Institutional trader accumulating huge volume in forex instrument, can certainly mark the price down. There is no way to mark the price down for him, if the crowd is selling at the same time without him losing capital. To try to mark the price up while everyone else se...

If you already hold long positions, recognising end of the uptrend is extremely important for position exit timing. To be able to recognise signs of weakness at the top of the market can help you to anticipate trend reversals. By anticipating trend reversals your posit...

Upthrusts always signalise weakness in the background of forex instrument. Upthrust appears in overbought instruments, after substantial increase in price while there is weakness being present in the background of instrument – so far hidden from the masses of traders.

H...

Very high volumes on strong downwards (bearish) candles is always a sign of downtrend health. As it always signalises selling. However, if bearish candle closes near its top at very high volume, it may mean, that market makers and smart money absorbed selling from the...

Tops and bottoms can be found in characteristic wave structure of the price in forex market. By looking at historical data, we can see that most of the tops would have been great entry areas for short positions within downtrend. Bottoms would be great entry for long po...

Elliot waves are meeting standard definition of fractals. They are self similar and can be found on any price timeframe. Price movement in forex is based on investors' psychology on every timeframe. This creates typical wave structure of impulsive and corrective swings...

After initial Elliot waves formation reaches its breaking point (wave 5). We can expect so called ABC correction formation of Elliot waves. This pattern can be repeated at the end of the trend up to thee times.  As with every move on the market each swing of ABC format...

Accountant and mathematical genius R.N. Elliot. Being already 66 year old in the 1920s, he collected enough evidence to bring his Elliot waves theory to the world. His finding were published in book Wave Principle.

Elliot believed that characteristic price structure in...

  • Trade in the direction of trendline. Trade long while trendline slopes upwards, trade short when it slopes downwards. If you find channel (range, price belt), trade long on upper limit, trade short on bottom limit. This will be strong base for anything you do with ...

After you manage to successfully identify current trend, you may enter the position immediately, or you can wait to get a better price within that trend – wait for correction. If you decide not to wait, it will be necessary to use wider stop loss to protect your entry.

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