Article Library

26/41
Ranking
What is Technical Analysis?
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is “likely” to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.
Technical analysis is applicable to stocks, indices, commodities, futures or any tradable instrument where the price is influenced by the forces of supply and demand. Price data (or as John Murphy calls it, “market action&rdquo refers to any combination of the open, high, low, close, volume, or open interest for a given security over a specific time frame. The time frame can be based on intraday (1-minute, 5-minutes, 10-minutes, 15-minutes, 30-minutes or hourly), daily, weekly or monthly price data and last a few hours or many years.
The Basis of Technical Analysis
At the turn of the century, the Dow Theory laid the foundations for what was later to become modern technical analysis. Dow Theory was not presented as one complete amalgamation, but rather …
Read article
Translate to English Show original
daniellabas avatar

Good job

peterjohnson avatar

nice one!

geomehdi avatar
geomehdi 31 Aug.

good job!

geomehdi avatar
geomehdi 31 Aug.

good

irene1r avatar
irene1r 31 Aug.

great. i like it

orto leave comments
20/26
Ranking
Trading-Tactical Approach The major distinction between pro traders and others are deeply associated with their trading approaches. Depending on the approach some will grow up as pro trader and some will go to the paths of gambling. Unfortunately, there is tremendous tendency for people to want to follow a guru, or anyone who speaks with authority instead of developing their own skills and without awareness they fall to the latter category. So, I will share with you my experience of how I am developing my skills (I must say that I am still on learning curve). “House Building” is my concept to build competitive edge in trading business. (Figure 1) The principle of gaining skill in trading is a like building house. You need strong foundation, floors, walls, pillars, windows, ceiling and roofs. The “House Building” concepts I used will provide you with a powerful idea on trading methodology. Your intra-day decisions will be better timed and you will have more confidence when you use all of these tools. Figure 1. Trading House Foundation-Discipline. You must have a strong base for a profitable structure. To build base in the trading is the discipline (the foundation). Without build…
Read article
Translate to English Show original
Ne_juli avatar
Ne_juli 9 May

Like always nice article about trading my friend

Sasha_spicy avatar

Well written article! Keep going :)

AAAnya avatar
AAAnya 10 May

Nice!

vugarali avatar
vugarali 13 May

interesting article

Dominos avatar
Dominos 23 May

good article

orto leave comments
25/31
Ranking
Since 12th January 2018 EUR/USD has been trading within the interval of 1.2150 and 1.2550. Since mid February it has narrowed further down from the top to 1.2480. I find the EUR/USD to be at a very interesting point at the moment. Currently this pair is fluctuating around 1.22 level and further depreciation below the recent low at 1.2150 could entail a stronger downward movement and euro selloff.
Last week EUR/USD rose to 1.2415 mid week just to drop steeply afterwards. This week the pair has continued it's rather strong depreciation by breaking resistance at 1.2220, low from April 6th, and is nearing the low of March 1st at 1.2150.
On the 4 hour graph we could distinuish the 5 Elliot wave movement from 1.2400 to 1.2180. Afterwards we saw some retracement to around 1.2240 what lead to the break of the most recent downward trend line on the 4 hour graph. I consider the current point to be crucial in the EUR/USD determing furhter direction. Further depreciation will confirm the downward trend. However a move back up and moving away from the lower bounderies of the current canal (visible on 1 day graph) may indicate further consolidation within the previous intervals of the canal.
In …
Read article
Translate to English Show original
Aaamira avatar
Aaamira 30 Apr.

very nice article!

spo1409 avatar
spo1409 6 May

Зб

WallStreet6 avatar

thanks :)

orto leave comments
27/32
Ranking
Hints and Ideas about FX Majors

Ideas from last week :

