First I want to apologize for not doing any recent trade updates for the last week. I’ve been quite busy over the last week, however all is normal now and the trade updates will continue (3 to 5 of them a week). We took 3 trades last Friday in the live day trading room, with [...]
Forex Day Trading Confirmation Entry – EUR/USD 18/05/2011
May 18, 2011 by · Leave a Comment
Today turned out to be a pretty decent trading day in the forex trading room despite the large run coming into our trading session. There was a confirmation entry to go long on the GBP/USD right around 8AM EST this morning that we took in addition to the day trade shown above. This trade ended [...]
Ascending Trendline Support Break – USD/CHF Day Trade 17/05/2011
May 18, 2011 by · Leave a Comment
Yet another day trade on the USD/CHF. Just seems like the USD/CHF has been the currency pair giving the best entry between the three pairs that we focus on (USD/CHF, GBP/USD, EUR/USD). This was a simple confirmation entry that just so happens to break the trend line support it had been holding. I use the closing price [...]
Major Intra-Day Support Day Trade USD/CHF 16/05/2011
May 17, 2011 by · Leave a Comment
Going into today’s NY session we had some very large moves. Seeing this price action prior to our session always makes for a tough day, and usually quite a boring day in the forex trading room. This was exactly the case with today’s forex trading session…..boring. When the fx market has ran a large amount [...]
Forex Trading Strategy – Day Trading Confirmation Entry GBP/USD 13/05/2011
May 14, 2011 by · Leave a Comment
The first day trading setup of the day was one that doesn’t occur very frequently. Additionally I do not have a forex trading article that covers this setup as of yet. Over the weekend I will try to quantify a set of rules for this specific trade setup and create a forex training article. Essentially [...]
Day Trade Off Support GBP/JPY 12/05/2011
May 14, 2011 by · Leave a Comment
Here we had a nice setup on the GBP/JPY in the forex room on Thursday, unfortunately there was never more than 10 to 15 pips of follow through. Either way I would like to go through the setup because it was a good example of the confirmation entry. With any losing trade there is always [...]
Large Risk/Reward Setup Off Support EUR/USD 11/05/2011
May 12, 2011 by · Leave a Comment
Today was a fairly boring day during our NY trading session. We only took one trade and it took a few hours for it to come together. Everything had been pushing towards USD strength when we came into the forex room, and had been for the last 3 days. As the market came into yesterday’s [...]
Trend Continuation – Forex Day Trading Setup USD/CHF 10/05/2011
May 11, 2011 by · Leave a Comment
Seem like we have been hitting the USD/CHF a lot lately. Correlation in the forex market is very constant on a day to day basis lately, however some pairs will give better entries than other’s and it just so happens the USD/CHF has been that pair the last few days. What I mean by better entries [...]
Breakout Continuation Forex Trading Strategy USD/CHF 09/05/2011
May 10, 2011 by · Leave a Comment
Today there were quite large moves in the forex market during the NY trading session. Unfortunately the fx market took off towards USD strength and never looked back. With the GBP/USD and the EUR/USD both falling aggressively, we expected further continuation up out of the USD/CHF as per normal forex market correlation, but yesterday’s overall [...]
Non-Farm Payroll – Day Trading Forex News Setups GBP/USD 06/05/2011
May 7, 2011 by · Leave a Comment
Today’s chart is going to be a bit more “crowded” than usual but it shows a few good examples of the forex trading strategy we use most frequently in the forex trading room. Well Friday as you all well know was Non-Farm day. The one day a month that is sure to produce price action [...]
ECB Press Conference Day Trade – USD/JPY Long 05/05/2011
May 7, 2011 by · Leave a Comment
Tuesday were pretty boring days in the forex trading room this week, and therefore not posted. The lack of day trading opportunities on those days was in part due to the large moves during the London session. Anytime I see a large move coming into our NY trading session I always use and talk about [...]
Two EUR/USD Shorts – High Risk/Reward Day Trade Setup 02/05/2011
May 3, 2011 by · Leave a Comment
Here we had 2 trades on the EUR/USD. One was a day trading confirmation entry short and the next was a high risk/reward trade setup that came together towards the end of our New York trading session. The first trade was a standard confirmation entry short. Again the confirmation entry is a 3 candle day [...]
USD/JPY & GBP/JPY Breakout Continuation Resistance 28/04/2011
May 2, 2011 by · 1 Comment
Sorry I’m posting this one a little late. I got a little backed up on the recent trades section for last week, but here is Friday’s trades and I will do today’s trades right after this. Anyway to start off the day we had a -35 pip loser on the GBP/JPY. It was a quality [...]
( , but lot of experience. I had writted a couple of hundreds EA ad indicators with the same result….. You know what happened with the backtests. None of them is working ! Tested all of the famous strategies thought by brokers……….. The only site which is telling the truth is yours!!!!!!
Thanks a lot that is what I was looking for.
