A symmetrical triangle chart pattern represents a period of contraction & consolidation before the price is forced to break out to the upside or breakdown. They are very easy patterns to find and trade and work on everything you can trade including stocks, indices, crypto and forex. A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trend line indicates the start of a new bullish trend.

Here we take a look at the support and resistance indicator for Metatrader that helps traders identify key levels in the market that price is likely to head for. The indicator automatically draws in key support and resistance levels from the daily, weekly and monthly timeframe, meaning you no longer have to manually find those levels and keep adjusting them on your charts. When trading, you will notice that price moves to and from support and resistance levels constantly and creates large strong moves called propulsion candles which act as easy targets for price to retrace to.

Markets go up, markets go down, you get in, you get out, it’s that simple! Trading forex or any instrument with any trading strategy is incredibly hard to master. Everything you learn is the same thing told differently, over and over again using different language. All trading strategies are rubbish and none of them work, not because they are no good, but because when it comes to entering the market they all have the same odds of success. Often this is nothing to do with the strategy and all to do with the trader taking the trades! The markets are random and controlled by banks, what makes you think a course is going to help you make money? Technical analysis is useless, and all the books and courses teach you how to get a 50/50 shot at a random result.

I was asked a few times by new people to the live rooms in Telegram to explain the strategies and EA settings, so here they are, easier to record a video for everyone than explain it multiple times! 😉

This is a simple explanation of what market structure is, and it’s designed to show you what the market reversal alert indicator is potentially showing you is about to happen. There are tons of resources out there on this, so it’s just a quick lesson to explain the basics.

Every trader does it, it’s part of the trader’s education and path to becoming successful. But do you really understand why you are trying system after system, indicator after indicator? There’s usually nothing wrong with your trading system, it’s your understanding of how that system will play out that is often at fault.

Understand that as a trader, whatever strategy or indicator you use has no way of telling you where the market is going to go next. You know two things, it’s going to go up and down and sideways, accept it! No trader has control over where price will go next. This short video explains why you have no way of predicting future market movement.

Support and resistance can be either fixed or dynamic, and is a vital part of the majority of trading systems. People often try to make it pip perfect, but it’s better to look at these areas as more of a zone and use multiple time frames to fine tune levels and look for signals in those areas.

Candlestick patterns are very powerful when used correctly, they show when weakness is starting after a push and tell you when it’s right to take a trade. Forget the rest and concentrate on these top patterns, and you’ll start timing your trades perfectly and get much better risk:reward ratios too.

Ask yourself if you want to be right or profitable? The forex market and most markets in general spend around 80% of their time ranging and reverting to the mean average of price. If you are trying to catch that big trend, you are missing out on 80% of the trading opportunities out there!

Picking a direction in trading is one of the hardest parts to master. Choosing your timeframe is also a hard part many traders struggle with. This video aims to help with that by giving you simple ways to make those choices.

There are so many chart patterns out there for traders to use, it can be confusing at times. There are a few main ones however which work beautifully and are easy to spot with the market reversal alerts indicator.

No single indicator will give you great results when trading any forex pair, index, crypto or commodity. You need a system that gives you an edge which will be made up of multiple moving parts. Here we take a look at what a trading system or strategy is and what it needs to work.