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Recent Posts
- Forex EUR/USD commentary February 3, 2012
- Fx commentary EUR/USD February 1, 2012
- EUR/USD Forex commentary January 31, 2012
- Fx EUR/USD commentary January 30, 2012
- Forex commentary EUR/USD January 27, 2012
- Fx commentary EUR/USD January 26, 2012
- Forex EUR/USD commentary January 25, 2012
- EUR/USD Fx commentary January 24, 2012
- Fx EUR/USD Commentary January 23, 2012
- Forex commentary EUR/USD January 20, 2012
- FX commentary EUR/USD January 19, 2012
- EUR/USD Forex commentary January 18, 2012
- Fx EUR/USD commentary January 17, 2012
- Forex commentary EUR/USD January 16, 2012
- Forex EUR/USD commentary January 13, 2012
- Recent Student Trade
- EUR/USD Forex commentary January 12, 2012
- FX commentary EUR/USD January 11, 2012
- Forex commentary EUR/USD January 10, 2012
- FX commentary EUR/USD January 9, 2012
Archives
Tag Archives: live forex trading room
Live Forex Room Update October & 7/11/2011 Day Trade GBP/USD
Hey everyone! I hope trading is going well for you all. In this recent trade update we are going to wrap up last month and then get into the trade setup that we had today. October ended up with a … Continue reading
Channels, Triangles, And Trend Lines – Short Term Day Trading
Day trading channels, triangles, and trend lines has been around for a long time. These are standard chart patterns that many look for, and use in their day to day trading. As a forex trader we are always looking for … Continue reading
Day Trading Forex News GBP/USD 26/08/2011
Today we had the intensely awaited speech from Ben Bernake. Forex traders everywhere were waiting on the words “QE3″ and they didn’t get it. Once this happened we saw equities sell off instantly. Both the EUR/USD and the GBP/USD went … Continue reading
Posted in Recent Day Trades
Tagged day trade, eurusd, forex traders, gbpusd, live forex trading room, price action
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Breakout Continuation Level – Day Trading The USD/CHF 19/08/2011
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 … Continue reading
Posted in Recent Day Trades
Tagged BOJ, forex education, forex room, forex training, live forex trading room, Old Articles, SNB, traders, USD/CHF, USD/JPY
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Forex Volume Day Trade – GBP/USD 15/08/2011
Coming into the forex room today both the EUR/USD and the GBP/USD had run 50 + pips. If you follow this blog you know a market that is already extended makes for difficult trading. It makes it hard to take … Continue reading
Posted in Recent Day Trades
Tagged day trade forex, Day Trading, day trading room, day trading strategy, day trading volume, eurusd, forex day trading strategy, forex education, forex room, forex trading strategy, forex trading system, forex volume, gbpusd, live forex trading room, trade forex live, trading room
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Euro Day Trade Short 02/08/2011 – Live Forex Trade
Around the lows we missed an entry long. Unfortunatly the market had been trending to the downside and this trade gave the entry to go long right at resistance. I didn’t take this day trading setup because of this an … Continue reading
Day Trading Strategy – Forex Day Trade EUR/USD 01/08/2011
Well I’ve never been so irritated about making +30 pips on a trade lol:) Let’s get right into today’s day trade! As we came into the forex room for the NY session both the EUR/USD and the GBP/USD were falling. … Continue reading
Intra-Trend Day Trading Confirmation Entry EUR/USD 10/06/2011
After yesterday’s day trade during the ECB Press Conference it was important for me and the rest of the forex trading room to have a good day going into the weekend. It’s never good mentally when you do not recover … Continue reading
New York Session Trend Continuation Day Trade GBP/USD 06/06/2011
We only took one trade in the forex room this morning, and it was a GBP/USD short. Unfortunately the price sputtered around for to long and we took a break even exit, only to later see it fall. Sometimes that’s … Continue reading
Forex Trading Strategy – Live Day Trade On The EUR/JPY 19/04/2011
Hey Fx traders! Today we have a nice little half position long on the EUR/JPY from 118.05 that is currently about +100 pips up as of writing this. I now have the stop loss moved to +40 pips and the final take … Continue reading
Day Trading Forex Strategy – Confirmation Entry
Day Trading Forex Strategy – Confirmation Entry, a simple strategy to trade forex on the intra-day chart. Learn to day trade with this easy to use fx trading strategy! Continue reading
Non-Farm Payroll Reversal On The GBP/USD 7/1/2011
