Featured
Dynamicsync trading system indicator 95% accurate Dynamicsync trading system indicator 95% accurate
$13 $10  
Master candle indicator-forex candlestick indi Master candle indicator-forex candlestick indi
$11 $4  
NeuroTrend Lines 4.0 forex indicator NeuroTrend Lines 4.0 forex indicator
$20 $9  
Wolfwave Pattern indicator with bonus 5-min-Trend-rider the system Wolfwave Pattern indicator with bonus 5-min-Trend-rider the system
$20 $9  
<available>Super Gain Indicator with bonus inside!Must See <available>Super Gain Indicator with bonus inside!Must See
$11 $9  
FXUltraTrend Indicator FXUltraTrend Indicator
$11 $9  
FXSmooth-Personal ATM Machine With World Class Trading Indicator FXSmooth-Personal ATM Machine With World Class Trading Indicator
$20 $9  
EA - NEWS FOREX EXPERT ADVISOR=TRADING SYSTEM for MT4 EA - NEWS FOREX EXPERT ADVISOR=TRADING SYSTEM for MT4
$33 $9  
NEWTEC Expert Advisor 99%Winningtrades NEWTEC Expert Advisor 99%Winningtrades
$15 $13  
Forex snipper - fx software for forex trading Forex snipper - fx software for forex trading
$11 $7  
MTPredictor 6.5 MT4 and MTPredictor for Ninjatrader 6.5(BONUS NMi Super Scalper EA) MTPredictor 6.5 MT4 and MTPredictor for Ninjatrader 6.5(BONUS NMi Super Scalper EA)
$29 $18  
SuperFXrobot BEST "FX ROBOT"No.1 automated trading system in the world SuperFXrobot BEST "FX ROBOT"No.1 automated trading system in the world
$11 $9  
Forex Innovator System Forex Innovator System
$20 $9  
Turbo Pip Sniper EA and Forex Turbo Pips EA Turbo Pip Sniper EA and Forex Turbo Pips EA
$11 $7  
Market Maker Chart Indicator (mmindicator) Market Maker Chart Indicator (mmindicator)
$11 $7  
Power Band Dominator- AccurateTrading Forex System Power Band Dominator- AccurateTrading Forex System
$33 $13  
Forex Breakout Robot v3 and v4 Forex Breakout Robot v3 and v4
$18 $9  
Trading Weapon Intraday Forex Tracer Trading Weapon Intraday Forex Tracer
$18 $9  
Cable Run from Profitable FX Cable Run from Profitable FX
$20 $9  
Chameleon One of the best expert advisor Chameleon One of the best expert advisor
$20 $13  
Ddfx Forex Trading System Ddfx Forex Trading System
$11 $9  
Dragonpips Final Edition - The Best Forex Expert Advisor Dragonpips Final Edition - The Best Forex Expert Advisor
$20 $13  
EA forex expert advisor - Caliber FX Pro EA forex expert advisor - Caliber FX Pro
$42 $26  
10 Pips Forex Trading System The 3rd Candle AddOn 30 pips indicator 10 Pips Forex Trading System The 3rd Candle AddOn 30 pips indicator
$11 $9  
Trading Price Action Trading R@nges Trading Price Action Trading R@nges
$11 $9  
16 Books and articles by John L Person bonus Golden System v3 16 Books and articles by John L Person bonus Golden System v3
$11 $4  
28 Forex Ebooks for starter 28 Forex Ebooks for starter
$20 $9  
Pr0 Trader Complete FX Course Pr0 Trader Complete FX Course
$11 $9  
meg@trendfx Nitro version 5.00 BONUS forex puller-Strategy meg@trendfx Nitro version 5.00 BONUS forex puller-Strategy
$11 $9  
4 books by Neall Concord-Cushing (wave59) worth $1000 4 books by Neall Concord-Cushing (wave59) worth $1000
$11 $9  
570+ Forex, Stock Market, Options Ebooks 570+ Forex, Stock Market, Options Ebooks
$18 $12  
60 Minute Trader WITH BONUS 60 Minute Trader WITH BONUS
$11 $9  
A practical guide to swing trading by larry swing plus bonus forex manual A practical guide to swing trading by larry swing plus bonus forex manual
$20 $6  
ADXcellence Power Trend Strategies by Charles Schaap ADXcellence Power Trend Strategies by Charles Schaap
$11 $4  
em1ni-watch collection em1ni-watch collection
$15 $13  
Al Brooks-Trading Price Action Reversals Al Brooks-Trading Price Action Reversals
$20 $9  
1Click Pips Ea bonus Price Channel Ea, OpenTiks Ea, Lady Robot EA 1Click Pips Ea bonus Price Channel Ea, OpenTiks Ea, Lady Robot EA
