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The Five Golden Rules of Forex Trading

No ratings yet. If you are interested in forex trading then it is important you understand it is more of an art rather than a science. At the best of times, the Australian forex market just like any other in the world can be uncertain and volatile. Therefore, market traders who have little or no Read the full article…



Why is the same chart explained differently by traders?

No ratings yet. It is very hard to convince someone that you are right and he is wrong. Most of the time, the person you are arguing with remain in his conclusion that he was right the whole time. This article will not tell you how you can win an argument with the other traders Read the full article…



USDJPY – In a bullish channel 11th of May

AUD?USD

No ratings yet. USDJPY – Last Friday I analyzed this pair predicting declines, which turned out to be quite limited, as they amounted to only 50 pips. When the pair reached the bottom of the channel in which it is moving since March this year, there was demand and the price went north again. Today, Read the full article…



EURAUD – Head & Shoulders heralds Declines ? 05/04/2018

AUD?USD

No ratings yet. EURAUD – I have written about this pair twice recently. On Wednesday last week I analysed a bearish formation (Outside Bar) which was formed on this pair. This week, the price left the formation thru the bottom falling to the nearest support level of 1.5980. There was a demand reaction that led Read the full article…



EURAUD – Retesting Outside Bar -03/04/2018

AUD?USD

5/5 (1) EURAUD – in the previous analysis (29/03) I described the formation of the Bear Market (Outside Bar), which as a typical bearish formation pointing to declines. The predictions proved correct, the price left the formation thru the bottom and reached the level of the nearest local support of 1.5980 (the blue zone). According Read the full article…



EURJPY – False Breakout from Inside Bar and a chance for Declines 15/03/2018

No ratings yet. EURJPY moved in the ascending wedge from August 2017. On 7.02 this year had overcome its lower limit and began dynamic declines. The price reached 129.30 where an upward correction began. The candle from March 8 creates until today an Inside Bar from which we already had two attempts to break the Read the full article…



The truth about Forex trading profession

No ratings yet. Many people invest in Forex by being mesmerized by the name and the profit in it. They know it is a profitable market but what they do not know if they can only make the profit in this market if they win the trades. This is so hard in Forex that you Read the full article…



NZDUSD – Breakout from Weekly Inside Bar -28/02/2018

AUD?USD

4/5 (1) Quotations on NZDUSD last week (19-24.02) were included in the range of the candle from the previous week (12-17.02), therefore the formation of Inside Bar was formed with the range of 0.7430-0.7230 – around 200 pips. At the beginning of the year, the pair broke the 7-month downward trend line (thin blue line). Read the full article…



EURJPY – Break Out from Ascending Wedge Heralds Declines – 12/02/2018

AUD?USD

5/5 (1) EURJPY – on Thursday last week, the price broke out from a ascending wedge build from September 2017. On Friday there was a very precise re-test of the lower limit of this wedge, and the session ended at 133.25. Technically, the situation seems quite clear, the likelihood of continuation of declines is very Read the full article…



What makes trading forex so popular?

5/5 (1) What makes trading forex so popular? For a long time, currencies have been one of the most popular asset classes to trade and forex trading continues to grow in popularity.  This does not come as a surprise to veterans who have been beneficiaries of its consistent growth for over a decade.   Initially Read the full article…



EURNZD – Head & Shoulders heralds declines ?

AUD?USD

5/5 (1) EURNZD – the current situation on this pair confirmed the downward scenario described in the analysis from January 8 –http://comparic.com/eurnzd-leaves-channel-attacks-neckline-hs-08012017. This is how situation looked like on EURNZD on January 8, when the pair broke the neck line of the formation Head & Shoulders. I expected return of the price to the bottom Read the full article…



USDJPY – Attack on Head & Shoulders Neckline

AUD?USD

No ratings yet. USDJPY – The year 2018 began with quite intense declines, since the opening of Asian markets (some are still celebrating), the pair has dropped 60 pips. On the Daily chart, we can see a characteristic Head & Shoulders formation, where the right arm (113.75) was confirmed by the next lower high created Read the full article…