Friday was Non-Farm Payroll day. This release was a bit mixed overall. The number came out -47K worse than expected, however the unemployment rate came out .3% better than expected. Usually +/-50K usually creates a sustained move, but this month there was conflict between the headline number and the unemployment rate. Continue reading
Descending Triangle Trade Update 12/10/2010
. On Monday we took a short on the GBP/USD from 1.5932 after seeing a nice descending triangle formation with a bearish shooting star reversal candle formation. We closed half for +20 pips during the NY session and let the last half … Continue reading
Descending Triangle with Reversal Candle Cluster on the GBP/USD 11/10/2010
Here we have a nice short trade that setup during the NY session Monday. Because of Monday being a US banking holiday you can see the price movement was rather choppy as well as the price being caught in an … Continue reading
Reversal Candle Cluster at Major Intra-day Resistance 07/10/2010
Here we have a great example of being able to read and understand raw price charts. Usually the market tells you direction before it makes its move, and today was no exception. This is a 15M chart of the GBP/JPY. … Continue reading
Posted in Recent Day Trades
Tagged GBP/JPY, live forex trading room, reversal candle, risk/reward
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Live Forex Trade – Triangle Break +67 pips
Here is a great example of the proper use of triangle formations to effectively day trade in the forex market. Triangles can be a powerful day trading tool when used correctly!
1 2 3 Reversal Pattern Strategy Day Trading
A Video Outlining the 1 2 3 Trend Reversal Pattern Strategy for Day Trading Forex. This Forex reversal pattern is a powerful forex trading strategy for recognizing the break down and potential reversal point of the current forex market trend
1 2 3 Day Trading Forex Reversal Strategy
During the course of any day you will often find many trends within the overall trend. To effectively day trade and thus take advantage of these moves within the large trend, you need to be able to quickly identify changes in short term direction. While you can use many methods to day trade these changes in trend, the “1,2,3″ reversal strategy recognises and provides an entry signal with precision that is rarely matched. Continue reading
Live Trade – Trend Continuation with Candlestick Reversal
Here we have a 5M chart of the GBP/USD. During the day before the current screen shot the Pound increased its gains on the dollar and then after a last high momentum run up was turned around and continued to channel down going into the days London session. As I have talked about in previous articles the forex market is comprised of humans that drive price. Being the large run up in price the previous day no doubt many were taking some profit if not all, as well as some speculating short on the GBP/USD. In terms of supply and demand, the supply outweighted the demand and thus a retracement against the bigger and stronger upmove. However at point #1 there is a clear double bottom formation before our trading session starts, somewhere around 10PM EST. Continue reading
Exponential Moving Averages – The Only Profitable Forex Indicator
Exponential Moving Averages – The Only Profitable Forex Indicator – Over the years I have tried every form of indicator, every system, every gimmick and found the same results….negative ones. That is until I discovered the use of exponential moving averages (EMA’s) in the forex market. It’s no surprise the use of EMA’s fits so well in price action based day trading. EMA’s are simply a “smoothed” representation of the raw price action Continue reading
Reversal Times – Applied To Forex
Reversal Times – Applied To Forex – Often times we forget that the forex market is made up of people; humans who one and all have some measure of fear, greed, fatigue, hunger, as well as many other psychological and physical factors. Applying this to your current trading method is something that can give you an edge. Price reversal times applied to the forex market is a new theory for many, so let’s take a moment to examine it deeper and the psychology and emotions that cause it. Continue reading
Scalping Forex Markets – What it’s All About?
Scalping Forex Markets – What it’s All About? Through the years the portrayal of a short term trader, weather in the movies, the news, or other ways, has always been that of a glamorized lifestyle. One filled with excesses in every form of one’s life, and for those that have perfected scalping the Forex market this might hold a ring of truth. But what is involved in this form of trading, and what is it all about? Continue reading