$42 $19  
24 Techniques for Closing the Sale and SEOmoz Pro Tips Videos 24 Techniques for Closing the Sale and SEOmoz Pro Tips Videos
$11 $7  
AlcyoneFX EA bonus By Terence winter based on the book by Jordan Belfort, The Wolf of Wall Street AlcyoneFX EA bonus By Terence winter based on the book by Jordan Belfort, The Wolf of Wall Street
$18 $9  
Alexander ELDER - Entries & Exits Study Guide Visits to 16 Trading Rooms Alexander ELDER - Entries & Exits Study Guide Visits to 16 Trading Rooms
$11 $7  
AmiBroker Pro 5.5 RC2 cured with introduction to Amibroker and Price Theory and Applications 8th edition Landsburg [International Edition] AmiBroker Pro 5.5 RC2 cured with introduction to Amibroker and Price Theory and Applications 8th edition Landsburg [International Edition]
$3  
Andrew Busch How to Analyze and Profit from Today's Headlines Andrew Busch How to Analyze and Profit from Today's Headlines
$2  
Astro-Cycles The Trader's Viewpoint + The Global Money Markets + 2 Bonus Astro-Cycles The Trader's Viewpoint + The Global Money Markets + 2 Bonus
$33 $9  
Attacking Currency Trends How to Anticipate and Trade Big Moves in the Forex Market Attacking Currency Trends How to Anticipate and Trade Big Moves in the Forex Market
$15 $9  
BOSS-Break Out Scalping Strategy superb manual BOSS-Break Out Scalping Strategy superb manual
$20 $9  
Balan Robert Elliott Wave Principle Forex Balan Robert Elliott Wave Principle Forex
$20 $13  
Bankers trading system Forex Trading Apprentice with dogbot Bankers trading system Forex Trading Apprentice with dogbot
$20 $9  
Basic Principles of Geocosmic Studies for Financial Market Timing Basic Principles of Geocosmic Studies for Financial Market Timing
$18 $6  
Best Forex and currency exchange trading books (11 books!) Best Forex and currency exchange trading books (11 books!)
$20 $9  
Best of Trend Dynamics Best of Trend Dynamics
$3  
Bill Mclaren Training Workbook on Trends Bill Mclaren Training Workbook on Trends
$11 $7  
Bill Poulos - Power Forex Profit Principles Bonus tools are  Pivot Points - Daily (Shifted) + RiskReward Ratio +Smoothed RSI Bill Poulos - Power Forex Profit Principles Bonus tools are Pivot Points - Daily (Shifted) + RiskReward Ratio +Smoothed RSI
$7 $3  
Bird Watching In Lion Country Forex Trading Bird Watching In Lion Country Forex Trading
$18 $7  
Bollinger on Bollinger Bands Bollinger on Bollinger Bands
$7 $3  
Bradley Donald Stock Market Prediction Bradley Donald Stock Market Prediction
$20 $9  
Brian J. Millard - Future Trends from Past Cycles Brian J. Millard - Future Trends from Past Cycles
$24 $7  
Bryce Gilmore The Price Action Manual 2nd Bryce Gilmore The Price Action Manual 2nd
$18 $7  
Candlestick Charting Explained by Gregory Morris Candlestick Charting Explained by Gregory Morris
$18 $3  
8&8 method EA expert advisor- Automated Trading system 8&8 method EA expert advisor- Automated Trading system
$20 $9  
Change Your Thinking, Change Your Life: How to Unlock Your Full Potential for Success and Achievement Change Your Thinking, Change Your Life: How to Unlock Your Full Potential for Success and Achievement
$3  
Click 4 Pips bonus  AIMS v.2 + 3extra indicators + 2 extra reading books! Click 4 Pips bonus AIMS v.2 + 3extra indicators + 2 extra reading books!
$7 $3  
Cloud Charts Trading Success with the Ichimoku Technique Cloud Charts Trading Success with the Ichimoku Technique
$11 $4  
Cofnas Abe – The Forex Options Course – A Self-Study Guide to Trading Currency Options Cofnas Abe – The Forex Options Course – A Self-Study Guide to Trading Currency Options
$2  
Cofnas Abe – The Forex Trading Course(hands-on guide to mastering currency trading) Cofnas Abe – The Forex Trading Course(hands-on guide to mastering currency trading)
$13 $12  
 
