What is Butterfly Harmonic Pattern?
Last Updated on Friday, 13 January 2012 12:49 Written by FxTT Content Department Friday, 13 January 2012 12:48
Butterfly is one of the reversal harmonic patterns. It is a very strong reversal signal. This pattern was discovered by Bryce Gilmore and Larry Pesavento. According to these guys, this pattern is nearly 80% accurate. Figure 1 shows the two variants of Butterfly pattern. This pattern may look like Gartley pattern but it is not [...]
MoreWhat is Bat Harmonic Pattern?
Last Updated on Thursday, 22 December 2011 05:20 Written by FxTT Content Department Thursday, 8 December 2011 08:06
Bat harmonic pattern is a fairly recent pattern it was discovered by Scott Carney in 2003. Bat pattern is one of the reliable reversal harmonic patterns. This pattern is distinguished from other pattern by its Fibonacci ratios. In this article, we will look in detail about these ratios that define Bat Pattern. Bat pattern, as [...]
MoreBears are facing the 1.5271 level on GBPUSD
Last Updated on Monday, 28 November 2011 10:35 Written by FxTT Analysis Department Monday, 28 November 2011 10:28
GBPUSD – Weekly Technical Analysis TECHNICAL ANALYSIS REVIEW GBPUSD had been moving down since the major swing high at 1.6746 (the high of 28 April 2011) going all the way down reach the major swing low at 1.5271 (the low of 6 October 2011). Then GBPUSD had bounced back up until 1.6111 (31 October 2011) [...]
MoreHow to be a successful forex trader?
Last Updated on Thursday, 17 November 2011 04:58 Written by FxTT Content Department Tuesday, 22 November 2011 04:54
It is easy to be a forex trader but it takes a lot to be a ‘successful’ forex trader. It is said that only 5% of all forex traders are successful. So is it really hard to be successful in the profession? And what is needed to be one of those 5%? Let’s find out. [...]
MoreHow to Day Trade in Forex Market?
Last Updated on Thursday, 17 November 2011 04:58 Written by FxTT Content Department Thursday, 17 November 2011 04:53
Day trading was not possible for everyone until recent years, but with the help of technology, it is now possible. There are some things you need to check before you start day trading. We will talk about all necessary things required to become a day trader in this article. Prerequisite Time: The first and most [...]
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