86 Academy

All lessons at a glance

A compact map of every published lesson, grouped by topic. Open a lesson for its explanation, example, exercise and knowledge check.

Trading foundations 6

  1. Reading a currency pairBeginner · 6 min read
  2. Pips, ticks and position unitsBeginner · 8 min read
  3. Market, limit and stop ordersBeginner · 7 min read
  4. Spread, commission and execution costsBeginner · 8 min read
  5. A repeatable demo-platform workflowIntermediate · 10 min read
  6. Bid, ask, midpoint and apparently different candlesIntermediate · 10 min read

Price action 12

  1. OHLC and candlestick anatomyBeginner · 10 min read
  2. Candlesticks in contextIntermediate · 10 min read
  3. Higher highs, lower lows and trend structureIntermediate · 10 min read
  4. Support and resistance zonesIntermediate · 10 min read
  5. Trendlines and price channelsIntermediate · 10 min read
  6. Breakout, false break and retestIntermediate · 10 min read
  7. Range trading and failed boundariesIntermediate · 10 min read
  8. Supply and demand zonesIntermediate · 10 min read
  9. Elliott Wave: framework and limitsAdvanced · 10 min read
  10. Wyckoff: cycles, tests and evidenceAdvanced · 10 min read
  11. Price gaps and execution riskIntermediate · 10 min read
  12. Liquidity sweeps and failed breaksIntermediate · 10 min read

Chart & candle patterns 10

  1. Bullish and bearish engulfingIntermediate · 10 min read
  2. Pin bars, hammers and dojiIntermediate · 10 min read
  3. Double top and double bottomIntermediate · 10 min read
  4. Head and shoulders and its inverseIntermediate · 10 min read
  5. Ascending, descending and symmetrical trianglesIntermediate · 10 min read
  6. Flags and pennantsIntermediate · 10 min read
  7. Rising and falling wedgesIntermediate · 10 min read
  8. Cup and handleIntermediate · 10 min read
  9. Morning and evening star sequencesIntermediate · 10 min read
  10. Inside bars, outside bars and range definitionsIntermediate · 10 min read

Fibonacci & wave frameworks 5

  1. Fibonacci retracement and anchor selectionIntermediate · 10 min read
  2. Fibonacci extensions and projectionsIntermediate · 10 min read
  3. Fibonacci confluence without double countingIntermediate · 10 min read
  4. AB=CD and the harmonic pattern familiesIntermediate · 10 min read
  5. Fibonacci on linear and logarithmic scalesIntermediate · 10 min read

Technical indicators 13

  1. SMA and EMA: smoothing with a delayIntermediate · 9 min read
  2. RSI: momentum in contextIntermediate · 9 min read
  3. MACD: lines, histogram and lagIntermediate · 9 min read
  4. Bollinger Bands: relative price and volatilityIntermediate · 9 min read
  5. ATR: range without directionIntermediate · 9 min read
  6. Stochastic: where the close sits in a rangeIntermediate · 9 min read
  7. Ichimoku: components and displacementIntermediate · 9 min read
  8. Traded volume and tick volumeIntermediate · 9 min read
  9. VWAP: price weighted by the chosen volumeIntermediate · 9 min read
  10. Divergence: observation before confirmationIntermediate · 9 min read
  11. ADX: strength is not directionIntermediate · 9 min read
  12. Classic pivot points and session boundariesIntermediate · 10 min read
  13. Volume profile, POC and value areasIntermediate · 10 min read

Trading strategies 5

  1. A repeatable multi-timeframe processIntermediate · 7 min read
  2. Multiple timeframes: from context to an executable ruleIntermediate · 9 min read
  3. Scalping: small moves, repeated costsIntermediate · 9 min read
  4. An intraday session playbookIntermediate · 9 min read
  5. Swing trading: the risk of holdingIntermediate · 9 min read

Testing & systematic research 5

  1. Backtesting without hindsight shortcutsAdvanced · 10 min read
  2. A systematic strategy specificationAdvanced · 9 min read
  3. Walk-forward validation: preserving the arrow of timeAdvanced · 9 min read
  4. Algorithmic trading: operational risk before automationAdvanced · 11 min read
  5. Win rate, sample size and uncertaintyIntermediate · 10 min read

Fundamental analysis 10

  1. Central banks and rate surprisesIntermediate · 7 min read
  2. Inflation reports: headline, core and base effectsIntermediate · 7 min read
  3. Employment and the nonfarm payroll reportIntermediate · 7 min read
  4. Growth, GDP and purchasing managers’ indicesIntermediate · 7 min read
  5. Real yields and gold: several competing channelsIntermediate · 7 min read
  6. Carry trades and financing riskIntermediate · 7 min read
  7. Risk sentiment and changing market regimesIntermediate · 7 min read
  8. Market sessions and daylight saving timeIntermediate · 7 min read
  9. Reading an economic calendar responsiblyIntermediate · 7 min read
  10. Currency strength: baskets, weights and quote directionIntermediate · 10 min read

Risk & portfolio management 11

  1. Leverage is exposure, margin is collateralBeginner · 9 min read
  2. Size the risk before the positionIntermediate · 8 min read
  3. Reward-to-risk and break-even win rateIntermediate · 9 min read
  4. Drawdown and the recovery hurdleIntermediate · 8 min read
  5. News events: execution before interpretationIntermediate · 7 min read
  6. Currency correlations and relative exposureIntermediate · 7 min read
  7. Stop placement and trailing exitsIntermediate · 7 min read
  8. Expectancy and the distribution of outcomesIntermediate · 7 min read
  9. Portfolio exposure and stress scenariosIntermediate · 7 min read
  10. Losing streaks and risk of ruinIntermediate · 7 min read
  11. XAU/USD contract size, tick value and account currencyIntermediate · 10 min read

Psychology & routines 3

  1. A journal that separates process from outcomeAdvanced · 8 min read
  2. FOMO and revenge trading: interrupt the action loopIntermediate · 7 min read
  3. A pretrade checklist that can be auditedIntermediate · 7 min read

Markets & instruments 6

  1. Prop programmes versus a personal trading accountAdvanced · 7 min read
  2. Spot, CFDs and futures are different contractsIntermediate · 7 min read
  3. Options and the Greeks: an introductory mapAdvanced · 7 min read
  4. Crypto market mechanics and custodyIntermediate · 7 min read
  5. Index weighting and what drives a benchmarkIntermediate · 7 min read
  6. Order flow and SMC: what the data can supportAdvanced · 7 min read