April 2016

How to identify and Trade Triangle Chart Patterns in Forex

How to identify and Trade Triangle Chart Patterns in Forex

The basic construct of this chart pattern is the convergence of two trendlines - flat, ascending or descending - with the price of the security moving between the two trend lines

when analysis the market we can identify 3 types of triangles

ascending triangles

descending triangle

symmetrical triangles

before you learn about triangle see our previews post about how to draw trend lines. also read support and resistance post

tip triangle pattern is many times continue the trend. as a example if market coming down and if we show any triangle pattern, then many times market going to down side

here is the snapshots example for triangle chart pattern

triangle pattern 1

triangle pattern 2

triangle pattern 3

also see this short video to learn more about triangle patterns

if you have any confuse then comment under the post.

Thanks and have a nice day

Top 15 motivational quotes from best traders

in: bonus mistakes tips traps

Top 15 motivational quotes from best traders

Trading is a lot like riding a roller coaster. Although it obviously is fun and exciting, there will be times when you feel scared, nervous or even powerless. When these bad times come, it’s important to not panic or give up. One excellent thing to do during these troubling times is read some motivational quotes from traders who have been in your shoes and know the path to success.

1. "Money is made by sitting, not trading.” – Jesse Livermore

2. “Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” – Larry Hite

3. “Letting losses run is the most serious mistake made by most investors.” – William O’Neil

4. “[Michael Marcus – another top trader] taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgement, being wrong, making your next best judgement, being wrong, making your third best judgement, and then doubling your money.” – Bruce Kovner

5. “That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?’” – Paul Tudor Jones

6. “The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.”– Ed Seykota

7. “When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.” – Randy McKay

8. “Frankly, I don’t see markets; I see risks, rewards, and money.” – Larry Hite

9. “When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz

10. “I always define my risk, and I don’t have to worry about it.” – Tony Saliba

11. “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” – Victor Sperandeo

12. “I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” – Tom Basso

13. “If I have positions going against me, I get right out; if they are going for me, I keep them… Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.” – Paul Tudor Jones

14. “I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.” – Jesse Livermore

15. “Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” – Marty Schwartz

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click here to get our past post top 20 trading tips

Support and resistant Technical analysis method forex chart with 3 easy steps

in: analysis chart setup forex support and resistance video

Technical analysis method Forex chart using support and resistant with 3 easy steps

hello guys today i am going to give you about Technical analysis method Forex chart using support and resistant with 3 easy steps

what is support and resistance and how can i understand support and resistance ?

In technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level.

if market turn from some area then check past it was become support or resistance or strong candle breakout. if market broke a support or resistance then many times it,s need to retest. if broke support that support will retest as resistance before change the direction. also if market broker resistance then market retest it as support.

support is your 1st floor in your home and resistance is ceiling. if market broke the ceiling to go to second floor it need to take a little brake in second floors bottom

see the video to understand more about support and resistance

if you use the support and resistance with trend lines then you can reach big profit see trend line post here

if you have any confuse or new idea about this blog then comment under the post

thank you

have a nice day

How to draw trend lines to analysis the chart as a genius for maximum profit

in: analysis chart setup trend line

How to draw trend lines to analysis the chart as a genius for maximum profit

in this post i am going to show you how to draw trend lines to analysis the chart as a genius for maximum profit.

trend lines is good to analysis Forex chart. if you analysis with support and resistant you can make big profit. but how to draw trend lines as a genius ?? see the video in post to learn it better. also
i will give a big tip to trade market turns for long term. then it comes entry start from support or resistance area and trend line both are coming in same area

see example in image