great analisis, good Job

sicmbg avatar
sicmbg 1 May

http://www.forexfactory.com/attachment.php?attachmentid=538489&d=1283703046

!!!  :):):)

Uladzimir avatar

интересно

Analiticar avatar
Analiticar 25 June

Nice

klizthiac avatar
klizthiac 29 Aug.

Good article

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8/29
Ranking
Introduction
Figure, model, pattern - visually distinguishable configuration (formation) on the chart, which is repeated periodically as aresult of the typical, generic behavior of market participants insimilar conditions.
Classic models are universal for different financial markets, instruments and timeframes and are widely used in technical analysis of the Forex.
Graphic figures serve two main functions:
- indicate the possible direction of price movement;
- allow to determine the value (calculated target) of this movement.


Types of graphic shapes (models, patterns) platformJForex

Trend
patterns confirming continuation of the trend:
  • CHANNEL_DOWN (Channel Down Pattern)
  • CHANNEL_UP (Channel Up Pattern)
  • ASC_TRIANGLE (Ascending Triangle Pattern)
  • DESC_TRIANGLE (Descending Triangle Pattern)
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Airmike avatar
Airmike 9 Feb.

It is nice Idea to show patterns in the chart but I am afraid that many people can see different patterns and pattern indicator just showing something what have no sense. as at first example.

sankit avatar
sankit 19 Feb.

Nice one ,Informative !!

rokasltu avatar
rokasltu 19 Feb.

a lot of information I think it would be great if you proceed with more detailed descriptions define respective patterns

MyiDEA avatar
MyiDEA 21 Feb.

good article..

jezz avatar
jezz 27 Feb.

I will have this one in mind for further reading. Jforex is the thing I still didn't dare to go to. And this is a nice manual for us dummies

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10/29
Ranking
Introduction
Long been proven that successful Forex trading needsan opportune moment for the start of trading and market entry. Some believe that this requires luck and thatprofit - it will only event. Others - you need to know the basics of the market and its stigma, so thispoint can be determined. We cannot say that the first group is mistaken. After all, even withtrading experience does not alwaysstay in the win. However, beaware of Forex patterns necessary.
Forex patterns -are specialized graphic elements (modules ) that provide minimum risk and maximum profit trader. This is - a kind of advisers in the vast expanses of the currency market . Years of experience of hundreds of Forex traders said that the market is subject to cyclical changes . This means that all price figures are recurring and Forex traders certainly they are encountered . Forex patterns , basically use this pattern for your operation. In fact - they are those repetitive patterns . Over time , traders , forex learningcapture these patterns , put them to work " on yourself."
The currentsituation of the Forex market says that the number of valid patterns Forex large. However, they aredivid…
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men79 avatar
men79 14 Jan.

Не е зле човече :)

salamandra avatar
salamandra 15 Jan.

Thank @heimdall, @Airmike, @men79. I wish you success in trade

Panzer avatar
Panzer 15 Jan.

My like ..))

Erialda avatar
Erialda 17 Jan.

Big like my friend i like it :)

salamandra avatar
salamandra 31 Jan.

Thanks to everyone who read my article, thanks for the good wishes. I wish you all a stable trend and class profits. Sincerely yours, Oleg - @ salamandra.

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8/29
Ranking

There are many ways to skin a cat and that certainly applies to market analysis methods as well. There are no guarantees when it comes to defining price movements but in my humble opinion the most interesting approach a trader can apply is the philosophy that a market is fractal in nature. Fractals not only that can explain price movement but it can give you a road map, so to speak, for the future price action.
One things that consistently works is where price action repeat itself because of many reasons particularly because nature of events are quite similar and more importantly because participants tends to do the same type of things, they have the same profile in terms of their emotions, aspiration, greed, fear, hope and also that is true even today when algorithms and robots dominate the markets because they are subject to the same type of behavior.
  • What is a Fractal?
Based on Wikipedia definition:"Fractals are typically self-similar patterns, where self-similar means they are "the same from near as from far".Fractals may be exactly the same at every scale, or they may be nearly the same at different scales.The definition of fractal goes beyond self-similarity per se to exclude
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Daytrader21 avatar

@DumbAsArock lol....I have to say that I'mfascinated about fratclas andthe way they can explain market movements. Thanks

WallStreetBlog avatar

Thanks!!!

