Roberto Jacobs / Profile

This article is dedicated to the Three Line Break chart, suggested by Steve Nison in his book "Beyond Candlesticks". The greatest advantage of this chart is that it allows filtering minor fluctuations of a price in relation to the previous movement. We are going to discuss the principle of the chart construction, the code of the indicator and some examples of trading strategies based on it.

Technicians exercise variety of time and price filter in order to identify valid trendline penetration and avoid bad signals or "whipsaws". Depending on the type of financail market, some use 1% while

Candlesticks are a great tool to help you see sentiment in real-time. However, there is something deeper than what the candlestick is showing you. That something deeper is your fear of being on the

A Bearish Technical Case for Precious Metals (Brandt) Shale Is Not a Ponzi (FT Alphaville, Part II) Millennials Aren’t Changing Jobs as Much. That’s a Big Problem for the Economy (Wonkblog) see also

Where to Draw the Fibonacci Retracement? Where exactly is that? For starters, we need to identify an extended move up or down on our chart. In other words, a swing low followed by a defined high or a

As an old business saying goes, "Fail to plan and you plan to fail." It might not sound serious, but those who are serious about being successful, including traders, should follow these eight words as

1. Price Action is not a System One thing that many beginning price action traders get confused about is that price action is not a trading ‘system’. When traders finally come over to the ‘price

How to use the currency pairs correlation to predict the direction of the market? When I have a signal with a pair, but I need confirmation to take the position, I refer to the correlated currency

Most traders have a limited knowledge of trading’s fundamental rules, either from a psychological or a methodological point of view. This can lead to increasing loss probabilities on the markets, as