Pivot points are elegant indicators that don’t necessarily come with the default settings of all trading platforms. The MT4 platform doesn’t offer pivot points, however, this doesn’t mean that the…
You may have heard the phrase, the “Fed Put’ and wondered what it means. So, here is a quick explanation as to what it is, so you can understand the…
The “piercing pattern” and “dark cloud cover” are two-candle reversal patterns that can be seen in Japanese candlestick charts and they appear often in the currency market. The pattern resembles…
One of the frustrating things when you are trading intraday is to find that you pick a direction in a trade, get that direction right, but your stop was taken…
RSI stands for Relative Strength Index, the most used oscillator among retail investors. Most likely, there isn’t a single serious retail investor out there that hasn’t at some point looked…
Bullish and bearish engulfing patterns are part of Japanese candlestick reversal patterns and they always use two candles. The name indicates to us where they form: the bullish engulfing pattern…
Japanese candlestick patterns are mostly reversal patterns. Investors love them because they don’t take long to form and are easy to trade and understand. Compared with Western or classic technical…
Market geometry is the purest form of technical analysis. It uses previous levels to suggest future support and resistance levels. The idea behind support and resistance is that if the…
In the book, Vic Sperandeo’s Method of a Wall Street Master, he warns traders about the danger of ‘recommendations’. The book is a helpful read even if some of the…
Double tops and bottoms and triple tops and bottoms are part of the Western approach to technical analysis. First documented in the United States stock market more than a hundred…