Bitcoin Sell Off – but do not fear

Bitcoin

5/5 (7) Bitcoin sell off leaves traders and investors concerned Just few hours after bitcoin almost reached a mind blowing $20,000 USD at the start of the week,  the top of the blockchain crypto currency started to sell off with a massive plummet today. This price action has been right across all the major cyrpto Read the full article…



EURNZD – Head & Shoulders and Breakout from Bullish Channel

AUD?USD

5/5 (1) EURNZD – situation on this pair becomes more and more clear. The pair has been growing since the first days of February this year, and since July it has been moving in a growth channel quite closely respecting its lower and upper limits. On Tuesday, the price left the channel, breaking its support Read the full article…



NZDUSD – Three Reasons to be Bullish ?

No ratings yet. When doing a technical analysis of a currency pair or some other financial instrument, we should try to find on the chart as many formations as possible that will strengthen our belief that the instrument will behave in line with our expectations, frankly said we look for confluence. Confluence in this case Read the full article…



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…



How to Trade Morning and Evening Stars

No ratings yet. Japanese candlesticks are extremely popular among retail traders these days. To be more exact, not only retail traders use the Japanese candlesticks, but almost everyone involved in trading. There is a simple explanation for this: the setups offered by these candlesticks are powerful. Retail traders make about six percent of the whole Read the full article…



Review of Price Action Setups AUDJPY, EURJPY, EURUSD, GBPAUD, NZDUSD – 30 October 2017

AUD?USD

No ratings yet. We are starting a new week in the markets. Last one was extremely interesting and there were a lot of investment opportunities. You can read about my positions and new potential entries below: AUD/JPY: Pair reached key support and rebounded from it on Friday. However, there was no buy signal complying with price action Read the full article…



Price Action Setups Review – AUDUSD, EURAUD, EURJPY, GBPAUD, GBPCAD, NZDJPY, USDCAD October 26th, 2017

AUD?USD

No ratings yet. Today a bit more pairs, we really observe some very interesting movements on the market and in the near future we should open new trades: AUD/USD: On the Aussie there was a break of support and the price closed below it. This allows us to look for opportunities to enter on the Read the full article…



Option for Today – PUT on AUDUSD 10/10/2017

5/5 (2) AUDUSD from last Friday moves in consolidation. As a result of the overnight gains, the market reached the upper limit of this box, converging precisely with the 38.2% Fibonacci correction, where the first (and weak so far) supply response occurred. Permanent rejection of this zone could open the way to declines. In the Read the full article…



EMA 8/20 – 5 minute Strategy for Options

4/5 (1) With the beginning of September, we began ( on comparic.com) a new series of analyses in which we test and validate the effectiveness of various Binary Options strategies. So far we have reviewed the End of the Day strategy, a detailed summary of which is available in a separate article and the EMA Read the full article…



GBPJPY- Head & Shoulders – Declines Coming?

AUD?USD

No ratings yet. In the article from the beginning of September I analysed the inverse H&S on this pair and the movement that followed after its implementation exceeded all expectations. From the charts I expected 400 pips but came out 950 pips. Now at the top of this rally is formed next H&S formation and Read the full article…



Forex Appreciation & Depreciation

Forex Appreciation & Depreciation

No ratings yet. Forex Appreciation & Depreciation As currencies from different countries interact in the Forex market they will face periods of appreciation or depreciation in their value respect to other currencies being traded in the global currency markets. In other words, this means that the appreciation or depreciation of a currency is a direct consequence of the market Read the full article…



Free Forex Trading guide

free forex trading guide

5/5 (3) Limitless Fortunes from Forex Trading – free forex trading guide! Now that this title has your attention, I know I know not another one claiming to make you a millionaire out of forex trading? I see so many of these free forex trading guide (‘s) popping up these day’s so I thought it Read the full article…



