In this forex training video we have a nice example of a stop run out of the Asian session. So many times people want to complicate what doesn’t need to be complicated. This is almost always true with stop runs. The stop run is in my opinion the single factor that gives true evidence of [...]
Using Chart Patterns To Trade Forex – 9/20/12 Live Trades
September 21, 2012 by · Leave a Comment
Today we had a few nice trade setups occurring on the GBP/USD. The first video was of a trade taken during the Asian session. Anyone who follows the site knows we trade 2 time slots. The first being the London session from 2-5AM EST and the second is the 8-11AM EST New York trading session. [...]
EUR/USD, GBP/USD Forex Commentary June 25, 2012
June 25, 2012 by · Leave a Comment
The EUR/USD has had yet another gap to start the week off. This time not such an intense gap as we have seen in the recent past. However the fact that there was not much interest in closing it tells me something of the Euro weakness. There is still the chance of it to close [...]
EUR/USD, GBP/USD FX Daily Commentary June 19, 2012
June 19, 2012 by · Leave a Comment
The EUR/USD has made a significant reversal for the first push to the downside like I mentioned in the forex commentary from June 18. For now it has found some support at the hourly 200ema for. I will be looking for the 2nd push down today but we do have a chance for the deeper [...]
New York Reversal Trade GBP/USD Set Up June 11, 2012
June 12, 2012 by · Leave a Comment
The New York reversal provided a nice set up yesterday. Those that keep up with my daily forex commentary knew that I preferred a short to close the gaps on Monday morning. The fact is just as I expected the EUR/USD would not provide me with a nice entry but did close the gap and [...]
Protecting Your Financial Future – Lesson’s From 1929
May 4, 2012 by · 4 Comments
Of all the forex training articles on this site, and of all the training videos….these may very well be the most important. Its been said that those who fail to learn from history are doomed to repeat history’s mistakes. The parallel’s between the crash of 1929 and today are so obvious, but yet so blissfully [...]
Forex EUR/USD, GBP/USD Daily Commentary April 20, 2012
April 20, 2012 by · Leave a Comment
We did have a good trading day yesterday with a nice short on the GBP/USD in the fx training room, booking 45 pips on the drop just before it retraced the whole move. For being the day of the Spanish bond auction I was happy to stay away from the EUR/USD. The auction didn’t go [...]
1H Stop Run Reversal & Topping Formation – EUR/USD April 17th 2012
April 19, 2012 by · Leave a Comment
Live Forex Day Trade – EUR/USD Short Setup There was a nice trade setup we were mentioning in the forex forum & I also took a recording of the setup. Towards the end I cover some important topics in regards to the GBP/USD as well. There is a valuable lesson taught with the GBP/USD today…and [...]
NY Forex Reversal Trade – GBP/JPY April 16th 2012
April 17, 2012 by · 1 Comment
Live Day Trade Short – GBP/JPY Before the large stop run to the downside there was an opportunity to take the GBP/JPY as it completed the topping formation. At this point the GBP/JPY had only give what looked like the second push down in the overall weekly cycle. Because of this the safer trade was [...]
Stop Run Reversal USD/CHF Short April 10, 2012
April 11, 2012 by · Leave a Comment
Trading was rough on Tuesday with the pair I liked the most not giving anything clear (EUR/JPY) mainly because of some news that turned the market into a risk off scenario and the USD/JPY started south during the Asian session and never looked back. I did take the long on the GBP/USD and took a [...]
GBP/USD Smart Money Trend Reversal Setup – April 5th 2012
April 6, 2012 by · Leave a Comment
Coming into the NY session on the 5th it looked as though both the EUR/USD and USD/CHF had completed their 3 weekly push to the downside. What confirmed the timing of the reversal was the 3 cycles that formed intra- day as well. Essentially both pairs were finishing their 3rd weekly push, and completed their [...]
GBP/USD Day Trade Short – Smart Money Trap Move
March 13, 2012 by · Leave a Comment
Here was a nice live forex trade setup on the GBP/USD from Monday after the Asian accumulation. It looked like there was a longer term market reset which got me believing the market was again headed down for another smart money push. Please Enlarge This Video To Full Screen For Better Viewing: Forex Course & [...]
