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Trading the Cup and Handle Pattern
William O’Neal gave us the cup and handle patterns in his 1988 book titled “How to Make Money in Stocks”. Even though this chart pattern was initially developed for the stock market, the forex market can also be traded with chart patterns and so the cup and handle pattern has been successfully applied to the […]
Read Some MoreProfiting with Rounding Tops and Bottoms
Rounding tops and bottoms are yet another set of chart patterns less popular but effective at sucking profits from the Forex market if used correctly. They are both reversal patterns that signify the end of a trend and the beginning of a new one. Rounding bottoms are formed when an arc is traced round the […]
Read Some MoreTrading the Diamond Patterns
The diamond patterns in forex earn their name because when the pattern is completed and boundaries are drawn in with trend lines, they form the four sides of a diamond. These diamond patterns are reversal patterns, and their appearance at the extremes of the trend signal a market turning point or reversal. There are two […]
Read Some MoreTrading the Head and Shoulders Pattern
The “head and shoulders” pattern is one of the better chart patterns seen in the Forex market which can be traded for good profits when it appears. This pattern works very well on currency pairs that are known to trend. The “head and shoulders” pattern is formed by three price peaks, with the second peak […]
Read Some MoreCandlestick Tutorial – Haramis
In this series on candlestick formations, we will take time to break down several important candlestick formations that constitute market defining moments in the market, and also discuss how they can be combined with other technical indicators to produce signals with a high degree of accuracy. We start this series with a discussion on Haramis. […]
Read Some MoreUnderstanding Wedge Patterns
In today’s article, we will look at another set of patterns that can be derived from the charts and could be used by the trader to make money from the forex market. This pattern is the wedge pattern. The wedge pattern should not be confused with any other triangle pattern. In a wedge pattern, both […]
Read Some MoreHow to Profit Consistently From Triangle Patterns
In this blog post, we will examine the triangle patterns and how traders can benefit from this chart pattern. There are three types of triangle patterns: a) Ascending triangles b) Symmetrical triangles c) Descending triangles Whatever the type of triangle pattern seen on the charts, they all share certain characteristics which are outlined below. – […]
Read Some MoreTrading Price Channels
Price channels are chart patterns formed when the highs and lows of the candlesticks can be joined by an upper and lower trend line that are parallel to each other. They occur all the time in the market, but traders sometimes have trouble identifying them, which should really not be the case. There are three […]
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