the fact that a large number of traders do actually believe in fibs make them a self-fulfilling prophecy. That in large part is how a lot of popular indicators work, just by massaging crowd behaviour. The argument then becomes whether it is possible ...

Are Fibonacci levels overrated?

You don't need to exactly predict the market outcome to be profitable in Forex There is no scientific method to know something in advance in the market with a 100% certainty. There would be no Forex market if you could know the exact currency rates ...

Why it is possible to predict price movement?

Some traders get burned by the blind signal-following. That’s like putting away the whole responsibility for your actions to someone else. That may sound cool, but in reality you end up with the huge losses. Learn to rely on your own knowledge and ...

What are the risks of copy trading?

I have tried harmonic trading 2 years ago and the most annoying problem that faced me is that Harmonic patterns, which develop in different timeframes, may show conflicting signals.you may see a bullish and bearish pattern in two immediate ...

Harmonic trading-harmonic patterns

Some traders regard oscillator divergences as the holy grail of technical analysis But ,The two main problems with divergence is that it often signals a (possible) reversal but no actual reversal occurs - a false positive. The other problem is that ...

Divergence Trading