When you have been waiting for hours watching a trade setup develop and you believe that that trade setup has a high potential of giving you a profitable trade and when you get the trading signal, you get into the trade. But soon price moves against your trade and maybe because your stop loss is […]
I had experienced many times where I’ve entered a trade thinking that the market would reverse, only to have the market go against me and my stop loss is hit. Then usually at around the level where my stop loss is hit, it will start to reverse and go in the direction that I had […]
I talked about how I thought the trade entry is the most important than the exit, you can read it here: In this short article, I’m going to talk about how to exit a trade and there’s nothing complicated about exiting a trade. Here are the 5 ways trades are exited: #1: INITIAL STOP-LOSS […]
Hi Folks, I’ve been watching these 3 trade setups happening for quite some time now. They are based on the monthly timeframe but I will be switching to lower timeframes like 4hr & the 1hr and watch for reversal candlesticks to buy or sell. These are a long term trade setup happening… One thing about such […]
Hi Forex Traders, Thank you all for visiting this site and I know that a significant number of you keep coming back to this site to learn and study the forex strategies that are listed here. I’ve been also watching this downward trade channel trade setup for a while now in AUDUSD currency pair and […]
Hi traders here’s another forex trading signal alert which I am keeping my eyes on. Its on USDCHF pair. There’s a potential short trade setup happening. This is what it looks like on the monthly chart: And this is what it looks like on the weekly chart: As you can see on the chart […]
Here’s how to trade using larger timeframes in 3 Simple Steps: Step 1: Check the larger times…see if price is near to resistance or support levels, trendlines etc…that should give you a “rough” idea of when (how many days, hours etc) price is going to hit that level. Step 2: zoom in Then zoom in […]
Forex Traders, I can see there’s buy trading signal or setup happening on the EURUSD currency pair. Here’s what I’m seeing in the monthly timeframe: And this is what I’m seeing in the daily timeframe: Now, lets zoom in a to a smaller timeframe, the 4hr and see what’s happening there: HOW I WOULD TRADE […]
Hello Traders, just to bring to your attention my technical analysis on USDJPY and what I see. Ok, let’s get started. Here’s USDJPY monthly chart. You will note that price is heading up to a what I believe is a significant resistance level and the evidence for that is market in blue boxes. You can […]
Hi forex traders, I posted this EURJPY Trade shown below and the reasons why I took that trade here: how to trade larger timeframes. The trade is still running and , moved stop loss to lock in some profits behind lower swing high point. The forex trading system that describes this is here (its a […]
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