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Example Chart Is: The Doji Sandwich Strategy (Bearish/Sell) Three candlestick setup is: 1) Large Red Candle (1st one) 2) Small Doji (undecided) Candlestick with body within the 1st candles body 3) Large Red Candle (Continuation) *You want to start a trade at open of 4th candlestick with appropriate stop loss, targets and risk management.

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Example Chart: Down Trend, then Reversal Upwards Morning Star (Three Candlestick Signal/Pattern) 1) Large Red Candlestick 2) Undecided Candlestick (small Doji) 3) Large Green/Blue Candlestick- going up at least 1/2 way of 1st Large Red Candlestick *Trade Bullish or Buy trading is indicated after this bullish morning star signal or pattern occurs afterwards-...

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The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies,often referred to as a basket of U.S. trade partners' currencies. DXY can be used for defining current tendency in the US Dollar and finding trading signals on Forex. The Index goes up when...

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How to Use RSI (Relative Strength Index): It is also scaled from 0 to 100. Typically, readings of 30 or lower indicate oversold market conditions and an increase in the possibility of price strengthening (going up). Some traders interpret that an oversold currency pair is an indication that the falling trend is likely to reverse, which means it’s an opportunity...

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Breaking Down Charts (Will Set You Free) Need you to understand what candlesticks are telling you, what big banks are telling you (they leave their footprints): The follow seven numbers on chart, I see quickly to understand the mood of the pair and direction: 1) Down trend happened end of Tokyo and beginning of London Session (more liquidity and volume) 2)...

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What do you see on attached one hour EurAud price action? (you should write down your answers to as many as you can)-Commonsense Here are some questions to ask yourself? (Yes, there are other questions to answer) - its the only way to trade Forex for the long term. 1) Any sideways price action? 2) Any downward price action? 3) Any upward price action? 4) What...

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Elliott Waves (How To Trade): Rules and Guidelines Rule 1: Wave 3 Is Never the Shortest This rule means that Wave 3 is always longer than at least one of the other two waves (Waves 1 or 2). Usually, Wave 3 is longer than both these waves. You should never look for Wave 3 to be shorter than both the other two waves. At times, Wave 3 may end up to be equal in...

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1-2-3-4 Forex Reversal Trading Strategy A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using a technical indicator such as DMI...

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A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using any technical indicator such as DMI or MACD (or others). 1-2-3-4 Basic...

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Weekly Market Maker Cycle: On a 1 hour or 4 hour chart, you should be able to find this weekly market maker cycle. If you know what Big Money/Smart Money is doing, trade with them. The cycle starts on Monday and ends on Friday, MM (Market Maker) will mostly trap traders on Monday, everyone is back on screens and is expecting a highly productive week of trading. ...

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The Golden Ratio: After opening, few numbers in the Fibonacci series, the ratio that will appear after every greater number will equivalent to .618, whilst the lowest number will be 1.618. These two important numbers are known as the Golden ratio. Example divide Fib #: 34/55= 1.618 Fibonacci numbers were first introduced in European countries, which was still...

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The daily noted charts explains all about this trade: 40 pip stop 110 pip target enter: 1.60400 Love that daily doji or undecided candle today. PA is above noted cloud indicator PA is oversold on scholastic indicator or under 20,lines just crossed (great sign). always use proper risk management when trading, this is a marathon not a sprint race.

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PLOTTING A FIBONACCI EXPANSION: - Select the Fibonacci Expansion Tool 1) Start From The Top Of The Trend (In A Down Trend) 2) Set The Middle Point Where The Correction Started 3) Set The 3rd Point, Where The Correction Ended Possible Target areas and/or zones are plotted below this 3rd point for you to utilize as per your risk management and trading style....

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What Are Fibonacci Extensions? Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel after a pullback is finished. Extension levels are also possible areas where the price may reverse. Key Takeaways: Common Fibonacci extension levels are 61.8%, 100%, 161.8%, 200%, and 261.8%. The Fibonacci...

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Fibonacci Retracement Definition Is: In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move, before a trend continues in the original direction. A Fibonacci...

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Fibonacci Retracement Tool can: 1) Give you Support lines or areas 2) Give you Resistance lines or areas 3) Where to enter a trade 4) Where to place your stop loss 5) Where to place your target profit (use the Fibonacci extension tool for profit targets)- where price action MIGHT go too. Your trading will be easier if you use the Fibonacci Retracement tool...

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Retracements: Short term price corrections during an overall larger either upward trend or downward trend. Retracements are price corrections and temporary price reversals that do not indicate a change in the direction of the larger trend. These retracements can be used for short term trading ( scalping or day trading ... or longer time frames). The main...

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Forex Fibonacci numbers (How Do They Work?) In mathematics, the Fibonacci numbers are the numbers in the following integer sequence, called the Fibonacci sequence, and characterized by the fact that every number after the first two is the sum of the two preceding ones: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, continues for infinity. Introduction To...