Respect the MARKET Please!!!

Categories: Forex Trader's Journal

Hi Traders,
I have a system that will make you rich in 2 months, it is a wonderful forex system that is easy to learn and use. Just give yourself 2 days to learn the system and 2 months to try it out, you will be making $15k every month! I got testimonials piling up everyday, […]

Hi Traders, I have a system that will make you rich in 2 months, it is a wonderful forex system that is easy to learn and use. Just give yourself 2 days to learn the system and 2 months to try it out, you will be making $15k every month! I got testimonials piling up everyday, so much so that it overwhelms my inbox. LOL, heard that stuff before? It is all over the newspapers, internet and even junk mails. And the sad ... Read More

Beijing Olympics humor

Categories: Forex Trader's Journal

No offence, but it’s Funny!

Not enough? Want some more…………..

No offence, but it's Funny! Not enough? Want some more.............. Read More

GBP/USD position trade set-up

Categories: Daily Technical Analysis Tips and Picks

Hi Forex Traders, this is the trade set-up that I promise to update. Below you can see the H4 chart of gpb/usd which I executed, please study them carefully, if you think that this is simple stuff, you are really amateur, price action is king and it will stay that way…..

First of all, we have […]

Hi Forex Traders, this is the trade set-up that I promise to update. Below you can see the H4 chart of gpb/usd which I executed, please study them carefully, if you think that this is simple stuff, you are really amateur, price action is king and it will stay that way..... First of all, we have settled that the gbpusd is on an uptrend on the weekly chart and I will not dwell on that anymore, if you are unsure of how to ... Read More

GPB/JPY exit

Categories: Daily Technical Analysis Tips and Picks

Hi Trader, I have exited the gbpjpy trade. See the H1 chart below…..

Look at the H1 or hourly chart if you like, it has a spinning top candlestick, followed by a doji, and the momentum of the third candle is losing power. As this is a counter-trend trade, I tend to be less optimistic, any […]

Hi Trader, I have exited the gbpjpy trade. See the H1 chart below..... Look at the H1 or hourly chart if you like, it has a spinning top candlestick, followed by a doji, and the momentum of the third candle is losing power. As this is a counter-trend trade, I tend to be less optimistic, any sensitivity to the price action, I will be ready to get out. And most importantly, the London Session is over, so I am not so interested in ... Read More

GPBUSD and GBPJPY live trade in session

Categories: Daily Technical Analysis Tips and Picks

Hi Traders,
I have 2 trades now still on live, you can see it for yourself. I will be brief here, as I am still in the trade, will update full trade set-up once I am out of the trade. As I am writing this, I am already more than 100pips on each of the trades, […]

Hi Traders, I have 2 trades now still on live, you can see it for yourself. I will be brief here, as I am still in the trade, will update full trade set-up once I am out of the trade. As I am writing this, I am already more than 100pips on each of the trades, that is more than 200pips altogether. The first trade is as follows GBP/USD..... You can see on this H4 chart, the price just hit a sustainable support and ... Read More

GBP/JPY price action forex trade

Categories: Daily Technical Analysis Tips and Picks

Hi Traders,
As promised, I am updating my last trade, the same time as EUR/GBP previously traded (see my previous post). This is another position trade, even though it lasted less than a day, but I still consider it as a position trade rather than a daytrade simply because I executed this trade on H4 […]

Hi Traders, As promised, I am updating my last trade, the same time as EUR/GBP previously traded (see my previous post). This is another position trade, even though it lasted less than a day, but I still consider it as a position trade rather than a daytrade simply because I executed this trade on H4 chart. This is another trade based solely on price action and support and resistance. Now let's go straight to the weekly chart and start analysing the set-up. Can ... Read More

EUR/GBP position trading

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, it’s been sometime I have been updating my trades. reasons due to my other business need my attention, and also most importantly I don’t see any trade set-ups when I have a chance to see the charts. I have traded this pair yesterday, because I find it too good to let go. Let’s […]

Hi Traders, it's been sometime I have been updating my trades. reasons due to my other business need my attention, and also most importantly I don't see any trade set-ups when I have a chance to see the charts. I have traded this pair yesterday, because I find it too good to let go. Let's analyse this EUR/GBP together. First, let us visit the EURGBP weekly chart...... What do you see? Answer: UPTREND!!! Well done. Simple right? Next let us visit ... Read More

GBP/USD daytrade strategy exposed

Categories: Daily Technical Analysis Tips and Picks

Sorry folks, been away for a week or so. But here’s the deal, just done straight of the oven. Have you notice positive divergence on the MACD and Stochastic on GBP/USD on horly chart. When you see such signals, get ready to long. Get a fibonacci and pull it from the recent swing […]

Sorry folks, been away for a week or so. But here's the deal, just done straight of the oven. Have you notice positive divergence on the MACD and Stochastic on GBP/USD on horly chart. When you see such signals, get ready to long. Get a fibonacci and pull it from the recent swing hi and swing lo. You will see that the fibonacci 38% converge with one of the pivot points, this is the area where you want to watch ... Read More

Trading education gone wrong?

Categories: Forex Trader's Journal

Dear Traders, would-be traders and aspiring traders,
It saddens me today ad learn that more and more self-proclaimed trainers are taking over the newspaper advertising space. They promise you that if you sign up their trading program or courses, you can start trading in no time. Ever heard of over-promise and under-deliver?
I have known chartist, technical […]

Dear Traders, would-be traders and aspiring traders, It saddens me today ad learn that more and more self-proclaimed trainers are taking over the newspaper advertising space. They promise you that if you sign up their trading program or courses, you can start trading in no time. Ever heard of over-promise and under-deliver? I have known chartist, technical analyst and even analyst for Dow, all of them has never proclaimed themselves as gurus or have found the "Holy Grail" of trading, and yet in their ... Read More

78 Essential Fx Strategies - Part 6

Categories: 78 Essential Forex Strategies

26. Even if MACD is trending up does not mean the trend is not coming to an end. You should always check with other signals to confirm.
27. Time and again I can never stress enough to tell you not to enter a trade when price is in between pivot points. Buy in the buy zone and sell […]

26. Even if MACD is trending up does not mean the trend is not coming to an end. You should always check with other signals to confirm. 27. Time and again I can never stress enough to tell you not to enter a trade when price is in between pivot points. Buy in the buy zone and sell in the sell zone of pivot point trading. If you are not familiar with pivot point trading, go to my earlier posts on pivot point trading. 28. Forex is ... Read More