As we see in the EUR/USD today the thin markets are throwing off some of our ways to determine where we are in the cycles. One of our members had
Todays commentary is going to be short and sweet with no fluff. As you can see by the front page of the site we have been hacked and are back
The EUR/USD did not act quite as expected yesterday although my short did run 60 pips before it came back to hit me break even. I expect this V bottom
As I was talking to one of our students over the weekend he asked me what I thought the Euro would do this week. I told him I expected a gap
I usually dont do a weekly review for the forex market commentary unless its warranted and this week it is.
All seems well in the world judging by the 150+ pip rise in the Eur/Usd yesterday. However as I go
Have you ever felt like your entering the forex market at exactly the wrong time? You see a great day trade setting up and enter, only to see the price almost instantly reverse, stop you out, and then run in the direction of your original forex trade. If that sounds familiar than you have been the victim of what I call a day trading stop run reversal. Market makers, banks, and institutions do not intentionally move the price in this fashion to hurt retail traders, they do so to profit from them.
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”!
Trading Forex Naked – Why Indicators Will Fail You – It’s no secret that 95% of all new forex traders will inevitable fail and leave this market after losing some or all their money. What knowledge can we gain from this well know fact? Let’s examine what the common denominator is between those who fail to better use this statistic of the forex market.
When entering this market most traders search for a trading system, do they not? You yourself may have searched for hours for the promise of forex riches.
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.