GBPCAD – Breakout Looming

5/5 (2) GBP/CAD daily chart shows a very dynamic bullish trend that formed after a third rebound from lasting near a year support at 1.58. The last 3 days brought a very weak correction which yesterday was first deepened, and in the lower area the demand made an effective counter-attack. Sizeable bullish pinbar breaking with Read the full article…



German Election Leaves Markets Mixed

5/5 (1) EU facing tough winter The result of German election was on the surface positive for the EU given that Angela Merkel the hugely pro-EU Chancellor was elected for a fourth term. There is little doubt that Merkel has been hugely influential in driving the EU forward following the financial crisis backed by a Read the full article…



Price Action Setups-AUDJPY, EURUSD, GBPAUD, USDCAD September 21th, 2017

AUD?USD

No ratings yet. Finally it’s after FOMC and we can go back to trading. It seems that the markets were waiting for FED’s decisions because recently there was not much happening on the charts. Lets go to the charts and search for interesting setups: AUD/JPY: The pair broke strong resistance yesterday, and today’s candle is Read the full article…



Blooming Aussie economy facing bearish threat as retail sales drop

5/5 (1) The Aussie dollar has been trading significantly higher against most of its major rivals from the very beginning of this month. Despite the strong bullish momentum in the AUDUSD pair, the pair dropped sharply during on last week after the retails sales missed the expected 0.2% gain. Most of the leading investors in Read the full article…



GBPCHF-Time for Correction ?

No ratings yet. The option for today is a series of articles about binary options. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis. As a result of lasting since August 29th growth, GBPCHF has reached the upper limit of consolidation from June 2016, Read the full article…



Analysis for Newbies: GBP/JPY – On the Way to Resistance

5/5 (1) On the daily chart GBP/JPY continues a strong upward movement lasting from the beginning of August. As you can see on the chart, pair is swinging a lot recently, ie alternating upward and downward movements are lasting enough time to earn on each such move. Comparing these swings, it can be said that Read the full article…



End of the Day – Binary Options Strategy

What makes trading forex so popular?

No ratings yet. Most investors who first time come into contact with Forex market or binary options (BO) tend to choose the lowest possible intervals, counting on quick profits. In the article below we would like to present another – definitely safer approach to the BO – based on the end of the day strategy. Read the full article…



AUD/USD breakout

AUD?USD

5/5 (2) The aussie has broken out of consolidation . The aud/usd has broken out of consolidation as my analysis late in August Looks like it will be heading out to target range Low risk TP at .81600-700 High risk TP .85000 Hope you all caught this one. Those that haven’t yet please sign up Read the full article…



Head & Shoulders- Does it Work on Cryptocurrencies ?

5/5 (1) Head & Shoulders (H&S) – this is a formation that consists of three local highs – the left shoulder, the head and the right shoulder. This pattern belongs to one of the most reliable and its confirmation is to breaking the neck line. The potential range of declines determines the distance from the head Read the full article…



CHFJPY and GBPJPY – Head and Shoulders Close to be Completed

AUD?USD

5/5 (1) CHFJPY pair described in the previous post slowly but effectively after determining the level of the right arm tends to the neck line, at this moment it still has to travel 140 pips to the south. Perhaps it is worth to open Sell with Stop Loss near the previous high on H1 – Read the full article…



Why Professional Forex Traders turn to Algorithmic trading?

Algorithmic Trading

5/5 (16) Can algorithmic trading be pivotal to your forex success? Learn how pro traders are using Automated strategies to trade the Forex markets. Have you ever wondered how professional forex traders are always profitable? Wouldn’t you like to be one of the 5% and finally break away from being a trader that “just prays”… Read the full article…



Analysis for Newbies: AUD/CAD – Towards the Previous Low -100pips to Go

5/5 (1) AUD/CAD on daily chart indicates a moderate down trend. Since the end of May price respects edges of the bearish channel. Currently the price oscillates at the level of two previous, local lows. It does not seem to be so strong that it can stop the downward movement. Descent below 0.9850 can therefore Read the full article…



CHFJPY-Head & Shoulders under Construction – SELL ?

