my view on eurjpy plan to go long at blue zonal area.. https://charts.mql5.com/13/980/eurjpy-h1-fbs-inc.png click the source file...
Candlestick patterns are important signals on all timeframes. The problem is most of the time you read the signals wrong. There is some vagueness attached with each candlestick signal. You need to master the art of knowing when to act and when to ignore...
Trendlines are very simple yet very powerful technical analysis tools. Trendlines are a powerful leading indicators that you should learn how to use effectively. Trendlines are drawn by connecting two higher lows or lower highs. Surprisingly price seems to obey and respect these trendlines...
Hexa Trader – A tried and tested method that had let to all its members banking a minimum of four thousand dollars a week! – Record breaking accuracy of up to 94...
Ichimoku Kinko Hyo indicator is very good indicator that many traders ignore because of a difficult name. There are many professional traders who trade solely based on Ichimoku Kinko Hyo indicator...
Support and Resistance is a very important concept in trading. Support is the area where price finds great buying pressure and bounces up. Resistance is the area where price finds great selling pressure and bounces down...
15 minute chart is good for scalping. On M15 chart you can catch good 500-100 pips moves easily depending on the currency pair. Candlestick patterns on M15 chart when combined with support and resistance can be good signals...
If you don't understand M5 chart, you will lose a lot on it. The key to understanding M5 lies in trading it naked. Naked trading means focusing only on price action and ignoring indicators. All indicators are lagging. So ignoring them won't be a problem if you know how to read price action...
Why multiple timeframe analysis is important in currency trading? If you want to develop a big picture, first take a look at the higher timeframe. This gives you the picture of the main trend. On lower timeframe you will find price moving against the main trend...
High Frequency Trading data is hard to get free. Most of the people subscribe to price feeds and pay $50-$100 per month. In this post I give you the python code to download High Frequency Trading Data from Google Finance. The lowest time interval is 1 minute...
Renko charts have also been invented by Japanese traders just like candlestick charts. However renko charts are different than candlestick charts. Renko charts eliminate time altogether and instead focus on a minimum price movement defined by the trader...
If you are learning Python then this post can help you a lot. In this new post I show how you will download daily stock quotes data from Yahoo Finance. Then how you are going to draw the candlestick chart. We will be using matplotlib library...
Talking Points: Technical Strategy: Bullish can be confirmed soon Elliottwave Count: Wave 2 can mark completed Analysis As per previous analysis, AUDNZD (Australian dollar / NewZealand dollar) was expecting to complete it's wave 2 correction @ 1.0350 after having an high over 1.0726...
Pivot Points are popular with professional traders. Daily Pivot Point and Weekly Point Point Levels are considered important levels. There are many trading strategies that revolve around these pivot points...
98.4% That USDCHF will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that USDCHF main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that USDCHF will reverse soon to its main trend...
99.6% That EURJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that EURJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that EURJPY will reverse soon to its main trend...
99.6% Probability That AUDJPY will Close on a Bearish Weekly Candle this Week! . On weekly graph it seem that AUDJPY main trend is bearish...
99.8% Probability That GBPJPY will Close on a Bearish Weekly Candle this Week! . On weekly graph it seem that GBPJPY main trend is bearish...
98.4% That USJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that USDJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that USDJPY will reverse soon to its main trend...
