Daily tips, tricks & analysis

I am a professional Forex trader and fund manager, and I will in this thread explain:

1. How I made a very profitable system
2. Give analysis with charts and trading ideas
3. Explain how to be successful in Forex, through advice and examples.

Feel free to join this thread and you can write about those points. Non-relevant posters will be banned.

I will in later posts also show my long term results.

Mislav

Today I see a nice example on GBPUSD of a bearish rising wedge. We already got a breakout and retest of previous support.

4h chart
I actually draw those lines few days ago, and we can see how price is respecting previous support.

daily chart
Red line is a resistance zone. Rejection from this zone will make double top, marking another confirmation of a reversal.
I like trading with pending orders, so I would place sell pending order below the current candle.

Waiting for next lecture

USDJPY making the double top, then breaking the support line.
Currently, we see price retesting the previous support line. If the price bounces down, we have a great sell opportunity, by the textbook.
4H chart

On the daily chart, we are in a bearish channel, and a move down is also likely.

Happy trading