– Part 1: Introduction to Basic Trendline Analysis
– Part 2: Introduction to Basic Pitchfork / Median-line Analysis
– Part 3: Introduction into Multi-Time Frame Analysis
– Webinar- Foundations of Technical Analysis: Trendline & Slope Analysis
See the methodology & tools utilized in training, Join Michael because of his Weekly Strategy Webinar on Monday mornings.
In this bi weekly webinar show on the Foundations of Technical Analysiswe discuss the method of constructing a simple trade arrangement. Within this sessionwe review how touse slope-lines and convergences in flat reinforcement / immunity to recognize key reaction amounts at price. We also disuscussed the simple notion of opening-ranges.
In this practice we dressed up a EURUSD graph from scratch, working our way down by the weekly, into the daily and to the 4hour graph. We moved to depth on the usage of launching ranges as an easy manner of offering additional certainty on our near-term vertical prejudice. This analysis of price activity can be used on multiple time frames and certainly will be a fantastic addition to a trading plan.
We discussed how to spot aspects of confluence support / immunity because key reaction points at price. All these convergences of incline with moving-averages, key highs/lows or significant Fibonacci degrees could times offer you opportunities, as seen throughout the current webinar.
A review of this hottest EURUSD & USDCAD installments published earlier this past week highlight live samples of exactly how exactly we broadcasts this kind of investigation to interpret an idea in a qualitative trade.
- EUR/USD Rally Vulnerable Ahead of NFP- Pullback to Offer Opportunity
- USD/CAD Price Action Primed to get NFP, Canada Employment
In future webinars we are going to be talking how to incorporate fundamental incline analysis with various overlay & endings signs, classic candlestick configurations and suitable risk management to generate an even more holistic trading strategy. The following week, we will go over the utilization of Fibonacci retracements and extensions. Go here to register for free!
Want more info on technical trading techniques? Have a look at our Free Forexnewstv Trading Guides!
–Written by Michael Boutros, Currency Strategist using Forexnewstv
Follow Michaelon Twitter @MBForex touch him in [email protected] or Click Here to be added to his own email distribution list.