Forex trading success on usd/chf on multiple convergence

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, did you catch the trade I sent out yesterday? Well well well, what did you know, it was unexpectedly great. Look at the USD/CHF chart…..

It went to the target area I have spotted; Multipe convergence on gartley patterns, double drives, support and resistance on the H4 and 150MA moving average. Read my previous […]

Hi Traders, did you catch the trade I sent out yesterday? Well well well, what did you know, it was unexpectedly great. Look at the USD/CHF chart..... It went to the target area I have spotted; Multipe convergence on gartley patterns, double drives, support and resistance on the H4 and 150MA moving average. Read my previous post on how I made a trade entry (click here gartley patterns). It just came right down with a 70 pips gain, if you trailed your trade. ... Read More

Buy Gold? rally or just bull?

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, here’s another gold story. And oh, if you missed my gold trading signals I told everyone to sell on $960 and $990, go back to my previous posts to see how it is possible to trade gold using technical analysis. Is it the time to buy gold again? Let’s see the daily gold […]

Hi Traders, here's another gold story. And oh, if you missed my gold trading signals I told everyone to sell on $960 and $990, go back to my previous posts to see how it is possible to trade gold using technical analysis. Is it the time to buy gold again? Let's see the daily gold chart..... Did you see a Head and Shoulders pattern? Yes, it is the Head and Shoulders reversal pattern! To complete the formation (and I think it is going ... 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

78 essential forex strategies - Part 3

Categories: 78 Essential Forex Strategies

11. MACD is the absolute king on the 15 min chart. In the hourly chart when the MACD is trending up, switch to the 15 min chart and see what the MACD is doing there, if it is trending down, you listen to the 15 min chart MACD. That does not really mean that a shift […]

11. MACD is the absolute king on the 15 min chart. In the hourly chart when the MACD is trending up, switch to the 15 min chart and see what the MACD is doing there, if it is trending down, you listen to the 15 min chart MACD. That does not really mean that a shift in price is not happening, It is warning that it is coming but not yet. 12. When MACD is trending down on the 15min chart and the price is ... Read More

Bollinger Stochastic Divergence System part 1

Categories: Bollinger Stochastic Divergence System

I have been using this system for Daytrading, it is quite reliable, a bit complicated for beginners who is new to forex.
Let’s get straight into business, what is Stochastic?
The Stochastic indicator is a momentum indicator developed by George Lane. It is designed to indicate when the market is “overbought” or “oversold.” Lane’s premise is that […]

I have been using this system for Daytrading, it is quite reliable, a bit complicated for beginners who is new to forex. Let's get straight into business, what is Stochastic? The Stochastic indicator is a momentum indicator developed by George Lane. It is designed to indicate when the market is “overbought” or “oversold.” Lane’s premise is that when a price increases, the closing prices tend to move toward the daily highs and, conversely, when a market’s price decreases, the closing prices move toward the ... Read More