Chart Patterns. Chart patterns are physical groupings of the price you can actually see with your own eyes. They are an important part of technical analysis […]
How to Trade Fakeouts. In order to fade breakouts, you need to know where potential fakeouts can occur. Potential fakeouts are usually found at support and resistance […]
Fade the Breakout. Fade the breakout you say? Was that just a typo? Did you mean to say, “trade the breakout”? Nope! Fading breakouts simply means […]
Support and Resistance Levels Are Tricky. One thing you should remember to note about support and resistance levels is that they are areas in which a predictable price […]
How to Detect Fakeouts. Breakouts are popular among forex traders. It makes sense, right? When the price finally “breaks” out of that support or resistance level, one […]
Measuring the Strength of a Breakout. Let’s take a look at more on measuring the strength of a breakout with the relative strength index. Relative Strength […]
How to Measure the Strength of a Breakout. As you learned earlier, when a trend moves for an extended period of time and it starts to consolidate, […]
More on Different Triangles. Descending Triangles Descending triangles are basically the opposite of ascending triangles. Sellers are continuing to put pressure on the buyers, and as a […]
Channels and Triangles. Channels Another way to spot breakout opportunities is to draw trend channels. Drawing trend channels is almost the same as drawing trend lines except that […]
How to Trade Breakouts Using Trend Lines, Channels and Triangles. Just like breakouts on your face, the nice thing about breakout trading in forex is that […]
Reversal Breakouts. Reversal breakouts start off the same way as continuation breakouts because, after a long trend, there tends to be a pause or consolidation. The […]
Types of Breakouts. When trading breakouts in forex, it is important to realize that there are two main types: Continuation breakouts Reversal breakouts Knowing what type of breakout […]
More on How to Measure Volatility. Let’s do more on how to measure volatility. Yesterday we looked at moving averages. Today we’ll look at Bollinger Bands […]
How to Measure Volatility. Volatility is something that we can use when looking for good breakout trade opportunities. Volatility measures the overall price fluctuations over a certain […]
How to Trade Breakouts. What are breakouts and how can I take advantage of them? Unlike the breakouts you might have had as a teenager, a […]
Protect Yourself from Reversals. Whenever Happy Pip goes swimming at the beach or the pool, she always wears her pink rubber ducky floaters. Whenever she trades […]
More on Identifying Retracements. Let’s do more on identifying retracements. Here are two more methods. Method #2: Pivot Points Another way to see if the price […]
How to Identify Reversals and Retracements. Properly distinguishing between retracements and reversals can reduce the number of losing trades and even set you up with some winning […]
What are Trend Retracements? Let’s take a look at what are trend retracements. A retracement is defined as a temporary price movement against the established trend. Another way […]
Trend Retracement or Reversal? Let’s examine the difference between trend retracement or reversal. Imagine this scenario. Price starts to rise. Keeps rising. Then it starts falling. […]
ADX in a Ranging Market. One way to determine if the market is ranging is to use the same ADX as discussed in the ADX lesson. I say […]