Did that catch your attention?
It did, didn’t it?
After purchasing the 10 Min Forex Wealth Builder trading system, it took me a couple of days before I …
Did that catch your attention?
It did, didn’t it?
After purchasing the 10 Min Forex Wealth Builder trading system, it took me a couple of days before I …
Tags: Forex Trading · Forex Trading Strategy · Forex Trading Systems · Trading Journal · Trading Lessons · Trading Thoughts
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 [...]
Tags: Forex Trading · Support and Resistance · Trading Lessons · Trading Range · Trading Thoughts
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 [...]
Tags: Support and Resistance · Technical Analysis · Trading Lessons · Trading Range · Trading Thoughts
Along your trading journey, you will learn several trading ideas and concepts that seem to work every so often, but fail to work again almost every other time. It can be difficult and frustrating when you have done your “homework”, paid your dues in time, energy, discipline, review and continual studies but you still can’t [...]
Tags: Forex Trading · Trading Lessons · Trading Thoughts
One of the major stumbling blocks to trading success (and in fact every other human endeavor) is what goes on in the mind. This is why as a trader, you must prepare your mind for trading success as well as learn the basics of successful trading.
When your mind works against you, even if you have [...]
Tags: Forex Trading · Trading Journal · Trading Lessons · Trading Psychology · Trading Thoughts · Trading Tools
Here’s a case study for trading the EURUSD End Of Day.
The EURUSD has hit into monthly resistance levels that were outlined much earlier in previous posts.
Would it continue to run, or turn round and head back down?
Trying to pick tops and bottoms is tricky business. Especially in currencies where markets tend to trend far longer [...]
Tags: Chart Patterns · Forex Trading · Forex Trading Strategy · Technical Analysis · Trading Lessons · Trading Thoughts
I’ve been trading the 5EMAs Forex Trading System over the past 7 weeks, testing it out in various market conditions and getting to understand the logic behind this system.
Does the 5EMAs Forex Trading System work?
In a word, yes.
You would still have to practice and put in the necessary screen time to effectively use the 5EMAs [...]
Tags: Forex Trading · Forex Trading Systems · Trading Lessons · Trading Thoughts
This is the 7th week of Forex Day Trading with the 5EMAs Trading System. This week, I only took 3 trades, with all 3 trades turning out to be winners.
My Day Trading Results With The 5EMAs Forex Trading System
This is the week by week results for forex day trading with the 5EMAs Forex Trading System.
Starting [...]
Tags: Day Trading · Forex Trading · Forex Trading Systems · Trading Thoughts
In the course of your trading education, you’ll come across many various trading strategies, tactics and techniques. Some of them might make sense to you, some of them won’t.
There are traders who have traded for quite some time (and I mean in terms of years, not weeks or months) who still find it difficult to [...]
Tags: Forex Trading · Trading Lessons · Trading Psychology · Trading Thoughts
This is the 6th week of day trading with the 5EMAs Forex Trading System. I’ve started applying more trading discipline this week, with only 4 trades taken.
My Forex Day Trading Results With The 5EMAs Forex Trading System
These are the week by week results over the past 6 weeks of taking the complete 5EMAs Forex Trading [...]
Tags: Day Trading · Forex Trading · Forex Trading Systems · Trading Lessons · Trading Psychology · Trading Thoughts