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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!

orto leave comments
7/30
Ranking
1. Abstract
I have found some possible trade ideas to have in mind this week and maybe to the next one by patterns on few currency pairs.
And today's article I want to give to you this possible opportunities.
As always do not take this information without any validation and forecast by your own risk management.
Before the end of the current year I will make a review about the results produced by this advanced patterns.
The suggested approach could be risk 50 pips as stop loss and the entry / exit at key levels or support / resistance areas.
2. Development
The best is to follow the same process again, and again to improve results in the long time.
So, based on this goal. I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
READING SIGNAL TIME: 13/DEC/2017 00:00
2.1 NZD/CAD
2.2 GBP/USD
2.3 EUR/AUD
2.4 CAD/JPY
2.5 AUD/JPY
3. Conclusion.

[list][/list]…
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Sebine avatar
Sebine 14 Dec.

Interesting!

samir_valiyev avatar

Good

Natalia_Kisenko avatar

very well written!

FXRabbit avatar
FXRabbit 19 Dec.

Good technical analysis of the different pairs!

k_morocco avatar
k_morocco 27 Dec.

very good technical analysis

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5/28
Ranking
1. Abstract:
I have found some possible trade ideas to this week and maybe to the next by patterns on few currency pairs.
And today's article I want to give to you this possible opportunities.
As always do not take this information without any validation and forecast by your own risk management.
The next week I will review the results produced by this advanced patterns.
The suggested approach could be risk 50 pips as stop loss and entries a key levels and / or support - resistance areas.
2. Development:
The best is to follow the same process again, and again to improve results in the long time.
So, based on this goal. I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
SIGNAL TIME: 02/OCT/2017 07:00 GTM(0) > LONDON SESSION
Chart = 4 hours by bars
X = current price at article's creation
SUMMARY:

  • AUD/CHF, BULLISH BUTERFLY, X=0.7588
  • AUD/USD, BULLISH BUTERFLY, X=0.7822
  • CAD/CHF, BULLISH GARTLEY, X=0.776
  • EUR/CAD, BEARISH GARTLEY, X=1.469
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RahmanSL avatar
RahmanSL 5 Oct.

Great Technical Analysis ...should help Traders here at Dukas community.

mcquak avatar
mcquak 7 Oct.

Nice article, and thanks for sharing your findings!
I used to study Harmonic patterns but I never got any significant statistical winning edge applying them in FX spot trading. I tend to believe they historically might worked, but they do not anymore considering that predominant markets participants these days are algos based on AI, advanced statistics etc.
Would you have any longer term statistics of applying harmonics to currency trading?

Beto avatar
Beto 11 Oct.

Thanks mcquak, I do have records of this advanced patterns.
But I started out recently around less than six months.
I found some particular situations by testing their profitability.
My advice based on my own knowledge and practice is that patterns tends to work very well as long term investment, not as day trader. That means could be great to have one account only to place trades like this to set and forget, I saw very good results by wait and track them each one or two weeks risking about 50 pips and trying to fit the entries using key levels, that's why I use Fibonacci numbers.

Klaudia25 avatar
Klaudia25 13 Oct.

very good article

Natalia_Kisenko avatar

Great article!

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4/54
Ranking
1. Abstract:
I left some possible entries by patterns on few currency pairs. And today's article I want to talk about of the results produced by these entries the last month. The original post you can find here: Post 4 August 2017

There are few who produced high results and other who produced loss, the review process was done assuming a simple money management in this case, was placing an order above or below of "D" point with a risk between 30 to 50 pips, a limit to the nearest zone or at the key levels using Fibonacci numbers, no move the stop loss till the next seven days or more.
At the end I will leave another few pairs with the same possibles entries to be analyzed the next week.
2. Development:
The best is to follow the same process again, and again to improve results in the long time.
So, based on this goal. I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
Below you can see the entries of the last post on 4/August/2017 and a summary of the final result at today.
SIGNAL TIME 29/JUL/17 00:00
X = price at that s…
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Achchuthan avatar

Very useful article

samir_valiyev avatar

good

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7/40
Ranking
1. Abstract:
The last week I did create a post about advanced patterns and I did describe the basis about the power of this kind of candles formations.
Also, I left some possible entries by patterns on few currency pairs. And today's article I want to talk about of the results produced by these entries two weeks ago. The original post you can find here: Post 17 July 2017

There are few who produced nice results and other who produced loss, the review process was done assuming a simple money management in this case, is placing an order above or below of "D" point with a risk of 30 to 50 pips, a limit to the nearest zone, no move the stop loss till the next seven days or more.
At the end I will leave another few pairs with the same possibles entries to be analyzed the next week.
2. Development:
I will explain each of them with a picture to understand best what the price did after the signal.
The main goal is not to get a 100% correct pattern or signal, more like how good you can manage the trades and risk.
Below you can see the entries …
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samir_valiyev avatar

well done

samir_valiyev avatar

Super

RahmanSL avatar
RahmanSL 8 Aug.

