Before a pilot takes off in an aircraft, he has to go through a pre-flight check, right? This is to make sure that everything is in order before take off. Otherwise, passengers lives will be at risk. Similarly, every trader should be getting into the habit of doing a pre-trade check to make sure everything […]
There are some traders that make a pretty big deal of analysis…I mean not just analysis but some “serious technical analysis” like you’ve never seen before. Believe me, these are some serious stuff here. This is technical analysis to the extreme. If you are doing this, you are either a genius or bloody retarded! (mental). […]
Hello traders, if you have been watching the EURUSD charts on Monday 18th May 2015, you would be right in thinking the EURUSD was in an uptrend (based on the 1hr chart). So I was waiting price to come down so that I can buy on the bounce of an upward trendline and that setup […]
Have you ever been in a situation where you place a pending order and noticed that your trade was executed without the price actually touching the price level or line you wanted to get in on your trading charts? Is the forex broker executing trades too early without price touching it or is it something […]
Hello Traders, here are some forex trading setups that are happening…this are all based on price action trading using support and resistance and trendlines. They may form this week or next week but regardless, they are worth watching. #1: EURGBP BUY TRADING SETUP notice there’s a support zone and price is heading down […]
Did you know that one very simple, yet very effective way of determining the end of a trend has nothing to do with moving average cross-overs or stochastic being oversold or overbought or any other forex indicators? Moving average indicators only shows you the fact after it has happened…because they are lagging indicators. Did you also […]
Hello Traders, today, I’m going to show you a very simple technique I use to place pending orders on diagonal trendlines. This is a manual technique (Chart Examples on how to do it shown below…scroll down). Now, this process can be simplified using an expert advisor which you can research to see if there are […]
I’m going to tell you a true story that has stuck in my mind for a very long time… and this story about “being 3ft from gold.” Keep persevering in trading because many times you will be very close to being a successful forex trader but you don’t know it. But how can you know […]
If you really want to trade high probability forex trading setups as they are forming on your charts you really need two main thing (this is my opinion, others may have theirs and you don’t have to believe me): And the next thing is: you need to know how to trade these setups. In this […]
Today we’re going to look at the EURUSD and see what we can expect from it. I started writing this post last week. At that time I took a look at the monthly chart to put the pair in perspective. You’ll see from the chart below that over the last couple of decades a significant […]
Posted in 