EUR/USD in Possible Ending Diagonal

URUSD Elliot Wave Analysis 1H

The EUR/USD has been edging lower since the strong downward movement in June 14th. My current wave count indicates that the pair could be forming an ending diagonal (blue color) as part of the overall downtrend. The picture on the 4H chart below remains more of the same and could indicate that higher count wave 5(light blue) could end as Read More …

The Failure Swing Trading System – What is It and How to Use it

Bullish Failure Swing

  Before getting started, please note that like other systems, the failure swing trading system is not 100% bulletproof, but it does have a high enough accuracy to make it one of the simplest and most effective systems to trade. Many estimate an accuracy of 70% which is achievable depending on the conditions and combinations with other tools as well Read More …

5 Trading Mistakes That Can Cost You Dearly

  There is nothing more frustrating than seeing yourself making the same mistakes over and over again, despite your best intends and efforts and witnessing these 5 trading mistakes costing you dearly along the way. Not taking profits, averaging down my losses, continuously changing my trading system, falling victim of overtrading and trading what I wanted to see, you name Read More …

Why I Went for Professional Technical Analysis Software and is Totally Worth It – 4 Reasons

It might sound cliché but trust me it’s not! After years of painstaking losses, it finally occurred to me. A professional technical analysis software is probably one of the best investments in your trading career. Elliot Wave, Market Profile, Gann, harmonic patterns and any other indicator you’ve probably heard of or studied about, could be at your reach for analyzing Read More …

3 High Probability Chart Trading Patterns

There are various chart trading patterns that can help you make better trades. However, some of the most reliable and forward-looking trading patters include the Gartley, the Butterfly and the AB=CD, also mentioned as harmonic patterns. A market either moves in a trend whereas it expands or moves sideways or consolidates whereas it contracts. Usually for contraction the most commonly Read More …

5 Essential Trading Skills – Improve Consistency & Profitability

Regardless of whether you are just beginning to trade or already are a seasoned trader in the markets, there are 5 trading skills that are the hallmarks of a consistently successful trader and as such will help you improve you performance and profitability. These skills include the understanding of market phases, solid money management, proper risk management, psychology drills and Read More …