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Bearish Abandoned Baby
Three candles are involved in forming this pattern. On a daily chart, here's how it will unravel: 1st day is a bulls day (white candle) |
Using Pivot Points In FX
Trading requires reference points (support and resistance), which are used to determine when to enter the market, place stops and take profits. However, many beginning traders divert too much attention to.... |
Forex Capital Markets - FXCM
Forex Capital Markets (FXCM) is one of the largest financial services firms specializing in retail forex supplying online trading services for retail speculators in the foreign exchange market. The company has 78,000 clients and over 400 institutional customers from.... |
Confirm Forex Momentum With Heikin Ashi
Investors and speculators are always looking for an edge in determining the strength and direction of trends. The Heikin Ashi application is one tool that may be able to provide this edge. Similar to the Ichimoku charts, the Heikin Ashi has been a relatively unknown tool that has recently seen a rise in popularity, even though it has been accessible since its introduction almost two decades ago. |
Moving Average Explosions
Moving averages may seem boring compared to other technical indicators, but there is more than meets the eye when it comes to this simple tool. Not only are moving averages used as directional indicators in the forex market... |
Practice Trading Account - FXCM
The FXCM Practice Account provides unlimited Live Quotes, Charts and Streaming News. The free practice account is live for 30 days, then automatically expires. |
School of Pipsology
BabyPips.com’s School of Pipsology is designed to help you acquire the skills, knowledge, and abilities to become a successful trader in the foreign exchange market. Our definition of a successful trader is having the ability to do three things... |
ForexForum.net
Forex forum resource software and forex forecast trading training - Only active forex traders |
Chart Analysis
Introduction to technical analysis
Reading charts
Understanding patterns and trends |
Candlestick chart
A candlestick chart is a combination of a line-chart and a bar-chart, in that each bar represents the range of price movement over a given time interval. It is most often used in technical analysis of equity price patterns.
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Introduction to Candlesticks
The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar... |
The Art of Candlestick Charting
The candlestick techniques we use today originated in the style of technical charting used by the Japanese for over 100 years before the West developed the bar and point-and-figure analysis systems. In the 1700s a Japanese man named Homma, a trader in the... |
Candlestick Charting - Principles behind the Art
Before learning how to analyze them, we need to understand that candle patterns, for all intents and purposes, are merely reactions of traders at a particular time in the marketplace. The fact that human beings often react en masse to situations... |
Candlestick Charting - continuation patterns
In the world of Japanese candlesticks, there are a number of bullish and bearish continuation patterns. With a short list on the bullish side of the market, a chartist would look for the following patterns... |
Candlestick Charting - confirm or deny trends
This article focuses on continuation patterns and how they could deny or confirm trends in today's markets, giving the investor a clearer picture of whether or not to hold his or her position or execute a buy/sell order. |
What is a Candlestick
Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. A westerner by the name of Steve Nison “discovered” this secret technique on how to read charts from a fellow Japanese broker and Japanese candlesticks... |
Basic Candlestick Patterns
Candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important... |
Reversal Patterns
For a pattern to qualify as a reversal pattern, there should be a prior trend to reverse. Bullish reversals require a preceding downtrend and bearish reversals require a prior uptrend. The direction of the trend can be determined using trendlines, moving averages, or other aspects of technical analysis... |
Ascending Triangle
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher... |
Ascending Triange
The ascending triangle is a variation of the symmetrical triangle. Ascending triangles are generally considered bullish and are most reliable when found in an uptrend. The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant. |
Triangles
The triangle. A simple geometric shape. In fact, it's one with a minimum number of sides to actually make a shape. Which, if I remember correctly, makes it the strongest of all shapes, the most rigid... |
Ascending triangle
Ascending Triangles is a bullish continuation pattern that is shaped like a right triangle consisting of two or more equal highs forming a horizontal line at the top. |
Forex chart patterns
In order to effectively spot those patterns the Zig Zag indicator is highly recommended, along with MetaTrader Platform which allows the most complex charts. |
Fibonacci method
by Stehpen Todd - In this report, we will look at the history and background of Fibonacci numbers and The Golden Ratio. We will then outline three specific money management tips that... |
Triangle Patterns
Patterns show on charts - clear and concise explanation. The vertical line measuring the height of the pattern becomes the base of the triangle... |
Chart Patterns - Descending and Ascending Triangles