AUD?USD

No ratings yet. Week ago I described  situation on CHFJPY and the possibility of creation a Head & Shoulders formation and in the last sentence I wrote: “But before that we have to finish drawing the right arm and CHFJPY should reach the green zone at 115.20.” (read all)…   So it happened, that is, Read the full article…



Trading Binary Options: AUD/CHF – PUT, NZD/CAD – CALL

No ratings yet. AUD/CHF – as a result of yesterday’s dynamic gains, market reached local resistance where today a strong supply response has emerged. Rejection of this level makes us expect continuation of declines in near future. In the short term, therefore, it is useful to consider PUT options on this instrument. NZD/CAD – As Read the full article…



Is retail forex trading profitable? 

Forex Trading

5/5 (20) Can retail Forex traders actually make money? How can you as a retail trader profit from the forex market… It’s often stated that forex traders are comprised of two groups. Those in the 90% of non-profitable traders and those in the 10% of profitable traders. Some say profitable traders are more likely to Read the full article…



Harmonic Trading – GBPJPY, EURPLN

No ratings yet. Last week I pointed to a potential harmonic formation on the EURPLN pair. If the CD was equal to AB, it would be a classic straightforward correction that is highly effective. However, as long as the 4.3130 test is not sure, the formation may never be formed (more in the analysis “potential Read the full article…



Will the Aussie make new highs?

AUD?USD

5/5 (2) Price action patterns AUD/USD breakouts? A few weeks ago I was talking about a possible triangle breakout on the AUD/USD weekly chart.  I have been quite bearish on the Aussie until recently noted that the US Dollar is now being defined as a bearish market and could be in a decline for some Read the full article…



Day trader living in Virginia, South Australia, pleads guilty to market manipulation

Forex Scams

No ratings yet. A 31-year-old South Australian man has pleaded guilty in the District Court of South Australia to market manipulation charges under sections 1041A(c) and 1041B(1)(a) of the Corporations Act following an ASIC investigation into his trading in contracts for difference (CFDs) and shares. Stefan Mark Boitcheff, a day trader living in Virginia, South Read the full article…



CHFJPY-Head & Shoulders on Daily and Weekly Charts

AUD?USD

No ratings yet. Very interesting “figures” draws pair CHFJPY on the Weekly and Daily charts. I do not like pairs with Swiss franc (CHF) due to its volatility resulting from unpredictable SNB actions (I still remember January 2015 ) and higher spread than on other crosses, but looking generally at the currency market – should Read the full article…



GBPJPY – Waiting for Test of Support 139.00 ?

No ratings yet. For almost 1.5 months GBPJPY moves south. The losses started with an unsuccessful attempt to break resistance at 147.80 and led the price to today’s low at 139.47. Support test at 139.00 has become unavoidable at this point. The open question remains whether the indicated level will be tested today or during Read the full article…



Will a Head & Shoulders Pattern Form on GOLD ?

4/5 (1) GOLD market has been moving north for a long time. Due to this growth its price reached and even surpassed the level of 1300 USD, which resulted that last Friday GOLD was most expensive since the beginning of the year. In the area around this level a strong supply reaction quickly occurred, and Read the full article…



Ichimoku Trading – AUDNZD, EURUSD, GBPAUD, GBPCAD August 17th

3/5 (2) Ichimoku is an investment strategy of trend following, it works great on H4, D1 and higher time frames. In this series of articles I present my setups and observations using Ichimoku, supports and resistances and Price Action patterns. AUDNZD On H4 chart we can see that price since beginning of August was appreciating. Read the full article…



Forex trading open positions 8-17-17

signal servive

5/5 (1) Open positions. Update will follow for profit/loss. If there is enough interest I may start a signal service. Need to open an account with a reliable broker. AUD/CAD pennant sell day note: text in chart wrong AUD/CAD   AUD/CHF 4H buy triangle AUD/NZD 30m flag Buy   Aud/usd channel break out buy 4H Read the full article…



