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How to “Engulf” Pips with Engulfing Patterns
I have always asked many traders this question: why chase a market trend that is already far gone and in danger of reversing, when you can simply exercise some patience and catch the reversal using a strategy that has worked wonders so many times in the past? Almost all the time, I am met with […]
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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