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The broadening wedge is a mysterious pattern. While it can be extremely profitable if correctly executed, it can easily play tricks on you if you aren’t careful. One possible explanation for this trickery is that it occurs less frequently than its sibling, the narrowing wedge. Therefore our minds aren’t as conditioned to spot these formations much […]Continue Reading
Last Updated October 25, 2016 You’re probably familiar with Fibonacci retracement. Whether you use it as a compliment to another strategy or to confirm key levels, chances are you’ve worked with it in some manner. However, I can all but guarantee that you haven’t used it in the way I’m about to show you. The […]Continue Reading
Creating a Forex money management strategy and risk control plan doesn’t have to be a difficult task. In fact, it’s one of the easier things you can do to protect your trading capital. Despite this truth, it’s often overcomplicated to the point that most traders fail to create a proper strategy. This is a huge […]Continue Reading
Consider the following scenario. You’ve had EURUSD on your watch list for weeks. More specifically, you’ve been waiting for a break below a key support level to take advantage of the selloff that’s sure to follow. After three weeks of practicing saint-like patience and unshakable discipline, the Euro finally sells off against the US dollar […]Continue Reading
When it comes to Elliott Wave Theory, you either understand it, or you don’t, there is no in between. In the same way, those who understand it either find value in it or they don’t. Having been a student of the financial markets since 2002, I can tell you I don’t subscribe to Elliott Wave […]Continue Reading