GBPUSD Wave Count – A Treat for Wave Counters

GBPUSD Wave Count  - A Treat for Wave Counters
GBPUSD Wave Count GBPUSD wave count – this GU daily chart was bugging me for a while. No strategy could explain or project the next move with some accuracy, except for the Wave Principle. So recently I set out on a mission – to dig deep into “The wave principle” if not commonly known as ...

How to Manage Stop Loss in Trading

How to Manage Stop Loss in Trading
Manage stop loss and reduce losses In today’s post we will discuss about ‘how to manage stop loss’ in trading. Stop loss management is critical for the success or failure of any strategy. This is why well defined strategies have emphasis on stop loss, take profit and risk to reward ratio. The topic of stop ...

Bearish Dragon – Has the USDCAD topped?

Bearish Dragon - Has the USDCAD topped?
Bearish Dragon pattern can pick reversals and trendline breakouts effectively The bearish dragon that we have been waiting for so long, may have arrived at a fundamentally conflicting situation. With the USD interest rate increment announced only few trading days ago, in a fundamental point of view, there is more upside to the USDCAD. But ...

Trading Around your Day Job is an Art

Trading Around your Day Job is an Art
Trading Part Time? Anyone? Its not easy to concentrate on you are trading around your day job. Furthermore, if you are looking to become a full-time trader, the transition phase is another nightmare too. I really don’t mean to put you off first up, with such flattering statements. But as traders, we have to look at facts as ...

Why Scalp the Forex Markets?

Why Scalp the Forex Markets?
Trading The Forex Markets There is a question that every scalper should answer before jumping into real trading. Why scalp the forex markets instead of trading the long time frames or hold positions for days or weeks for bigger profits? Its an important question to answer, because without knowing the ‘why’ its almost pointless to chose a certain path ...

GBPUSD Scalp Trade – Buy off Support @1.50700

GBPUSD Scalp Trade - Buy off Support @1.50700
Scalp GBPUSD – Buy trade @1.50700 with SL@1.50529 and TP@1.50975 Scalp trade entered @1.50700 with stop loss below the most recent lowest low. Take profit is just below the 78.6% retracement of the overall bearish move. The reason for a bullish bias is that even with the kind of bearish momentum seen earlier today, price ...

Why scalping is an awesome first step for beginners?

Why scalping is an awesome first step for beginners?
Scalping is fun! If you are like me, then the first thing you probably did with your first ever demo account was to scalp the hell out of it and blow the account in no time. That was my first lesson in trading, don’t fight the markets. But it sure was fun scalping for the first ...

EURUSDm, Buy Signal – Bullish max Butterfly [1.272/.707/.618/2.236] Pattern found in D1

EURUSDm, Buy Signal - Bullish max Butterfly [1.272/.707/.618/2.236] Pattern found in D1
Trade Signal Attribute Value Harmonic pattern found Bullish max Butterfly [1.272/.707/.618/2.236] Currency Pair EURUSDm TimeFrame D1 Order open time 2015.11.30 19:39 Order open price 1.05687 Order Stoploss price 0.99969 Order Takeprofit price 1.11405 Risk to reward ratio 100% Equity risk per lot 5718

GBPUSDm, Buy Signal – Bullish max Gartley [.707/.447/.786/1.618] Pattern found in D1

GBPUSDm, Buy Signal - Bullish max Gartley [.707/.447/.786/1.618] Pattern found in D1
Trade Signal Attribute Value Harmonic pattern found Bullish max Gartley [.707/.447/.786/1.618] Currency Pair GBPUSDm TimeFrame D1 Order open time 2015.11.30 07:57 Order open price 1.50440 Order Stoploss price 1.45536 Order Takeprofit price 1.55344 Risk to reward ratio 100% Equity risk per lot 4904

AUDUSDm, Sell Signal – Bearish max Butterfly Pattern found in Daily

AUDUSDm, Sell Signal - Bearish max Butterfly Pattern found in Daily
Live trades taken Attribute Value Harmonic pattern found Bearish max Butterfly [1.128/.707/.618/2.0] Currency Pair AUDUSDm TimeFrame D1 Order open time 2015.11.24 21:59 Order open price 0.72563 Order Stoploss price 0.73715 Order Takeprofit price 0.71411 Risk to reward ratio 100% Equity risk per lot 1152