Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager
Summary:
A
chart pattern is a distinct formation on a chart that creates a trading
signal, or a sign of future price movements. Chartists use these
patterns to identify current trends and trend reversals and to trigger
buy and sell signals.
The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio.
When
the 123 pattern occurs at the end of trends and swings, they are an
indication of a change in trend. They can also be found within a
trading range, and they take place when the directional momentum of a
trend is diminishing.
For any trading technique, one must understand its advantages and drawbacks.
Implementing
the technique in the live markets is the crucial part and one must have
a trading plan defining the precise entry, stop and exit levels.
You can download here the Powerpoint Presentation of that webinar.
PART 2 OF THIS MONTHLY WEBINAR WAS NOT RECORDED
My Favorite Patterns To Trade
Expert: Derek Frey, Head Trader at Odom & Frey Futures, FOREX & Options
Moderator: Maud Gilson, Conference Manager
Summary:
In this webinar Derek will show which patterns he finds the most reliable and exactly how he trades them.
Derek Frey has been a trader for almost 20 years. He has done everything from financial planning to running his own brokerage firm. In that time he has worked with thousands of traders around the world and has had a unique insight into what really drives markets and more importantly what the majority of losing traders are doing and how to avoid joining them. He is now the senior market Strategist at Forex Traders Daily and runs a trading room where he guides traders through the markets each trading day. Over the years he has found that the 10% of traders who do consistently make money see the markets in a way that the 90% who lose do not.
Continue reading "My Favorite Patterns To Trade" »
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