Shopping Cart
0 items
 
Bestsellers
PerfectNT Lines with multidimensional indicator PerfectNT Lines with multidimensional indicator
$13 $9  
5 out of 5 Stars!
TradeGuider MT4 VSA Plugin Tradeguider 4.1.16.0 EOD RT Manual TradeGuider MT4 VSA Plugin Tradeguider 4.1.16.0 EOD RT Manual
$33 $26  
Leading signals that do not repaint-FOREX INDICATOR Leading signals that do not repaint-FOREX INDICATOR
$35 $9  
Trading The Pristine Method Part 1 and Part 2 with bonus Trading The Pristine Method Part 1 and Part 2 with bonus
$43 $26  
Forex Tester -Forex Training Software Forex Tester -Forex Training Software
$24 $4  
NEWTEC Expert Advisor 99%Winningtrades NEWTEC Expert Advisor 99%Winningtrades
$15 $13  
Steve Mauro – Market Maker Method – 4 Day Course with Indicators Steve Mauro – Market Maker Method – 4 Day Course with Indicators
$33 $26  
Steve Nison & Ken Calhoun – Short-Term Traders’ Secrets. Candlesticks, Gaps & Breakout Patterns Revealed Steve Nison & Ken Calhoun – Short-Term Traders’ Secrets. Candlesticks, Gaps & Breakout Patterns Revealed
$11 $9  
Bill Williams Profitunity home study course bonus Travel Trading Profit Formula with Abha Oan system Bill Williams Profitunity home study course bonus Travel Trading Profit Formula with Abha Oan system
$20 $13  
Color Coded Trend Manual System with bonus Ganns Tutorial Color Coded Trend Manual System with bonus Ganns Tutorial
$42 $26  
Dynamicsync trading system indicator 95% accurate Dynamicsync trading system indicator 95% accurate
$13 $10  
Universal Sacred Geometry System Universal Sacred Geometry System
$11 $9  
S.T.A.R (SuperTradeSystem) Trading System S.T.A.R (SuperTradeSystem) Trading System
$33 $19  
Forex Candlestick Pattern Indicator v1.5 (Metatrader 4) plus bonus Forex Candlestick Pattern Indicator v1.5 (Metatrader 4) plus bonus
$11 $9  
SuperFXrobot BEST "FX ROBOT"No.1 automated trading system in the world SuperFXrobot BEST "FX ROBOT"No.1 automated trading system in the world
$11 $9  
Introduction to Fibonacci Time and Price Analysis by Carolyn Boroden bonus Carolyn Boroden – A-Z Fibonacci Analysis Introduction to Fibonacci Time and Price Analysis by Carolyn Boroden bonus Carolyn Boroden – A-Z Fibonacci Analysis
$33 $26  
Trading Harmonically With The Universe with Buy*Sell*alert Trend System Trading Harmonically With The Universe with Buy*Sell*alert Trend System
$11  
<available>Super Gain Indicator with bonus inside!Must See <available>Super Gain Indicator with bonus inside!Must See
$11 $9  
Wolfwave Pattern indicator with bonus 5-min-Trend-rider the system Wolfwave Pattern indicator with bonus 5-min-Trend-rider the system
$20 $9  
#1 forex trading system FOREXPROS SYSTEM 97% ACCURACY! Manual system >2000 pips #1 forex trading system FOREXPROS SYSTEM 97% ACCURACY! Manual system >2000 pips
$42 $26  
Bill Kraft – Trading for Keeps Making Money with Low Risk Option Trades Bill Kraft – Trading for Keeps Making Money with Low Risk Option Trades
$20 $7  
ProFx v2.0 EA Systems-forex fx system for mt4 ProFx v2.0 EA Systems-forex fx system for mt4
$13 $6  
5 out of 5 Stars!
Moving Averages Jeffrey Kennedy with Area fx 51system Moving Averages Jeffrey Kennedy with Area fx 51system
$20 $10  
MBFX Forex System v2 {MBFX-II} MBFX Forex System v2 {MBFX-II}
$20 $8  
Dr Zain Agha Systems Z-WINNER and Secret Bankers Manual comes with bonus! Dr Zain Agha Systems Z-WINNER and Secret Bankers Manual comes with bonus!
$15 $4  
