The 10 Min Forex Wealth Builder is one of those systems that I really like, because it keeps the entire process of forex trading as simple as possible, but not driving the forex trader insane. I’ve purchased and gone through quite a few trading systems in my time, and while I’ve come across quite a few good ones (and some really atrocious ones), they generally require already existing experience and background knowledge to implement.

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The GBPUSD has formed a trading range over the past month or so. It’s currently hitting the resistance level of the trading range, and this gives us a potential breakout trade happening.
The GBPUSD: Potential Breakout Trade

There are many good trading systems available in the market place, but one of the most consistent, robust and proven [...]

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After some nice moves at the end of 2007, the forex markets have moved into a trading range that would have caused trend traders some grief! But for the more nimble traders able to recognize the market changing, trading reversals at support and resistance levels would have brought in some nice profits!
The EURUSD Daily Chart
The [...]

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What are Swing Highs and Swing Lows? How do you define what a Swing High or Swing Low is?

When you are trading with charts, knowing this basic price pattern comes in very useful in identifying when prices have put in a swing high or swing low.

Together with Support and Resistance levels, candlestick patterns and other [...]

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Fibonacci Ratios can be used in the financial markets to find potential support and resistance levels. They can also be used to find potential price targets.
If you’ve ever wanted to learn how to use Fibonacci Ratios in your trading, I’ve put up two pages on how to use the Fibonacci Retracement and Expansion (a.k.a. Extension) [...]

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There are 3 new pages on this site on using charts to trade the forex. It took me about 2 hours to create each page, so I hope there are some things that you can learn from them!

Here are the 3 new pages:

Using Trend Lines
Identify Support and Resistance Levels using Historical Price
Reading and [...]

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This is a follow up post on the USDCHF 1-2-3 chart pattern breakout with ADX determining trend strength. The first two posts can be found below:

USDCHF Trend Strength Part 1
USDCHF Trend Strength Part 2

USDCHF Trend Strength (ADX) and 1-2-3 Pattern Follow Up
When the USDCHF broke through point #2, it simply blew past the FE 100.0 [...]

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This is a follow up post on the EURUSD Bullish Break Out. Let’s take a look at what happened over the past few days since the lesson was first posted.
The first post can be found here:

EURUSD Bullish Break Out (Part 1)

EURUSD Bullish Breakout Part 2

A potential trend on the EURUSD was highlighted in the earlier [...]

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In a previous post to illustrate the possible use of the ADX, the USDCHF was used as an example. You can view the previous post here.
Here’s what happened after the post was published.

1-2-3 Chart Pattern

I’ve marked out the 1-2-3 chart pattern on the above chart. The trade entry would have been placed on the break [...]

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Earlier in one of my posts, I outlined a possible chart pattern trade setting up in the USDCAD. You can read the initial post here.

Today, I’ll follow up the trading lesson with the USDCAD Head and Shoulders Chart Pattern.

Following Up With The USDCAD Chart Pattern Trend Trade

You can see in the chart attached that the [...]

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