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Head and Shoulders Chart Pattern

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Description of the Head and shoulders

Head and shoulders is one of the promising and reliable chart patterns that are most likely used for both expert Forex traders and beginner traders with little experience in the market. There are plenty of charting patterns found in the forex market, but the head and shoulder pattern reflects the synopsis of the human being. Hence it is described as head and shoulder charting pattern. Novice traders will find this charting pattern quite difficult, but practice will make a man perfect. With little proficiency, the traders could distinguish this pattern visibly.
Like every other similar pattern, the head and shoulder pattern is framed with 3 rallies where the rally in the middle remains the highest known as the head flanked with 2 small rallies known as the shoulders. This formations is the opposite of the head and shoulders inverted.

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Affiliate Program ETX Partners

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ETX Partners is an affiliate program implemented by the broker ETXCapital (regulated by FCA in United Kingdom) in order to promote their services and acquire new customers (traders) through affiliates, which have at their disposal different marketing tools based on Internet, that this program has been designed for this purpose.

Thus, ETX Partners is an excellent option for those webmasters who are interested in monetizing a website whose topic is related to financial markets and especially with Forex, CFD and binary options as this broker offers these instruments for trading purposes.

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Disparity Index Indicator

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The Disparity Index is a technical indicator that measures the relationship between the current price of an asset over its moving average. Its development is attributed to Steve Nison based on his book Beyond Candlestick.
The Disparity Index can take positive and negative values​​. A positive value indicates that the asset price is increasing rapidly, while negative values ​​indicate that the price is falling. A value of zero indicates that the current price of the asset moves in line with the moving average.
When the Disparity Index crosses the zero level that reflects a rapid change in price direction and thus it can be taking an early indicator of increased momentum (force) in the direction indicated.

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Binary Options on weather

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Currently financial markets allow to speculate virtually on anything, including the weather. The weather derivatives have become a lucrative and exciting relatively new market. Although most people make comments regularly on the state of climate and how it can affect their lives, almost no one stops to think about the possibility to speculate with the weather. This has changed with the introduction of derivatives as binary options on weather by the CME (Chicago Mercantile Exchange).
With the introduction of the range of Futures and Options on the CarvilHurricane index (CHITM), traders are now able to speculate about the state of the climate in order to obtain a financial return. Like traditional binary options, binary options on weather allow the trader to get a fixed payment if the option closes In The Money. And like traditional binary options, these derivatives offer both call options and put options.

ETX Capital – Forex and CFD Broker

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ETXCapital – Broker Review ETX Capital is a regulated broker from United Kingdom which specializes in providing services to trade with a wide variety of financial instruments, including Forex, Contracts for Difference (CFD), Binary Options and Financial Spread Betting. In this sense, this broker offers a lot of products from a wide variety of markets for its customers. ETX Capital … Read more

The Consumer Price Index (CPI)

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General Definition

The Consumer Price Index or CPI is a measure that estimates the average price of consumer goods and services. The CPI measures the price change for a set of market goods and services from a fixed term until the next within the same area, be it a city, region or country. This is a monthly figure, which always refers to the previous month in which the Bureau of Labor Statistics issued the report.

The Bureau of Labor Statistics of the U.S. measures two kinds of CPI statistics:

  • CPI for urban wage earners and administrative staff (CPI-W).
  • CPI for All Urban Consumers (C-CPI-U).

Of the two types of CPI, it is considered that the latter is the most representative of the general population, accounting for 87% of the population of the country.

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Forms to use Fibonacci in Forex

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The Fibonacci indicator is a very powerful tool in Forex trading. It provides important levels that can be used individually in conjunction with other indicators and methodologies such as Candlestick Patterns, Price Charts, RSI, MACD, Momentum etc, and that levels can be used to establish entry points, Stop loss levels and Take Profit levels.

The Fibonacci indicator can be plotted over any time frame including 5 min, 1hr, 4hr, daily etc.

The traditional way to plot and analyze the price with Fibonacci involves looking back at the historical prices to identify the most important highs and lows. Depending on the temporality that is used to trade the market this would involve seeing more historical data to locate those levels that will be the reference to the Fibonacci retracements and extensions. The convergence of different Fibonacci levels can occur if the levels are placed on graphs of different Time Frame, when doing this can exist a convergence and the level become more relevant.

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Trading system with 1-2-3 pattern and Bollinger Bands

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In this article we will explain a trading strategy that combines the use of Bollinger Bands and the 1-2-3 pattern, a very powerful chart pattern used by many traders in a variety of markets. It is a simple strategy as we shall see below, however, it requires mastery of a number of theoretical concepts that we will explain below.

The 1-2-3 maximum that originate in the upper bollinger band or moving average line (center line of the Bollinger Bands) and the 1-2-3 minimum which originate in the lower bollinger band or the moving average line, provide excellent signals that indicate possible changes of direction in the market. Because the 1-2-3 pattern occurs in virtually every market and any time frame, this strategy can be applied to trade in a variety of instruments and time frames, including short, medium and long term.

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Durable Goods Orders Indicator – Definition and Relevance

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Durable Goods Order definition

The Durable Goods Orders report is an economic indicator that reflects new orders placed with domestic manufacturers for delivery of durable goods (hard goods) from the factory, in the short term or in the future. This is a monthly published data, which always refers to the previous month in which the Department of Commerce’s Census Bureau issued the report.
The term durables goods applies to those who are expected to have a duration of more than three years. The report Durable Goods Orders comes in two monthly emissions:
  • The progress report on durable goods.
  • Manufacturers’ shipments, inventories and orders.

The reports are broken down by industry, which serves to eliminate the effects of a single volatile industry such as defense spending.

Affiliate program Trade24 Partners

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Trade24 Partners Review Trade24 Partners is a Forex affiliate program, which was created by the Forex and CFD broker Trade24 to promote their services and acquire new customers through affiliates who use multiple marketing tools that the program offers and are based mostly in Internet. Like other similar affiliate programs is a good option to monetize web sites and blogs … Read more

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