Market Maker Chart Indicator (mmindicator) Market Maker Chart Indicator (mmindicator)
$11 $7  
Market Geometry Course by Yuri Schramenko Market Geometry Course by Yuri Schramenko
$11 $7  
Price action trade for Forex Price action trade for Forex
$11 $6  
ForexMentor - London Close Strategy for forex trading ForexMentor - London Close Strategy for forex trading
$20 $13  
Nial Fuller’s Price Action Forex Trading Course(BONUS Secrets of the Law of Vibration) Nial Fuller’s Price Action Forex Trading Course(BONUS Secrets of the Law of Vibration)
$33 $26  
Forexmentor Forex Scalping Course(BONUS Easy Manual for Scalping The Forex) Forexmentor Forex Scalping Course(BONUS Easy Manual for Scalping The Forex)
$33 $26  
MTPredictor 6.5 MT4 and MTPredictor for Ninjatrader 6.5(BONUS NMi Super Scalper EA) MTPredictor 6.5 MT4 and MTPredictor for Ninjatrader 6.5(BONUS NMi Super Scalper EA)
$29 $18  
Super Scalper Indicator Karl Dittmann Super Scalper Indicator Karl Dittmann
$11 $9  
Todd Mitchell Power Stock Trading Strategies Mentoring Program with bonus Todd Mitchell Power Stock Trading Strategies Mentoring Program with bonus
$18 $15  
The NickB Method Discover Advanced Price Action Analysis The NickB Method Discover Advanced Price Action Analysis
$13 $9  
Ken Calhoun – Adx Mastery Complete forex fx Course Ken Calhoun – Adx Mastery Complete forex fx Course
$18 $10  
Steinitz Fractal Breakout-forex fx indicator Steinitz Fractal Breakout-forex fx indicator
$42 $26  
MT4 Neural Network Trend Predictor PRO! MT4 Neural Network Trend Predictor PRO!
$11 $7  
Ultimate Swing System, Swing into Profit  in Just 10 Minutes a Day Ultimate Swing System, Swing into Profit in Just 10 Minutes a Day
$13 $9  
EX4-TO-MQ4 V4 decompiler (FULL VERSION:BONUS Forex  Expert Advisor Trio Dancer(UNLOCKED) EX4-TO-MQ4 V4 decompiler (FULL VERSION:BONUS Forex Expert Advisor Trio Dancer(UNLOCKED)
$42 $26  
Steve Nison Profiting In Forex DVD Workshop comes with Bonus(Ellusionist Magic Dvd Tagged by Rich Ferguson Magic with Ultimate Female Ecstasy)) Steve Nison Profiting In Forex DVD Workshop comes with Bonus(Ellusionist Magic Dvd Tagged by Rich Ferguson Magic with Ultimate Female Ecstasy))
$20 $11  
Lite does not repaint indicator-forex/fx trading software Lite does not repaint indicator-forex/fx trading software
$11 $9  
Tom Demark Trading Course Bundle(Trading Indicators for the 21st Century By Tom Demark with bonus) Tom Demark Trading Course Bundle(Trading Indicators for the 21st Century By Tom Demark with bonus)
$22 $18  
Forex Mentor MACD Training Forex Mentor MACD Training
$29 $29  
RAILWAY SYSTEM  - NO REPAINT INDICATOR Trading Becomes Easy with special bonus EA RAILWAY SYSTEM - NO REPAINT INDICATOR Trading Becomes Easy with special bonus EA
$13 $8  
5 out of 5 Stars!
YTC Price Action ALL CHAPTERS (BONUS Master candlestick indicator) YTC Price Action ALL CHAPTERS (BONUS Master candlestick indicator)
$37 $35  
Megatrend FlowMeter updated version-forex indicator Megatrend FlowMeter updated version-forex indicator
$20 $9  
Prechter Elliott Wave International Educational DVD Series Volumes 1 till 10 comes with bonus Prechter Elliott Wave International Educational DVD Series Volumes 1 till 10 comes with bonus
$11 $11  
Trend reversal System NOT REPAINT with Alpha Trader Trend reversal System NOT REPAINT with Alpha Trader
$11 $7  
McDaddy Trading course Price Behavior McDaddy Trading course Price Behavior
$18 $15  
Chameleon One of the best expert advisor Chameleon One of the best expert advisor
