Forex Trading and Miscellaneous

Dragon is a reversal pattern related to technical analysis in Forex. It is a candlestick pattern that indicates the beginning of a trend reversal. It points out the change from a bearish market to a bullish one. Recognizing the Dragon Patter on the Chart: How does it form? This pattern forms when the market starts […]

Do you you can successfully trade with the naked charts? Yes, this is possible if you have sound grip on candlestick pattern. There are several candlestick patterns but you should know few to trade successfully. This article focuses on two of the most popular reversal candlestick patterns, Hammer and Hanging Man. What are Hammer and

The trading business is unpredictable. Often, we feel we have made the right decision, but somehow we still suffer a significant loss. This is not because of patterns but some mistakes that traders make while dealing with the patterns. In this article, we will discuss triangle formation and how the triangle formation does not work.

In this article, we will be discussing the Jaroo price action strategy. This strategy has interesting features. It defines the key moments, makes market entries simpler, and determines short-term goals precisely. Classic price action may work fine for you, but you better combine it with this trading technique to get better results. Following are the

Triple Top is a price action pattern that predicts the reversal of the bullish trend. The pattern is represented as three consecutive highs of equal height. It is a special type of Head and Shoulders pattern where the head is placed at levels with the shoulders. Both of them signal a change from an uptrend

Ross Hook strategy uses price movements to foresee trends rather than using indicators. The “Hooks” was created on the 1-2-3 patterns of chart analysis. Ross took inspiration from this formation and brought forth his strategy, which is highly effective and is widely preferred by traders. How to Use Ross Theory Practically? In his book, Joe

The candlestick models have been in use since the early 19th century. The engulfing pattern is a reversal candlestick pattern. It indicates that the current trend is changing its direction. Once you interpret the pattern correctly, your chances of entering the market at the start of a trend increase considerably. What is an engulfing pattern?

You might have often seen gaps on the price charts. You might have also wondered why do these gaps occur. Mostly we see the gaps when a new week begins. You can use these gaps in your favor while trading. You can devise a trading strategy with an acceptable risk to reward ratio. Let’s explore

There is no surprise that the candlestick patterns are known to any trader working in this business. As a trader, even if you do not use candlestick analysis, you must at least know how to identify it on the charts and benefit from them. Unfortunately, it is a highly taxing job for most traders to

The GBP/USD is the second most traded currency pair in the global financial markets and one of the most popular among beginner forex traders because of its high levels of liquidity. Although the UK economy no longer has the dominant position it once commanded in the global economy, it is still significant due to London’s