  • USD enjoyed a ride against most currencies as US data helped a lot, ADP and NFP employment data were better, Wages growth at 2.9% VS 2.6% expected and all of this helped expectation of higher interest rate at (FED) March meeting.
  • Euro still hold last month gains VS majors as EU data still helpful, also most of (ECB) speakers agreed that next normalization step should be soon and some hint that QE may end at September meeting and all of this helpful for Euro bulls.
  • Aussie got a hit last week as most AUD data disappointed, Mean CPI Q/Q 0.6% VS 0.7 expected, Building approvals -20% VS -7% expected and all of this put heavy weight on Aussie.
  • Kiwi moved in mixed VS majors as no significant Kiwi data last week but Kiwi mostly affected by drop of Aussie which in most time move in same direction VS majors.
[list][/list]…
Read article
Translate to English Show original
orto leave comments
27/44
Ranking
In order to be more successful in trading, a trader must be armed with many tools and information, on the basis of which he could draw conclusions about the current situation in the market and about his future movement. One such tool is the weekly report on open positions of traders COT (Commitments of Traders).
The market must be regulated, otherwise it will be in chaos! In order to make the market more transparent, traders constantly report to U.S. Commodity Ftutres Trading Comission (CFTC). Thus, in public access, anyone can look at the information on the instrument of interest.
Reports are posted on the CFTC Commission website. To view the report, click on the link.
Report structure
For example, take the block of the report, which provides information on the Euro. This information (see the figure) is presented in the form of a text report indicating the number of open positions (contracts) for the purchase (LONG) or the sale (SHORT) of futures and options contracts, as well as their change (CHANGES FROM) relative to the previous report. The SPREADS column contains the number of opposite positions. In the TOTAL column, the total number of positions is stored - separately for LON…
Read article
Translate to English Show original
RahmanSL avatar
RahmanSL 27 July

"Large players use "deep pockets" and their deposits are able to withstand large movements against their positions." Yes, in the world of forex, money makes money

Achchuthan avatar
Achchuthan 28 July

Fundamentally sound.

earspower avatar
earspower 28 July

myfxbook is useful. I will add this into my system.

JuliannaS avatar
JuliannaS 15 Aug.

This article needs dukat

orto leave comments
49/65
Ranking
1.- Abstract
US Dollar was strong against the JEN until December 2016 touching a zone around 118, but from that time was going deep and deep.
Today the US Dollar has reached a zone around 108 and seems to be forming a correction and maybe that means to be even lower. So, the responsible for that could be the JEN and many people say the next month will gain more ground in the forex market.
2.- Development
The chart below is showing the actual status of pairs with YEN and the analysis of each of them.
2.1 USD-JPY
There is a strong area around 106.5 and the price action here could reach it these weeks.
The weekly chart has formed a big bearish candle and to see a big swing we need a reversal pattern.
2.2 GBP-JPY
The pound looks less affected here and seems to be going up to the nearest high at 147.5
But if the price action goes lower the next area comes to the support at 130.
2.3 AUD-JPY
The Aussie has affected as well as the US Dollar and the next level of interest are around 80.
If the price action closes below this area, the next level could be around 76.
2.4 NZD-JPY
The Kiwi has the same outlook and the next level of interest is around 74.…
Read article
Translate to English Show original
AnnaZhurina avatar

Интересная статья !

antoniogreenblue avatar

Interesting

orto leave comments
36/65
Ranking
1. Abstract
This week seems to be very interesting because the price action is making changes because of the strong US DOLLAR.
So, is very important to have a watch list and follow it and today I will share it.
The information suggested here is not an investment advice and must check it before to take any trade decision.
2. Development
2.1 AUDUSD
This pair was loosing ground since March 20th who reach a price of 0.775 but at the moment has reach a zone around 0.75
The price at this level was touched by first time on March 8th and seems to be forming a resistance level.
I am waiting for a pattern formation about reversal or trend continuation to make a move.
If the price action can close below this zone, we could see a move lower around 0.73
But if don't a move like correction to the recent lower high to reach the 0.762 zone maybe is the second option.
2.2 BRENT
The recent issues on Siria was the boost to this commotidy and maybe could be around 58$ or more.
This began on March 23th when brent touched the 50$ and since that day was climbing till today around 56$.
A strong resistance is around 57.5$ and a close above this level could send prices even higher.
For now I am waiting for …
Read article
Translate to English Show original
ak10 avatar
ak10 13 Apr.

Useful.

Adel55 avatar
Adel55 18 Apr.

