November 2017 - Forex Trading For Profit

FOREX TRADING FOR PROFIT

Month: November 2017


GBPAUD – Bearish Engulfing and false Breakout from Inside Bar

AUD?USD

No ratings yet. GBPAUD – Bearish Engulfing and false breakout from Inside Bar is a good reason to get interested in this pair in the coming days, especially since this is happening at a fairly important level. A few days ago I wrote about this pair forming Inside Bars, the second of which was entirely Read the full article…



Bearish Engulfing on GOLD 21/11/2017

No ratings yet. GOLD on the daily chart formed a strong bearish engulfing formation yesterday. Layout is definitely bearish. On the chart I marked most of such formations. Of course not 100% of those formations are valid but they are enough strong that we should not ignore the yesterday’s . The chart indicates that the Read the full article…



USDJPY – Breakout from Inside Bar – 20/11/2017

No ratings yet. Trading Inside Bars –here you will find analysis based on one of the most known Price Action formation – Inside Bar. Statistics show that best results gives breakout from Inside Bar formation on Daily chart, so mainly this time frame charts will be analysed.   Last week on the USDJPY daily chart was formed an Read the full article…



Trading Price Action Patterns – Bearish Engulfing (Outside Bars)

AUD?USD

No ratings yet. When trading on the Forex market, we make decisions based on price action. In order to open the appropriate order we look at the graph and search answer to the question – which direction the price will move. On the candlestick chart (Japanese candles), the price creates recurring formations that can help Read the full article…



Strategy EMA144 – Overview of Setups 05/11/2017

AUD?USD

5/5 (3) At the beginning, let’s go back to the two setups I wrote about in the previous article. EURJPY H1– in line with the strategy Sell order opened at the crossing of price EMA144 (132.63), it would give until now around + 20p. EURUSD H1 – the price has crossed the average at 1,1666 Read the full article…



Analysis for Newbies: EURNZD and Head & Shoulders Formation

No ratings yet. EURNZD after a strong upward movement was not able to establish new maximum. This behavior of price indicates exhaustion among sellers, and technically means creating the right arm of head and shoulders formation. As you can see on the following 4-hour chart, the diagonal neck line of the formation was broken, but Read the full article…



EMA144 Setups – EURJPY, EURUSD – 01/11/2017

AUD?USD

5/5 (1) Some months ago I described a strategy based on the average EMA144. Its description can be found here: http://comparic.com/trading-based-ema-144/. Below you will find some trading ideas complying with the strategy assumptions. As the strategy often works on the M5-H4 intervals it is quite good for both scalpers and long term traders. Setups at Read the full article…