Wish all new traders realize this early in their trading careers.

A good trade setup forming in GBP/USD On Wednesday, the GBP/USD tried to blow past the 1.5800 level only to drop back below that zone today. The real question is going to be whether or not this is a sign of real strength, or if it is a simple retest ...

Interesting

Can you tell that Gold is in a downtrend? Gold is definitely facing stiff resistance at $1685 and has been capped by this significant resistance zone $1685-$1700.The chart below clearly illustrates the fact that the yellow metal is in an obvious ...

GBPJPY uptrend gathers steam GBPJPY - Inside bar from core resistance turned support The GBPJPY is a monster when it comes to making massive moves especially when following a trend. The pair broke the core resistance(139.72) on 31st Dec,2012 ...

Yen weakness continues The USDJPY has completed a deeper correction as was discussed in the trade signal on January 16. Currently this pair is going from strength to strength. While we were able to enter a position with amazing accuracy at 88.10, ...

USD/JPY on a pullback The price action in forex on Tuesday was more indicative of a 2-way street, principally on the yen, but also elsewhere. We saw some reversal a week ago on dollar-yen, but this was undermined by the rally into the end of last ...

Euro bulls too strong Even as many investors and analysts believe that the statistics and data releases can greatly impact currency price movements, thus foretelling in regards to future advances within those economies, the study of price action ...

How to identify a good retracement trading opportunity? The Aussie dollar had earlier seen some intense selling followed by correction to a fair value this week. We have identified 1.0342 as the former support & current resistance and hence its a ...

I hope to ride this one long. Just took a EU trade. How to trade the inside bar

Trade Result: -$88.43

Trade Result: -$90.96

Trade Result: -$80.38

Trade#6: CADJPY Another case of a 19th Pin bar followed by a bearish candle on the 21st closing below a core resistance level. Sell @85.00 T/P 82.72 S/L 85.90 Possible Risk=$100.00 & Possible Reward=$250. R:R=1:2.5

Trade#5: CHFJPY After a Pin bar on the 19th and a bearish candle on the 21st closing below the core resistance of 92.23, I decided to go short. Sell @92.233 T/P 90.158 S/L 93.100 Possible Risk=$100.00 & Possible Reward=$240. R:R=1:2.4

Trade#3: EURGBP Retest of resistance and rejection in the form of a pin bar and 2 other rejection candles calls for a move South. Sell @0.81325 T/P 0.80367 S/L 0.81707 Possible Risk=$100.00 & Possible Reward=$547. R:R=1:2.52 Trade#4: EURGBP Got in ...

Trade#2: GBPUSD A BIG bearish pin bar on the 19th followed by a huge bearish candle on the 21st meant the momentum now was shifting to the downside. The bearish candle on the 21st closed below the key support of 1.6174 confirming the weakness. SELL ...

UPDATE: After suffering a string of losses due to over-trading I have decided to stop trading the H4 charts for a while. From now, I'd only be trading D1 charts and hence I'd like to number my trades henceforth. Trade #1: Sell GBPUSD (Note: Uploaded ...

Trade Result: -$121.40

Turns out I ended up calculating the pip value wrong hence my position sizing went for a toss. However, I have only myself to blame for the decision to enter this trade. Trade Result: -$497.12