Hi traders! Forex pairs like the EUR/USD, GBP/USD, AUD/USD, and EUR/JPY are moving, or I would even say dropping for the last 3 weeks with almost no pullbacks or retracements on the higher time frames. Usually that changes after 3 weeks of movement in one direction. Of course we need a confirmation first and that [...]
About Nikos
How to master forex trading
Please read the following questions and if you can answer all of them with “yes” you should be making a lot of pips by now. If not, you will need to work on yourself until you can answer at least 95% of all below questions with “yes”! 1. Do you always follow the technical system [...]
USD/CAD Put this pair on your watchlist
Don’t forget, that this will be a short trade setup against the main daily long up trend. So be careful and look for support bounces in case you enter. In case usd/cad breaks the 1.0200 area, look for long setups on the 1 h or 4 h chart with target the 1.0300 and 1.0400 area [...]
EUR/USD Close to major support
The price almost reached the low (1.2600/20) of January 2012. This of course is a major support area. Now, the big question is; will the price move down and bounce in this area, or will it break the support. One thing is for sure – If you are short, stay short with at least one [...]
The Charts “know” the news!
Look at all the touches on the 1 min chart under resistance. The price moved lower before some important news after the US open session and triggered a short entry on the 1 min chart with a stop of 15 pips. Look at the price in the green circle on the chart. It dropped in [...]
Stick to your trading rules
Try to stick to your trading management rules and you will protect your invested money the best way possible! Remember; you are not gambling, but trading financial markets. You want to survive and grow your account steady for many years.If you do a mistake, you will pay for it. That is how the markets work. [...]
Live trading Room…There is still time to join!
Hi Friends, traders and members! Our free live trading and training month has started almost 2 weeks ago and I must say I have met some passionate traders. I would like to thank you guys for being focused and active in the trading room during the sessions. I know that it is not easy to manage [...]
EUR/JPY Swing trade update
The 4 h setup made about 70 and 140 pips profit with the first 2 lot. I will trail the stop for the remaining lot to 1.0160 for now (20 pips profit) and try to maximize the profits on this trade with 0.9900 as target!
XAU/USD Should we really buy Gold right now?
XAU/USD Gold Gold is a very volatile metal and worth trading. The whole world is talking about this metal lately. Every “financial advisor” is trying to convince you of buying gold in times of financial crisis like these. But be careful! The trading charts seem have a different opinion right now. You see, XAU/USD (Gold) [...]