$20 $13  
4 books by Neall Concord-Cushing (wave59) worth $1000 4 books by Neall Concord-Cushing (wave59) worth $1000
$11 $9  
Astrology for Gann Traders(BONUS Steinitz HAS MTF Hedge Robot v3.21) Astrology for Gann Traders(BONUS Steinitz HAS MTF Hedge Robot v3.21)
$33 $17  
Profitable EA Seven Summits Trader Profitable EA Seven Summits Trader
$11 $9  
Balance Dynamics bonus Complete Reversal Magic Balance Dynamics bonus Complete Reversal Magic
$11 $9  
Bollinger Band Matrix Tactics by Mark Deaton Bollinger Band Matrix Tactics by Mark Deaton
$13 $7  
Craig Harris forex Education and Indicators Craig Harris forex Education and Indicators
$18 $13  
5 out of 5 Stars!
XLT - Forex - Trading and Analysis Sessions XLT - Forex - Trading and Analysis Sessions
$20 $9  
Trade Station 9 Ts9  Build 8949 Full version plus Larry Williams Protege course manual Trade Station 9 Ts9 Build 8949 Full version plus Larry Williams Protege course manual
$11 $9  
Elwave 9.5 combine ELWAVE 9.2 with GANN TRADER V 3.007 software Elwave 9.5 combine ELWAVE 9.2 with GANN TRADER V 3.007 software
$33 $26  
Master candle indicator-forex candlestick indi Master candle indicator-forex candlestick indi
$11 $4  
Catching Trend Reversals plus TREND RIDER indicator Catching Trend Reversals plus TREND RIDER indicator
$20 $13  
FULL VERSION Pyramid EA V5 with Pyramid EA V3.2MA FULL VERSION Pyramid EA V5 with Pyramid EA V3.2MA
$15 $11  
Instant FX Profits Workshop Krishore M Instant FX Profits Workshop Krishore M
$13 $11  
5 technical signals in trading 5 technical signals in trading
$35 $18  
EA - NEWS FOREX EXPERT ADVISOR=TRADING SYSTEM for MT4 EA - NEWS FOREX EXPERT ADVISOR=TRADING SYSTEM for MT4
$33 $9  
Nial Fuller’s Price Action Forex Trading  video Course Nial Fuller’s Price Action Forex Trading video Course
$33 $26  
Bill Poulos Quantum Swing Trader  bonus  ZigZag ws Chanel + UT FAST Bill Poulos Quantum Swing Trader bonus ZigZag ws Chanel + UT FAST
$11 $9  
FXUltraTrend Indicator FXUltraTrend Indicator
$11 $9  
{Available Now}ShredderFX traders program with bonus {Available Now}ShredderFX traders program with bonus
$13 $6  
Ddfx Forex Trading System Ddfx Forex Trading System
$11 $9  
The Institute of Order Flow Analytics – Intensive Boot Camp 5 Day Course The Institute of Order Flow Analytics – Intensive Boot Camp 5 Day Course
$33 $26  
Forex Mentor High Reward Low Risk Forex Trading Strategies Forex Mentor High Reward Low Risk Forex Trading Strategies
$20 $11  
Guy Cohen - Illuminati Trader Guy Cohen - Illuminati Trader
$178 $8  
All MetaStock Add Ons full All MetaStock Add Ons full
$121 $77  
Larry Williams The Secrets of Short Term Trading with Hawkeye Indicators for Tradestation Larry Williams The Secrets of Short Term Trading with Hawkeye Indicators for Tradestation
$18 $8  
Elliott Wave MT4 Indicator Elliott Wave MT4 Indicator
$13 $8  
{{Lars von Thienen – Decoding the Hidden Market Rhythm eBook and Script} {{Lars von Thienen – Decoding the Hidden Market Rhythm eBook and Script}
$18 $6  
scalping indicator from Karl Dittman 100pipsdaily bonus Web Trading System scalping indicator from Karl Dittman 100pipsdaily bonus Web Trading System
$26 $9  
Trading the Elliott Waves Winning Strategies for Timing Entry and Exit Moves Trading the Elliott Waves Winning Strategies for Timing Entry and Exit Moves
$11 $10  
Forex Scalping Expert Advisor STOMPER Portfolio Forex Scalping Expert Advisor STOMPER Portfolio
$13 $6  
 

