Forex Trading Secrets

Forex Analysts

Looking For Best Forex Broker?

For those of you who really wants to earn money through Forex then you need to study this.

There are 56 Candlestick indicators but we just need to learn 12 out of 56 because the rest of the indicators comes occasionally.

Let’s get started first I’m going to write first 15 very improtant indicators below but if you learn just 12 out of 56 it will helps you a lot. Try to remember their names and we will deeply discuss one by one.

1. DOUBLE TOP
2. DOUBLE BOTTOM.
3. BULLISH HARAMI
4. BEARISH HARAMI
5. HANGING MAN CHART
6. HAMMER CHART.
7. DOJI.
8. BULLISH ENGULFING
9. BEARISH ENGULFING.
10. DARK CLOUD
11. PIERCING PATTERN
12. MORNING STAR
13. EVENING STAR
14. SHOOTING STAR
15. INVERTED HAMMER.

First we discuss Double Top and Double Bottom here I mention one more thing I will try my best to guide you properly therefore I will teach with the help of HD Pictures so you could understand better this way.

1. Double Top Reversal Chart Pattern

Basically we also called this Reversal Chart because it when it occurs the currency will probably moves in reverse direction.
When the currency goes High and comes to low and then again moves upward but doesn’t go higher than first higher level (first time when it moves upward) this is called Double Top.
It always occurs at Top Level And it will change the direction of the currency.

For instance, the particular currency pair will move downward and you need to SELL that pair immediately.

When the currency moves higher level at first time we called it Top one and when it moves upward at second we called it Top second.

It doesn’t matter what ever Candle is whether it is Green Candle or Red Candle but the thing that matters is it follows Double Top. If you learn the above definition carefully you don’t need to
confused anyway.

Below is the Practical Picture that I have taken from my daily chart 15 min EUR/USD Pair on Friday 22 April 2012

 

See Above Picture Carefully and trying to find out the secret behind it. As you can see the first arrow candle which is red (don’t see color just apply Double Top over it).It’s at the top the second candle goes downward you can see clearly in the picture and then what happened next the third candle again moves up and we got Double Top Signal.

Look at one more Example this is another practical which I got from my daily 15 min chart EUR/USD Pair.

Yes we got best Signal here. We got strong Double Top Signal look at first Green Candle it is in up higher director and the second candle shows the price gone down then the next green candle shows the price again moves upward which is the strongest Double Top Signal and see what will happens next.
You could probably make 500 pips here.

2 . Double Bottom Reversal Chart Pattern

Folks Double Bottom is just opposite to the Double Top.If you have learnt Double Top you don't even need to look at it anyhow I will explain it to you.

Yes Actually we also called this Reversal Chart because it when it occurs the currency will probably moves in reverse direction.

When the currency goes Downward and comes to High and then again moves Downward but doesn’t go lower than first Support level (first time when it moves Downward) this is called Double Bottom Chart.

It always occurs at Bottom Level And it will change the direction of the currency.
For instance, the particular currency pair will move Upward and you need to Buy that pair immediately.

When the currency moves Down level at first time we called it Bottom one and when it moves

Downward at second time we called it Bottom second.

Look at one more Example this is another practical which I got from my daily 15 min chart EUR/USD Pair.

Happy Trading!