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The Butterfly pattern is a harmonic trading reversal pattern that is made of 5 swing points (X,A,B,C and D). The pattern was discovered by Bryce Gilmore and further defined by Scott Carney. Its structure is similar to

Recognizing and drawing key levels are the foundations of technical analysis. Just as you can't build a house\business without first making sure that the foundations are solid, the same goes for learning a new skill. You can't be a rocket science without ...

Fibonacci trading

Who is Fibonacci? What does he have to do with trading? What are the Fibonacci trading tools and why are they so popular among technical traders? If you don't know the answers to these questions, this blog post is for you. The sections ...

About a week ago, a former member of the Elite Zone asked me whether or not he should spend money on an Indicator that he saw online. 

Without getting into specifics about this certain trader ...

Harmonic Trading

A Bat pattern is a harmonic trading pattern that is made of 5 swing points (X,A,B,C and D). The pattern was developed by Scott Carney (book recommendations) and, as in all harmonic patterns; it comes in bullish and bearish variations

To the untrained eye, Bat pattern may look similar to the famous Gartley pattern, but as you will read below there are some significant differences….

New start trading

2016 is almost over and the Holidays Season is practically here already. Last week the market got what it was waiting for – Another rate hike and a hawkish Fed. Now that this rate hike issue is off the table, the markets ...

Ted talk trading

Although most Ted talkers do not talk about trading directly, there are many speakers (great speakers!) and Ted Talks that revolves around topics that relate to trading. Topics like Success and how to manage it, Decision Making, Risk Taking, Power ...

success in trading

What makes a great trader? Marty Schwartz wrote once that "A great trader is like a great athlete. You have to have the natural skills, but you have to train yourself how to use them". I couldn't agree more. Trading the financial ...

Gartley pattern

What is a Gartley?

The Gartley pattern is probably the most familiar harmonic trading pattern out there. It was first found in page 222 in the book “profits in the stock market” (H.M Gartley) and published in 1935. It was first ...

learn to use stop loss

Although stop loss orders may be a topic that most trading blogs will prefer to avoid writing about (as it relates to losses and not to glamorous wins), for me, placing a proper stop loss order is the difference maker between ending up ...

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