Posted by Casey Stubbs on Sunday, February 28, 2010,
In :
Trade opportunities
This is a video analysis over 8 major currency pairs that will help you to prepare for your trading week. This is primarily a technical analysis, it is also important to learn about the current funbdamental situation as that has a dramatic impact on the currency as well. It is a valuable skill that will enable a trader to learn to interpret fundamental and technical data together to help a trader to get maximum profits.
Posted by Casey Stubbs on Saturday, February 27, 2010,
In :
Trading Strategy
Detecting Forex Price Trends using Candlesticks
Wednesday, February 24, 2010
By: Terry Allen
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.
You can use these candlestick patterns in the following way. If you have been unable t...
Posted by Casey Stubbs on Saturday, February 27, 2010,
In :
Trade opportunities
Hello Traders the weekend is upon us and I hope you get some well deserved rest. We have a great amount of weekend reading coming out so make sure to sign up for our feed so that you can read the posts at your leisure.
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 rang... Continue reading ...
Posted by Casey Stubbs on Thursday, February 25, 2010,
In :
Trade opportunities
Hello Traders,
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.
Today the pair was trading in a smaller range than yesterday so the way that I took profit ou... Continue reading ...
Posted by Casey Stubbs on Wednesday, February 24, 2010,
In :
Michael Storm
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. Should this break (as did the
pound last week when critical daily broke... we went down very big), I
believe we shall see a rather large downdraft of a few hundred more ... Continue reading ...
Posted by Casey Stubbs on Tuesday, February 23, 2010,
In :
Trade opportunities
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
4hr chart *Note Click the chart to learn about our premium trading service.
Posted by Casey Stubbs on Saturday, February 20, 2010,
In :
Trade opportunities
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.
Posted by Casey Stubbs on Saturday, February 20, 2010,
In :
Forex Training
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. Successful traders should set goals that guide their
trades. Not only do successful traders make goals, they make a series
of targeted goals that are comprised of small achievable goals that
lead to larger ends.
Psychology Governing Abilities to trade with Forex
It is often said that no body 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. Traders who have been in this business feel and often confess that performance of traders on the trading floor depends heavily on their mental make up and the psychological games playe... Continue reading ...
Posted by Casey Stubbs on Thursday, February 18, 2010,
In :
Trade opportunities
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.
The current range is between 1.3531 and 1.3780 watch these levels closely for bounces off of and for possible breaks. The way to trade these is to enter trades if ... Continue reading ...
Posted by Casey Stubbs on Thursday, February 18, 2010,
In :
Forex Training
This is the free Training presented by Winners Edge Trading Yesterday, I promised to post the recording here because everyone asked for it. So here it is, Thanks everyone that attended and if you have any comments please post them here and also give me suggestions for future videos that you have an interest in learning. The main focus on this video is using price action and candle stick analysis to find entry points along with moving averages.
Posted by Casey Stubbs on Wednesday, February 17, 2010,
In :
Trading Strategy
The
amount of information available online about currency markets is nearly
infinite. Parsing through this data to make intelligence decisions
about when,what, and how much to trade can quickly become overwhelming.
Profitable traders handle this information and make intelligent
decisions by creating a trading plan that sets up a blue print of your
goals and the tools you will use to reach those goals.
A
trading plan should have three parts: What you want to accomplish, what
tools you will use...
Posted by Casey Stubbs on Tuesday, February 16, 2010,
In :
Trade opportunities
The Eur/Usd made a major bounce today verses the lows that the pair established on Friday. The pair smashed through the major resistance level of 1.3700 to move all the way to 1.3772. The pair is now consolidating and has not retreated from the gains made today. The next major resistance hurdle for the Eur/Usd will be the 1.3800 area as that will be a psychological level to contend with. If the pair continues to make gains the 1.4000 will be another major resistance point.
Posted by Casey Stubbs on Sunday, February 14, 2010,
In :
Trade opportunities
Hello Traders Happy Valentines day!
