Posted by: maggie
Unless traders draw correct trend lines, these markings on charts can be as meaningless to a trader as a spider crawling across a screen.
Without being drawn in properly, they can tell us nothing about where price might be expected to move.
Traders use trend lines to establish points, much like train tracks, that house a stair-step arrangement of price ...
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Forex trading has its challenges and its success stories. Some people try several methods before they find something that suits their personality and their vision for the future. Harmonic Pattern Trading is a method that is different to what most people are used to. Based on Fibonacci measurements, it is one of the more probable ways of trading the forex.
Patterns such ...
Continue Reading →Posted by: maggie
The acronym of HAT suits this inventive automated trading tool from FXGroundworks.com. You put it on and take it off to suit your mood or your trading style.
HAT stands for the Harmonic Auto Trader
HAT is the brainchild of a group of developers and FXGW management and is the first tool of its kind to be developed specifically to automatically trade currencies using the Harmonic Pattern method.
Harmonic Pattern trading is a technique that boasts a 70% probable success rate within the ...
Continue Reading →Posted by: maggie
Sonar (sound navigation and ranging) is a military term and technique that FXGW has adapted to help traders determine the potential direction of a currency pair.
Understanding sonar activity helps us to apply the principle to our charts.
Although I have had no involvement with the military forces, I have researched this principle for years ...
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