McDaddy Trading course Price Behavior

McDaddy Trading course Price Behavior
Click to enlarge
Price: $18 $15
Availability: In Stock
Model: 102
Manufacturer: Missionforex
Average Rating: Not Rated

Video Training McDaddy Trading course -Price Behavior
 

This is the recording of his FxStreet Webinar:
FXstreet.com: Live Sessions Archives - An introduction to Price Behaviour (Part 1-4)
this course is by Mike Baghdady the winner of The World of Trading Show, traders' competition held in Frankfurt on November 13th 2009. Mike used the methodology called The Power of Price Behavior to beat all other finalists including exhibitors at this year's show

you can see him on Fxstreet.com

more than 4 hours training in video lesson
A Study of price Behavior
Expert: Mike Baghdady, Head Trader at SpyGlass

Topics to be covered during the session:
What creates trading opportunities
Behavior of Trends
Who is Mike Baghdady?
Mike Baghdady is a 25 year veteran of the financial markets. He is a graduate of the American University at Cairo in Egypt. He is a Market Technician Association member and has held NASD licenses series 3, 7, 55 and 63.

Mike began his career as a physical grains trader in a commodity trading house. In 1989 he moved to New York and can proudly boast as being one of the fortunate few to apprentice at the hands of Mr. Alan R. Shaw CMT, widely considered the father of modern Technical Analysis at Solomon Smith Barney. Since then he worked as a Commodities broker, Stock broker, Futures analyst, Options trader, and as an instructor for both Foreign Currency Exchange and Equities Markets.

Mike has had extensive experience in teaching and mentoring hundreds of traders. His financial acumen and love of teaching fosters a unique symbiotic relationship for both his students and himself.
Session Material:

Introduction:

In this presentation I will try to show how a proper understanding of price behavior can assist the new trader to stay on the right side of the market and avoid some possible whipsaws. I will discus the Behavior of Trends, What creates trading opportunities; the questions a Technical Trader should ask before taking a trade.
By Understanding the price behavior and proper implantation of technical indicator, and developing the skill of combining multiple time frames a trader can eliminate at least 50% of his losing trade I will also share a proprietary trading technique which I teach at Online Trading Academy".

A Study of Price Behavior

Price Behavior and analyzing Price Structure are some of the most important aspects of Technical Analysis and of trading, and yet they are the most overlooked. Understanding Price Behavior and Structure will put the ODDS on the trader ™s side so that he can make better decisions, trade more successfully and with better results.
Today, more and more traders and sophisticated investors use some type of technical application that he or she use in their investment or trading decisions.  Trading has become a function of taking buyer and seller signals off technical indicators rather than applying the basic principles of Technical Analysis and the study of price behavior and chart structure.


I know that FXStreet.com  audiences are a very sophisticated group of traders, and we also have a large number of aspiring new traders attending today  session , so I will try to present the material in a way that is clear to the novice and  the experienced alike.
This session is too short to completely cover this topic in detail as:

Today I will be focusing on Trending Markets
How to study Price Behavior & Structure?
There several rules and as simple as they may seem, they are the tenants of TA
1) The Market is a discounting mechanism, events are usually discounted in advance with movements likely the result of the so called  Smart Money  or the  informed  buyers and sellers.

2) Price moves in trends, trends move in waves   we have  impulse  waves in the direction of the trend, followed by  countertrend moves  better named  corrective waves .

