Forex Continuation Candlestick Pattern – Triangles

This post is inspired by one of the reader of this blog. In this post, I will be sharing with you how I draw triangles candlestick pattern on my chart. First of all, let me go through some basic information about the this candlestick pattern. The triangles are simply a sign of consolidation and it [...]

Forex Trading Signal Week #26 2010

1) Forex Trading Signal For GBPJPY Forex Trend Analysis Weekly Chart: Strong Bearish Daily Chart: Strong Bearish 4 Hourly Chart: Flat Hourly Chart: Weak Bullish From the trend of these 4 charts, it can be seen that there is a consolidation occurring for this currency pair and a strong movement is going to occur pretty [...]

Trading With Bollinger Bands Made Simple

The Bollinger band is an indicator that is made up of an upper line, a lower line and a moving average line in between the 2 bands. Trading with Bollinger bands can help you to have an understanding on the market conditions. With a better understanding of the market condition, you will be less likely [...]

Forex Trading Signal Week #25 2010

1) Forex Trading Signal For GBPJPY Forex Trend Analysis Weekly Chart: Strong Bearish Daily Chart: Strong Bearish 4 Hourly Chart: Flat Hourly: Flat The trend for this week continues to be flat as the market is still in the process of consolidation. Forex Technical Analysis Weekly Chart As stated in the previous 2 weeks, the [...]

Questions And Answers For June 2010 (Part II)

Below are the questions that the subscribers to this newsletter have asked and I hope that all of us will benefit from it. Keep it coming! Question #1: In the news…China will be revalueing the Juan. How do you think this will affect the other currencies. I am mainly interested in the Greenback, the Aussie [...]

Forex Trading Signal Week #24 2010

1) Forex Trading Signal For GBPJPY Forex Trend Analysis Weekly Chart: Strong Bearish Daily Chart: Strong Bearish 4 Hourly Chart: Flat Hourly Chart: Weak Bullish As a whole, the trend for this currency pair is flat although the higher time frames are showing strong bearish signals. This is because of the indecision of the traders [...]

How To Create Wealth From Short Term Forex Trading

Do not be mistaken that you can only create wealth from short term forex trading and not long term trading. In fact, you can make money from both type of trading style but what I am going to show you are how you can create wealth from short term forex trading strategies like scalping and [...]

Forex Trading Signal Week #23 2010

1) Forex Trading Signal For GBPJPY Forex Trend Analysis Weekly Chart: Strong Bearish Daily Chart: Strong Bearish 4 Hourly Chart: Mix Hourly Chart: Weak Bearish As a whole, the sentiment for this pair is DOWN. Forex Technical Analysis Weekly Chart The price continues to move within the trend channel. There is not much we can [...]

Is Trading Forex For a Living Possible

I have received several emails from readers of my blog asking me whether trading forex for a living is achievable. Therefore I am going to answer this question here on this post so that anyone reading this blog will benefit from it as well. If you have been following my blog, you will know that [...]

Questions And Answers For June 2010 (Part I)

All these questions are made possible with the help of our newsletter subscribers and I hope that more of you will participate in this section so that all of us can grow our trading knowledge together. Question #1: How much would I have to lose before a margin call is implemented? This question depends on [...]