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Strategies, guides, analysis tools and more for the experienced, advanced level Forex trader.

Watch Out These Confluence Zones in The NZDUSD Cross

In this educational post, we'll introduce the confluence concept. After this, we'll apply to analyse the NZDUSD cross. The confluence concept A confluence is a convergence...

Understanding Motive Waves – Part II – Extensions

In our previous post, we discussed the fifth wave and its importance in the Elliott Wave Theory. In this educational post, we'll review the...

EURGBP – An example of a speedy market!

Sometimes the price moves at high speed which doesn't allow to analyse or to enter in this market. R.N. Elliott in his Treatise "The...

Understanding Motive Waves – Part I – The Fifth Wave

The motive wave is the most profitable movement because it is the trend's direction. Elliott, in his Treatise "The Wave Principle," give special attention...

The Nature of Risk and Opportunity

The Nature of risk and opportunity To help us in the task of exploring and finding a sound trading system, we’ll examine the features of...

A stock company can predict the next path of Bitcoin?

Bitcoin, the most traded cryptocurrency and a stock company, what have in common? In this educational post, we'll apply two concepts, divergence and correlation,...

A Lesson from a Failed Breakout

In this article, we are going to demonstrate a recent breakout on EUROUSD which failed. The price was going down by obeying a down...

Understanding Corrective Waves – Part IV – Combinations

In this four-part series, we'll expand the complex corrective sequence concept. In particular, we'll present here a different corrective pattern combination. The double and triple...

Designing a Trading System: The Backtester and the Data

The Environment Developing a trading system nowadays involves some kind of developing platform able to backtest and optimise the parameters of the strategy in hand. There...

Understanding Corrective Waves – Part III – Strength and Complexity

In our previous posts, we presented the alternation principle, different simple corrective structures. Also, we showed different trading setups for each corrective pattern. In...

Designing a Trading System: Trading Ideas

  Introduction The figure on the left shows our proposed flowchart of the steps needed in the design of a trading system Click on it to...

Designing a Trading System – Find the Critical Key Factors to...

Critical Features for a Perfect System Systems are things that work by themselves. Van K. Tharp defined in reference to how McDonald's business works says: A...

Understanding Corrective Waves – Part II – Triangles and Trading Setups

In our previous post, we presented the first part of corrective waves. We discussed three basic corrective structures: zigzag, flat, and irregular. We also...

Wave Projection Forecasts Using Cynthia Kase’s Methods

It's tough to make predictions, especially about the future. Yogi Berra Cynthia Kase and Forecasting This is our second article in which we discuss Cynthia Kase’s excellent...

Understanding the Corrective Waves is Key to Succeed

In this post, we'll talk about the basic concepts of corrective waves. The importance of corrective structures comes from the fact that price consolidates...

Explaining the Statistical Information of the MT4 Strategy Tester

The Trading Simulator A good Trading Platform always includes a Trading Simulator that takes a trading system's rules and, applying them, calculates simulated paper-trades in...

Easy Guide to Wave Terminology and Labelling

In previous posts, we identified waves following the criteria commented in our post "Waves in Financial Markets." This approach allows us to have a...

How to Use Channels to Identify Waves

To differentiate a market movement is necessary to segregate the different waves. The price channelling allows us to identify each wave while the market...

Waves In The Financial Markets

In our previous post, we talked about the laws that govern nature and how observation and experience allow making predictions. We also comment that...

Understanding the Nature of the Wave

The Elliott Wave theory is a popular method currently applied to the analysis of the financial markets. In this articles series, we will explain...

What you should know about Statistics as a trader (and you...

  Deterministic and Random Processes Intuitively we can distinguish between a deterministic event and a random one. A Deterministic event is a process whose development we...

Position Size, Risk and Returns

Introducing the R concept When trading on the Forex markets, we are living in a world of leveraged instruments. Therefore our potential to control asset...

Risk Management, Pip Risk, and Pip Profit

What do we mean by Risk Management? Risk management is the part of the trading strategy that deals with how much risk are we willing...

The Trading System Basics I

  Automated versus discretionary The Discretionary trader People always get into the Forex market and start trading with no system at all.  They approach the markets applying...