جيد

gargantua avatar
gargantua 21 Apr.

good article

orto leave comments
32/69
Ranking
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 15.87187
SUPPORT LEVELS : 13.0001
PAIR ANALYSIS :
USD/ZAR after the Brexit suggest a bullish trend as indicated in fig 2. There is the possibility of a triangle figure pattern where the currency pair could be dominated by a trendless position tendency with different profitable opportunities along the support line and the resistance line as indicated in fig 1. The Linear Regression Slope around -0.01 and the configuration of the Parabolic Sar seem to support the slightly bearish trendless tendency. Also the money flow index and the US economy improvement can support the trendless domination. It could be considered the key level price around the 13.0001 as support zone and 15.001 as a resistance zone. A bearish crossing at the support line or a bullish crossing at the resistance line could suggest a bearish or a bullish market monopoly.
FIGURE 1 shows the trendlines
FIGURE 2 indicates the forecasting pattern
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 1.3687
SUPPORT LEVELS : 1.48097
PAIR ANALYSIS
Read article
Translate to English Show original
Beto avatar
Beto 19 Dec.

Interesting way of technical analysis on non common currency pairs. Good job.

yellownight avatar

usd advances on all lines

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]…
Read article
Translate to English Show original
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…
Read article
Translate to English Show original
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
31/57
Ranking

AUSTRALIAN TECHNICAL ANALYSIS
CHART SCALE
: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 0.77302
SUPPORT LEVELS : 0.74685 - 0.75067
PAIR ANALYSIS :
The Aussie is in a bearish tendency as indicated in fig 1. The currency from the parabolic sar indication could be considered as dominated by the offer part of the market. The Linear Regression Slope around -0.001 and the configuration of the Parabolic Sar seem to support a slightly bearish tendency. The forecasting pattern indicates the possibility of retracement around the support line as indicated in fig 2 . A bullish crossing at 0.77302 could indicate a possible bullish monopoly. China GDP can support the bearish trend.
FIGURE 1 shows the bearish tendency

FIGURE 2
indicates the forecasting pattern
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 1.03629 - 1.05522
SUPPORT LEVELS : 0.98677
PAIR ANALYSIS :
AUD/SGD is in a slightly bullish tendency after the retracement at the support zone as indicated in fig 1. The currency pair has been dominated by a buyers positions tendency with few corrections started at 0.98677. The Linea…
Read article
Translate to English Show original
Elens94 avatar
Elens94 31 Aug.

good, thanks!

foreignexchange avatar

klizthiac do you have a strategy with parabolic Sar?

TInna avatar
TInna 1 Sep.

well done. good job

klizthiac avatar

En el gráfico de 4 horas si la tendencia está en relación con la tendencia detectada en el gráfico diario. Sin embargo, en este gráfico vamos a añadir líneas verticales para demarcar las áreas donde el SAR Parabólico mostró cambios de tendencia. Por ejemplo, si el gráfico diario mostró una tendencia bajista, y el gráfico de 4 horas también indica una tendencia bajista, debemos colocar una línea vertical en el área donde los puntos del SAR Parabólico aparecen por primera vez arriba de la acción del precio.

klizthiac avatar

AUD/SGD Figura 1
Diamante: Esta figura se forma cuando las cotizaciones son muy volátiles, por lo tanto las líneas de soporte y resistencia dejan de ser importantes. Estas variaciones de precios hacen que se cambie en pocas sesiones del pesimismo al optimismo o lo contrario. El diamante entonces nos anuncia el fin de la tendencia. Sus consecuencias la gran mayoría de las veces son a la baja

orto leave comments
27/52
Ranking
SOME AUSTRALIAN TECHNICAL ANALYSIS
AUD/CAD possibility of trendless ?
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 0.97182 - 0.98931
RESISTANCE LEVELS: 0.92312 - 0.9410

PAIR ANALYSIS :
The AUD/CA is in a slightly bullish tone after a rebounce at the support line at 0.9410 as indicated in fig 1. The pair pattern analysis suggests the possibility possible bounce around the resistance line at around the key level price at 0.98931. The Linear Regression Slope around 0.0032 can be analyzed as slightly bullish tendency.The MFI and the Parabolic Sar can suggest the validity of the figure pattern and the indecision of the market. The chart analysis suggest the possibility of a sell lim pending order at 0.98931 with TP at 0.97132 and SL at 1.0082 . ( Fig 2)
A bearish crossing at 0.92312 can validate a significant bearish domination.
It can be evaluated a forecast level price at 0.97182.
FIGURE 1 shows the triangle formation
FIGURE 2 indicates the forecasting pattern
AUD/CHF Slightly bullish
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LE
Read article
Translate to English Show original
williamb avatar
williamb 2 July