I hope that you all had a great time with your special someone. I personally don't believe in Valentines Day because I believe I should shower my wife with love an affection every day and not just once a year.
The Eur/Usd has been continuing to reach new lows last week reaching a new low of 1.3531 on Friday. That will be the new support level that we will watch to see if the pair will reach new lows. If the 1.3531 support level gets broken we have additional ... Continue reading ...
Posted by Casey Stubbs on Saturday, February 13, 2010,
In :
Trade opportunities
This is a video analysis that covers the most of the major currency pairs. This is a general analysis that gives traders a great starting point in planning thier trading strategies for the upcoming week. This video is a representation of technical analysis and has no information regarding forex news or fundamental data. To get more information on the current news announcements visit Forex Crunch. Also for further reading check out The Geek Knows.
Before you trade, have you made sure that you are not just making an emotional decision? When traders are running a business trading stocks, futures, options, or currencies they should know specific information. Trading is a business that requires planning and preparation. Trading is not gambling, unless you are just making decisions blindly without a plan. Every time you trade you should already know your target price, the risk level, and the strategy you are using. ... Continue reading ...
Posted by Casey Stubbs on Wednesday, February 10, 2010,
In :
Trading Strategy
Some Important Forex Reversal Patterns
Tuesday, February 09, 2010
Here are descriptions of a number of important reversal patterns which should help you detect them better as well as improving your trading results.
Double Top and Bottom Patterns
Double top patterns, which are also called "M" patterns, are initially formed by a long rise in trading price. The shape then continues with two tops, separated by a valley, before terminating with a significant drop in the trade price. Double ...
Posted by Casey Stubbs on Wednesday, February 10, 2010,
In :
Trade opportunities
The Eur/Usd has bounced off of the lows on and has been up for two days in a row. The pull back stopped at the 23% retracement level and then bounced back down. A 23% retracement is not a strong retracement and we could still see this pair move to the 50% level in the next day or so which is near 1.4100. There will be strong resistance at the 1.4000 level if the pair continues to that level.
The daily chart shows the long downward move that we have had over the past weeks the next support ... Continue reading ...
Posted by Casey Stubbs on Saturday, February 6, 2010,
In :
Trade opportunities
The Dollar is on a roll and nothing can stop it! Can you believe that I actually said that this pair may stall a bit or consolidate? I was sure wrong on that one :) So I give up I am jumping on the Dollar train I am going to short the Dollar and I am going to put all the money I have on it so that I can retire next week.
Ok, wait maybe that is not such a good idea, if I would have done that last week it would have worked. But If I did that I would have to throw out all the princbbles and dis... Continue reading ...
Today was a news day for trading the currency market. Many pairs dropped dramatically during this mornings New York session. The Asian session was wild as well, with wide, long and quick price swings. My point is this on a wild day like today you can get killed and put out of the market unless you practice discipline and use proper stop losses.
I ended up benefiting from these wild fluctuations but I was just lucky, very lucky indeed. I could have been on the other side of these wild moves jus... Continue reading ...
Today in my trading I was reminded of a valuable lesson and it was by one of the traders in my room. I sometimes get ahead of myself when entering trades because of anticipation. One of the first things I was taught as a trader is not to act before you get your entry signal. Today, I was entering trades based on what I "felt" was going to happen rather than a signal given. Then one of the traders in the room asked me why did you enter there, because there was no signal?
Posted by Casey Stubbs on Monday, February 1, 2010,
In :
Trade opportunities
In today's trading the Eur/Usd has found a temporary bottom to the advancing decline that was taking place all week. The pair did not bounce sharply but rather held it's ground as I right this the pair is trading at1.3907. The pair is positive in todays trading and this could be the start of a minor pullback. The current level of support is 1.3850 and the current level of resistance is 1.3940 and 1.4000.
This pair could be in a short holding period around these levels and the key support leve... Continue reading ...
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Winners Edge Trading. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
