Student’s Comment:
 
In the following chart EUR/USD I would try to enter the market at 1.3500 and make a stop position at 1.3450.
 

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Student’s Comment:
 
Daily GBP/USD. I would look to get short if price tested the 38.2 level again, but only with candle stick confirmation.
 

Continue reading " Fib Line First…Price Action Second "

One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
 

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Trading a news release can be a humbling experience at times.

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Student’s Question:
 
Is this still a good buy as it approaches the support line a third time? 
If it was to breach the support line would that indicate a reversal of the trend?

Continue reading " USDCHF Trendline Support "

Sometimes markets like to catch too many traders leaning too far in one direction by sprinting in the other direction just to shake things up.

Continue reading " EUR/USD "

Short-term day trading, often known as scalping, has become an increasingly popular form of trading. Grabbing fast pips on one-minute charts and closing down the

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Student’s Question:
 
I would short the pair at the 50.0 or 61.8 Fib level.  What do you think?
 

Continue reading " Break of Trendline Resistance and the 200 SMA "

Student’s Question:
 
As you can see, I had some difficulties drawing the trendlines of the daily USDJPY one year chart…could you enlighten me on this?  Thanks.

Continue reading " Drawing a Trendline "

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