USD/JPY daily trade set up

Categories: Daily Technical Analysis Tips and Picks

Nothing to trade? How about this right now as it is happening? Look at the USD/JPY it made a big move and now it is retracing. The price is moving into our preferred price zone. When you pull a fibonnaci from a high and low, you can see fibonacci 38% converge with the central pivot […]

Nothing to trade? How about this right now as it is happening? Look at the USD/JPY it made a big move and now it is retracing. The price is moving into our preferred price zone. When you pull a fibonnaci from a high and low, you can see fibonacci 38% converge with the central pivot point, you can also find a previous support although not a strong one. But if you see the price momentum of usd/jpy moving down strongly, the price ... Read More

Trade set-up alert on GBP/USD pound

Categories: Daily Technical Analysis Tips and Picks

Hi traders, hope you people see this trade set-up on GBP/USD H1 chart. It was a downtrend day for pound, it bounces off nicely on the central pivot point and retraces. Confirm on support and resistance. Pull a fibonacci, wait for price to go to 50%, 62%. Get confirmation on lower timeframe like 15min. Confirm […]

Hi traders, hope you people see this trade set-up on GBP/USD H1 chart. It was a downtrend day for pound, it bounces off nicely on the central pivot point and retraces. Confirm on support and resistance. Pull a fibonacci, wait for price to go to 50%, 62%. Get confirmation on lower timeframe like 15min. Confirm on candlestick signal, pull the Trigger! I must admit that this trade is a risky one, because I entered this trade without confirmation on MACD divergence, RSI ... Read More

78 essential forex strategies - Part 5

Categories: 78 Essential Forex Strategies

Hi Traders, I hope you have followed the trade alert I posted yesterday on EUR/USD. Wait for signals on candlestick and divergence, then pull the trigger. Congratulations to those that traded. Join me as a member, I will always send out trade alerts by email.
Here is the continuation of my 78 fx strategies :
21. Never […]

Hi Traders, I hope you have followed the trade alert I posted yesterday on EUR/USD. Wait for signals on candlestick and divergence, then pull the trigger. Congratulations to those that traded. Join me as a member, I will always send out trade alerts by email. Here is the continuation of my 78 fx strategies : 21. Never trade in a No man’s land, that’s No convergences in all the 5 indicators. Only trade when there are convergence on the 5 indicators, Pivot points, MACD ... Read More

EUR/USD trade set-up

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, hope you guys shorted the USD/JPY yesterday and make some really good pips. Here is another trade set-up. EUR/USD on H4 chart. Can you see how beautiful the set-up is? Look on the left, you can see a previous support, all Monthly R2, Weekly R1, Daily Center Pivot is aligning together in one […]

Hi Traders, hope you guys shorted the USD/JPY yesterday and make some really good pips. Here is another trade set-up. EUR/USD on H4 chart. Can you see how beautiful the set-up is? Look on the left, you can see a previous support, all Monthly R2, Weekly R1, Daily Center Pivot is aligning together in one place. Pull a Fibonacci, it converge with all the pivot points and support. If you go down to H1 chart, you can find another support on 26th ... Read More

USDJPY descending triangle breakout trade

Categories: Daily Technical Analysis Tips and Picks

What do you see in this USDJPY hourly Chart? Yes, it is a Descending Triangle. The highest possible course for the price to go is down, as you can see all descending triangle, selling pressure is greater than buying pressure; so in the end, it will have to break out to the down side […]

What do you see in this USDJPY hourly Chart? Yes, it is a Descending Triangle. The highest possible course for the price to go is down, as you can see all descending triangle, selling pressure is greater than buying pressure; so in the end, it will have to break out to the down side where the support is holding. If you are unsure about this trade, go to my previous posts on forex strategies and systems, there you can find all ... Read More

78 essential forex strategies - Part 4

Categories: 78 Essential Forex Strategies

16. Keep good logs of all your trades whether they are good or bad. Keep a trader’s journal. If you have a good trade, log it down why you entered the trade. If you experienced a bad trade, log it down why you have missed it, this will make you not to repeat the same […]

16. Keep good logs of all your trades whether they are good or bad. Keep a trader's journal. If you have a good trade, log it down why you entered the trade. If you experienced a bad trade, log it down why you have missed it, this will make you not to repeat the same mistake again. Don’t ever think that logging your trades are amateurish, even professionals does that. 17. If price action opens at the extreme SELL ZONE of the pivot points ... Read More

Live trade on USD/JPY yen pair

Categories: Daily Technical Analysis Tips and Picks

Fresh from the oven. Just traded this USD/JPY yen pair again! I have said in my previous post to short this pair. It is on a strong downtrend on the daily chart. I shorted this on a 15min chart again. Made another 40 pips, that’s 80 pips in a day! Look for trend, wait […]

Fresh from the oven. Just traded this USD/JPY yen pair again! I have said in my previous post to short this pair. It is on a strong downtrend on the daily chart. I shorted this on a 15min chart again. Made another 40 pips, that's 80 pips in a day! Look for trend, wait for negative divergence on RSI, you can also see spinning top candlesticks in a straight line, it is a major indecision. Since it is on a strong ... Read More

USD/JPY downtrend live daytrade

Categories: Daily Technical Analysis Tips and Picks

It will be crazy if you don’t trade USD/JPY pair. Look at the daily chart, it is on a very strong downtrend! Then go down to the 15min chart (see above). When you find any retracements, just short it. Look for signals for confirmation, like the way I traded this pair. Negative divergence on RSI […]

It will be crazy if you don't trade USD/JPY pair. Look at the daily chart, it is on a very strong downtrend! Then go down to the 15min chart (see above). When you find any retracements, just short it. Look for signals for confirmation, like the way I traded this pair. Negative divergence on RSI and Stochastic, accompanied by a strong rejection candlestick. Just Trade It! Look for major trends like this yen pair, follow the trend, wait for a retracement, look ... Read More

GBPUSD uptrend trade alert

Categories: Daily Technical Analysis Tips and Picks

GBPUSD is sitting on a multiple previous resistance on a Daily Chart. It is on a highly possible uptrend. It is a powerful uptrend as resistance becomes support . This is a signal to go long, so trade with the trend because it’s your friend. Never trade counter-trend, read my previous posts n 78 essential […]

GBPUSD is sitting on a multiple previous resistance on a Daily Chart. It is on a highly possible uptrend. It is a powerful uptrend as resistance becomes support . This is a signal to go long, so trade with the trend because it's your friend. Never trade counter-trend, read my previous posts n 78 essential strategies and you will know why. Never try to be a market maker because you are not, so go with the flow. Trade Well :) Read More

11 forex brokers to be aware

Categories: Forex Basics

11 forex brokers you should be aware of
Forex market is by far the largest market anyone can participate in. As an amateur forex trader, you may think that you can transform a few hundred dollars into millions of dollars just by trading forex. Well, this is a dream and it takes more than just guts […]

11 forex brokers you should be aware of Forex market is by far the largest market anyone can participate in. As an amateur forex trader, you may think that you can transform a few hundred dollars into millions of dollars just by trading forex. Well, this is a dream and it takes more than just guts to trade in the forex markets. If you are not sure how to trade the forex markets effectively, read some of my forex strategies and systems I ... Read More