FXstreet.com

MONTHLY WEBINAR - Part 1: The 1-2-3 chart pattern

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Type: Webinar


Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson
Start: Thu, Dec 18 2008, 14:00 GMT
End: Thu, Dec 18 2008, 15:30 GMT
Participants: 95 pre-registered participants

Summary:
Sunil Mangwani will present the FXstreet.com MONTHLY WEBINAR of December.

During Part 1, he will cover the "1-2-3 chart pattern". Part 2 is only for Premium Users and will be about the trend following 200 Moving Average strategy. More info at http://www.fxstreet.com/live/sessions/session.aspx?id=a08efb31-bb66-4878-95ee-9beea19aa955

A chart pattern is a distinct formation on a chart that creates a trading signal, or a sign of future price movements. Chartists use these patterns to identify current trends and trend reversals and to trigger buy and sell signals.

The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio.

When the 123 pattern occurs at the end of trends and swings, they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing.

For any trading technique, one must understand its advantages and drawbacks.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.

Who is Sunil Mangwani?

Sunil Mangwani was key speaker at the FXstreet.com International Traders Conference in October 2008 - Barcelona.

Sunil Mangwani is a Physics graduate with a Diploma in Financial Management. He has been trading the forex market for the last 6 years and devises simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis. He has worked as content provider and article writer with different websites such as surefire-trading.com, TradinStrategies.info and GuppyTraders.com. He has also developed video modules on specialized topics, and has contributed technical articles to different magazines like “Traders” & “The Trading-Journal” & also to the educational sections of websites like Trade2Win. He is registered as a “Pre qualified trainer for trading the Currency markets” on the “Global Expert Base”. He participates in various conferences / trading expo’s such as The “Asian Trader & Investor Convention” at Mumbai, ( India) or The International Traders Conference (ITC) 2008 in Barcelona (Spain). He also conducts specialized workshops on technical analysis for select group of traders all over the globe.

He is a consultant to the Multi Commodities Exchange of India, through their associated firm for research & technical analysis - FT Knowledge Management Company. He is associated with “Options University” in Florida, USA and conducts courses on technical analysis for their members.

In his years of trading and experience of teaching technical analysis, he realized that applying technical analysis is not enough to be a successful trader. One can be successful in this exciting, fulfilling and yet demanding business, if and only if, one has a definite plan on how to approach the market. If a trader has an iron clad “Trading Plan” with the 3M’s Method, Money, and Mind, it automatically puts the trader into the top 15% bracket of the winners.

He now conducts special coaching for developing specific trade plans at Fibforex123.com. His vast repertoire of services on this website also includes Live Trading room training, special webinars on educational topics & advanced trading strategies.

Blog: Forexology


Software instructions
HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions. With hotComm you will be able to hear our expert comments dissecting a trade while they show you the graphic resources and the steps they use in their daily trading. This is a fully collaborative tool, so don't hesitate, interaction will be the key to success, by sending your live questions to the experts.
Donwload hotComm CL |  More information |  Help


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