In today’s post, I’m going to unveil a tool pivotal for decoding price movements: the Fibonacci retracement tool. Or, as I like to call it, the “Fib tool”. Imagine having a souped-up version of support and resistance lines, pinpointing potential price reversal zones during a pullback. The best part? The Fib Tool automates this for […]
How To Use Fibonacci Retracements: The Ultimate Guide (Update) Read More »
Candlestick patterns: they’re the backbone of many traders’ strategies. And while you might be familiar with the usual suspects like pin bars and engulfing candles, there’s one pattern that doesn’t get the limelight it deserves: The Spinning Top candlestick. This pattern is a frequent guest on forex charts, often appearing when bulls and bears are
The Hidden Message Behind Spinning Top Candlesticks – Revealed! Read More »
How many times after drawing a supply or demand zone have you seen price return but then reverse just before entering and giving a signal to place a trade? Trust me, I’ve been there. More times than I can count. Many traders shrug this off, attributing it to sheer luck or some mysterious market whim.
#1 Mistake EVERYONE Makes Drawing Supply and Demand Zones Read More »
General Smart Money FAQ’s: What Exactly Is Smart Money Trading? When we speak of “smart money”, we are referring to entities such as institutional investors, hedge funds, and investment banks. Or, in other words, the big players. Their trading volume is massive, and their actions cause market trends. “Smart money trading” is about monitoring these
Smart Money Traders: Essential FAQ’s And Trade Examples Read More »
General Price Action FAQ’s: What Is Price Action Trading? In essence, price action trading is all about interpreting raw price data on a clean chart. No indicators. No clutter. Just pure price movements. It’s a minimalist approach to trading that prioritizes simplicity and clarity. The core idea is to rely on historical prices to predict
Price Action Trading: Top FAQ’s And Trade Examples Read More »
General Supply And Demand FAQ’s: What Is Supply And Demand Trading? So, let’s get straight to the point. What is supply and demand trading in forex? In short: It’s all about identifying the areas, or ‘zones’, on a price chart where the currency has previously changed direction. These reversals happen because of an imbalance in
Supply & Demand Forex: Essential FAQs & Trade Examples Read More »
So, you’ve been staring at your chart, when suddenly, a candlestick with a long lower shadow appears. You squint at it, puzzled. What’s this mysterious candle trying to tell you? Is it a bullish signal, a bearish signal, or just a funky-looking candlestick? Well, buckle up, because we’re about to journey deep into the world
Long Upper Shadow Candlesticks: The Definitive Guide Read More »
Ever glanced at a chart and spotted a curious candle with a long, thin line poking out beneath its body? Well, hats off to you, my friend… You’ve just uncovered a long lower shadow candlestick! Now here’s the kicker: Among the myriad of candlestick patterns out there, long lower shadow candlesticks are arguably the most
Long Lower Shadow Candlesticks: The Insiders Guide Read More »
