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Tag: candlestick chart

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Forex Ebook : Using Candlesticks for Support-Resistance

In this ebook John H Forman explains how candlestick charting can be used for a typically Western technical analysis strategy. This is actually intended for stock and commodity trading but I think the principle could be applied on forex trading.
Observation is the best friend of the technical analyst. By watching the markets, John noticed something [...]

Pivot Point

Speaking of pivots, I know two terms which explain pivot in different perspective. First is Pivot point and the second is Pivot Lines. Recently, when people discuss or mention ‘Pivot‘ it usually refer to Pivot Lines. Even, I have read somewhere a term of ‘Pivot Point‘ refers to Pivot Lines.
It is ok if the current [...]



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