FXstreet.com Live Sessions Archives

Monthly Webinar: Harmonic Patterns

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager

Summary:

Harmonic Patterns are one of the most effective and precise ‘reversal patterns’.

These patterns apply specific Fibonacci retracements and extensions to a price structure.

They can be quite powerful and often give you straightforward entry and exit points. The main advantage of these patterns is that they leave little to guesswork, are very precise and rely on specific Fibonacci numbers.

Learn the different types of patterns, and understand how to trade them with precisely defined entry, exit and stop levels.

Trading the Harmonic patterns

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager

Summary:
Taking the Fibonacci ratios to the next level, learn to trade the harmonic patterns which are very specific and accurate chart patterns. Unlike other patterns, such as the Elliot waves, the harmonic patterns are not subjective in nature and adhere to the Fib ratios very accurately. Learn to identify the different patterns, and learn how to trade them by defining the precise entry, stop and exit levels.

Chart reading basics

Expert: Adam Rosen, CEO and Co-Founder at 4xLounge
Moderator: Maud Gilson, Conference Manager

Summary:
Using Trendlines and Fibonacci, we frame the market into terms we can understand, in finding the true trend, and probable near term future.

Using Fibonacci ratios to manage your trades efficiently

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager

Summary:
Fibonacci ratios are a very popular tool among technical traders and are based on the following series of numbers identified by mathematician Leonardo Fibonacci in the thirteenth century: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Price has an uncanny way of respecting Fibonacci ratios, and it’s worth studying these ratios in detail.
There are different kinds of Fibonacci ratios like retracement, expansions, projections, fans etc, and each of them has a different characteristic and a different use.

Every tool of technical analysis, every method / technique, must be used to manage a trade more efficiently.
This simply means that a trader must have a “Trading Plan”.
I have seen that a Trading Plan is often the thin line between success and failure in the markets and a ‘Trading Plan’ must incorporate the 3M’s (Money, Mind & method… in that order).
In this webinar, we attempt to use the “Fibonacci Method” to enable us to manage our trades.
One must remember that Technical analysis is NOT the trading plan.
Use the tools of technical analysis as a path to manage your trades.

Introduction to Candlestick Patterns

Expert: Andrei Pehar, Sr. Currency Strategist at fxKnight.com
Moderator: Maud Gilson, Conference Manager

Summary:

Learn to predict where price is likely headed next using the only 6 candlestick patterns you ever need to know.  No more need to memorize dozens or patterns or go through stacks of books - just about every other formation you'll run across in your trading is a variation of these basic 6, and once you know them you'll be able to recognize the early warning signs of both continuations and reversals.
 

Monthly Webinar: What Traders Need to Know About Today's Forex

Expert: Mark Whistler, Senior Market Strategist at TradingMarkets.com
Moderator: Maud Gilson

Summary:
1. Indicators are Failing…

a. Indicator Failure Revealed: Mark will not only explain why indicators are failing today's market, but show example after example of how almost all technical indicators are providing false signals in today's environment.

b. Specific Examples: Traders will learn how and why MACD, Stochastics, CCI, Candlesticks, Relative Strength and Fibonacci are all providing false signals.

c. Webinar guests will then learn how to put the odds back in their favor… making technical indicators more reliable in today's volatility driven Forex environment.

2. Price Action | Volume/Dollar Action | Defined, in Addition with an Explanation of How Institutional Trading and Thinking Really Works Within Forex.

a. Price Action | Volume/Dollar Action: There's a reason 95% of all Forex traders lose money… Because they really don't understand the event unfolding on the chart before their very eyes. During this portion of the Monthly Webinar, traders will finally understand what 'price action' is and why/how the paradigm is 'for blind retail traders'. Uncovering truth behind price action versus volume/dollar action will give traders additional insight into why technicals are built for failure from the start, while helping finally put the odds back in the at-homes traders corner.

b. Institutional Trading: Buy Side versus Sell

Side versus Buying and Selling.

If you've had a tough time CONSISTENTLY profiting in Forex, it could be –perhaps- because you have yet to clearly understand the true underpinnings of intraday volatility and motives of institutional players. Here, Whistler will specifically explain why retail traders are missing the 'real game' from the start and thus, are really set up for failure from the very beginning. This portion of the Webinar will open the door to volatility/probability, which will not only help traders defeat intraday swings, but also know when and where institutions are taking positions and sitting on the sidelines. If you trade Forex intraday, please do not miss this portion of the Webinar. In addition, the aforementioned discussion will serve as the primer for Advanced VWAP Trading Strategies- to be delivered in the second half of the monthly Webinar.

3. Volatility | Probability

a. Why Volatility Matters: During this final portion of the first half of the monthly Webinar, traders will see why and how volatility matters- especially for intraday trading. Have you ever wished you had an indicator that would show when trending is about to begin and when trending has ended? What's more, with the information from Whistler's discussion on volatility and probability, traders will begin to see how by using a few simple commonplace indicators – differently than shown almost anywhere else within global educational Forex channels – can make all the difference in the world in being able to spot volatility ahead of the crowd.

Pitchforks with Fibonacci Retracements

Expert: Mark Whistler, Senior Market Strategist at TradingMarkets.com
Moderator: Maud Gilson

Summary:
Pitchforks, an often overlooked, but powerful trend analysis tool give traders incredible insight when attempting to perceive trends. However, when merged with Fibonacci, the common trend tool becomes an even more robust indicator within Forex markets. Mark will show traders how using a macro to micro approach, traders can drill down within timeframes using Fibonacci Pitchforks, identifying position, swing and intraday trades.

Fibonacci - from novice to advanced techniques

Expert: Adam Rosen, CEO and Co-Founder at 4xLounge
Moderator: Maud Gilson, Conference Manager

Summary:
Using the Fibonacci tool, we can plot not only potential retracement levels, but also project price targets into the future.

Tell me the Fibonacci ratios don't work - Harmonic Patterns

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager

Summary:
Fibonacci ratios and Harmonic patterns
Price has an uncanny way of respecting Fibonacci ratios, and one must understand the different kinds of Fibonacci ratios like, retracements, expansions, projections, fans etc, and the specific use of each of them. Most price waves - like Elliot waves - are based on specific Fib ratios.
We will look at Harmonic patterns, which are specific 5 wave structures, formed by precise fib ratios. One can label these patterns as a confluence of Fib ratios offering excellent levels of support/resistance, thus making them very effective.

Institutional Trading Strategies: The Indicators

Expert: Andrei Pehar, Sr. Currency Strategist at fxKnight.com
Moderator: Maud Gilson, Conference Manager

Summary:
Learn how to avoid "analysis paralysis" by knowing which indicators work best under which market conditions, as well how to spot the signs that those conditions may be changing.  All indicators have moments when they perform well, and other moments when they can give false or misleading signals.  The key to using them effectively is not to use more of them, but rather to knowing when to use which.  In this webinar fund manager and trading coach Andrei Pehar will dispel many of the myths surrounding indicators, and show your the most effective ways to make use of them despite their lagging effect.