Posts Tagged ‘Forex strategy’

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Morning Star

The morning star is a bullish reversal pattern, which consists of three candlesticks. You can locate this pattern at the end of a down leg in the market. The first candlestick is bearish. The second candlestick is a small candlestick, which can be either bearish or bullish, and gaps lower. If it is bullish, then the chances of reversal are more. It can also be a doji candlestick. It is followed by a bullish […]

Bullish Engulfing

The bullish engulfing is a bullish reversal pattern. This pattern consists of two candlesticks. This pattern occurs at the end of a downtrend. The first candlestick is bearish. The second candlestick is bullish, which completely engulfs the range of the first candlestick. You can enter a long position after the formation of this pattern with your stop-loss below the lows. Use technical indicators for additional confirmation. For example, look at this chart. You have […]

Piercing Line

The piercing line is a bullish reversal pattern. This is the opposite of the dark cloud cover pattern. You can spot this pattern at the end of a down leg in the matket. The first candlestick is a bearish candlestick. It is followed by a bullish candlestick opening below the close of the first one and closes above the midpoint of the first candlestick. You can enter a long position after the formation of this pattern with your stop-loss below […]

Bullish Harami

The bullish harami pattern consists of two candlesticks. This is a bullish reversal pattern. It occurs at the end of a down leg in the market. The first candlestick is bearish. It is followed by a smaller bullish candlestick contained within the trading range of the first candlestick. You can enter a long position after the formation of this pattern with your stop-loss below the lows. Use technical indicators for additional confirmation.

Bull Flag Chart Pattern

The bull flag pattern is a short-term continuation pattern. You get this pattern when the market makes a brief pause in price action. This is seen as a reliable continuation pattern. You have the price making lower highs and lower lows within two trendlines. It is formed inside an uptrend. When the price makes a breakout, then look for the point of breakout as support. The height of the flag pole when placed at the point […]

How to Trade a Simple Swing Forex Trading Strategy

This video discusses about forex trend turtle channel strategy, which is a swing trading strategy. The turtle channel was created by Richard Donchian as a technical indicator. You can use this indicator for breakout trading. This indicator consists of a 20-period high price and 20-period low price with a center line. You can buy the breakout above the channel or sell the breakout below the channel. You can identify an existing […]

How to Enhance Your Moving Average Crossover Strategy

In this video, you will look at the moving average crossover strategy. The moving average is a popular technical indicator among the forex traders and it is available for free on your MetaTrader platform. You can use this indicator to find out an existing trend. The other way is to use a combination of two moving averages and use crossover to generate buy and sell signals. It also provides dynamic support and resistance. Consider […]

How to Use Parabolic SAR Effectively

The parabolic SAR Indicator tells you the information about the short-term momentum and hence the direction of the market. When the dots appear below the price, then it is the buy signal. When the dots appear above the price, then it is a sell signal. However, when the market ranges, then you get too many signals, which appears to be confusing. Hence, you can increase your timeframe. Another way is […]

How to Use Inside Bar — Trading Set Up — Forex Trading Strategy

This video talks about a profitable trading strategy using an inside bar trading setup. The pattern consists of a big bearish candlestick formed after an uptrend. It is followed by a bearish pin bar candlestick pattern, as you can see on the daily chart. This is also an inside bar. A bearish pin bar candlestick consists of a long upper tail with a small body below. A bullish pin bar candlestick consists […]

Sit on Your Hands in Forex Trading

According to Bill Lipschutz, if most traders would learn to sit on their hand 50% of the time, they would make a lot more money. A common mistake is that most of the traders lose money in bad trades and then they to recover them. You might have not given a serious thought until you start losing in trading. You might have started to budget your money, when there is […]

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