Harmonic Patterns For Forex Trading

Harmonic Patterns For Forex Trading

Harmonic Patterns Harmonic price pattern traders use Fibonacci numbers and geometry to define potential pivot areas. The harmonic patterns allow traders to identify a logical area to put the stop-loss – and therefore define the potential risk/reward ratio before entering a position. In this article we will look at some harmonic price pattern examples and howContinue Reading

Enhancing Trading Performance Through Meditation

Enhancing Trading Performance Through Meditation

Enhancing Trading Performance Through Meditation (Forex FX 4X Articles, Trading Mind, Psychology and Discipline) Stress and mental pressures are an every day reality of trading the forex market.  Our ability to deal with these challenging emotions can have an impact on our bottom line.  How do you deal with losing trades?  How do you feelContinue Reading

Forex Fibonacci Confluence

Forex Fibonacci Confluence

Forex Fibonacci Confluence (Forex FX 4X, Fibonacci Trading Analysis, Price Action Tutorial) Before we look at Fibonacci confluence we will discuss basic Fibonacci levels and how these are typically used. Forex/FX currency pairs often travel in rhythmic patterns.  A secular trend is eventually followed by a corrective movement prior to another extended period of risingContinue Reading

Forex Day trading With Multiple Timeframe Analysis

Forex Day trading With Multiple Timeframe Analysis

Day Trading With Price Action And Multiple Timeframe Analysis It is not uncommon to see people new to the business of trading try to utilise 5 minute charts and experience numerous losses in the process of doing so.  This is not to say that trading higher timeframe charts is a simple path to success  –Continue Reading

Top Down – Multiple Timeframe Trading Analysis

Top Down – Multiple Timeframe Trading Analysis

Top Down – Multiple Timeframe Trading Analysis This discretionary price action article will run through a simple top down analysis scenario.  The charts below show a theoretical trade setup using the daily chart to gain a bias and the lower timeframe to trigger a signal entry.   The idea behind this kind of granular trading analysisContinue Reading

Trading psychology is predicated on first having a profitable methodology

Trading psychology is predicated on first having a profitable methodology

Trading psychology is predicated on first having a profitable methodology (Forex FX 4X, Trading Mindset and Trading Psychology, Guest Post) The following is a guest article from Hanover who I would like to thank for this excellent trading psychology post. A mountain of literature has been written about trading psychology, and that oft-heard ‘d-word’: discipline.Continue Reading

GBPUSD Trend Line + Fib Confluence Provides Near Term Support

GBPUSD Trend Line + Fib Confluence Provides Near Term Support

GBPUSD Trend Line + Fib Confluence Provides Near Term Support Our update earlier today highlighted the trend line as can be seen on the GBPUSD hourly chart below.  Price has subsequently found support at this level. The trend line touch was also a move into the 23.6% Fibonacci level.  The technical confluence area proved to beContinue Reading


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