Hope this clears things up a bit. Let me know if you have questions or something is not clear in the screenshot.

Example of corelation use I mentioned corelation a while ago as a means of improving odds. Here is a H8 (8 hours) chart of the US Dollar Index over the last 40 days. We're at demand, low on the curve, with good odds of price going up to 80.50. There ...

How to identify core residual energy (potential supply/demand) on a price chart Sometimes, these consolidation areas will be too wide, making the risk too big for us if we entered a trade while placing our stop on the other side of the area. This ...

Disecting residual energy on a price chart Now it's time for the dirty business! The first step to making use of the principles we just discussed is to figure out how to spot residual energy on a price chart. Here are a few ideas: 1. High residual ...

A simple shift in perspective If you take a long position, you're a bull. If you take a short position, you're a bear. That's common knowledge for traders. And it's kinda' wrong! Let me explain. If Trader A is LONG the EURUSD, what is he now looking ...

Order flow 101 Let's look at the behaviour of traders and how the order flow shapes the markets. Let's say the iPhone 5 is perceived as being expensive above the price of 500$ and cheap below 300$. The current price is 450$. The people perceiving ...

The two energies There are two factors, forces or energies (whatever you want to call them) driving prices in any given market. Let's talk about them, one by one: A. Residual energy If you play with a piece of iron and a few magnets frequently, ...

Why does price move up, down or sideways? What you see on your charts is simply a picture of all the FILLED orders. The market is nothing else but the dynamic of buy versus sell orders, the flow of supply and demand. What is supply and demand? ...

Free risk management tool just released on my website (click here to read more and download). It's an MT4 script allowing you to calculate lot size so that you risk a fixed dollar amount per each trade. This is one of the good ways to manage your ...

pt49, 1. no manual trading system is profitable unless the trader consistently follows the rules and has mastery over himself, which is why I never bragged about percentage gains in here. 2. the way I trade is my personal style, a discretionary ...

When we begin trading, it's very easy to lose. But who likes easy stuff? We need to be challenged, so that we can be proud of our achievements. So, the ultimate goal of the professional loser should be to make it harder and harder for himself to ...

High probability trading: read more about it here Also, it's Black Friday today, so here's the deal. When you sign up for a free account at the Top Lessons in Forex site, you're elligible to win a one week daily 1/1 coaching session, tailored to ...

Not much action on the EURO today. I only took a scalp long for 9 pips. We're at an H1 resistance level, but it had quite a few touches, so it will probably break today or tomorrow. Only one major news release today in approximately 35 minutes, so ...

Hi, traders, Another week has passed. I'm pleased to announce that Brilliant Charts is at the third revision already, after just one month since the release. We've made a series of important tweaks and additions and the current users are enjoying ...

Hi again, Here's a cool EURUSD daily template you can use to see where the major areas of supply and demand are for this currency pair, based on market geometry. It's attached to this post. Enjoy!

Upside? — Our Nostradamus Forecast seems to be pointing to a bigger retracement to the upside on the EURUSD. We are also at a significant Daily support level (1.2750 - 1.2760). Take caution with your trading today, as we have the US ...

Significant updates — Just released some significant updates to the Brilliant Charts users. More information on the Top Lessons website.