Follow and trade the trend

Now that we have determined that there is a trend happening, we are going to finally start to trade it. There are a few different ways to take advantage of a trend, let’s look at them… – Support and Resistance The first and most basic method for trading a trend is by using the most […]

The Volume in Forex

VOLUME is a piece of important information should be included on the bar chart—volume. Volume represents the total amount of trading activity in that market for that day. It is the total number of futures contracts traded during the day or the number of com-mon stock shares that change hands on a given day in […]

Trade with MACD – Most profitable indicator

The Moving Average Convergence-Divergence, or simply the MACD, is a trend-following momentum indicator. It describes the difference between two Exponential Moving Averages (EMAs). Basically, convergence occurs when the two EMAs are moving closer together as the difference between them gets smaller, while divergence occurs when they are moving apart because the difference between the EMAs […]

what is the trending market !

A trending market is simply a market that is consistently making Higher Lows (HLs) and Higher Highs (HHs), or a market that is doing the inverse – moving down and making Lower Highs (LHs) and Lower Lows (LLs). See below how the Dow Jones was in a nice bullish uptrend. As you can see, the […]

Parabolic SAR (Stop & Reverse)

The Parabolic SAR is a trend-following technical indicator that identifies the direction of a security’s momentum and serves as a trailing stop. It forms strings of dots shaped like a parabola. It’s called “SAR” (Stop and Reverse) because when reached by the price, it stops the current string and reverses to the other direction to […]

Elliot Wave Theory and Principle

Although my system mainly focuses on Channels and Fibonacci retracements, I also pay attention to the Elliott Wave Theory, because it provides vital information about price movement. The Elliott Wave Principle is a type of technical analysis that utilizes past cycles or repetitive patterns to identify predictable market behaviour. It was developed by Ralph Nelson […]