Flags and pennants are popular continuation patterns that every trader must know. Flags and pennants closely resemble each other, differing only in their shape during the pattern’s consolidation period. These patterns are usually preceded by a sharp rally or decline with heavy volume, and mark a midpoint of the move. Flags and Pennants patterns closely […]
Category Archives: Forex Strategies
One important skill as a forex trader is the ability to spot reversal patterns when they form. One of the popular reversal patterns is the bullish engulfing pattern and the bullish engulfing pattern forex trading strategy is built around that pattern. Engulfing patterns work well with price action trading. This pattern consists of 2 candlesticks, the first one is bearish […]
The Pin Bar Forex Trading Strategy is a great trading strategy for trend trading: If you just go over your charts and just look at pin bars and just do a quick backtest, you will see how profitable this forex chart candlestick pattern can be. The pin bar is one of the highest probability reversal […]
The inside bar forex trading strategy can be classified as a simple price action trading strategy that even new traders, as well as veteran forex traders, can use. If you are a housewife forex trader or somebody who does not spend a lot of time in front of your trading charts because of work, this […]
This forex correlation strategy is based on Currency Correlation. WHAT IS CURRENCY CORRELATION? Currency correlation is a behaviour exhibited by certain currency pairs that either move in the same direction (positively co-related) or in opposite directions (negatively-correlated) at the same time: a currency pair is said to be showing a positive correlation when two or more currency pairs move in the same […]
This strategy is based on a pattern called the Gartley pattern. You will need the Gartley pattern indicator mt4 which you can download and upload on your mt4 charts. What Is The Gartley Pattern? The Gartley Pattern is a chart pattern that is based on Fibonacci numbers or ratios. the pattern is a retracement and continuation […]
Heikin-Ashi candles are a variation of Japanese candlesticks and are very useful when used as an overall trading strategy Forex. Unlike regular Japanese candlesticks, Heikin-Ashi candlesticks do a great job of filtering out the noise that is common with Japanese candlesticks. They highlight the trend of the market more easily than other plotting methods. Let’s […]