Notes

How To Make Forex Trading Profitable
The first channel lines are drawn from at most two points on the top and bottom of prices, depending on which direction the trend is heading. The second channel lines are parallel lines that are placed at the highest and lowest touch points.

The Fundamentals. Will they be bullish (or bearish) in the future? If they are bullish you might consider going "long". This means that you buy the stock and you will make a profit if the stock's price goes up. You could also consider going "short" to avoid them being bearish. Short selling is the practice of selling stock that you have borrowed from a broker.

When price finds more and more sellers and they think that it's overbought/overvalued so they starting selling it up or taking profit and that causes price to back down away from resistance.

A hammer is a candlestick with long lower shadow and small real body at the upper trading range. bitcoin bullish Be aware that the shadow must be at minimum twice the length of its body. It might indicate that prices will rise next to bearish market trends depending on when you trade (e.g hourly and daily).

You don't need to be disciplined constantly. Only when you are executing a sell or buy signal, do you need discipline? This is an important fact to remember. It eases some of the pressure to think that you only need to be "disciplined" when you execute a timing signal, rather than during all waking hours.

What are the chances of the trade being closed once it is complete? click here can rise strongly, and I could close it for $.10 debit and lock in $.40 profit and a ROI 26% within a few weeks. SPY could slide for the next 30 days or even pullback a few dollars. In all of those cases my trade still makes money. Why is that so? Because I have sold an outof-the-money option, which is a 100% time premium with no intrinsic worth. In such cases, time is my friend. Although I do have a long-term option that is also wasting away I still have a value. If both expire worthless, I get a net credit.

Wedges - When your trend lines look like a symmetrical triangular triangle, the wedge pattern will form. You'll notice that the highs and lows of the trend lines that are drawn have an angle. This angle is usually either up or down. Then you'll see a trend, either up or down, form outside this pattern. An upward line is a bullish signifying a good time to purchase. A downward line is a sign of a bearish market, meaning it's a good moment to sell.

Gaps ? A price gap is when the opening price of the current bars is higher than or lower than the closing prices of the bars for the previous period. You'll see gaps most often on daily charts, such as the one in the preceding figure. A gap can sometimes be an indicator of a more dramatic breakout. In this case, the pair continued to lose value.
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