Trading Psychology – develop the right mindset

Trading Psychology

5/5 (4) Forex Trading Psychology When we take a deeper look at the Forex market, we will find it’s main driver is the “Trading Psychology of Market participants”. Trading psychology or market psychology is a derivative of human emotions. All market participants are driven by either fear, greed, dreams, and ego.  Human nature tends to follow the crowd and Read the full article…



AUDJPY – Range of Declines of H&S Formation Completed

No ratings yet. In a August 3 analysis entitled “AUDJPY breaks neckline of H&S formation ,bears target 86.45“, I pointed out that the target would be 86.45 with possibility of deepening this movement to another support of 85.80. Exactly this scenario was realized on AUDJPY, and to complete this movement one bearish week was enough. Read the full article…



EURUSD- Head & Shoulders Pattern Forming ?

AUD?USD

No ratings yet.   Since beginning of the year EURUSD is in an upward trend. The lowest rate this year pair reached on January 3rd was 1.0340. Since then, we have seen increases that reached last week handle 1.1910 which gave 1570 pips. The last weekly candle has shape of a pinbar with a fairly Read the full article…



NZDUSD-Head & Shoulders Pattern -160p Declines Coming ?

AUD?USD

5/5 (1) NZDUSD – a layout similar to USDJPY setup described here : USDJPY – Will Inside Bar Support Head & Shoulders Pattern? – (which by the way gave more than I expected – in place of 150p gave 280p). NZDUSD has drawn a classic Head & Shoulders pattern where neckline is at level 0.7390. Read the full article…



AUDJPY breaks neckline of H & S formation ,bears target 86.45

AUD?USD

No ratings yet. As expected the neck line is broken (AUDJPY continued) On Tuesday’s analysis, I pointed formation of Head & Shoulders on AUDJPY and high probability of its activation by breaking the neckline in near future. Although we had to wait more than 24 hours for this break, the downward movement is already a Read the full article…



SILVER – Time to SELL ?

No ratings yet. On daily chart we see that price of SILVER after a period of growth starts to turn around. It’s a third consecutive bearish day, and yesterday’s session drawn a supply pin bar. Also weekly candle is preparing to be the first bearish in 3 weeks. The place of retreat is not accidental, Read the full article…



AUDJPY – Head & Shoulders Formation -Possible Declines to 86.45 ?

AUD?USD

No ratings yet. From the beginning of June 2017 bulls rulez on AUDJPY, and bears only with disbelief could watch this rally. At the moment, however, there is a strong formation that gives the supply a chance to develop at least a correction. During last 2 weeks a bearish formation of Head & Shoulders was Read the full article…



From Investor to Scalper – GBPUSD – Potential for 700 pips Growth

AUD?USD

No ratings yet. After announcement of results of referendum in 2016, in which the British voted 51.87% to leave the EU, market have beaten very important support at 1.3850 level. As a result of subsequent falls, the price of Cable was at its lowest level since May 1985. Looking purely technically on the current market Read the full article…



AUDJPY on New Highs

No ratings yet. AUD/JPY is recently one of the most dynamically moving pairs. The price is growing very fast since the beginning of June, almost without major corrections. Some declines occurred here only last Friday. As you can see, price after withdrawal to support set by previous high, very quickly began to grow. It was a Read the full article…



Harmonic Trading – BAT Pattern at NZDJPY

No ratings yet. Trading based on harmonic formations mostly depends on proper measurement of Fibonacci retracement in relation to price movements. A description of all the patterns can be found in the article: Harmonic Trading – Most Efficient Patterns. Harmonic formations are patterns of continuation of the trend. For this reason, it is important that Read the full article…



Option for Today – PUT on GOLD 25.07.2017

No ratings yet. GOLD market has been calmly moving north for a long time. In result of these increases, price reached area of significant resistance zone where yesterday first supply reaction occurred. After a brief consolidation in this area, today’s supply response has been stronger and it seems that this resistance will be rejected. As Read the full article…



From Investor to Scalper- NZDUSD Close to Key Resistance

No ratings yet. NZDUSD moved south since setting a formation of double top at 0.8800 in July 2014 . Although these declines did not reach the 0.6000 level, first bullish reaction was in September 2015, and since then we have seen steady increases. Looking on weekly chart, we can see that all these increases are Read the full article…



AUDCAD Breakout from a Channel

No ratings yet. AUD/CAD  – on H4 graph we observe a very dynamic bullish movement which was created after break out from bearish channel. Recently only a slight correction has appeared, and since morning price has been growing. It is possible that soon the last high will be breached and pair will head to key Read the full article…



USDJPY – Will Inside Bar Cooperate With Head & Shoulders Formation ?