EUR/USD FX Commentary Weekly wrap Up March 10, 2012
March 10, 2012 by · Leave a Comment
This is the default we were looking for. The ISDA did declare a credit event with the activation of Collective Action Clauses used to force the holdouts of Greek bond holders that were issued under Greek law. They needed a participation rate of 90% in order to activate the CACs in the original contract and [...]
EUR/USD Trade March 1, 2012
March 3, 2012 by · 2 Comments
Below is a video of one of the trades I took March 1st. The market has come off of a third level rise. Made a not so pretty topping formation and started the first level of reversal. Since we know the smart money pushes the markets in 3 levels I was only looking to short [...]
Our Trading Beliefs & Philosophy At Day Trading Forex Live
December 20, 2011 by · 2 Comments
Our Trading Beliefs & Philosophy at Day Trading Forex Live Over 7 years ago I began my career as a forex trader. I’m sure that my story in the forex market isn’t much different than anyone else reading this. Much like the majority I have literally tried every form of forex trading there is out [...]
Why Retail Forex Traders Are Predictable
November 20, 2011 by · Leave a Comment
Why Retail Forex Traders Are Predictable Long ago I realized a problem in the forex market. I realized this problem only after years of losing money, thousands of dollars lost, and numerous sleepless nights. This problem didnt just affect me but it affected every forex trader I knew at the time. This problem is so [...]
Learning To Day Trade With Smart Money GBP/USD Short 10/20/2011
October 20, 2011 by · Leave a Comment
Hey! I hope trading is going well for everyone. We’ve seen some nice moves the past few days and I thought I would cover something rather important in this recent trade update that I’ve never really touched on before. This is a bit longer than usual but I can promise you that this information and [...]
Breakout Continuation Level – Day Trading The USD/CHF 19/08/2011
August 22, 2011 by · Leave a Comment
We will keep this day trade setup short and sweet. To begin we had a previous support level on the USD/CHF that broke and then became resistance. The market re-tested this previous support turned resistance, and it held nicely. The USD/CHF again began to run down off this level. I want to give credit where [...]
Trend Line Test – Continuation Day Trade EUR/USD 18/08/2011
August 22, 2011 by · Leave a Comment
Sorry I didn’t get a chance to update the recent trades a little sooner. This week was a bit rough for us in the room. It was our first negative week in the day trading room in quite a while. That’s all part of trading and how you recover is what determines who will be [...]
GBP/USD Day Trading Entries 10/08/2011
August 15, 2011 by · Leave a Comment
Hey everyone. I hope trading is going well for everybody! Before we jump into the chart above from Wednesday let me just say that we ended the day -13 pips down on Tuesday. We were short the GBP/USD Tuesday before the huge 200 pip drop but it stopped that day trade out at break even [...]
How I Day Trade Forex Successfully
July 10, 2010 by · 4 Comments
When I first wrote the title to this article it took me a few days to actually think about the content that I was going to put into it. You see trading forex, and especially being a short term day trader in the forex market is tough! While I could have just filled this with [...]
Money Management A Day Traders Key to Success
March 3, 2010 by · 3 Comments
No matter how successful a forex day trading strategy may be, you must practice sound money management to day trade the forex market profitably and more importantly to be around for the “long haul”!
Short Term Forex vs. Long Term Forex Trading
January 15, 2010 by · Leave a Comment
Short Term vs. Long Term Trading – In short, traders as a whole can be categorized into 2 distinct groups, short term traders and long term traders. When selecting the style of trading that best fits you, knowing the differences between the two is beneficial. Knowing the positive aspects and conversely the negative to a trading style is very important as well.
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Daily Forex EUR/USD, GBP/USD Commentary October 12, 2012
Well here I am doing my commentary from my phone again. We did get the order in for the backup Internet yesterday so this should be the last day I have to do this. Looking at the EUR/USD we have the first push on the reversal. Needless to say I wasn’t trading yesterday but to catch the [...]