Summer School

Take your technical analysis and chart reading skills to another level by learning Heikin Ashi, Elliott Wave Theory and harmonic price patterns.

1. Heikin Ashi

Have you closed out a trade, only to see price keep going in your favor? Heikin Ashi is a different kind of Japanese candlestick chart that rearranges how price is displayed so traders know whether to continue to ride the trend or get out.

  1. What is Heikin Ashi?
    Learn what Heikin Ashi is and how this trendy candlestick chart can help traders who like their prices smooth.
  2. Heikin Ashi Candlestick Chart vs. Traditional Japanese Candlestick Chart
    Learn the difference between Heikin Ashi candlestick charts versus traditional Japanese candlestick charts.
  3. How to Calculate Heikin Ashi
    Learn how Heikin Ashi candlesticks are calculated.
  4. How to Use a Heikin Ashi Chart
    How do you use Heikin Ashi? Learn how to use and read a Heikin Ashi candlestick chart.
  5. How to Trade Using Heikin Ashi
    How do you trade Heikin Ashi? Learn how to trade forex and other markets using Heikin Ashi charts.
  6. Limitations of Heikin Ashi
    Heikin Ashi is great for identifying trend direction and trend strength but it does have some weaknesses and limitations.
  7. Heikin Ashi Cheat Sheet
    Here’s a summary of what you need to remember about Heikin Ashi. We review what Heikin Ashi is, how to calculate Heikin Ashi and the advantages and disadvantages of using it.

2. Elliott Wave Theory

Have you ever heard of a charting technique that actually takes into account market psychology? If you haven’t, it’s time for you to get to know Mr. Ralph Neison Elliott.

  1. Elliott Wave Theory
    Amidst all the chaos in the market, Mr. Elliott found order. The Elliot Wave Theory gives us a way to identify highly probable points where price is most likely to reverse.
  2. Impulse Waves
    According to Elliot, a trending market moves in a 5-3 pattern. Find out what that means here.
  3. Corrective Waves
    The Zig-Zag, the Flat, and the Triangle are all types of ABC correction wave formations.
  4. Fractals: Elliott Waves Within an Elliott Wave
    Always remember that each wave is comprised of smaller wave patterns and that this pattern tends to repeat itself FOREVER.
  5. 3 Cardinal Rules of the Elliott Wave Theory
    Before you jump right into applying the Elliott Wave Theory to your trading, you must take note of the following three cardinal rules.
  6. How to Trade Forex Using Elliott Waves
    Enough jibberjabber – it’s time to see the real thing! Here’s how you can apply Elliott Waves in trading.
  7. Summary: Elliott Wave Theory
    Before you test your Elliott Wave skills in trading, make sure you’ve got its basics down to a tee.

3. Harmonic Price Patterns

If you still think that ABCD and Gartley and the Animals are parts of a nursery rhyme, then you need a lesson on Harmonic Price Patterns!

  1. Harmonic Price Patterns in the Forex Market
    Harmonic price patterns are all about retracements. Let’s jump back into some trends!
  2. The ABCD and the Three-Drive
    With the Fibonacci retracement tool, making pips can be as easy as A-B-C. Seriously!
  3. Trading The Gartley Pattern
    Learn about a super smart dude’s solution to two of the biggest problems of traders: what and when to buy.
  4. 3 Steps to Trading Harmonic Price Patterns
    Trading Harmonic Price Patterns is as easy as 1-2-3! Locate the potential price pattern, measure it, and then buy or sell upon its completion!
  5. Summary: Harmonic Price Patterns
    Harmonic price patterns are all about retracements. Let’s jump back into some trends!