AUD?USD

No ratings yet. USDJPY – pair formed an interesting scheme of Price Action formations. H4 chart shows a clear Head & Shoulders formation where the right shoulder was set in Friday’s Asian session at level 113.55. Then some hours latter at the end of European session, a large supply candle dynamically broke the neckline of Read the full article…



AUDCHF Time for Correction ?

No ratings yet. AUDCHF over two years has been moving north forming an upward triangle, whose upper limit 0.7750 coincides with the 38.2% retracement of the previous downward movement and 61.6% of the Fibonacci correction from the last downward impulse and downtrend line. After precise testing and rejection of this zone there were declines as Read the full article…



Insider trading

Insider trading

5/5 (3) Insider trading – An elite currency trader tells all about insider trading How deep does the rabbit hole go? – A look into Forex insider trading All of us “Retail” Forex traders tend to always whine and complain about the insider trading that manipulate the Forex market. Insider trading is carried out by all Read the full article…



Analysis for Newbies: GBP/CHF – The Doors Are Open for Growth

No ratings yet. Few days ago I described situation on the GBP/CHF from daily and weekly point of view. The analysis indicated possible increases. In the meantime, a slight downward correction has taken place, but now pair is starting to rise dynamically, setting new maxima. Judging by the dynamics, it seems that direction north is Read the full article…



AUDUSD Forecast 2017

AUDUSD Forecast 2017

No ratings yet. AUDUSD Forecast 2017: FX Street says: Bears to dominate the Aussie on China, commodities risks. It could be tides about to turn now for the Aussie as it has now broken though long term monthly resistance. With big money being pulled out of usd and now BOC has risen rates the commodity Read the full article…



Trading with Oscillators

No ratings yet. If trend indicators appear on the actual chart, right on the candles, oscillators are different. They are plotted in a separate window, right at the bottom of a chart. The thing that is missing when trading with trend indicators is the fact that, because they lag, price reversals are difficult to spot. Read the full article…



The big four downgraded to Aa3

Australia credit rating downgraded

5/5 (1) Moody’s Cuts Ratings on Australia’s Banks   The big four downgraded to Aa3   Get ready for the bubble to be burst. This has been on the cards for quite some time and the downgrade is here. Moody’s Cuts Ratings on Australia’s Banks  https://www.bloomberg.com/news/articles/2017-06-19/australian-big-four-banks-ratings-cut-by-moody-s-on-housing-risk Read the full post on bloomberg.   Its now time Read the full article…



How to use the leverage in the perfect way

No ratings yet. Most of the time, traders do not think of taking leverage practically. Leverage is the advantage in forex trading, where small traders can trade the market with a big spread for a big profit. For example, you are a trader in Forex. You have a small account with your broker and you Read the full article…



Trading Piercing and Dark-Cloud Cover Patterns

dark-cloud cover

No ratings yet. Still in the category of Japanese candlestick techniques, the piercing and dark-cloud cover are powerful reversal patterns. If the morning and evening stars are a group of three candles, the piercing or dark-cloud cover patterns have only two candles. One is in the direction of the previous trend and the other one Read the full article…



How to Trade Different Types of Flat Patterns

irregular flat

No ratings yet. The most difficult pattern to trade with the Elliott Waves theory is a flat pattern. There are multiple types of flat patterns, no less than ten types, and the purpose of this article is to list the most important ones and what makes the difference between them. Before doing that, a short Read the full article…



WHAT WAR IS REALLY ABOUT

what war is really about

No ratings yet. THIS IS WHAT WAR IS REALLY ABOUT. This is going a little off topic but I just had to write about this because a lot of us are really unaware how how the world is run. Todays headlines is Donald Trump insisted that South Korea is to pay for the 1 billion Read the full article…



Is Forex Trading Gambling

Is Forex trading Gambling

5/5 (1) IS FOREX TRADING GAMBLING? I haven’t made a post in a while and have taken a break from it all and been in Thailand for 3 months. Since I’ve been back I have just been doing a bit of work to the house. I was going over some old FaceBook posts and found one I Read the full article…



Will the US Dollar Bulls continue?