The descending triangle is a triangular consolidation zone that has a hypotenuse sloping downward at the top of the triangle. Beneath the hypotenuse is a straight trend line. Generally, when the market breaks through this trend line, it is seen as a signal that sellers have the momentum in the market.. |
Descending Triangle
A bearish chart pattern used in technical analysis that is created by drawing one trendline that connects a series of lower highs and a second trendline that has historically proven to be a strong level of support. Traders watch for a move below support, as it suggests that downward... |
Descending Triangle
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution. |
Double Top (Reversal)
The double top is a major reversal pattern that forms after an extended uptrend. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. |
Double Top/Bottom
When price peaks after a rise, and the decline that follows leads to another rise in prices to form a second peak at or about the level of the first peak, a double peak is said to have formed. A neckline can be drawn across the base of the two peaks |
Double Top
A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop. |
Trading Double Tops and Double Bottoms
No chart pattern is more common in trading than the double bottom or double top. In fact this pattern appears so often that it alone may serve as proof positive that price action is not as wildly random as many academics claim. Price charts simply express trader sentiment and double tops and double bottoms represent a re-testing of temporary extremes. If prices were truly random, why do they pause so frequently at just those points? To traders the answer is that many participants are making their stand at those clearly demarcated levels. |
Double Top
A double top is a reversal pattern that is formed after there is an extended move up. The “tops” are peaks which are formed when the price hits a certain level that can’t be broken. After hitting this level, the price will bounce off it slightly, but then return back to test the level again. If the price bounces off of that level again, then you have a DOUBLE top! |
Bollinger bands official website
Bollinger Bands are a technical trading tool created by John Bollinger in the early 1980s. They arose from the need for adaptive trading bands and the observation that volatility was dynamic, not static as was widely believed at the time. |
Bollinger Bands - Wikipedia
Bollinger Bands are a technical analysis tool invented by John Bollinger in the 1980s. Having evolved from the concept of trading bands, Bollinger Bands can be used to measure the highness or lowness of the price relative to previous trades. |
The Basics Of Bollinger Bands
John Bollinger, a long-time technician of the markets developed the technique of using moving averages with two trading bands, not unlike using envelopes on either side of a moving average. Unlike using a percentage calculation from a normal moving average, Bollinger Bands simply add and subtract a standard deviation calculation. |
Forex Basics
The following is an introduction to some basic terms, definitions and concepts used in forex trading |
Introduction to the Forex Market
The Foreign Exchange market, also referred to as the "Forex" or "FX" market is the largest financial market in the world, with a daily average turnover of US$1.9 trillion — 30 times larger than the combined volume of all U.S. equity markets. |
Forex Guide for Beginners
Currency news updates, articles and in depth technical analysis, Forex news blog with daily commentary. Has a good beginner's articles. |
Analyzing the chart patterns
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. |
Ascending Triangle
A bullish chart pattern that is easily recognized by the distinct triangular shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. |
Chart Formations
Ascending Triangle: A formation in which the slope of price highs and lows come together at a point outlining the pattern of a Right Triangle. The hypotenuse in an Ascending Triangle should be sloping from lower to higher and from left to right. To trade this formation, place a buy order on a break. |
Ascending Triangle - Example NZD/JPY
Check out the long-forming ascending triangle in NZD/JPY. Bollard is trying to talk the Kiwi lower, and Japanese officials are trying to talk the Yen higher....so much for jawboning. |
Trend Continuation Patterns
Technical analysis provides charts that reinforce the current trends. These chart formations are known as continuation patterns. They consist of fairly short consolidation periods. The breakouts occur in the same direction as the original trend. |
Triangles are powerful continuation patterns
Its upper trend line is horizontal whereas the lower one is upward sloping. This is a bullish formation as in this scenario buyers are more active than sellers. When an ascending triangle develops, it is usually a good chance for an upside breakout to occur. |
Triangle Pattens
Triangles provide one of the most useful price pattern indicators. The odds favour a continuation of the trend following a breakout from the triangle pattern. |
Ascending triangle
An ascending triangle is a continuation pattern. In our case it is an uptrend and we can see the moment where sellers were trying to resist keeping the same price level (top line) from being passed, and at the same time we also note that buyers were able to push the price up and close each trade with higher results |
bearish abandoned baby candlestick
The Abandoned Baby is a rare bearish reversal pattern characterized by a large move up followed by a doji or small candle, and then a third candle heading in the opposite direction. | |
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