Forex Term: Continuation Pattern
A forex continuation pattern is any chart consolidation pattern (triangle, wedge, flag, etc) that indicates the price will continue in the direction of the trend. Source: Forex Term: Continuation...
View ArticleForex Term: Ascending Wedge
An ‘ascending wedge’ is a bullish continuation pattern that is formed when both the top resistance line and bottom support of the consolidation pattern slope upward as in the example below. Ascending...
View ArticleForex Term: Descending Triangle
A ‘descending triangle’ is a bearish continuation pattern and consolidation pattern that indicates the price will continue in the direction of the previous trend. It often times accompanies a flag pole...
View ArticleTrading False Signals with Candlesticks
A ‘false signal’ in trading is any trading signal that does not result in the expected or desired outcome. So, for example, a bullish doji that does not result in a bullish reversal. To effectively...
View ArticleWhich time zones do most forex traders user?
There is no reliable data out there on how many traders use which time zones, but many large institutions use UTC time even though a good number are located in the US East Coast time zone. However...
View ArticleForex Term – Flag Pattern
Flag patterns are a reliable continuation pattern that is characterized by two parallel lines (i.e. a channel) that goes against the trend, and is preceded by a large drop or rise which is commonly...
View ArticleForex Term: Gap Trading – what is a gap?
Gaps occur in trading when the open price of a candle occurs below or above the close price of the previous candle. In less liquid markets like stocks gaps can occur constantly throughout the trading...
View ArticleGet email alerts sent as text messages
This page has been moved! Please view the new page here! Source: Get email alerts sent as text messages Forex signals from: PipHut.comSource: Get email alerts sent as text messages Forex signals from:...
View ArticleHow to read PipHut’s Take-Profit (TP) levels
As a follower of PipHut you have probably seen us write our targets like this: “Targets at 20/25/30/25 pips for 100 pips profit”. What does this mean? This means that Target 1 is at 20 pips, Target 2...
View ArticleWhat percent of forex traders make money? Is trading forex profitable?
I get asked these types of questions a lot, so I decided to dig into some of the publicly available records from the brokers themselves, at least in the U.S. where brokers are required to report on...
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