This is a video analysis of 8 major currency pairs that will help you to prepare for your trading week. This is primarily a technical analysis, although it is also important to learn about the current fundamental situation as that has a dramatic impact on the currency as well Read more »
Detecting Forex Price Trends Using Candlesticks
Expert consensus considers that candle patterns that have either a long upper or lower shadow with little body, are the most useful, e.g. hanging man, hammer, morning star and inverted hammer. You are also recommended to search for these patterns on the more reliable hourly and longer-period charts. Read more »
Eur/Usd: Weekly Review
The market had many large price moves during news announcements which could be wildly profitable if the trader had the discipline to be on the right side of the trades. One of the most volatile pairs this week was the Gbp/Jpy and we had several days with over 100 pip daily ranges. Read more »
Eur/Usd: Trading For Profit
I hope all of your trading has been profitable lately. If it has not please comment in the box below and I will get back to you. I am a trading coach and besides technical analysis there is the strategy, money management and proper trading mindset. I understand the pain and discomfort caused by losing income in your trading and the mental roadblocks that can cause losses in your trading. Read more »
GBP/JPY: On The Edge of A Cliff
Hello fellow traders. Here is a swing trade idea for all regarding the GBP/JPY. Sorry for the lack of posts from myself recently, but our trading room keeps me fairly busy. Anyway, this one may trigger this eve or within the next day. See this chart of the Pound yen and you can see critical daily support is at 138.25. Read more »
Eur/Usd: Breaks Down To Test Lows
The Eur/Usd moved up to test the 1.3700 area in early trading to make a breakdown in early trading during the London session. The downward move continued through the NY trading session as well. The price finally stalled out at about the 1.3500 support area. Every time there is a rally it gets pulled back rather quickly. The current resistance level to watch is 1.3700 and the support level is 1.3450 Read more »
Forex Weekly Video Review – February 20
It is time to get ready for your trading next week and this means time to analyze the pairs and look at the daily trends. If you take time to identify the trend you trading will be more profitable. Could this week be the week that sees a change in the direction of the currency pairs? Read more »
Setting Achievable Goals
There is an old saying that a journey of a thousand miles begins with a single step. This is also true of forex trading. Every trader wants to make big money, but trading just to make the most money turns investing into gambling. Read more »
Psychology Governing Abilities To Trade With Forex
It is often said that nobody can anticipate the high or low of the market accurately. This market may be either the share market or the forex trading . However everybody who enters in the trading hopes to win but at heart to heart, there is a fear factor. Read more »
Eur/Usd: Consolidating or Rebound?
The Euro yesterday gave up all of it's gains verses the Dollar but stopped short of reaching new lows. The pair stalled out at 1.3540 and the previous lows were around 1.3531. Right now we could be entering a consolidated range trading period where the price will be waiting before making a decision which way that it is likely to go. Read more »
