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Strategy: Three Black Crows and Three White Soldiers Candlestick Patterns

Refusing to Take a Loss — How to Deal with Trading Losses?

There is an old saying that the trend is your friend. But it is important that you must catch a move earlier. When you enter a trend a bit late, then there is no point hanging on to a losing trade. Also, it would be dangerous to your capital, if you shift your stop-loss hoping that the market would come back in your favor. This could […]

Daily Market Roundup — December 10th 2018

The US dollar and stocks are falling, while Gold, euro, and Swiss franc are strengthening. The EUR/USD pair has broken to the upside. The broken resistance at 1.1470 could act as support.. The resistance levels are 1.1453, 1.1547, and 1.1572. The support levels are 1.1360, 1.1306, and 1.1256. The USD/JPY pair is trading in a descending price channel. Whenever money flows into safe haven currencies, the yen gains from it. The resistance levels […]

What Is Multiple Timeframe Analysis in Forex?

In this video, you will learn about multiple timeframe analysis in forex trading. Multiple timeframe analysis helps you to identify the market direction by comparing higher and lower timeframes for a currency pair. Instead of entering on a higher timeframe, you can use a smaller timeframe to take a trade, to minimize risk, and use a smaller stop-loss. You can use timeframes like the 15-min, 1-hour, 4-hour, and the daily. You can use the larger timeframe […]

Fatal Mistakes of System Hopping: Risks and Consequences

In this video, you will understand what system hopping is. Those who are new to forex trading, use a trading system using a demo account, without fully understanding it. They are happy as long as they make profits. But when they make a loss, they regret the system, and go for another one. They keep doing this for a long time searching for a holy grail. For example, consider a moving […]

How to Draw Trend Line Forex Strategy Correctly?

In this video, you will learn how to draw and trade using trend lines. Trend lines give you a better visual representation of an existing downtrend. You don't need great skills to draw them. Draw them by connecting the lows for an uptrend and connect the highs for a downtrend. It is not important if you use the body of the candlestick or the wicks. Use two consecutive lows or highs. As the trend progresses, you will see […]

How to Identify Double Top Chart Pattern in Forex?

In this video, you will learn how to identify and trade the double chart pattern. You locate this pattern at the end of an uptrend. You can take a short position using this pattern. It looks like the letter "M" after forming two peaks. The psychology behind this pattern is that buyers are met with resistance twice and price reverses to the downside. Look for the break of the neckline for the completion of this pattern. […]

Daily Market Roundup — December 6th 2018

The greenback is bullish. The Aussie and Crude Oil are looking bearish. The EUR/USD pair is through a wide consolidation and is also looking bearish. The resistance levels are 1.1417, 1.1453, and 1.1547. The support levels are 1.1306, 1.1256, and 1.1150. The USD/JPY pair is trading in a descending price channel. The resistance levels are 113.23, 114.18, and 114.74. The support levels are 112.63, 112.19, and 111.43. The GBP/USD pair is making new […]

How to Identify Double Bottom Chart Pattern in Forex?

In this video, you will learn how to identify and trade the double bottom chart pattern. You look for this pattern at the end of a downtrend, so that you can take a long position. What is the psychology behind this pattern? As the downtrend slows down, it finds support attracting buyers. They manage to push price away from support. As the trend is still intact, sellers come at higher level, pushing […]

Daily Market Roundup — December 5th 2018

The pound is looking bearish and the greenback is looking bullish. The EUR/USD pair is consolidating at the moment and is looking bullish. The resistance levels are 1.1417, 1.1453, and 1.1547. The support levels are 1.1306, 1.1256, and 1.1150. The USD/JPY pair is showing bullish sentiment after finding support at 112.66. The resistance levels are 113.60, 113.18, and 114.74. The support levels are 112.66, 112.19, and 111.43. The GBP/USD pair is looking volatile […]

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