HOANG_MAI_NHI avatar

very helpful thanks daytrader21

Daytrader21 avatar

@WallStreet @Hoang_Mai_NHI thank you guys

Rnesbitt avatar
Rnesbitt 28 Jan.

Great article. Hope to see more about forex and fractals in the future.

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11/46
Ranking
Point and Figure / by Zev Laibman. This article describes an old charting method which has recently gained popularity. The Point&Figure method provides the investor a road map that clearly depicts the battle between supply and demand based on pure price action without time factor or volume. History Traders were always looking for a simple way to organize data in a manner that allows them trade the market easily. They used to take records on paper in columns according to the price’s movements. Its name was a “figures” chart. Charles Dow found a way to organize the data back from 1800's. He was the pioneer who logged stock price movement and created an analysis method called "Figuring" that eventually led to the Point&Figure method. The first charting technique used by stock market traders was “point and figure” named by Victor deVilliers in his 1933 book “The Point and Figure Method of Anticipating Stock Price Movements”. It was considered as an innovative method of graphically plotting price action in the financial markets. At the beginning of the twentieth century investors noticed that many of Dow's charts patterns had the tendency to repeat them which developed to a trad…
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Efegen avatar
Efegen 16 Apr.

Wow. Really liked your graphics.+1

zevik avatar
zevik 17 Apr.

Thanks, it's also works....

Likerty avatar
Likerty 18 Apr.

Why dount you use candles or bars instead? These looks necessarily complicated..

zevik avatar
zevik 19 Apr.

I use candles too, as I know both methods, I'm much more successful using P&F, to me - looks less complicated.

hyperscalper avatar

Hey, looks like a Tic-Tac-Toe game !!!!! :) just kidding... Very Interesting !

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12/43
Ranking
Candlestick Patterns – Ch02 – Single Candlestick Patterns Welcome to the second episode of the Candlestick Patterns series. I hope you have been all well. Since the upcoming end-year holidays are approaching and the closing of the final quarter, I thought it would be good to start with the second episode of these series. The reason why it is a good idea to dive in to this realm of Candlestick Technical analysis in this time of the year is because, as I have stated in the previous article, Candlesticks represent the psychology of the traders in the best way possible, and end-year trading I believe to have a special nuance as we shall see further. This topic is all about Single Candlestick Patterns, I’m going to derive the visual representations of the most well-known Single Patterns and we shall discuss each other in two ways, Technical & Psychological. But before we start I want to point out something very important: 1. None of the patterns work 100% of the time. 2. Size matters (I’ll explain why and how). 3. Quality matters (this has to do with the timeframe). 1. None of the patterns work 100% of the time. I don’t think this really needs thorough explanation. There is nothing th…
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GicaEric avatar
GicaEric 18 Dec.

Thanks Koko, I appreciate your comment.

scramble avatar
scramble 24 Dec.

hello, candlesticks rules are important. i really appreciate your article since it's the first time i find someone underlining many times the fact that every pattern SHOULD or COULD represent a reversal and/or a continuation, while most of the times we find articles and bloggers showing this as the holy grail! by my side, i disagree about the 'belt-hold' thing indeed also in the chart you see how many times it fails... overall interesting approach, keep on :)

GicaEric avatar
GicaEric 24 Dec.

Yes Scramble, I agree with you. If you've noticed I've already stated that no pattern work 100% of the time. But as I continue to show some of the other stuff in the near future, I'll try to explain why and how to use the patterns in conjunction with other technical analysis. Thanks though. Merry Christmas.

Koko avatar
Koko 27 Dec.

Hey Gica, when are you planning to show some of the live chart candlestick analysis you mentioned?

GicaEric avatar
GicaEric 27 Dec.

Yeah, about that Koko, we'll deal with them as soon as we finish Multiple Candlestick Patterns. Thanks though. Stay tuned.

