How to Trade Using Multiple Strategies

Euro and dollar

A trading plan offers traders many choices and options, as discussed in previous articles. Here are the core elements each trading plan should incorporate: TOFTEM model Trade management Risk management Money Management Trading psychology And many more (read here about how to build a strategy) […] Read more »

Currency Pairs with the Most Reversal Potential

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The AUDCHF uptrend has done a pretty job this entire year. Ever since the currency pair built an inverted head and shoulders reversal chart pattern (and ended the downtrend), the AUDCHF has been consistently building on higher highs and higher lows for a well established […] Read more »

Big Trend Warning on USD Part 2

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At the end of July we posted an article that warned for a potential big trend on the US Dollar (Big Trend Warning: the US Dollar Ready for Major Lift Off in 2nd half of 2014). Although more confirmation is certainly required, that forecast from a […] Read more »

1500 Pip Breakout Potential on USDJPY

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Not so long ago we wrote about how choppy the month of August usually is, and this year does not seem to be an exception to the rule. Today, however, an interesting breakout scenario has occurred on the USDJPY that certainly attracts our attention. A similar […] Read more »

110 Day GBPAUD Bear Flag Breaking

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The GBPAUD is in the process of continuing its downtrend which makes it an interesting candidate for today’s post. The GBP has been dropping steadily throughout the month of August (more info here) – and we can see the same pattern against the Australian Dollar. […] Read more »

Why Decision Spots Define the Forex Market

Decision spots or points are a great tool for all Forex traders because they provide solid entry and exit points. They also allow traders to understand the charts and technical analysis with more depth. Having an understanding of decision spots will also offer traders various […] Read more »

Analysis of the Yen: Opportunity for Trend Traders?

The Yen has marginally strengthened across all currency pairs, but the largest gains were posted against relatively weaker currencies this week such as the Swissy (CHF) and Loonie (CAD). Today’s post will review the CHFJPY and CADJPY and evaluate whether the downtrends provide an opportunity […] Read more »

Daily Analysis of EURUSD and GBPCAD

As some people in the banking world take a few days off to enjoy the summer (in the northern hemisphere), the market does continue to offer a few trends. An example of a strong trend has been the EURUSD: yesterday’s price action saw yet another […] Read more »

July Candles Show Pip Potential on GBPCHF and EURCAD

The Great British Pound has been in a grand and major uptrend for more than a year. But the Pound trend has recently been struggling with continuation. An example is the GBPUSD, but it is not the only pair with bearish price action. The GBPCHF […] Read more »

NZD and GBP Down Trends Ready For Trade Setup

trading can be confusing

The GBPUSD closed the day on Monday with a decent sized bullish daily candle. Will this turn out to be a retracement for more downside or could traders expect a trend reversal? HOURLY FIBONACCI & S&R With the 4-hour DTT trend indicator marked as red, […] Read more »

A Review of July Trading and Major Currency Pairs

The trading of July is closed which poses a great opportunity to review the weekly and monthly charts. Getting a sense for the long-term direction is important to keep an eye on future trends. EURUSD The EURUSD monthly candle of July was very bearish. Here […] Read more »

Trade Details in EURCAD’s Massive Down Trend

Not many currency pairs are trending due to the usual quietness during the summer. Luckily there are usually a couple of exceptions to this rule; whereas other pairs are close to breaking into a direction. One of those pairs could be the EURCAD. HEAD & […] Read more »

EURAUD Flag & Trend: A “Simple” Target

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As all traders should know, the power of the trend is very mighty… And this force could be ready to be unleashed on the EURAUD! The EURAUD is known for its big trending movements… When this pair starts trending, then every trader wants to pay […] Read more »

2 Methods on Tackling Summer Trading in Forex

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Summer time is hitting the Forex markets fast and hard. Price movements are slowing down and chart patterns appear quicker than usual on the majority of the currency pairs – especially contracting triangles are popular. How can a trader tackle these chart pattern formations? Usually […] Read more »

Why Expectancy is Essential in Forex Trading

There is One Critical Metric that determines whether or not the system/strategy you’re trading is profitable or unprofitable: Expectancy. Expectancy tells you what you can expect to make in return for each trade you place in the market. If your expectancy is negative, it doesn’t […] Read more »

A Simple Yet Profitable Strategy

A well balanced trading strategy and plan is the ultimate key to consistent long-term profitability because it allows traders to capitalize on their edge without emotions day in and day out. Today’s post is presenting to you a profitable and solid trading swing strategy on […] Read more »

EURCAD Trade & Iron GBPUSD Leads to Fireworks

The EURCAD bearishness continues as price pushes yet again to new lower lows. The head and shoulders pattern (purple boxes) and the subsequent break of the neckline (purple line) has introduced 6 weeks of bearishness and the downtrend “party” might not be over as yet. […] Read more »

Why DTT Tools Help My Trading

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The Double Trend Trap (DTT) tools are a tremendous help and support for each and every trader. The reason is simple: the DTT tools offer essential assistance when analyzing the trend, measuring a pullback, and knowing when a decent continuation occurs. Or in other words, […] Read more »

The Winner’s Edge in Trading Psychology

Creating a winner’s edge in trading psychology is a must before substantial growth in trading performance could be expected. Many factors contribute in generating such an edge. However, the two most important topics could easily be discipline and patience. Without a doubt discipline and patience […] Read more »

Creating a Super Cool Trading Mindset

Creating a super cool trading mindset – it doesn’t sound too hard. But there is more to it than meets the eye. Our article today is on creating a focused trading mindset as this is the path which ultimately leads to success. WHAT IS SUPER […] Read more »

Is Teamwork Possible in Forex?

Forex trading is an isolated endeavor. Or, that is what the majority of traders think. This article will take a close look at whether Forex trading can be completed in a group, and what the benefits of a potential cooperation would be. Note: we would […] Read more »