After learning about the basics of technical analysis and multi time frame analysis the next obvious step for a trader to learn is to learn to look at the chart patterns in the Forex. Technical traders look chart patterns for on historical price charts to help them identify the current supply and demand forces, and how prices may be affected as a result of it. Double tops and bottoms are the most frequently seen reversal patterns which are widely observed and followed by the Forex market participants. Read the rest of this entry »

Almost all forex traders know that Gold and US Dollar markets move against each others. It means when gold price Read the rest of this entry »

After reading the below article about Andrews’ Pitchfork, please scroll down and read the today’s forex market analysis. Read the rest of this entry »

The below analysis is related to our July 25, 2009 weekly report. We were used to choose a currency pair as the Read the rest of this entry »

Support/Resistance Breakout is a good trading system. In fact, any price movement has to be done after a support or Read the rest of this entry »

Doji is the most famous candlestick Among all different kinds of candlesticks and Doji Star is the most famous Doji pattern. I have already published an article about Read the rest of this entry »

MACD is one of the most reliable indicators. Although I do not believe in using indicators in my own trading and I always use the price candlestick chart to find the trade setups, I look at MACD direction when I find a signal on the price chart. So I use MACD as a confirmation and it really works for me. Read the rest of this entry »

Since I have started publishing forex buy/sell signals recently, most of you ask about the system I use to pick the signals. The first time that I started publishing forex market analysis on this weblog, I was used to analyze some currency pairs and show the direction. I didn’t publish buy/sell signals. That was really good and was used to help my weblog users to learn more. Teaching and educating was my most important goal from the first day that I created this weblog but it was really too hard to analyze several currency pairs and then post the results on the weblog everyday. I did my best to keep on doing it but after a while I gave up because it was too time consuming and tiring. I stopped it for about one year but one day I told myself that I really don’t have to publish the analysis everyday. I can just give the signals and then analyze some of the pairs during the weekends when I find some free time. So I could have both the signals to help people to make money and also the education that was the main goal. Read the rest of this entry »

On January 17th 2008 I posted an article about Fibonacci numbers and the way you can use them in forex and stock trading. In that article I explained why Fibonacci numbers work and why we can see some of them specially 0.618 everywhere in the world and in everything. I suggest you to read that article first and then come back and read this one. I strongly believe that using the Fibonacci numbers in trading, whether in stock or forex, needs much more experience and information than what I have already explained in that article. Read the rest of this entry »

If you are among the trader who like to check all the timeframes before taking your position according to your favorite timeframe, you may have some space problems. You need to have several monitors or laptops or you have to change the timeframe of your chart all the time and check the situation of the other times frames and then get back to the main timeframe that you always use to take your position. Read the rest of this entry »