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24/43
Ranking
Hello everybody. We're going to take a look at this particular technical realm of analysis. Often misunderstood, the way I look at them, I believe Candlestick Patterns have the most potential ability to forecast price movements and make better analysis.How do I know this? - We'll taking a look at them, normally you wouldn't notice much at first, but Japanese Candlestick Patterns looking not in a means of Mechanical trading, could make you fortunes. By the way, to the one who thought of the idea of Candlesticks, I say BRAVO, brilliant & genius.Now up to the plain of using them.Firstly I'm here to tell you that, just like any other technical tool, candlestick patterns, unfortunately don't posses the power of the crystal ball. They don't forecast (I know I'm contradicting myself, just bear with me). But what they do is, and the way I look at them, give you a glimpse of another perspective, more broader I would like to say. In some occasions it could even get you to see of what's going on behind the scenes of the global trader's mind.During these posts, I will describe some basic formations of those patterns, and I'll even try to share some of my trades that I'll do according to those …
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Koko avatar
Koko 18 Dec.

Good Job. Man you should collect your work and print a book for Technical & Psychological Trading Strategy. Good luck

GicaEric avatar
GicaEric 18 Dec.

Thank you Koko for your encouragement. That's a good idea by the way. :D

gjimi avatar
gjimi 24 Dec.

nice....

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14/38
Ranking
Overview This article will discuss the ways in which emotions influence our trading decisions. We will also consider the mass psychology of FX market participants with a view to utilising their behaviour to improve our trading edge. Man or Machine?Do you want to replace your emotional, impressionable self with an all-encompassing black box to execute your FX trading plan?The vast majority of the most successful traders in the world possess, or have learned to develop, a state of emotional disconnectedness from their trading. The ability to doggedly stick to a plan, even through periods of drawdown, is a testament to their remarkably robotic decision making ability. In a bid to artificially recreate this trait in your trading you may have considered programming, or buying, your own automated algorithm. However, if like me, you find it difficult to calculate support/resistance levels, program recognisable chart patterns, and quantify many other seemingly arbitrary elements with any useful accuracy, you will also begin to realise the sheer number of interlinked factors that must be considered. Discretion, born out of intuition, is often something we exhibit without realising, but it …
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hedonist avatar
hedonist 12 Oct.

@OneGoodTrade: Thank you for your kind comments. In my opinion, psychology should have as equal consideration as technical and fundamental analysis. I don't think any trader can be successful if they have no regard for their emotions.

hedonist avatar
hedonist 12 Oct.

@doctortyby: I have been trying to reply to your comment since Monday, but there has been a glitch on this website. Anyway, thank you for your comment and I'm glad you liked the "psychology behind the candlesticks". With respect to "profitability ratio", it's a bit beyond the scope of this article, so maybe that's something I can address next time. Thanks buddy.

SpecialFX avatar
SpecialFX 13 Oct.

Good article, anyone who mentions Jesse Livermore and Richard Dennis (not Ron Dennis! lol) gets my vote :) I have the books you mention as well. @OneGoodTrade Unfortunately, any articles that have a lot of text to read, or are based on fundamental analysis, or psychology, or have a long term view of the market, or are too techie, get little attention. A few charts with tons of indicators, a few sentences, short time frame, that is what gets views, even if the strategy/prediction is completely flawed. There is little correlation between the quality of the articles and how popular they get :)

hedonist avatar
hedonist 13 Oct.

@SpecialFX: Ron Dennis? The old McLaren team principal, haha! I actually read your article from last month about shorting the YEN. That was really well put together and a good read. Obviously it was good, because it won, lol! I do agree with you about lengthy articles with limited pictures etc receiving low populartity ratings. I should have considered people for whom English isn't their mother tongue. Perhaps I'll make the next one slightly more readable. Oh and Jesse Livermore - Absolute legend. A shame he committed suicide. Maybe there's a lesson to be learnt there somewhere...

bmg avatar
bmg 30 Oct.

nicccccccccccccceeeeeee

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