bel lavoro

orto leave comments
30/66
Ranking
This article (if you'd like to call it an article) will be strictly technical and based on andrew's pitchfork analysis of the weekly and daily charts of EUR/USD. So here are the charts:
This is an analysis of the pitchfork, which, as you can see in the first weekly chart, is respected by the price action, meaning that the median line served as strong support in Q2 and Q3 of 2015. Then at Q4 we broke this support and revisited the 1.05 region, which has both strong psychological and volume wise barrier, ie. bids are very strong at this level.
The euro just can't keep falling forever as the short trade is way too overcrowded. This gave rise to the short squeeze on the ECB event, where just in one day bears got ripped apart. This is the turning point for the euro, as all the fundamental dire straits have been priced in over the last year or so. Holding a euro short position these days feels like holding a hot potato, where fund managers are looking for a way and excuse to cover the shorts (preferably before year end). By an excuse I mean any event that will bring about volatility and volume, for example, even if the NFP's are a blowout number then they will cover their shorts into tha…
Read article
Translate to English Show original
Maxim3 avatar
Maxim3 13 Jan.

good writing

Anastasia_Sidneva avatar

very interesting

fx211pips avatar
fx211pips 14 Jan.

today the price opened on the boundary of the minor pitchfork in pink, wicked below and went back up again, this pitchfork really is working nicely

fx211pips avatar
fx211pips 16 Jan.

well, it's not working nicely with the article results:)

massimoscalas avatar

very interesting!

orto leave comments
12/61
Ranking


Introduction

In this article, it has been collected a series of information about the NZD/USD pair and a description of a trading strategy with the scope of indicate a pair forecast at 21:00 GMT 30/09/2015 . In accordance with a traditional approach to explaining exchange rate changes, the studies focus on the
  1. The role of the China and the FED played in fundamental analysis
  2. A selection of indicators that support the technical analysis.
  3. A trading strategy
The data and the chart comes from the Dukascop…
Read article
Translate to English Show original
Mariia avatar
Mariia 27 Sep.

very useful Durden

Vitalinka_Pavlenko avatar

wonderful job

missanzhelika avatar

Love the detailed description! Very well done.

TRAD3R avatar
TRAD3R 1 Oct.

surely useful , thanks :)

Natali_Niyazova avatar

great! Ur job is great!

orto leave comments
3/61
Ranking

The pioneer that started to integrate the theory of Astrology in the financial markets was William D. Gann, which along with other types of strategies, was a very successful trader with high winning rates on the start of the 20th century. Probably many have seen the Gann indicators in trading software, but there is much more to know about this man’s ideas. Let’s start with an introduction about the zodiac.

The Zodiac

This is the basic astrological tool to start with. It is a two dimensional chart of our solar system and it is used to point the location of the planets in any moment. The zodiac is split in twelve equal signs that start from the right, counterclockwise, beginning with Aries and ending with Pisces. Here is the list of signs associated with the geometric degrees on which they position on the wheel, and the wheel itself:
Further, we take into account the nine astrological bodies, together with the Sun and the Moon that are considered planets here, which are used with the zodiac signs to form an ephemeris. An ephemeris helps to view the positions of astrological bodies. The final instrument we need here are the relationships between the planets that describe the relatio…
Read article
Translate to English Show original
Ivory avatar
Ivory 14 Sep.

Thanks for the feedback. I too just recently discovered Astro trading, and I will test its theories in the future.

Airmike avatar
Airmike 23 Sep.

stars ? really :)

Ivory avatar
Ivory 23 Sep.

They're working for some people, Mike :). Thanks.

Koryphaeen avatar
Koryphaeen 24 Sep.

This gives a really nice insight, I heard and read about the supposed correlation between astro-cycles and trading, but never gave it a shot learning it... because I cannot grab it in a technical way to have it built into a consistent strategy which works well after that. So I'm sticking with trading what I see and what I can explain technically for now :)

Ivory avatar
Ivory 24 Sep.

It can be interesting more than useful :). Thanks.

orto leave comments