Tag Archives | forex

Forex Trend Scanner - Trendy 1

Forex Trend Scanner – Forex Trendy

A lot of us have problems to identify Trends in Forex. So how to spot a trend? Are you sure its a good trend? I found myself asking this questions all the time. But finally found the answer with Forex Trend Scanner Trendy. What we are explaining here is a website where you log on […]

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technical analysis forex trading mt4 ea

Rules for trading

Trading on currency markets can be emotional and stressful, which requires a high degree of self control. This is not a story how to quickly become rich. Learning trading requires practice, patience and it takes time to win the basics. People without self control and people who make hasty decisions will quickly find themselves on […]

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Forex Diamond EA real myfxbook

Forex Diamond EA for MetaTrader4

When testing a lot of automatic EA’s to trade on accounts with low amounts 100 USD or where i did some tests and personal experiments I came across Forex Diamond EA which immediately caught my eye. Forex Diamond EA was released in late 2013 and therefore is one of the new EA’s. It was programed with […]

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cup and handle pattern forex trading

The cup and handle pattern

Cup and handle pattern is a bullish pattern, that marks the consolidation phase, followed by breakthrough. Components of cup and handle pattern The current trend: ideally is presented a few months trend, which is not yet fully developed. The more the trend is developed, the lower is probability that the cup and handle pattern points […]

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support and resistance levels level forex trading trends

Support and resistance levels

The terms support and resistance levels are synonymous with supply and demand. Support level is formed at the price, at which there is sufficient demand to halt the decline in prices. Resistance level is formed at the price, at which there are a lot of sellers, who prevent rising prices above resistance level. In case […]

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trends forex trading trend


Technical analysis is built on the premise that prices move in trends. The financial implication of this concept is essentially no different from the general definition – the trend is none other than a direction in which market moves. Trends can be divided on the basis of different directions of movement: Upward trend consists of a […]

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ohlc chart graph bar forex technical analysis

OHLC chart

OHLC chart is one of the most used ways of displaying price movements of financial instruments. OHLC means one of the shown events: O – open, H – high, L – low, C – close. The vertical line represents a unit of time (eg. day), two small lines on the left and right represent the […]

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line chart graph forex technical analysis

Line chart

Line chart is one of the simplest methods of graphical presentation of changes in value of financial instruments. The line chart consists of the last price at which the security was traded (closing price) on a given trading day. Final price should have, according to some analysts greater predictive value. The biggest advantage of a regular graph […]

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japanese candlesticks chart graph basics forex

Japanese candlesticks

This method of studying price moments originated in Japan and in recent years greatly gaining in use. Similar to OHLC charts, here are also captured data on highest and lowest rates, only display mode is slightly different. Despite the fact that in theory does not present us any more information from the bar chart, the […]

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triple tops and bottoms forex basic patterns pattern

Triple tops and bottoms

Triple tops and bottoms are the version of the head and shoulders pattern, but it occurs much less frequently. Technical analysts often disagree on whether it is a head and shoulders pattern or it is the triple tops and bottoms pattern, which is actually irrelevant, because the effects of these two patterns are the same. […]

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