(Just by accepting this simple truth that prices NEVER move in a straight line, you will stop trying to pick tops or bottom and view the corrections instead as an opportunity to take a trade in the direction on the trend)
3) Trends are created by an imbalance in supply/ demand and that moves price.
4) Usually, movements in the market tend to have a relationship to each other.  Price will alternate between areas where prices have been marked up to a new higher level or marked down to a lower level, and after a big move in either direction price will consolidates at that new price level  (see Fig 3)


5) Trends usually begin from low volatility sideways or contracting price zones. Trends start from an area of price equilibrium. Once there is an increase in demand, prices breakout of this equilibrium area and are bid higher or  marked up  to the next level where the market consolidates at the new equilibrium zone. ( the opposite is in a down market)
6) Trends do have greater odds of continuation rather than reversal. A trend in motion will tend to continue in motion until a major event takes place that would cause it to change its direction.
7)  Trends in most cases do not change direction without giving signals or warning signs that it is about to change. These signals are usually a price patterns and sometimes accompanied by a buy or sell Climax. It takes time for a trend to change.
8) Momentum precedes price, this is a very important concept. I can not emphasize this enough. Momentum is what confirms the trend and it usually precedes the price. Momentum tends to accelerate as the trend develops. So if you are just looking at the chart and see momentum increasing and making new highs or new lows, the odds are that higher prices or lows will probably follow.
9) This breakout out of an equilibrium zone would be evidenced by increase in volatility and momentum until prices reaches the next level of equilibrium where volatility will decline and momentum will decrease.
10) A loss in momentum is NOT a sign of trend reversal, it is merely a pause. The loss in momentum and volatility is because buyers and sellers now agree to the new established price level or the new level of equilibrium. They will continue to buy and sell within a narrow range which is known as backing and filling, thus forming some of the known patterns like triangles, ledges, flags etc.
11) The breakout in between equilibrium zones offers the trader the biggest profit potential.
Let ™s go back and review the charts (fig 1 & fig 2) and let us apply what I have just mentioned above, and together let us decide which trade we should have taken?
Here are some questions we should be asking ourselves:
a) What is the market condition? Trending or consolidating?
b) Is momentum increasing or decreasing?
c) What is the major trend?
d) Do we have a Trend changing pattern and /or a buy /sell Climax?
e) Where is Support & Resistance?


We can answer the above questions?
a) Yes the market is trending up, series of higher highs and higher lows
b) Yes, momentum was increasing all the way to the top. You can see that the blue price bars have bigger ranges and are more explosive in the direction of the trend, the magnitude of the price swings are bigger in the direction of the trend than the corrective swings; thus indicating that higher prices will follow.
c) The major trend is up
d) Yes, at the top, we do have a buy climax followed by a failure of prices to make higher highs, prices then gapped down taking out support. That would be our  First signal that trend has changed and for us to go Short


Now let us examine the next swing down Box 2 answering the same questions
a) Taking it from the Top  we had a buying Climax followed by a Failure to make higher highs and then prices broke down through support.  The market is now trending down.
b) Momentum is increasing to the downside evidenced by bigger down swings and red price bars. The final push down, as you see, is indicating a loss in momentum   but that does not indicate a trend change   it could be a profit taking area for us    and we would be still expecting  a new lower low to follow .
c) The trend is Down   Lower highs and lower lows
d) The next swing down made a higher low and consolidated at an area marked with low volatility  - Coiling  and followed by a breakout to the upside and an increase in momentum indicating a new trend to the upside.

 

package:
 

http://photohost.lelong.com.my/is.php?i=47366&img=daddy.JPG


 

 

Please use any website below for more information at the lowest price!
http://www.missionforex.com
http://www.mustaqim.org
https://www.facebook.com/InstafxDagang#
---------------------------------------
Join twitter at https://twitter.com/mustaqimforex
---------------------------------------
we thanks for your business remaining always at your service!

best wishes,
admin(email: missionx77@yahoo.com/web@missionforex.com)
contact us at via phone : Whatsapp+60179843428
>>>>>>>Every payment $60,you will get free 7 more products<<<<<<<<<
---------------------------------------

we will send the item at given link to you to let you to download it

forex ,trading
 

best wishes,
admin(email: missionx77@yahoo.com/web@missionforex.com)
contact us at via phone : Whatsapp+60179843428

Write Review
Your Name:


Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.