What exactly is a chart pattern? A chart pattern is a visual representation of the actions of buyers and sellers in a market recorded in price action. A chart is not predictive of the future but shows what is happening with buyers and sellers in the present moment. The price action on a chart gives […]
What Causes A Chart Pattern? Read More »
This is a guest post by Mike Semlitsch who is a trader and software developer with a proven track record of helping novice and intermediate traders succeed in trading the financial markets. Driven by a passion to help others, he takes pride in creating and providing the best trading systems and indicators possible. As the
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Chart Facts: · A bull flag chart pattern occurs after an uptrend out of a previous price base. · The ‘pole’ is represented by the previous uptrend in price before a consolidation. · The ‘flag’ is a rectangular descending price range when the uptrend to new higher prices stops. · The signal of the end
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. For whatever the reason, there are not a lot of people who trade with Renko charts. In fact, Renko is something not a lot people have heard about or even know exists. I
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. How to Trade with Heiken Ashi Candles While I purely trade price action setups, trading with Heiken Ashi candles looks beyond interesting. Because of the way this indicator is constructed, traders have an
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Hello everyone, I have spotted a few interesting setups. I am in no way trying to pick a top, but sometimes it is just great to share your observations. Correct me if I
Why U.S. Indices Look Exhausted Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. The Elliott Waves Theory consists of different cycles of various degrees that complement each other and defines the way a currency pair moves. While Elliott based the original theory on the way the stock
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Despite being a price action trader myself, I simply cannot ignore some important patterns. For decades, technical traders use a pattern recognition approach to forecast future prices. The very definition of a pattern appeals
Chart Patterns: How to Trade Triangles Read More »
This is a guest post by Andrew Bezen. Elliott Waves theory is considered to be one of the trading theories that perfectly illustrates human behavior. The market is moving based on imbalances between supply and demand levels. Unfortunately, these levels cannot be seen when trading the Forex market. There is a reason for that: the
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Harmonic Trading – Different Gartley Methods Unveiled by: Colibri Trader Harmonic trading… let’s start from the beginning. H.M. Gartley was a prominent technical analysis that looked into specific retracement patterns. One of them bears
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