As you progress in trading, you will be tempted to use many of the fancy strategies that the marketplace is abounding with. But if you ask me, the bias is always towards something that is simple, easy to follow and effective when implemented. Continue reading What Are the Moving Averages and How to Use Them?
Double Bollinger Bands Strategy is a mechanical trading strategy. It means it doesn’t need analysis and interpenetration to decide whether the formed trade setup is strong enough to enter the market, or it is weak and you’d better to skip it and wait for a better one. It is either black or white. It means either a trade setup is formed which means you should enter the market, or there is no trade setup at all. Continue reading Double Bollinger Bands Strategy To Trade Forex
Double Bollinger Bands or DBB is popular and used by so many traders on a daily basis. The most important feature of this trading system is that it is mechanical. It means it doesn’t need any analysis and interpretation. To have a long trade setup, all you need is that the last closed candlestick closes above BB1 Upper Band while the previous two candlesticks should have already been closed below it. To go short, the last closed candlestick has to close below BB1 Lower Band while the previous two candlesticks should have been closed above. Continue reading How to Increase Double Bollinger Bands Trading System Success Rate
Bollinger Bands® is the second important indicator I use along with candlesticks. In fact, the combination of candlesticks and Bollinger Bands creates the strong trade setups I look for. Bollinger Bands is a unique indicator with some awesome features that cannot be found in other indicators. Continue reading Bollinger Bands in Forex and Stock Trading [With Detailed Pictures]
Triangle Chart Patterns are among the most famous chart patterns in technical analysis. There are some professional traders who only trade Triangle Chart Patterns because they believe triangles are much easier to locate, and also much easier to take a position, set the stop loss and target, when a triangle is formed on a bullish or bearish market. Continue reading Triangle Chart Patterns: Symmetrical, Ascending and Descending
Chart patterns are among the most important tools we can use to guess the next direction of markets, take a position and make some money. So far, I have talked about Triangles, Wedges, Flags, Pennants, Rectangles, Head and Shoulders, and Cup and Handle patterns. In this article, I will talk about some other kinds of patterns that are very important in predicting the market’s direction, specially when there is a possibility that the market changes its direction. Continue reading How to Trade Butterfly and Bat Patterns
Cup and Handle or Saucer and Handle pattern is one of the strongest patterns I’ve ever seen. This pattern doesn’t forms on charts very often because unlike other patterns like Triangles, Head and Shoulders, Rectangles etc., Cup and Handle pattern takes a long time to form. However, when it forms, it is so reliable and strong and generates strong and profitable trade setups. Continue reading Cup and Handle Pattern: How to Use It in Your Trading
Stochastic Oscillator is almost the most famous indicator among stock traders.We don’t use it, but some traders are so dependent on it. That’s why we have written some articles to explain what Stochastic is and how it works. Continue reading Stochastic Oscillator: A Mechanical Indicator for All Traders
Stochastic Oscillator is one of the indicators that many professional traders are strictly dependent on. However, when novice traders try to copy these professional traders and add this indicator to their charts, they lose more instead of having more winning positions. Continue reading The Safest Way to Use Stochastic Oscillator
Bollinger Bands Squeeze is a very important signal… very important. Continue reading Stochastic, RSI and MACD Positions in a Bollinger Bands Squeeze Breakout
There are two completely opposite impressions about Stochastic Oscillator among Forex and stock trader. Some of them swear on this indicator and some others strongly believe that it is nothing but a money sucker. Continue reading How to Read Stochastic Oscillator Properly
Stochastic Oscillator Settings is 5, 3, 3 by default on MT4 platform. It seems that is the best settings for this indicator. However, some Forex traders like to try the faster and slower settings. Continue reading Stochastic Oscillator Settings for Forex Trading
I personally think that Pi Cryptocurrency is going to have a great future, maybe even better than Bitcoin. Haven’t you started mining Pi yet??? Continue reading Do You Think Pi Cryptocurrency Will Have a Brilliant Future Like Bitcoin or Even Better?
Few days ago, I published an article on a new cryptocurrency, Pi: How to Mine Pi the New Cryptocurrency Coin on Your Phone for Free Continue reading Pi Value Will Go Up: Are You Missing This Opportunity?
MACD is one of the most reliable indicators. Although we do not believe in using any indicators more than candlesticks and Bollinger Bands in our own trading and we follow the candlesticks charting and Bollinger Bands trading strategy to find the trade setups, still we believe that MACD is a strong indicator, specially for novice traders who are used to get in and out of the markets too early. Continue reading MACD and Its Power in Forex Trading [With Pictures]
MACD is a good indicator, specially for new traders who have not built their discipline yet. Among the lagging indicators, I like MACD more than the others. Continue reading How To Use the Slower Settings Of MACD Indicator?
The technical tools used to analyse the wide range of movement in the markets come in many colors and creed. Each one on its own has a unique functionality and help in throwing up separate perspective of the currency market trade. While the debate on what is more effective and how can we use one tool over the another continues, one basic fact remains that technical tools form the backbone of trading and help traders prepare for eventualities and euphoria alike. Continue reading MACD Histogram: Trading the Long Trends and Maximizing Your Profit
MACD is a great indicator to confirm the setups, locate and follow the trends, no matter what trading system you trade. Among all the signals or patterns that MACD makes, MACD Divergence is the most famous and reliable among professional and senior traders. Once I heard from one of them that since he learned how to locate and follow MACD Divergence, he had never had even one case that didn’t work for him. I believed him, because he was really professional and had already developed his discipline and patience and repeated his success for so many years. Continue reading MACD Divergence As a Strong Reversal Signal
“Indicator” is one of the most important questions of novice traders. They always ask, what an indicator is and what indicators they must use, or questions like this: Continue reading What Indicators Can We Trust and Do We Need the Most?
I have already talked about the most important and useful indicators that traders can trust and use: What Indicators Can We Trust and Do We Need the Most? Continue reading RSI Support and Resistance Breakout