Are you tired of memorizing all the important candlestick patterns in Forex? Do you wish there was a way to quickly identify a pattern and what it signals? I hear ya… To help all of you traders out; I’ve created this HUGE candlestick pattern cheat sheet. It is a listing of 24 of the most … Read more
Ahh, the Doji… One of the LEAST studied candlestick patterns in all of forex – and one of the most overlooked too. Few traders take the time to really understand the Doji and the information it gives about price… it just doesn’t have the ‘swag’ of the other candlesticks patterns, you know. However, it’s highly … Read more
Having a detailed knowledge of candlesticks and what they signal is one of the key requirements for successful trading. Candlesticks come in all kinds of crazy shapes and formations… pin bars, engulfing candles, inside bars, to name just a few. Most traders are familiar with these patterns, but there’s another that always gets overlooked: The … Read more
Today’s guide is a really important one because I’m going to teach you how to navigate and deal with the most difficult market condition in all of forex… Consolidations! Along with trends, consolidations are one of the three key market phases you need to navigate in forex… and by far the trickiest. A single consolidation … Read more
Today, I’m going to give you a complete breakdown on how to trade one of the only chart patterns worth paying attention to in forex… Yes, I’m talking about the double bottom pattern. Along with it’s brother (the double top), the double bottom is a reversal pattern that forms often in forex. Created from price … Read more
Being a price action site, I’m NOT a fan of technical indicators. They lag way too far behind price, rarely tell you anything you can’t know from simply looking at a blank price chart, and just generally aren’t that useful to use when trading. But not all indicators are bad… Some can actually be really … Read more
If you’ve spent any length of time studying price action, you’ll have come across the concept of support and resistance. One of the most important trading concepts, support and resistance levels are lines that identify points where the price of a currency has a high probability of reversing. They form on all currencies and time-frames, … Read more
In today’s post, I’m going to show you how to use one of the most useful and important tools in all of price action: Yes, I’m talking about The fibonacci retracement tool. The fibonacci retracement tool (or fib tool as I call it), is designed to help you find when and where a retracement will … Read more