Chart Pattern: Double Top and Double Bottom

In previous posts I have written about chart pattern; in this post is the double top and double bottom illustrated. The patterns are common patterns.

In general about pattern
Looking at the charts give the traders’ information in which direction the chart is moving in.

If the price increases to a level and falls to a lower level and start again to rise to a higher level; the trader expects the price to fall when the price reaches a certain level.

Reverse are the traders expecting the price to rise if the price level is falling to a certain level and rising to a higher level and falling to a certain level.

The traders have also information about how much they expect the price to fall and rise if the patterns are a described.

Double top
The double top pattern is when the price move’s from a lower point to a higher point and reverses to a lower point and starts to rise and fall as the image illustrates; the pattern is first ended when the price reaches point E.

The traders expect as a minimum the price will fall the difference between D and E as the image illustrates.    

Double bottom
The double bottom pattern is when the price move’s from a higher point to a lower point and reverses to a higher point and starts to fall and rise as the image illustrates; the pattern is first ended when the price reaches point E.

The traders expect as a minimum the price will increase the difference between D and E as the image illustrates.    

What Is the Difference Between Fundamental and Technical Analysis?

In an earlier posts I have written about my article base; in this post is a link to the article “What Is the Difference Between Fundamental and Technical Analysis?”;

The article gives a short decription of the differnces between fundamental and technical analysis; the link to the article is here .

Chart Pattern: The Triangle Pattern

In earlier posts is the diamond chart pattern and the head and shoulder pattern illustrated; in this post is the illustration the triangle pattern.

The triangle pattern
The triangle pattern consists of a support and resistance line; between the two lines are the price line; the line is moving upwards and downwards in a pattern.

If the price development is a triangle pattern the price development will end in a triangle as the images show.

The triangle pattern has different looks depending on the price development.

The ascending triangle
The triangle is called ascending as the price development is rising; the resistance line is flat and the support line is upwards; if the price line is as illustrated the most likely breakout is an uptrend.

The descending triangle
The triangle is called descending as the price development is falling; the resistance line is downwards and the support line is flat; if the price line is as illustrated the most likely breakout is a downtrend.

The symmetrical triangle
The triangle is called symmetrical as the price development is getting symmetrical smaller; the resistance line is downwards and the support line is upwards; if the price line is as illustrated the most likely breakout is almost equal between an uptrend or a downtrend.  

Video illustrating the Triangle pattern
I was on YouTube and found a fellow explaining the Triangle pattern; he also gives some percents of how likely the breakout patterns are.

Chart Pattern: Diamond Bottom and Top Chart Pattern

Earlier I have written about the head and shoulder chart pattern in the post “Trading the Crown or trading head and shoulders”

In this post is the Diamond chart pattern illustrated; the pattern consists of a diamond as the image illustrates and is divided into a bottom and a top chart pattern.

The diamond pattern could give the traders a hint in which direction the price is moving in as it seems like there is a pattern in which direction a breakout moves in after a diamond price movement; just remember that it is the most likely direction it is not sure the price moves in this direction.

Diamond Bottom and Top Chart Pattern

I was on YouTube and found a fellow explaining the diamond pattern; he also gives some percents of how likely the breakout patterns are.

How to find Trading Information on Twitter about Fundamental and technical analyses, Range Trading and Currency pairs?

In the last year I have been written an amount of articles about forex trading; one of the think that have my interest is how to find the trading information and how to find it as easy as possible.

On my article base I have written an article with the title “How to find trading information”; the mindset in the article is on how to find trading information on Twitter; my focus is on how to find information about "Fundamental and technical analyses", "Range Trading" and "Currency pairs”.

Link to the article “Trading Forex Online? How to find Trading Information?”

Link to 36 articles about Forex trading

Social Trading: A new Emerging Phenomenon?

In earlier posts I have been writing about Social Investment Networks also called Social Trading; I have also been written about Social Trading in the articles

• Advantages of Forex Social Trading Networks and What to Consider: Copying a Trader in a Network 
• Benefit From a Forex Social Trading Network: Learn to Trade Forex 

I was on eToro’s website; eToro is the largest social investment network in the world; they have had more than 50 millions trades on their trading platform; out of the 50 million trades were 32 million copy trades which are 64 percent of their total trades.

A copy trade is a trade made by a trader; the position is then copied by others.

Daytrading: 20 Tipps, die ein Daytrader erfolgreich machen

Ich war auf YouTube und habe ein Video gefunden. In das Video sind 20 Tipps dass ein Daytrader erfolgreich macht.

Inhalt des Videos ist

• 0:00 Daytrading – vor und nachteile 
• 9:17 Schütze dein Kapital 
• 12:09 Trade nie Planlos
• 13:30 Öffne nicht zu viele Positionen Gleichzeitig 
• 15:27 Lass Gewinner laufen 
• 17:17 Trade mit auchreichend Kapital
• 22.00 Bilde dich weiter 
• 26:15 Führe eine Trading-Tagebuch
• 28:10 Nutze eine Demokonto
• 30:15 Trade keine zu große Position 
• 32:10 The trend is your freind
• 33:50 Sei nicht gierig
• 35:02 Lass dich nicht frusten 
• 36:05 Werden nicht zornig
• 37:41 Sorge für Ausgleich 
• 38:33 Sei flexible 
•              41:14 DAX vs. WTI Oil
• 44:03 Verlassen dich nicht blind auf die TA
•              45:54 Birger Schäfermeier zur TA
• 46:56 Achte auf Korrelationen
• 48:06 Achte auf Wirtschafkalender   
• 48:53 Kündige nicht einfach deinen Job
• 50:55 Behalten den spaß an Traden  

Note: This post is in German as the video in this post is in German.

What is a trend-following market condition?

In approximately 30 percent of the trading time is the market trend-following; a trend-following market is a market where there is a trend in the price pattern; an example is the pattern in the image

Market condition and indicators
As a service the online trading platforms (an example of a trading platform is Plus500 ) offer indicators to predict the market pattern; some indicators are more useful in a trend-following market and others are more useful in a trend-fading market (link); which indicators fit the two market conditions are in the article “Trade Forex with Indicators” more intensity described.

Plus500 and the 25 Euro bonus
In the posts is the trading Platform Plus500 mentioned as an example of an online trading platform; just for signing up at the platform is a 25 Euro bonus; on the platform are a lot of indicators on hand at the f(X) button above the currency pair graph.

Video in English
More information about Plus500 is on this link to plus500. Please notice that your capital may be at risk trading CFD.

What is a trend-fading market condition?

The Forex market is the most of the time in a fading-market condition; in fact is the market in a fading condition approximately 70 percent of the trading time; a fading market is when the price pattern rise to an extreme high level or reverse to an extremely low and then return to a realistic level 

The image is an illustration of a fading-market condition where the price move to an extreme high and return to a realistic level and then moves to an extreme low and return to a realistic level.
Market condition and indicator
Some of the indicators the trading platforms (an example of a trading platform is Plus500) offer is better indicators in a trend-fading market than in a trend-following market and vice versa. In the article “Trade Forex with Indicators” is more written about which indicators and which markets condition they fit best in.

Plus500 and the 25 Euro bonus
Plus500 is a simple and user-friendly trading platform; download the platform and receive a 25 Euro bonus; no deposit is required to get the 25 Euro bonus.

Information about the trading platform is available in different languages; it only takes a few minutes to download; the indicators are at the f (x) button above the currency pair graph on the trading platform.

Video in English  
More information about Plus500  is on this link to plus500. Please notice that your capital may be at risk trading CFD.