Swing trading is a much better style of trading as compared to scalping. In swing trading, quality of trades count more than the quantity of trades. The aim should be to make high Reward to Risk trades. Watch this video tutorial on how to make 100-800 pips per trade...
Quadratic Discriminant Analysis Classifier uses a quadratic function of predictors. Another assumption that Quadratic Discriminant Analysis uses is the variance of the classes not being equal. This helps it make it more powerful than the Linear Discriminant Analysis...
Hey traders! Here is my last week progress: XABCD tool: Fixed stop hit detection My last week was still bussy with work related stuff and I am not sure about this one either, because it's holiday time :) Anyway I'm intending to do some work. Read more here...
5 Bar Reversal Pattern Trading Strategy is a must have tool that you must have in your trading arsenal. Why? When you see 5 bullish bars in a row or 5 bearish bars in a row, take it as a reversal signal...
I rely on candlestick patterns a lot in my trading. I watch the candlestick patterns on H4 timeframe. When I find the pattern I am looking for I plan a trade. I use the concept of support and resistance also in my trading system. Once I have a trade idea, I use a pending order to implement it...
98.4% That USDCHF will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that USDCHF main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that USDCHF will reverse soon to its main trend...
99.6% That EURJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that EURJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that EURJPY will reverse soon to its main trend...
99.6% Probability That AUDJPY will Close on a Bearish Weekly Candle this Week! . On weekly graph it seem that AUDJPY main trend is bearish...
99.8% Probability That GBPJPY will Close on a Bearish Weekly Candle this Week! . On weekly graph it seem that GBPJPY main trend is bearish...
98.4% That USJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that USDJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that USDJPY will reverse soon to its main trend...
98.4% That CADJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that CADJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that CADJPY will reverse soon to its main trend...
99.6% That CHFJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that CHFJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that CHFJPY will reverse soon to its main trend...
98.4% That Gold will Close This Week with a Weekly Bullish Candle! . On weekly graph it seem that Gold main trend is bullish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that Gold will reverse soon to its main trend...
AUD/USD is a currency pair that is well behaved most of the time unlike GBP/USD and USD/CAD. There are 2 things in my trading strategy: Stop loss and take profit target. Before I enter into a trade I need to know what should be the stop loss and what should be the take profit target...
Doji is an important candlestick pattern. Doji is formed when the open price and the close price are almost equal for a candlestick. It forms frequently on the lower timeframes and is less reliable. However when it forms on a higher timeframe like Daily and Weekly, it is a strong signal...
Boolean logic gives crisp answer for each question. Either it is a TRUE or FALSE. In real life we know nothing is black and white rather we are dealing with shades of grey. The same applies to trading. All technical indicators are grey and vague. You have no clear cut answer...
Big banks are daily trading currencies for speculations and profit making just like us. However there is a difference between the bank trader and a retail trader. Bank trader trade the market in a much different as compared to us retail traders...
Three Line Break Charts are a modified form of candlestick charts. Three Line Break Charts were also developed by Japanese in an attempt to reduce noise and get a better picture. Watch the videos posted on my blog that explain how to use these charts...
EURUSD Our daily trade moved 930 points to reach our 2nd anticipated zone, before downside pressure kicked in. We are still anticipating downwards momentum for our weekly sell. We would like to see a break of the support zone (red line on weekly chart) before downward momentum takes over...