USDX

No ratings yet. US Dollar Bounces back from trend support The 1st week of the year sparked a big sell off, of the US Dollar and rumor has it that Chinese and Mexican central banks dumped US dollars to stabilize their currencies. The Mexican Central bank sold at least 1 billion US dollars last week. When Read the full article…



US Rate Hikes Strike Again

US Rate Hikes

No ratings yet. US Rate hikes. The USDX has rallied around 270 pips since the US Federal reserve hiked US interest rates for the seconded time in a decade last Thursday. The target for the USDX for this year was 103.00 and this was hit on the day of the hike. See post  From here Read the full article…



Best Forex Brokers

Forex Brokers

5/5 (5) Forex Brokers – A spotlight on Pepperstone Start trading forex with Australia’s best forex broker.  Trade now I often get asked which Forex brokers do I recommend. I decided to do a spotlight of different Forex brokers I would deem to be worthy. Since there are so many new Forex brokers popping up everyday Read the full article…



Why Trade Forex

why trade forex

No ratings yet. Why do we trade Forex? This is a question we must decide right from the word go, why Trade Forex? Do we start trading to make quick money, a desired lifestyle, investment or just something to do like a hobby? Like a lot of us I wanted the money but quickly learnt Read the full article…



USDX Technical Analysis

USDX Technical Analysis

No ratings yet. USDX Technical Analysis A few month ago I post a technical analysis of the US Dollar Index on twitter.  It has played out as predicted and looking at a TP of around 103.00 for the USDX. US dollar index forecast pic.twitter.com/ReyLxkoK6x — Paul Placucci (@Scalp_FX) September 3, 2016 Price stopped short of the Read the full article…



The Aussie Tumbles

AUD/USD Monthly break out

No ratings yet. The Aussie breaks long term monthly support The triangle breakout has been largely anticipated over the past few weeks and has played out as expected. After having several attempts to break above the buyers finally gave up. It came as no surprise how quickly the Feds changed their tune when Donald Trump became the Read the full article…



Com dollars victims of US rate increases

NZD/USD head and shoulders

No ratings yet. Com dollars victims of US rate increases A look at the Kiwi Dollar The unwind of the carry trade commences as the commodity dollars become victims of the US rate increases. Interest rate compression of yields has become massive as RBNZ cut interest rates again last week. The unwind of the carry trade as well Read the full article…



The Comdolls Trumped

Donald Trump

No ratings yet. Technical Analysis (Post Trump victory) AUD/USD The Comdols Tanked apon Donald Trump’s “shocked” victory on the 9th of November. Trumps policies are very Pro American  which in long term, will  have an effect on commodity based currencies. This affecting particularly Australia with having a close economic trade relationship with China. Initially the USD Read the full article…



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…



Technical Analysis market outlook 9-25-16

Technical analysis

No ratings yet. NZD/USD Technical Analysis We will start off with the Kiwi which is one of my favorite pairs. With only 5 days left on the M1 chart, price has been rejected off the long term resistance level of .74590 back in February 2005. (see chart).  We will wait and see how the rest of Read the full article…



AUD/USD Live trade Update

AUD/USD live trade

No ratings yet. AUD/USD Profit target not reached AUD/USD daily set up September 16, 2016 Update Rectangle break AUD/USD live trade up date  The anticipated take profit zone has struggled to reach its targeted forecast.  live trades were close out for around 40 pips in total. I will explain with a bit of a run down on Read the full article…