October 2016 - Forex Trading For Profit

FOREX TRADING FOR PROFIT

Month: October 2016


Funding your Forex Account

Funding your Forex Account

5/5 (1) Is your Forex account properly funded? I often get a lot of questions on how much initial funding is needed to start trading Forex? I have found that a lot of new traders have the mindset to start trading with as little money as possible. Funding your Forex account with the right amount is Read the full article…



AUD/USD tightening range

aud/usd tightening range

No ratings yet. AUD/USD tightening range The Aussie has continued to be range bound with in the symmetrical triangle. Being rejected again for the second consecutive week, and forming a double rejection again on the weekly. For three consecutive weeks now price has closed and opened with in a 20 pip range indicating indecision in the Read the full article…



Aussie CPI remains subdued

No ratings yet. AUD sky rockets on deceiving CPI figures At a glance Australian CPI figures come out green with inflation rising 0.7% last quarter which is better than the forecast of 0.4%. This 3rd quarter brings inflation to 1.3% and at this stage remains very unlikely it will reach the inflation target set by the Read the full article…



AUD/USD False breakout – labor market concerns

AUD/USD false breakout

No ratings yet. AUD/USD False breakout ? The Aussie sell off on Thursday was sparked by the labor market data release. It came to no surprise as Governor  Philip Lowe had already commented his concerns of the labor market in his speech on the 18th and in the latest monetary policy meeting minutes. Technically the Aussie was already at Read the full article…



Trading Forex – journey as a retail trader

Forex Appreciation & Depreciation

No ratings yet. Trading Forex Trading forex is not about making a million or getting rich its more about investing than anything else. Some of the best fund mangers in the world struggle to make a 5% per year gain on a consistent basis. How I like to see trading forex is making a profit. Those that treat Read the full article…



AUD/USD Technical Levels, Head and shoulders

No ratings yet. AUD/USD Technical Levels 4H Head and shoulders A Head and shoulders  pattern has developed on the 4H chart and makes a good immediate short entry under trend resistance on the H1. Lets first take a look at the higher time frames. Weekly chart The weekly chart price has respected the trend resistance and Read the full article…



GBP/USD The Aftermath

Cable gaps on open

No ratings yet. Cable Gaps down, GBP/USD The Aftermath Cable gaps down on open after Fridays crash and what would of usually been a a nice gap of 50 pips it looks non existent compared with the 700 pip candle on Friday. The Gap was quickly filled and now looks to the downside once again. Price now Read the full article…



Profit taking USD/JPY

Profit taking on USD/JPY

No ratings yet. Profit taking USD/JPY at resistance 104.00. After the rapid rally on U/J last week it rose enough for some nice profit taking and now expect it to fall back towards support levels. Price was rejected off the 100ma on the daily at 104.00. This was expected given the rate U/J rallied made a Read the full article…



Pound crashes – Brexit all over again

No ratings yet. Pound crashes on low liquidity This morning thousands of traders woke up having their positions taken out account wiped out and being left with wondering why and how did this happen. My chart shows a low of 1.19164 on Pepperstone but has been noted to fall as low as 1.11. Lets try and Read the full article…



New live trades added

long USD/JPY

No ratings yet. Short on Kiwi After a gravestone Doji on the H1 chart I have entered a short on the kiwi with a take profit of .72750. The kiwi remains a short on highs at these levels for me. For safe trading place stoploss above doji candle high. Long on U/J I have also been Read the full article…



Cable Buy signal triggered

GBP/USD Live trade

No ratings yet. GBP/USD buy signal The pound has fallen to its post Brexit support level and where long orders will start to be accumulated as price consolidates promoting a GBP/USD buy signal. Manufacturing PMI continuing to expand as a good pace and highest level since 2014. These figures confirm that Brexit has a limited effect on UK and Read the full article…



Technical Analysis AUD/USD interesting levels

Technical Analysis AUD/USD

No ratings yet. Technical Analysis AUD/USD at interesting levels The Aussie is at interesting levels being at a monthly resistance. These current technical levels is where the current down trend can either be compromised or rejected. On the monthly chart a typical continuation pennant has formed. Volume has expanded into the initial move of the pattern and contracted on Read the full article…