OSCILLATORS AND TREND FOLLOWING INDICATORS IN FOREX TRADING

For the purpose of this lesson, let’s broadly categorize all of our technical indicators into one of two categories:

1. Oscillators 
2. Trend following or momentum indicators

Oscillators are leading indicators.

Momentum indicators are lagging indicators.

While the two can be supportive of each other, they’re more likely to conflict with each other. We’re not saying that one or the other should be used exclusively, but you must understand the potential

pitfalls of each.

Pattern Schmatterns

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By now you have an arsenal of weapons to use when you battle the market. In this lesson you will add yet another weapon: CHART PATTERNS!

Think of chart patterns as a land mine detector, because once you learn this, you will be able to spot “explosions” on the charts before they even happen, making you a lot of money in the process. 

In this lesson, we will teach you basic chart patterns and formations. When correctly identified, it usually leads to a huge breakout or “explosion” in this case.

Here’s the list of patterns that we’re going to cover:

• Symmetrical Triangles
• Ascending Triangles
• Descending Triangles
• Double Top
• Double Bottom
• Head and Shoulders
• Reverse Head and Shoulders