Developed by Scott Carney and Larry Pesavento, after being originally discovered by H. M. Gartley, the AB=CD pattern has become an effective technique to have in one’s toolbox. After months of research, back testing and also live trading, we feel comfortable presenting this setup to our readers. Just to be clear, the following is not … Continue reading What is an AB=CD pattern?
Unlike support and resistance levels, trendlines are drawn at an angle. These widely used technical lines are, first and foremost, used to determine the trend. By drawing these lines one can establish whether a market is in the process of rallying north (an uptrend), dropping south (a downtrend) or in the phase of a consolidation. … Continue reading How to identify trendlines
In the following article, our objective is simple: to try and shed some light on how one can trade supply and demand on a chart. For those who are new to this concept, you may want to consider checking out this article before continuing as it provides a solid foundation: How to Identify Supply and … Continue reading Supply and Demand Trading
Part Two… Following on from part one: What is Price Action in Forex Trading where we touched on the basics of price action, part two will dive in a little deeper and begin focusing on how the charts form specific price-based structures. While we would love nothing more than to show all the subtle nuances that … Continue reading What is Price Action? (Part 2)
Understanding how to plot support and resistance levels on a chart is one of the most crucial aspects you, as an aspiring technical trader, need to grasp. Generally speaking, it is also one of the first techniques that traders come across when beginning their journey. Sadly however, this method is usually quickly overshadowed by the … Continue reading How to identify support and resistance