www.winningforextrades.com Projecting how high or low forex prices go is not all that hard. Forex price patterns look exactly the same as commodity, or futures, prices patterns. Trading the price patterns is somewhat of an art. It does take a bit of imagination and a little understanding of how forex traders, and futures traders, think. Prices in the foreign exchange markets, or currency markets, will act just about the same as the stock markets, the commodity markets, and even the index markets. Every trader that places a trade is positive that they are right. This kind of thinking is what forms the price patterns that makes projecting market movements possible. http
Hey everyone, for this Monday presentation I take a look at a small currency basket. I have constructed trade plans for the Euro USD, Euro Pound, USD Yen and Pound Yen. The USD Yen and Euro USD are both in some tight 4 hr price traps that I am watching closely for a break out. In addition to this analysis I talk about using the USD Yen and Euro Pound as proxy pairs for trading other USD and Yen related pairs. I hope you enjoy the video and good luck today!! David Pegler
Two opposing trendlines converged on the GBP/USD during today’s European session to form a triangle, the apex of which was due for arrival in the early part of today’s New York session. Traders who spotted the setup found a conservative long trade entry after the breakout — in the direction of the prevailing trend and the market’s latest stint of dollar selling — during the hour prior to the start of the session. Fortunately, US GDP news did not ruin a good thing, as the move ultimately produced a profit of between 70 to 80 pips (depending on entry) for traders who exited at the psychological level prior to the European close.
www.daytradexpress – a short video showing a trade that was very close to be hedged!! Not given myself the best of chances here as I “assumed” a part of the procedure rather than sticking exactly to the rules. That highlights the importance of discipline. If a trade goes wrong but you followed the rules that’s ok as you cannot get 100% wins.
www.daytradexpress.com A quick video highlighting the workings of two CLOSE short time frames as they compliment each other. Ideal trade opportunities if your time is limited.
UK retail sales is usually a high impact forex news that moves the currency market significantly, watch how I analyze the market, wait for proper retracement, and get in at the best optimal entry for a quick 50 pips of profit… market continue to move and gave traders that followed my signals even more pips… this is typical of what I do daily in my live forex trade room. Watch how I use Dual Fibonacci to get a laser focus entry in the video…
