Here is a simple plan I started working on for pip growth. Read more »
Forex Weekend Analysis
The Forex Video Below will give you a complete outlook for the markets in the upcoming week. The analysis is done by Micheal Storm from Winners Edge Trading. The video covers most of the major currency pairs also to include, Gold Silver and the Dollar Index. This is a great video to get started to [...] Read more »
Professional market manipulators!
WOW, what happened today huh? Well, if I was "Goldie" (Goldman Sachs) and I knew that I was going to release a report like they did today ( and they knew) I would work may way in to a rather large dollar short position across the board (my guess is they did this 24 to 48 hours in advance). For no sooner did they time that just right, but the market shot up like crazy against the dollar. Euro, pound, AUD. simply amazing. It is my belief that these people are TRADERS (gasp!) and that they have unusual insights into the markets because of their rather large team of the "brightest and best" in the world. Not to mention their deep pockets. And, as traders, with a STRATEGY, they executed it flawlessly! checking out the following chart we can see that there WAS a nice failure at the neckline of the 4 hour H&S (inverted) setup. Prompting some to enter fresh shorts with stops just above. Read more »
pound aud possible breakout swing trade
Just a quickie trade update for you all on a possible swing trade. Problem is its already up huge (several hundred pips). So, being that is is extended there are 2 ways to get in. Read more »
Down and down it goes, where it stops nobody knows.
Strange title I know, but this is about the art of "laddering orders in an attempt to peg the best price towards the bottom. You see, I don't know where this will stop, but I want it, and that is all that matters to me. Read more »
Swing trade on GBP/CAD short.
Hi Fellow traders. I am looking at a Daily double test high on the Pound Canada pair. I am considering a short on it on an hourly sell bar and if you look at the hourly, you see a 5 day several hundred pip run. If we draw our fibs and look at the levels... Read more »
What are the makings of a good scalp trade?
Hi folks, a fellow trader just emailed me with some serious questions about proper scalping methods and management. I thought I would just capture the charts and the potential trade and put it right in here for a good example. This is just one example of certain things I am looking for. Take a look [...] Read more »
Its going up, why are you shorting it?
Shorting euphoria. Why should we do this? I am often asked in the trading room why I am shorting something that is spiking "to the moon". I have to re-explain it every time. Read more »
Forex Video Trend Analysis July 13
Daily Forex trend analysis with Michael Storm, see how the currency market has been moving to get prepared for your trading. Read more »
