GBP sets up

GBP sets up

The GBP gave another very familiar setup overnight. If trading could only be this easy everyday… This is why it’s best to concentrate only on the majors in my opinion and get to know the nuances of their movement. Exotic pairs trade differently from the majors and...

Nice GBP move.

Happy Independence Day to America. The GBP moved down nicely overnight. Some trades are a lot easier than others. Questions are welcomed. Great trading! Michael Filed Under: Forex...

Canadian dollar moves with oil.

The CAD pair weakens with the move up in Oil.  The Canadian dollar strengthens on higher oil prices causing the US dollar to weaken in this pair.  Tighter ranges this week until Thursday with the holidays in Canada yesterday and the US tomorrow. Questions are always...

Never chase a trade.

“It’s never a good idea to chase a trade” – is what my mentor always told me. Be patient…wait for the pullback or find another pair still setting up and trade it. He only takes trades of 3:1 Reward to Risk ratio or greater. Plan your trades in advance, be systematic...

GBP

The GBP had a very familiar setup overnight.  This trade setup occurs with great frequency.  Train your eyes to look for it and you will be rewarded.  Spend some time going back over charts and you will see it many times! Please check out other chart examples for...