Good writing

Mariya_Suhina avatar

very good article!

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5/44
Ranking
1. Abstract:
There are a lot of information out there about pattern formations on Forex Market, but today I will talk about some patterns that are not very common in price action.
These are Cypher, Gartley, Butterfly, Shark, Bat. Also, the list is quite a little big.
I was working the last three months on this, leaving my well know process of trading a little bit alone.
And I was found some interesting situations about this kind of configurations because each pattern has specifics setups or rules.
Also, each pattern has different quality and profit win ratio.
For those who like to research and try new ways to improve your results, keep reading this maybe is an opportunity to start your own research.
2. Development:
2.1 The basis:
The chart below shows us the basic about only three patterns.
As you can see seems to be very mathematician and yes, it is.
A pattern needs to be complete to be valid, and we say that all patterns are complete when it reaches a "D" point.
To get one you need five points: X, A, B, C, D.
So, the easy part is to trade it when on any currency or stock market is found.
I will tell you the basis for entry and stop loss, also a suggested entry variation.
The hard…
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Achchuthan avatar
Achchuthan 19 July

Very useful

Achchuthan avatar
Achchuthan 19 July

Very useful

Avnish26 avatar
Avnish26 22 July

very useful patterns and strategy.

mcquak avatar
mcquak 23 July

Great article on my favorite subject "The Harmonics".
Some time ago I was mad keen on harmonics. I bought all 3 books by Scott Carney. Unfortunately I had not managed to create long term successful strategy based on the harmonics patterns. I do not want to say they do not work, I've rather meant to say it needs some persistence and resilience to learn them to use rightly.
@Beto thanks for the article

Natalia_Kisenko avatar

Well done!

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7/54
Ranking
Introduction
Pattern trading is the art of identifying recurring patterns within the charts of currency pairs. Learning and making use of these patterns can make an astronomical difference in a technical analyst’s analysis and help plot s/l’s, t/p’s, and entry’s.
In this article, I will cover a few of the most commonly occurring, useful and simple patterns in technical analysis as well as instructions on how to trade them.
3 things a pattern can indicate
  • Continuation, this signifies the current trend will be continuing
  • Reversal, when the pattern signifies a change in trend
  • Bilateral, when the direction of the market can go either way.
Common Patterns
Triangles

Triangle patterns are the most commonly seen pattern in trading especially on short term charts, they can be symmetric, ascending or descending. They are also the easiest pattern to identify and once a trader is accustomed to them, the trader will see them often.
In figure 1 we see a descending triangle pattern indicating a reversal, I could easily identify this pattern using Dukascopy’s ‘’pattern analysis widget’’.
Fig 1. Descending triangle pattern on EUR/USD 5-minute chart.
Once we have identified the descending tr…
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NikaTigra avatar

отличная работа

Slurmp avatar
Slurmp 9 June

Thank you all for the support! Much love :) check out my new article https://www.dukascopy.com/fxcomm/fx-article-contest/?Teachings-Of-The-Ichimoku-Kinko&action=read&id=3913

Alexander22 avatar

nice

Vlad73 avatar
Vlad73 12 June

well written

klintons avatar
klintons 13 Feb.

Good job

orto leave comments
11/68
Ranking
1. Abstract:
Trading on Forex markets requires different techniques to get into the trend and catch some or lot of profits from it.
The best maybe is to get into the trend when it is rising or falling. Others may say by breakout or support and resistance.
Everybody knows that but first, you need to determine what market is doing and create a strategy.
There are a lot of information of how to do that, then you need time and practice, a lot of practice.
Also, having the experience you need to think and plan the best time to enter and exit.
This article will be created by thinking about stock markets and to use three techniques to planning an entry only.
The management part I want to let you own desire because there are lots of exits strategies.
The techniques described here are tested and works, on currency pairs, stock markets and exotics.
But before you take any trading decision I strong recommend try it first and to understand the basis.
2. Development:
2.1 Trend corrections
This technique is called KNOCKOUT or KO
The best if you can, after a sell-off or breakout, price crossing from an exponential moving average of 50 or higher.
If fundamental confirm a strong move this can give …
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AngleRMS avatar
AngleRMS 23 Jan.

Good article

RahmanSL avatar
RahmanSL 24 Jan.

More good forex market article

simi avatar
simi 24 Jan.

