This is a follow up post on the EURUSD waiting to break out of a “mini-range”. The original post can be found here.
The EURUSD was trading within a range earlier, and we were waiting for a breakout to either side of the range. This is what the chart looked like:

Based on simple chart reading, we [...]

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This is my third week of day-trading the 5EMAs Forex Trading System. The result at the close of this week is a -7.08% on the account.

A Review of My Day Trading This Week
After going through a review of the trades that I took this week, I noticed a couple of signs in terms of implementing [...]

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This is why we should always test out trading strategies, systems and routines over a period of time before going live.
In the past 2.5 days, the forex currency pairs that are on my day-trading watch list have gone into “abnormal” trading behavior. If you’ve been following my recent posts, you’ll know that this is [...]

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Have you attended 2 - 5 day trading courses and at the end of these courses feel so hyped up and motivated to start trading?

During the trading course, everything appears simple and easy. Sometimes, what you see in trading courses are so clear that you can wonder what’s the fuss about how difficult it is [...]

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This is the second week of day-trading the 5EMAs Forex Trading System. This week, the result wasn’t as good as the first week where I made +5.13%. This week, I made only a +4.47% Return on the Account.
Day Trading Perfection
Also, this week I had my first losing trade using the 5EMAs Forex Trading System. I [...]

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The EURUSD is making a small consolidation on the daily chart. The previous trend has been a strong and clear upward move, and it’s more likely that the EURUSD will breakout upwards to continue the trend.
EURUSD Daily Chart: 18th October, 2007

Bigger Picture
On the bigger picture, we can see that the EURUSD is nearing the highs [...]

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The GBPUSD has been trading within a range lately on the daily chart. So if you’re a position trader, you might be getting a little impatient and itching to trade.
Daily Chart of GBPUSD 18th October, 2007

Where will the GBPUSD go?
The trend prior to the trading range has been up, so there is a possibility [...]

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As a forex trader, one of the things you have to contend with is the different values each currency has in terms of the US Dollar. This can make determining your position size quite troublesome, especially when you want to calculate a trade size in a hurry.

Here’s how I do it using a Free Forex [...]

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There are several Forex Trading Tools available to a trader. Yet with the multitude of such tools, the number of traders that make it to consistent profits are still so few. So the question that begs to be asked is:

If it’s not the forex trading tools that make a successful trader, then what does?

Some of [...]

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Each day, you make so many decisions about your life. When you wake up in the morning, what clothes to wear, drive your kids to school, which route to take, what to eat for breakfast, and whether to stop off to fill the gas tank. Each decision that you make requires little thought, and are [...]

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