USD Bull Trend Receives Green Light During FOMC

30- 10- 2014 eu

The US Dollar rallied strongly during the FOMC statement on Wednesday. The Federal Reserve (FED) remained confident in the US economic recovery, which greatly benefited the USD against a wide range of currencies. The FED did not imply any potential delay in previous communicated dates and plans, […] Read more »

Why Forex Traders must Embrace the Road Map

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Occasionally you will see a post referring to my prediction of potential big price movements. I did this with the USD strength (here), the Gold weakness (here), the Aussie weakness (here) and the Yen weakness (here). As an analyst and writer it makes sense to […] Read more »

Actively Applying Trend Lines to 4 Forex Charts

27- 10- 2014 ga

During the recent weeks Winners Edge Trading has released an entire series on trend lines and how Forex traders can use trend lines for their trading decisions. This article will use these trend line articles to review and analyze today’s Forex market and make a […] Read more »

The Number One Handbook on Trend Lines in Forex Part 5

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Our series on TREND LINES (TL) in the Forex market continues with part 5! Today we focus on solving potential problems that could occur when using trend lines (TL) in real live Forex trading. There is a difference between the “perfect theory” and “actual implementation” […] Read more »

USD Back in Strong Uptrend or Major Fake Out?

23- 10- 2014 au

The U.S. Dollar has been gaining momentum against the other majors in the last few days of trading. Is the USD uptrend back in motion? OR is the USD revival a mere correction and a fake out to lure traders into USD strength trade? Don’t […] Read more »

3 Live Examples of How to Remove Bias from Trading

22- 10- 2014 gc

Yesterday’s article discussed how Forex traders must attempt to remove their bias from trading otherwise our brains will seek confirmation for any and all trade setups. This is not an easy feat to achieve but traders can improve this with sufficient focus on a clear trading […] Read more »

How to Remove Bias from Trading

During analysis and trading it is quite easy to fall in an ‘invisible trap of confirmation’ and it happens to every single trader on earth. That sounds fancy but the principle is simple. Let me explain by asking you these 3 questions: Have you ever […] Read more »

4 Ways of Reviewing the Forex Majors

20- 10- 2014 gu

The bullish US Dollar trend is losing steam against the other majors – especially against the Japanese Yen, followed by the Euro and then the Pound. Today’s post will analyze the majors with trend lines, Fibonacci levels, price action, and candle stick formations as the […] Read more »

NFP Figures Fuel Dollar Uprend but For How Long?

6- 10- 2014 uj 4

The positive NFP figures for the U.S. sparked another round of USD buying on Friday. Unemployment dropped below the 6% mark and the NFP numbers were decently higher than expected (248k versus 216k). Will this lead the way for one more month or even one […] Read more »

My First Month with the StrikeTrader Software

2- 10- 2014 myfx

My first month with the StrikerTrader software was highly profitable.   My account ended up with over 500 pips or a +9.7% profit for the month of September.   I had some great trades with StrikeTrader: Wins that closed for 100+ pips. Wins that closed […] Read more »

The Number One Handbook on Trend Lines in Forex

Trend lines and trend channels are excellent tools for measuring and monitoring market direction and sentiment. Trend lines capture the very core of price movements by connecting multiple hit points which allow Forex traders to distinguish patterns and trends. Forex traders can use trend lines […] Read more »

The 4 EURGBP Scenarios You Need to Know

The U.S. Dollar has been the center of attention in recent months due to its nice trend and bull run but today’s focus will be on a non USD pair –  the EURGBP. EURGBP DECISION The EURGBP is in a down trend but price is […] Read more »

Using Technical Analysis in Real Live Forex Trading

Today’s post will be focused on applying the steps of technical analysis in discretionary Forex trading. These steps have been laid out in a guide, which you can access here. For more information on trading the Forex market with less discretion, rules based, and a […] Read more »

Forex Majors Ready to Bounce

22- 9- 2014 eu 4

Last week’s trading week was filled with a ton of news events throughout the entire week, which was the equivalent of a big Forex “storm”. With those now behind us, the weather might be able to settle down again during the upcoming week and provide […] Read more »

Impact of Scottish Independence Referendum on GBP

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Scotland will hold a referendum on whether it should be an independent country that will take place on Thursday September the 18th, 2014. Residents of Scotland will be able to vote yes or no on the question “should Scotland be an independent country?” If a […] Read more »

USDJPY Breaks 2014 High: Ready for 120?

9- 9- 2014 uj 3

After a large consolidation (entire 2014), the USDJPY has posted several daily candles above the monthly top of 105.44. Certainly there were and are no hints of any apparent weakness during the breakout. From a previous article we already know that the USDJPY could offer a 1500 […] Read more »