Does Technical Analysis Work?
An honest, balanced look at the arguments, the evidence, and a nuanced verdict.
Dow Theory Explained
The six tenets and the bedrock principles beneath all of technical analysis.
Elliott Wave Theory Explained
The 5-3 structure, the three rules, wave degrees and how to apply the wave principle to forex.
Gann Theory Explained
Gann's angles, squares and time cycles — and an honest look at why the theory is so controversial.
Harmonic Patterns Explained
The Fibonacci-based XABCD patterns that aim to mark reversal zones, and how to trade them.
Market Profile Explained
How TPOs, the value area and the point of control visualise the auction — and the forex caveat.
Prospect Theory
Kahneman and Tversky's theory of how people really value gains and losses — and what it means for traders.
The Dollar Smile Theory
Why the dollar strengthens in both extreme risk-off and strong US growth, sagging in the middle — and its limits.
The Efficient Market Hypothesis
The theory that prices reflect all information — its three forms, implications and criticisms.
The Gartley Pattern
The original harmonic pattern: its 0.618 and 0.786 ratios, and how to trade it.
The Theory of Contrary Opinion
Neill's idea that at sentiment extremes the crowd is often wrong — and why fading it naively is dangerous.
The Theory of Reflexivity
Soros's feedback loop between perception and reality — why markets trend, overshoot, and form booms and busts.
The Wyckoff Method Explained
The Composite Man, the three laws, and the cycle of accumulation and distribution.
Auction Market Theory
Markets as two-way auctions seeking fair value — value, acceptance, balance and imbalance.
Behavioural Finance Explained
How human biases challenge rational-market theory and shape real markets.
Chaos Theory in Trading
Markets as complex, nonlinear systems — deterministic yet unpredictable, with order hidden within disorder.
Dow Theory Market Phases: Accumulation, Participation, Distribution
The accumulation, participation and distribution phases of a primary trend.
The Six Tenets of Dow Theory
Each of Dow's six principles explained — what it claims and why it matters.
Dow Theory vs Elliott Wave: How They Compare
How Elliott built on Dow's foundation, and where the two frameworks diverge.
Financial Bubbles and Manias
The anatomy of a bubble (Minsky, Kindleberger), why they form, and why they're obvious only in hindsight.
How to Count Elliott Waves Without Going Crazy
A disciplined, repeatable process for labelling waves on a live currency chart.
Market Cycle Theory
The four phases of the market cycle — accumulation, markup, distribution, markdown — and why cycles aren't clockwork.
Order Flow Trading
Reading the actual orders (DOM, tape, footprint, delta) — and why it's limited in spot forex.
Primary, Secondary and Minor Trends Explained
The tide, the waves and the ripples — Dow's three scales of market movement.
The Adaptive Market Hypothesis
Andrew Lo's reconciliation of efficient markets and behavioural finance — edges that are real but decay.
The Bat Pattern
The harmonic pattern with a deep 0.886 reversal zone, and how it differs from the Gartley.
The Butterfly Pattern
The harmonic extension pattern where D pushes beyond X, catching reversals at new extremes.
The Crab Pattern
The most extreme harmonic extension, with D at 1.618 of XA far beyond X.
The Fractal Market Hypothesis
Markets as fractal and self-similar, stabilised by diverse time horizons — an alternative to the efficient market view.
The Greater Fool Theory
Why buying overvalued assets works only until the greater fools run out — the engine of bubbles, and its end.
The Minsky Moment
Minsky's financial instability hypothesis — why stability breeds instability, and the road to a Minsky moment.
The Random Walk Theory
The idea that price changes are random and unpredictable, and what it means for trading.
Volume Spread Analysis (VSA)
Reading volume against spread and close to infer 'smart money' — and the forex tick-volume caveat.
Wyckoff Accumulation Explained
The accumulation schematic and its key events, from selling climax to sign of strength.
Wyckoff Distribution Explained
The distribution schematic and its events, from buying climax to sign of weakness.
The Three Wyckoff Laws Explained
Supply/demand, cause/effect and effort/result — the foundation of the whole method.
Wyckoff Spring and Upthrust Explained
The fake breakouts that trap the crowd at the turn — and bridge Wyckoff to liquidity trading.
Elliott Wave Rules and Guidelines
The three hard rules and the soft guidelines — and why the distinction matters.
Impulse Wave vs Corrective Wave: How to Tell Them Apart
Five legs with the trend or three against it — the distinction that anchors every wave count.
Supply and Demand Trading Explained
The zones where price exploded away and tends to react on return — the original order block.
Elliott Wave vs Wyckoff: Two Maps of the Same Market
Wave counting versus price-and-volume range reading — how the two classic frameworks compare.
Elliott Wave Extensions Explained
Why one motive wave elongates, which one it usually is, and how to project it.
Elliott Wave Diagonal Pattern: Leading and Ending Diagonals
Wedge-shaped motive structures that start or end a move — and the one exception to rule 3.
Elliott Wave Zigzag Pattern Explained
The sharp 5-3-5 correction that traders most often mistake for a new trend.
Elliott Wave Flat Correction Explained
The sideways 3-3-5 correction and its regular, expanded and running variants.
Elliott Wave Example on EUR/USD: A Worked Walkthrough
A step-by-step, illustrative walkthrough of counting an impulse on EUR/USD.
Elliott Wave Fibonacci Ratios: The Numbers Behind the Waves
The retracements and extensions that turn a wave count into a measurable projection.
Elliott Wave Degrees Explained
The nested hierarchy of trends, from Grand Supercycle to Subminuette, and why it decides everything.
The Elliott Wave ABC Correction Explained
The three-wave countertrend structure that follows every impulse — and its many forms.
The Elliott Wave Triangle Pattern Explained
The five-leg converging correction that precedes the final thrust of a move.
Is Elliott Wave Theory Reliable? An Honest Assessment
A balanced look at the subjectivity critique and where Elliott Wave genuinely earns its place.