Forex Day Trading System - Answers to your questions

Forex Day Trading System - Answers to your trading questionsQuite a few of you ask me some questions on trading the market better. Most of these questions are to find out which forex currency pair to trade and how to identify the entry and exit points. Few of the questions are on money management also.I'll try to answer few of these -Q - How should I identify the entry point when trading GBP/USD

Forex day trading - Range of any currency

Forex day trading - Range of any currency pair.After a currency pair has been in a trend for while, it stops for a while and starts range trading. This is applicable for all time frames be it daily, weekly, 15 min or 1 hr or even 5min. Once the currency pair has caught the breath, it starts trending again. The trend can be any direction, however the forex pair mostly goes as per the elliott

An amazing Forex Trading system at stunning price

An amazing Forex Trading System at stunning price!!!!!!!Anyone who trades forex or options or commodities or anything, knows the importance of a trading system. The system not only has to be good and easy to understand, but should also be reliable under any market conditions. Thats what Adam Burgoyne's 5EMAs forex trading system does.1. The system goes excellent entry points and exit points 2. It

Forex Day Trading system - Major top in the EUR/USD

Forex Day Trading system - Major top in the EUR/USDI am watching this currency pair for past 2 days..I am finding that a major top is in place..Thats why even if my trading system is saying that go long, I am not. If you notice, the current level of EUR/USD is offerring a major resistance. The pair has been rejected multiple times from that level..I'll do either of the below two -1. Go long only

Forex Day Trading System - GBP/USD is all about going long

Forex Day Trading System - GBP/USD is all about going longThe GBP/USD after a 2 month retracement is back to long ways again..It has broken the 2.0000 barrier once again. It briefly retraced on past wednesday and thursday, but on friday it zoomed up just like EUR/USD. The technical indicators were perfectly lined up. I used the system specified by Adam Burgoyne in the forex trading system that he

Famous and reliable resources to learn Forex Trading

Famous and reliable resources to learn Forex Trading -Thanks for visiting my site again. As I was mentioning in my last post, this post is about relaible resources for learning currency trading. Without learning from the great resources if you start trading, let me tell you that it is as good as seeing money go down the drain. So, choice of a good resource ( an ebook, or a video course, a paid

The Forex Trading Blog - Some interesting facts..:-)

Here are some interesting facts on "The Forex Trading Blog" -As I mentioned in my previous post, it took more than 5 days infact 7 days to be precise for the 1st visitor to visit this site since I started it on 13-May-06. However once it started, there is constant increase in the readership. The most popular post that is read again and again on this site is the one in which I mentioned the ebook

Major currency pairs are showing the reversal pattern

Major currency pairs are showing the reversal pattern -GBP/USD, EUR/USD, AUD/USD, USD/CHF, NZD/USD all are showing major reversal patterns after an extended run...The GBP/USD after this extensive run where it broke above 2.0000 barrier is now heading down.. Considering that its a great time to go short or pro USD.Use a forex trading system and identify an entry bpoint to go short.. There are

Forex Day Trading System - Its that time of month again

Forex Day Trading System - Its that time of month againYes, its Non farm Payroll time..or popularly known as nfp..The hottest news of monthly forex calender. As like last month, I am going to try few forex strategies that learnt from Avi Frister's popular ebook. Also, I am going to try some more startegies that I am trying to develop on my own.For the last 2 months, I am finding that NFP is not

Forex Day Trading system : Hitting of stop loss on my last trade

Forex Day Trading system : Hitting of stop loss on my last tradeToday the EUR/USD market unexpectedly turned. Euro became stronger and the currency pair jumped about 100 pips in a span of 2 hours..As expected, it would have taken out the stops of all the forex traders that were short.That included me as well. My trade was short and was up 67 pips. My stop loss as 40 pips away. Since my stop loss

Forex Day Trading System : My trade on EUR/USD

Forex Day Trading System : My trade on EUR/USDIn my last post I mentioned that I opened a EUR/USD trade on a buy side at 1.3306 with target of 1.3345. I kept the stop at 1.3268..Currently I am 80 pips profit since the EUR bounced higher crossing the double top of 1.3345 resistance. Due to this, I closed on half of the position at 1.3345. This is a gauranteed 39 pips profit for me..The other I am