Another great article, well done :)

brilliant avatar
brilliant 25 Jan.

nice ideas

Yulia10 avatar
Yulia10 29 Jan.

good article

orto leave comments
16/68
Ranking
1. Abstract.
There are patterns who are uncommon or we can see it rarely. A trader well prepared his value is by two.
Is very important to keep track on note or print paper with this kind of patterns because a day we can see it.
So, this article I want to talk about of formations at the point of exhaustion.
That is when sellers or buyers were very excited and make a push high.
The price action then makes a consolidation or more like a break above or below of a key level.
1.1 The Broadening pattern.
Represents exhaustion by buyers or sellers and often means that a reversal is going to happen soon.
This pattern is forming by support and resistance levels, but the lines are not horizontal.
The price makes higher highs and lower lows so the angle of the line that connect the points is more like a 30 degree up and down. This kind of formations appears at the bottom of a downtrend or the top of an uptrend.
1.2 The Narrowing pattern
Represents an extended bullish or bearish move.
The price makes lower highs and higher lows and the connections of this points make two trend lines inverted. the opposite the opposite formation of broadening. This continuation pattern means a breakout soon is …
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Alexander22 avatar

very well done!

simi avatar
simi 24 Jan.

Good job :)

brilliant avatar
brilliant 25 Jan.

good article

Nomi avatar
Nomi 25 Jan.

nice

williamb avatar
williamb 22 Feb.

good work

orto leave comments
1/69
Ranking
1.- Abstract:
Traders often are excited the moment that saw a pattern like head and shoulder because this can give to us a big profit if is managed property.
But there aren't guarantee that this pattern is 100% effective, this can be because the pattern sometimes is not clear when it comes.
Also, some traders without experience can be in troubles and fall into a bad trade if do not follow the guidelines to approach it.
The main goal of this article is to give traders the tips to catch a clear pattern and avoid those who seems are nice.
2.- Development:
There are tons of information about this pattern, but with my daily research can show to you these small things that could end a bad trade.
This pattern starts to develop when buyers are near or at a point of exhaustion and means that a reversal is coming up soon.
We can identify this and be making a relation with the highs and lows, the trend is changing because price action can not make a new higher high or lower low.
To make it quick, I will make a summary with the bad and good of this pattern.
The theory says that there are few features to know before to trade it, these are:
[list][/list]…
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Amrita_G avatar
Amrita_G 27 Dec.

Excellent article!

MarisaG avatar
MarisaG 28 Dec.

Great article!)

Helena_Prekrasnaj avatar

excellent observation of the market and good advice! Thank you))

klintons avatar
klintons 9 Jan.

Gut artikel

DumbAsArock avatar

Good article.

orto leave comments
28/65
Ranking
Abstract:
------------
Every time in forex trading we want to enter a position and get the best on profit with confidence and less risk.
Is very hard for most of traders to set up a trade having a lot of information about indicators, fundamentals, trading open sessions and few hours to check the charts.
But we can add few guidelines into our daily checks and to be confident if we see a candle with those features and to say "it could have high probabilities of success with less risk".
The doji or (Kangaroo tail)* is a pattern formation in price action that we can risk on it and get the better without spend hours and hours on the charts.
Candle bullish or bearish
----------------------------------
1.- The time frame is best no less than one hour.
2.- The candlestick have very long tails and very small body.
3.- The range of the candle must cover at least 7 previous candles and those candlestick are not bigger in size.
4.- The candle must to be in a zone that has not been trade at least one or two weeks.
5.- The open and close of the candle are contained by the range of the one previous candlestick.
Bullish
----------
The closing price must be higher than the open price.
The candle mu…
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Beto avatar
Beto 15 Nov.

Thanks everybody. Best regards.

chytry_dziad avatar

Good job!

rupesh1984 avatar
rupesh1984 22 Nov.

good work :)

MarisaG avatar
MarisaG 24 Nov.

Interesting article, well done!

brilliant avatar
brilliant 24 Nov.

useful article thank you

orto leave comments
18/59
Ranking
Chart Patterns: Head and Shoulders pattern
It doesn't really matter if you're a pro trader or a beginner in trading business when it comes to popularity of Head and Shoulders (H&S) patterns. It doesn't really matter if you are familiar with many chart patterns, because recognizing H&S pattern is a must for all traders, no matter to which level they belong to. It represents one of the most reliable and respected reversal chart patterns out there. As the name says, the H&S looks like a head with two shoulders on both sides. In case the price reverses from bearish to bullish, that is called Inverse Head and Shoulders pattern, where the head acts as a bottom. It is very important to reaffirm that the H&S pattern is reversal and not a continuation pattern.
Structure of the H&S
There are four main elements of the H&S pattern: a head, two shoulders and a neckline. Once the price breaks below the neckline, which should act as a support, that translates into a confirmation of the H&S pattern (Picture 1). As it can be clearly seen on the weekly chart of USD/JPY, the price has a head (top), two shoulders which, in this care, are not perfectly symmetrical and a neckline. Once the price breaks …
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varunk80 avatar
varunk80 30 May

keep it up, basics are good to start.

