Amazon: a 10-month channel
A perfect channel Daily chart of the Amazon stock price performance shows us a very clear sideways channel that has been there since August 2020. Upper boundary The zone a...
Will the US Fed support the USD?
What will happen? The US Fed will share the Meeting Minutes on May 19, at 21:00 GMT+3. The main announcement from the FOMCs side has already been done a while ago: the Fed sh...
Stocks and triangle patterns
Moderna: rise again to $180? Modernas weak financial performance made the stock price tumble recently. Yet, we have the zone above $180 as an important strategic resistance that...
Confluence in financial markets
In this article, we will discuss what the term confluence means and why traders should care about it. What is confluence? Originally, the word confluence means a place where ...
Trading strategy ‘HHLL’: just follow price action
This article will describe a strategy called HHLL. You might have seen similar strategies with other names as this one is based on classic forex principles. The great part of it is that you dont need to use any indicators. The main point is to follow the price action. However, some indicators still can be helpful for better visualization. Besides, feel free to add anything you want to this strategy, personalize it to your liking! By the end, you can even come up with a new, your own strategy, which suits your trading approach and vision.
Shooting star trading strategy
A shooting star pattern is really popular among traders because of its simplicity and effectiveness. Elsewhere, this pattern has a significant advantage it occurs on the charts quite often, so it wont take too much time to find it. In this article, we will discuss what the shooting star pattern is, how to recognize it, and how you can use it in your trading. Lets get started!
Breaking down the price action system
How many tools do you use in trading? What if we tell you that there is an effective trading system that requires nothing but candlestick patterns? This approach is called price action, and it is extremely popular among professional traders. Let us find out what are the basic elements of price action and what you need to master to trade this system.
All you should know about retracement
This article will introduce one of the most powerful market concepts retracement and show how to operate it at full potential. Retracement is a temporary price movement against the established trend. Why is it so important for a trader? Retracement levels are ideal for defining where to enter the market safely and place a Stop Loss order to minimize possible risks. Seems to be really useful, right? Lets find out together!
Currencies, gold or indices… What to trade first?
Currencies, gold or indices What to trade first? Youve already learned how to use some trading tools and strategies and when to enter/exit the market. However, you might be conf...
World events and the markets: understanding the connections
In a world full of information, we face new facts every day. Regular people usually observe the news without a single thought. At the same time, traders scroll headlines for opport...