August 28, 2014 I’ve been going with the GBP/JPY the past couple days given it simply seems a bit more amenable to trades than the EUR/USD based on first glance alone. The pound-yen has provided some nice up-and-down movement whereas the euro-dollar has mainly been trending and/or just not providing very many good set-ups as […]
August 27, 2014 The European session opened up with a decent amout of volatility on the GBP/JPY, with large wicks on the opening candles spanning over fifteen pips. The market first rose up to the daily pivot level of 172.264 although no trade set up in the way in which I approach the markets, given […]
August 25, 2014 Monday was one of those trading days where there’s a decent amount of movement, yet not much going in the way of actual trade set-ups. Pivot points weren’t a factor and it took a price level to manifest on its own from the price data to actually get something worth trading. On […]
August 26, 2014 Recently, Markets World announced that they would be improving their payouts system, such that 70% would be the new minimum payout, while 100% would be the new maximum. Along with their recent addition of 60-second options, the idea of course is to obtain and maintain new customer’s that might be attracted by […]
Trade With The Trend, But Which One? Trading both sides of the chart is one way to super charge your trading. You can effectively increase the number of effective signals you get by simply opening yourself up to trading both bullish and bearish positions. I don’t mean you should be trading both at the same […]
August 22, 2014 In trading, it’s often best to stick with what you’re familiar with and good at. Positive habits tend to build positive results in all facets of life, and it really isn’t any different when it comes to trading. Therefore, I tend to stick with currency pairs, namely major currencies (like EUR/USD, GBP/JPY), […]
August 21, 2014 The market started off in a nice, uptrending climb toward the daily pivot. Naturally, I had expected the pivot point to be the first level in play on this trading day. The market came within a pip, but started reversing, offering about a seven-pip retracement to at least temporarily pause the uptrend […]
This is a compilation of tips and tricks I know for trading with support and resistance lines. The tips range from where to draw the lines, to how to confirm the lines, ways to trade and how to derive some targets. For more information on what, why and how support and resistance lines work check […]
August 18, 2014 Even for those with plenty of trading experience and have had a pretty good period of consistent success, there are often times in the market when you debate about whether a set-up is worth taking. You can have had been exposed to thousands of market scenarios in the past and have a […]
August 15, 2014 Another day of trading the GBP/JPY. The EUR/USD is my standby as I’ve mentioned, but changing things up a bit from time to time (as in trading a different, but not totally different, asset) can be okay. Monotony is trading is actually a good thing to some degree in that repeating the […]