Advanced Trading Applications of Candlestick Charting

Candlesticks; used by many...truly understood by few. As a special treat to Trader's Blog readers, Gary Wagner is offering you an in-depth look into candlestick charting. Join the co-founder of Wagner Financial Group and acclaimed author as he walks you through set ups that can your take your candlestick charting to a new level.

In this video workshop you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.

WATCH NOW: Advanced Trading Applications of Candlestick Charting

Best,
The INOTV Team

Practical Applications of Candlestick Charts

This audio lecture along with the downloadable PDF workbook covers and discusses practical trading approaches, including stop placement and trailing levels, risk parameters, money management and the psychology of trading any market with Japanese Candlesticks. The information derived by using this approach can directly influence the day-to-day decision process, which can enhance your awareness of the markets. You will learn the basics of Japanese Candlestick charting, as well as how to combine them with Western technical tools such as trend lines, DeMark Sequential, moving averages, stochastics, and may other standard technical tools.

Developed over three hundred years ago, this method of technical analysis is still relevant and an exceptional addition to Western technical analysis. By combining both approaches to market forecasting, one is able to take the best from both schools. Gary Wagner believes that the outcome from this combination is capable of extending the benefits of any methodology.

LISTEN NOW: Practical Applications of Candlestick Charts

Best,
The INOTV Team

Elliot Wave, Fibonacci and, Candlesticks: Part 2

Today's guest is Gary Wagner of The Forex Gold Forecast who shared shared part one of his unique triple-play of forex gold analysis in a blog post titled, "A New Technical Triad and Gold". In part 2 of his strategy, Gary explores what is now happening in the gold market and what we might expect before fall.

We hope you enjoys today's post and leave your comments for Gary below.

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Where Might Gold Head This Summer

Trading the gold market might look easy when you consider that it has gone up $282 dollars in one year. However anyone involved in gold trading whether it be through Comex, Forex or Eft’s will tell you different.  This is part 2 of a blog which began on May 13, 2010 (you can find that post here).  In part one we spoke about the relevance of using Elliot wave, Fibonacci retracement and candlestick patterns as 3 tools well suited for market analysis and forecasting gold prices. This part two will continue where we left off. On May 13th we were nearing the top of wave 3 in Forex gold. Since that time we have completed that wave, seeing gold trade to a new historical high of first 1248, then after a correction (wave 4) to a new all time high in wave 5 of 1265.

Continue reading "Elliot Wave, Fibonacci and, Candlesticks: Part 2"

Candle Sticks, Gold and a Trader's Journey

Consistent, successful trading requires a systematic approach that you are 100% confident in.  When talking to today's guest blogger and INO TV author Gary Wagner of "Forex Gold Forecast" a few days ago about recent trades, it amazed me how confident he was in his own technical analysis. I thought it would make a good article for the Trader's Blog so I had him write down a few thoughts on trading and how he has utilized his own system.

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Effective trading is a science, but it is also an art. Choosing the scientific models (technical indicators) you wish to combine to create your trading methodology requires a journey. A journey over time, through which by trial and error you will arrive at an approach that is successful. You need to assemble a toolbox of technical indicators like an artist assembles brushes. Just as each brush creates a different effect, each technical indicator reveals distinctive information about the market. Knowing which technical brushes to use and when to use them is essential. It will provide the trader with the tools needed to create an effective systematic approach. Continue reading "Candle Sticks, Gold and a Trader's Journey"