Post

DEFI and How it’s Quietly Shaping the Future

Via Forexop Last updated on May 4th, 2020 There is a quiet revolution going on and it is shaping the way we will work, invest, save and borrow. DEFI is the decentralization of finance and of things and it offers us the ability to trade and monetize our assets more freely than ever before. In...

Post

Central Bank Crypto Currency: Is it the Future of Fiat Money?

Via Forexop Last updated on April 27th, 2020 FedCoins, EuroCoins, BritCoins & Digital RMB Central banks across the world are scrambling to get on the crypto currency bandwagon. The US Federal Reserve, European Central Bank and the Bank of England have each suggested some form of venture into the world of crypto currencies and crypto...

Post

Gold’s Explosive Potential in a Crisis

Via Forexop Last updated on April 20th, 2020 Currency or Asset? For most investors most of the time, gold is just another currency. But in times of turmoil, gold takes on another meaning. It is an asset that is a store of value when prices of other assets are collapsing. It is also a reliable...

Post

Gold and Silver Trading: Should We Trust the Paper Market?

Via Forexop Last updated on April 13th, 2020 The Fiat Monetary System JP Morgan famously said, “Gold is money, everything else is credit”. Much of the modern global financial system is a paper system that relies on trust between counterparties. We assume the money will be there when needed. This is even true of the...

Post

5 Profit Making Cryptocurrency Trading Strategies

Via Forexop Last updated on April 6th, 2020 Let’s face it. Buy and hold (hodling) is not for everyone. If you want to ratchet up those profits, or even create a bit of income from your crypto assets you need to look for something a bit more dynamic. In this article, we will look at...

Post

Crisis Investing: Making Money from Market Chaos

Via Forexop Last updated on March 30th, 2020 Serious bear markets do not come about that often. When they do, they create some once in a lifetime trading opportunities if you are tuned in and aware of history and market cycles. Knowing where opportunities are most likely to arise is essential to surviving and profiting...

Post

Basic Rules for Trading the Harmonic Butterfly

Via Forexop The butterfly is a harmonic chart pattern which you can use to trade possible trend reversals. Relatively new, it was first publicized in the 1990s by Bryce Gilmore and then later by Scott Carney. In this article, we’ll first look at how to recognize the butterfly, how to confirm a good trade setup,...

Post

Advantages of Trading Currency Futures vs Cash

Via Forexop Last updated on June 24th, 2019 One of the questions that a forex trader may ask is should I trade spot or futures? This article compares the differences between trading in the cash market compared to the futures market and looks at the pros and cons of each. Currencies and the Spot Market...

Post

Bearish Crab, Bullish Crab – Trading Systems for Harmonic Patterns

Via Forexop Crab patterns often start to unfold when a market is making its highest high or lowest low in an established trend. These harmonic structures can forecast strong reversals which a trader can exploit with a cautious setup. This article describes a lower-risk system for trading crab reversals using Fibonacci ratios for entry and...

Post

Simple Forward Collar Strategy

Via Forexop The forward collar is a trade-off strategy, with it you give up some upside gains in return for protecting downside losses. With a full collar, the losses and upward gains are fully limited while the structure is in place. When is a Forward Collar Useful? The forward collar strategy is useful when you...

Post

ABCD Patterns – Harmonic Chart Trading

Via Forexop The ABCD is possibly the most widely known chart pattern and is the building block of many others. There are two basic types of ABCD structure. The perfect ABCD is no more than a symmetrical zig zag pattern. The alternate ABCD structure, which is the more common, is not symmetrical but has one...

Post

How to Spot Counter Attack Line Opportunities

Via Forexop What is a Counter Attack Line? A counter attack line happens when there’s a price gap between the close and open of two sessions. The “counter attack” fully reverses the gap taking the price back to the close of the previous session. A bullish counter attack line happens in a downtrend when a...

Post

Fading the Fakeout – How to Trade Against False Breakouts

Via Forexop Unless there’s some change in fundamentals, asset prices don’t tend to change that quickly that often. But sentiment perpetually swings from fear to greed as information and disinformation filter through. The noisy blips even out over time, and when markets are liquid enough they tend to find their fair value. Fading is a...

Post

The Bat Pattern: Harmonic Chart Trading

Via Forexop Bats are five point chart patterns that can signify either a bullish or bearish breakout is building. They are quite similar in appearance to the butterfly and crab but with slightly different ratios. Point D in the bat makes a shallower reversal than the other patterns and should make a retracement of about...

Post

How to use Pyramid Trading to Build on Winners

Via Forexop Pyramiding is a trading system that drip feeds money into the market, gradually as a trend develops. This strategy has several advantages. The two main ones are risk limitation and building on winners. We’ll look at each of these in turn. Risk Limitation with Pyramiding The first and most obvious reason why pyramiding...

Post

Three Line Strike

Via Forexop A three line strike is a continuation group of candlesticks that has three in the direction of a trend followed by a final candle that pulls back to the start point. Traders use the three line strike as an opportunity to buy at a recent trend low or sell at a recent high....

Post

Bullish, Bearish Cypher Patterns

Via Forexop The cypher is a five point harmonic chart pattern, made up of points XABCD. The cypher is easy to spot on a chart because it has a characteristic wave like appearance displaying either rising peaks or falling valleys. You can trade the cypher like other harmonic patterns, by waiting for a reversal at...

Post

To Specialize or Diversify?

Via Forexop Last updated on August 19th, 2019 To reach the level of a profitable trader there are two opposing views. One is that to be successful you have to specialize by trading in one market alone. The other is that the only way to lasting profits is through diversification. Specialize or diversify? © forexop Whether you...

Post

Bullish Cup and Handle Chart Pattern

Via Forexop The cup and handle is a very distinctive pattern that can appear on any financial chart. The standard interpretation of the cup and handle is that it is a bullish sign. It signals a likely continuation in a rising trend.  Cup and handles are common and can appear at any timeframe. What Is...

Post

The ADX Indicator and Its Uses

Via Forexop When you do any kind of trend trading, the ADX is one indicator that you will want understand well. The ADX is especially good at highlighting trends, where they begin and where they’re likely to end. The ADX indicator Explained The Average Directional Movement Index or ADX for short consist of three separate...