Sennna88 avatar
Sennna88 30 May

thanks a lot both of you

levaz avatar
levaz 30 May

This is a good article that accurately covers the concept of H&S setup.  The illustrations reflect the entry and exit plan.  Thanks for sharing.

Golosov avatar
Golosov 30 May

Repetition of the mother of learning.....For me.

Sennna88 avatar
Sennna88 30 May

Thanks a lot! Entry is the most important part of the  H&S setup trading levaz

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16/51
Ranking
Triangles represent one of the most popular patterns. Traditionally, they fall under the “continuation patterns”. Together with flags and pennants, these patterns indicate that the trend is pausing or in the consolidation mode before resuming in the same direction after a period of time. Once the breakout from the triangle happens, it is usually done in an accelerated manner. There are three types of triangles: the ascending triangle, the descending triangle and the symmetrical triangle.
The ascending triangles
In general, an ascending triangle indicates that the market is bullish and currently consolidating. In order to form the ascending triangle, the price has to be supported by a horizontal upward line, while the resistance line is either completely or relatively flat. As the price is going slowly up and the triangle lines converge, the chance of the breakout to the upside increases. Once the price breaks out (picture 1), that may present a signal for the entry point.
Picture 1. The ascending triangle on EURJPY Daily chart
One of the additional tips may be to look at the volume when the break out happened, i.e. the more volume accumulated within that particular candle, the mor…
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JuliannaS avatar
JuliannaS 17 Apr.

Thx for informtive article. Wish you to win )

tdbatinkov avatar
tdbatinkov 23 Apr.

That is really reliable pattern

WallStreetBlog avatar

Thank you very much for the article, very interesting!

rajib217 avatar
rajib217 26 Apr.

Very useful Strategy

000rk avatar
000rk 26 Apr.

Very interesting! Thank you!

orto leave comments
31/43
Ranking
В техническом анализе существует множество паттернов торговли. Одни являются более прибыльными, другие не очень. Зная их и особенности их использования можно значительно повысить профитности вашей торговой системы.
Одним из них является паттерн "рельсы". Данный паттерн относится к разряду свечных. Рассмотрим наиболее классический случай на историческом графике пары EURUSD:
На рисунке видно, что данный паттерн есть не что иное, как две разнонаправленные свечи, причем Close первой находится примерно на уровне Open второй. Рассматриваемый паттерн является классическим медвежьим.
Для того, чтобы правильно войти по данному паттерну необходимо выставить ордер на продажу ниже минимума паттерна. Stop уровень для данного ордера будет точка чуть выше максимума паттерна. Где именно выставить Take Profit? Для ответа на данный вопрос построим для данного паттерна линейку Фибоначчи с точкой 0, соответствующей максимуму и 100%, соответствующей минимуму. Уровень Take Profit будет находиться в районе 161,8 Фибоначчи. Здесь же мы видим четкую отработку уровня 423,6 с последующим отскоком от него.
Также необходимо отметить, что возможен некоторый откат в противоположном направлении(обычно в район сер…
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KATRIN_90 avatar
KATRIN_90 13 Oct.

Спасибо хорошая статья:)

Cremelady avatar
Cremelady 13 Oct.

класс

Polinaria avatar
Polinaria 13 Oct.

хорошие советы!)

currency avatar
currency 20 Oct.

Like

anna_n avatar
anna_n 7 Nov.

хорошо написано

orto leave comments
10/21
Ranking
Harmonic trading is based upon the theories that rule natural and universal growth cycles. Fibonacci numeric relationships conduct the cyclical traits of development in many of life's natural growth processes. These relationships can be found all over the place:
  • 0.618 and 1.618 constants are found in the Great Pyramids;
  • The golden ratio in the Parthenon of Athens and the works of Leonardo Da Vinci;
  • Planetary phenomena adhere to these golden proportions (Earth and Venus orbits);
  • Nautilus seashells's chambers possess Fibonacci relationships;
  • Fibonacci sequence of numbers can be found in over 12,000 plants specimens;
  • The human body possesses a variety of ratio measurements;
  • And so on and on and on.


Figure 1. Fibonacci Sequence in the Nautilus Shell

Market prices are defined by the degree of selling and buying, being affected by the greed or fear of the markets participants. Normally, price action moves in cycles, due to both decline and growth. As such, all participants together follow the universal principals as other natural phenomena, displaying a cyclical growth behavior.
The problem while studying harmonics is that one may get lost in the need to understand why these relationships exi…
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Likerty avatar
Likerty 16 Aug.

Yeas, Fibs have a amgical effect in te markets!:) Nice and clear explanation

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