By: Dima Chernovolov Autochartist recently identified the breakout of the high-quality Triangle chart pattern on the daily EUR/CAD charts. Autochartist rates the Quality of this chart pattern at the 8 bar level – which is the result of the strong Initial Trend and Clarity (both rated at the 8 bar level) and significant Uniformity (7 […]
Trading textbooks are filled with methods and techniques to reduce the tension you feel when trading. Suggestions range from the most common, i.e. starting with small amounts and low leverage to instilling a disciplined strategy. If you’ve just started your trading adventure then this is exactly what you need. But perhaps you’ve got a different […]
By: Dima Chernovolov As you can see from the following chart – Autochartist recently identified the extended Triangle on the 4-hour GBP/JPY charts. Autochartist measures the Quality of this chart pattern at the 4 bar level – which is the result of the lower Initial Trend and Clarity (rated at the 4 and 1 bar […]
In the last 6 months, the movement of USDCAD and GBPUSD fluctuated in opposite directions. However in the last 2 weeks, they have been moving together. Based on historical movement, we expect them to start moving in opposite direction again.
By: Dima Chernovolov Autochartist recently identified the breakout of two chart patterns – Inverse Head and Shoulders and the Ascending Triangle on the hourly GBP/USD charts. The Quality of both of these chart patterns is measured by Autochartist at the 6 bar level. The strength of the breakout of these price patterns is similarly rated […]
Exclusive: IronFX sues trader for defamation in Germany – a case that may set a precedent There is a very old and well-worn adage which dates back almost as far as the contractual law which binds retail customers to providers of goods and services, that being ‘always read the small print.’ This phrase refers to […]
In forex, there’s a clear distinction between two groups of currencies—the majors and the exotics. The majors include the currencies that we all trade and which are relativity low in volatility, such as the US Dollar, the Japanese Yen and the Pound Sterling. Among the exotics, we can find riskier and more volatile currencies such […]
By: Dima Chernovolov Autochartist recently identified the breakout of the high Quality Up Channel on the daily EUR/USD charts. Autochartist rates the Quality of this chart pattern at the 8 bars level – which is the result of the strong Initial Trend (8 bars), above-average Uniformity (6 bars) and higher Clarity (7 bars). The strength […]
By: Dima Chernovolov Autochartist earlier identified the breakout of the high-quality Up Channel chart pattern on the hourly AUD/USD charts. The overall Quality of this chart pattern is measured at the 8-bar level – which reflects the average Initial trend (5 bars) and substantial Uniformity and Clarity (rated at the 8-bar and 9–bar levels respectively). […]
Can a trading strategy be doing too well? That sounds counter-intuitive, certainly. Like suggesting that someone can be too rich or too successful. You might be thinking there’s no such thing. But when it comes to managing your trading strategy, one that is performing too well is a warning sign. That’s because, quite often, an […]
