Trading With Stochastic Oscillator

So far we have a lot to discuss about forex that can allow you to read forex charts and predict the price direction. This time we are still going to discuss about indicators of technical analysis. If yesterday we talked about the trend indicator, so now we switch to oscillator indicators, used to determine areas of overbought and oversold. And the first oscillator indicators to be discussed...

Trading With Parabolic SAR

We return to discuss the trend indicator is used to determine the ongoing trend or predict future trends. Parabolic SAR is an indicator that will be discussed this time. In 1978, J Welles Wilder introduced the Parabolic SAR. SAR stands for Stop and Reverse. In essence, this indicator can be used to determine the point of Stop Loss in trading. During its development, Parabolic SAR is one of the indicator...

Trading With Moving Average

Moving Average (MA) is a trend indicator that is used to determine the trend is going at the time. Based on data from the candlestick in the past, we can predict future prices by looking at MA indicators. How I get the MA indicator? Relax, I'll show you how the way. Let open your trading terminal! Img 1 (by. Weihome Team) White line passing between the candlestick is a moving average. MA have...

Preparation of Technical Analysis

You already knew that a lot of treasures that are stored on your forex charts. And you need a map to get it. But you have to remember, besides there are many hidden treasures, forex has pitfalls that can make lose your money. if you potentially get a greater treasure, then the losses would be greater too. Do not forget that. In this season, we will discuss about technical analysis. Yes, the technical...

Candlestick Pattern 2

Now we go to episode 2. Yes, we still talk about candlestick patterns that would be a pointer where the treasure is located. Of course, with noticing to the patterns that formed earlier. Double Candlestick Pattern Bullish Engulfing is a reversal from a downtrend to an uptrend. Bullish Engulfing has two candlesticks, where a bearish candlestick followed by bullish candlestick which...

Candlestick Pattern

So far we have learned about Forex such as read forex quotes, etc. The next treasure map can be found in candlestick pattern itself. Yes, the candlestick will gives us a sign to dig up a treasure trove. Do not believe? Take a look at the patterns that occur in the candlestick. BASIC CANDLESTICK PATTERNS Spinning Tops Having a small body. Means to have a small movement from open to...

Overbought and Oversold

Now we get to the point of technical analysis, a term named as Overbought and Oversold. Overbought and Oversold is the state price that can no longer continue the trend because it was too expensive or too cheap. These are different with the support and resistance which is a psychological level which basically is just an unofficial agreement among fellow traders, overbought and oversold is a common...