Hello readers,
I came back to the blog and see that it has been a long time since I have posted anything new.
I am still here and of course still trading.
The strategy that is currently working best is the Forex Morning Breakout Trade (New York Open).
For me, I also find the strategy works best when the NY market opens on Wednesdays and Thursdays...it's almost like by mid-week the market wakes ...More
On November - 6 - 2011Comments Off
Hello readers,
I came back to the blog and see that it has been a long time since I have posted anything new.
I am still here and of course still trading.
The strategy that is currently working best is the Forex Morning Breakout Trade (New York Open).
For me, I also find the strategy works best when the NY market opens on Wednesdays and Thursdays...it's almost like by mid-week the market wakes ...More
On October - 11 - 2010ADD COMMENTS
The guys over at DailyFX.com posted a great visual today.
For this one, the picture says it all. See the original article at the
Post of the Day by Richard Krivo here -->
ORIGINAL POST HERE from DailyFx.com
and to get more simple and accurate chart based training check out the latest video training, now updated for 2012.
More
On October - 4 - 2010Comments Off
Hello Forex Enthusiasts:
I hope you are enjoying my blog and its trading ideas. As you may have read about in my forex blog; I do have one highly preferred method that I have been successfully trading on a LIVE account nearly every week for over a two years now.
HINT: Once you read and learn the strategy, here is another tip that makes it even more effective: I've found that it ...More
On April - 21 - 20103 COMMENTS
Here is a great article that was published today by Dailyfx.com. Every trader needs to discover and then consistently implement an approach that fits well with their 'trading personality'. Then use a solid money management strategy and that is how you win in the currency exchange markets. The three simple approaches I have been relying on for over 2 years now can be learned here. I think if I hadn't ...More
On February - 7 - 20103 COMMENTS
Admin note: I don't really using any scalping strategies anymore for my personal trading. For me, scalping actually takes longer just waiting for a set up and I would prefer to check the charts at the beginning of the end of the day to see if there is a trade to place for the day. (One of the main strategies I use that requires checking the charts only once a ...More
On January - 27 - 2010ADD COMMENTS
Admin note: I've been trading for over 3 years now as of December 2011....and I've finally settled into 3 main strategies which are consistently dependable and accurate. They are all really simple too: Swing trading (when you hold a trade for 1 to 3 days), trading the NY Open when there is momentum, and trading breaks of a Head and Shoulders pattern. Using these three strategies together and trading only ...More
On August - 24 - 200912 COMMENTS
I ran across this great article today. This is truly an effective and simple strategy. I really like how this trader uses the "doji pattern" to make decisions when trading. If you don't know what a doji is, it is a bar that has an open and close point at nearly the very same spot. It looks like a plus sign on the chart, so it's easy to spot. If you aren't sure what I'm ...More
On July - 9 - 20097 COMMENTS
The Head and Shoulders pattern is known as a "trend-reversal pattern." It is also known for being one of the most reliable trend-reversal signals in the market. Basically, the head and shoulders is when the currency pair makes 3 peaks close together in time, with the middle peak higher than the two side-by-side peaks (see video below for visual example and explanation.) Therefore, it looks like an outline of a ...More
On July - 7 - 2009ADD COMMENTS
[caption id="attachment_4" align="alignleft" width="124" caption="forex chart patterns"][/caption]
Today I just wanted to draw your attention to a good and simple explanation of how to interpret and place trades using some chart patterns - specifically double tops/double bottoms and triple tops/triple bottoms.
I thought this would be a good time to post a link to this, especially since we are sitting just above a double bottom right now on the EUR/USD even as ...More
On June - 29 - 20091 COMMENT
This week I will be writing about a few strategies to "trade the gaps" in forex.
But to start off this topic, I would like to share a video I stumbled across online - as it explains one method for trading gaps very well.
Here is the video - Enjoy!
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