Hass

Currency Correlation in Forex Trading

Everything in the currency market is interlinked to some extent. Most of the currency pairs show correlations. Knowing about these currency correlations is important for you in order for you to reduce risk and diversify your portfolio. This knowledge of c... Read >

Don't Use Bad Risk Management in Forex Trading

Many traders practice bad risk management. They suffer catastrophic loss and get wiped out by the market soon. Thus ending their career before it had even begun. You might have the best forex system but with bad risk management practices, it will not work... Read >

Why Keep A Trading Journal

The most important thing that you need as a trader is discipline and common sense. There is no Holy Grail in trading. No trading system or indicator will make you rich. But discipline when practiced patiently overtime will turn your small amount into a hu... Read >

Breakout Trading Strategies

Breakout trading can be highly profitable. But the problem is most breakouts tend to fail often. A breakout fails when the price returns to a point before the breakout. Suppose the price breaks out above the resistance line but soon retraces back below th... Read >

How To Trade Divergences With MACD Histogram

Predicting the turning points in the market is what will make you a fortune as a trader. This is how pro traders make a killing in the markets by correctly predicting the trend reversals and then trading them. Divergence pattern is one of the most importa... Read >

MACD Histogram BUY/SELL Trading Signals

MACD ( Moving Average Convergence Divergence) Indicator is one of the most versatile technical indicators. MACD has two components. One is the histogram and the other is the difference of two moving averages. A MACD histogram is a very handy technical too... Read >

Daily Charts Forex Trading Strategy That Pulls 100-500+ Pips Per Trade

This is a daily timeframe strategy that can make hundreds of pips per trade for you without you having to spend hours staring at your computer monitor. Wake up in the morning, scan the charts on the daily timeframe, setup your trade and that's it. After t... Read >

Perfect Order Forex Strategy

This perfect order trading strategy uses moving averages. Perfect order is defined to take place when the moving averages are all arranged in a sequential order with the 10 day SMA above the 20 day SMA that is above the 50 day SMA that should be above the... Read >

The Three White Soldiers And The Morning Star Three Stick Trend Reversal Candlestick Patterns

Three stick candlestick patterns are more complicated than the single stick and two stick patterns. These patterns take three days to emerge as a valid signal. One such three stick candlestick trend reversal patterns is the Morning Star. However, a Mornin... Read >

Fib Retracement Trading

In the last article, we discussed how we can use the Fibonacci Projection Levels while trading breakouts. Breakouts tend to fail a lot with the price action retracing itself. Let's discuss the second situation in this article, where the breakout fails and... Read >

Trading Breakouts With Fib Projection Levels

Most breakouts tend to fail. It is impossible to know which breakout will succeed and which breakout will fail. But you have to be in it to win it. As a trend trader, you have to take every trade. However, using Fibonacci can optimize your few wins and mi... Read >

Moving Averages And Candlestick Patterns-A Powerful Combination!

Moving Averages are simple yet powerful. They are one of the most popular indicators used by traders in almost all type of markets. There are basically three type of moving averages, simple, weighted and exponential. Each one has its own advantages and di... Read >

Harami Candlestick Pattern

Harami is one of the important candlestick patterns that warn of a potential trend reversal in the market. It is a two stick pattern meaning it takes two days for the Harami pattern to form. Harami is the Japanese for a pregnant woman. This pattern looks ... Read >

Trading Divergences Can Be Highly Profitable!

Divergences are considered to be an important arsenal in the trading toolkit of a pro trader. Divergence happens when price moves in one direction and the indicator moves in the opposite direction. Now any oscillator can be used to show divergence patt... Read >

Combining Trendlines With Candlestick Patterns To Enter And Exit Trades

As a trader, you should be familiar with trendlines. Trend lines are one of the most reliable indicators in the arsenal of a forex trader. When you combine these trend lines with candlestick patterns, you get a powerful combination. When you combine a ... Read >