Monthly Archives: June 2007

You don’t want to hear it, but it’s crucial to your forex trading success…

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!If you are not an institutional investor right now, put yourself in the position just for a moment, that it is your JOB and function in life to trade,each and every day except for vacations/holidays…
You sit down at your […]

GBP/USD 29-6-07 How This Paid Made Easy Pickings…

My trading for the week is over except for my [Chicago PMI-tec] “test” which members of my ezine know about… (see http://www.fasttrackforex.com) or sign up on the right of this blog.
I want to explain to you why I went long in cable this morning and how I made my 10 pips. Actually I made 13 […]

Stop Loss Money Management

Using a stop-loss in forex trading is a money management tool. One of the questions I get most often from members and query makers is where do you set your stop loss?
There’s a plethora of myths, systems, strategies, must-dos, never-do’s etc all over the internet regarding how to manage your money as a forex trader […]

USD/JPY Support

I identify the next strong level of support on the USD/JPY by drawing in Fibonacci Retracement lines on to my daily and hourly chart in this instance.
Since we have stormed through more than 125 pips since I posted the trade last night of my short of USD/JPY I am now looking for potential correction levels […]

A Triple Top & Other Forex Japanese Candlestick Formations

Below is a picture of what I would call a “triple top” (first grey circle). In forex trading of Japanese Candlesticks, the triple top is not so strong a signal as the double top, but nonetheless the one in the diagram is a good one. Notice how the price hits the resistance first once, then […]

Trading The US and Asian Session…

Tonight could be a long night!
It’s 19.51 here in the UK.
For those starting out in forex, I recommend trading only the UK business hours 9-5, but as you probably know if you know even a little about forex, this is a 24/5 market that operates with no central exchange, and round the clock.
I saw an […]

Moving Average Crosses

Moving Average crosses in forex refer to the crossing over of a short term and longer term period moving average on a given chart.
This is supposed to signal an entry when combined with other lagging indicators. Either that or the price crossing.
What I have found with using moving average crossovers on shorter term timeframes using […]

Forging A Forex Future…

Do you have a trading plan?
What is a trading plan?
How can you have a trading plan when you don’t know what’s going to happen?
When do you need a trading plan?
A trading plan is a series of goals or stepping stones which are going to take you towards the fulfillment of your objectives for trading the […]

The VOTE!

If you are a member of my ezine, you will know what this post is about. To become a member (it won’t cost you a dime) either sign up using the box on the right or at the bottom of this page or visit http://www.fasttrackforex.com/ and use the form there.

So where?

Thailand

Online

Other

View Results

A Forex Trading Method That Works…

I was given this excellent question by a customer of mine via email today…
“What is one technique(s) that is/are consistently profitable for forex trading?”
In fact I’d be willing to say that probably this question goes through the mind of every retail forex trader (who has not been trained in an institution) in the evolution of […]