Took a long trade this morning on the GBPUSD unemployment data. Data was good so we waited for a pullback and went long. News was then due on the BOE inflation report which was predicted to be good news so we stayed in the trade for the big spike up. Closed out 1/2 and moved […]
We went long USDJPY yesterday on our 30 min strategy and are still sitting pretty with our stop moved above break even and pips already locked in.
Took a long position on EURUSD this morning , again another nice trade using our 5 minute strategy which has been working out great for us, its easy to use and typically stops are less than 20 pips . Great stuff ! Myfxbook Analysis Pips for the month
Took a long position out of 157 today using our 5 minute strategy, this strategy has been working out great for us, is easy to use and typically stops are less than 20 pips . Lovely! Myfxbook Analysis Pips for the month
Video here showing our new divergence module which is used in our daily swing trade strategy. Divergence can sometimes be quite difficult to spot using this alert module makes things extremely easy.
Was a very sideways monday in the markets . We did do a trade on our 5 minute strategy on kiwi , but dumped it a while later at break even. Tommorow (Tues) we have the non farm payrolls release , which has been delayed since September due to the US gov shutdown. Will be […]
According to calenders Septembers non farm payrolls release which was not published due to the the US governments shutdown is to be published this Tuesday 22 October. Our advice stay away from trading in the hours leading up to the release. Dont be a hero.
When trading harmonic patterns in the forex market easily the hardest question to answer is . When do we enter a trade Consider these two charts In both examples we are expecting the market to turn and give us lots of pips. In reality what sometimes happens with these patterns is that they carry on […]
1. Always use a strategy You should have a trading strategy for every trade you do. 2. Always use a stop loss Your stop loss should be the first thing that your strategy gives you . This is what protects your account. If you are letting a trade run and run into a massive defecit […]
Most forex traders use 1 way to trade the markets . Technical Analysis. They do this using indicators , support & resistance lines , trendlines , the list goes on and on. Lets take a look at a typical “trendline trade” We learn that a trendline forms when it touches 3 points on a chart […]