This chart might not be every mens cup of tea but if forced to trade even if this chart is messy one can see that higher highs and lows are provided. Price action is so near together that it mkes it less visual but I hope that with the numbers and the stochs cycles you…

Today would have been a taugh day to trade. The market moved the whole day pretty sideways. We already know that the easy pips are made when trends occur so when spotting that the trading session takes its course without providing any trend try to avoid big losses. It is always better to admid that…

Bollinger Bands contain price 95% of the time. What this means is that price moves from the upper to the lower band or vice versa. This indicator works with volatility meaning when there is none then the bands are very closely together. If on the other hand a candle closes over or below the band…

Trading is very personal. What this means is that a system might be working for someone but not for everyone. Also the information needed to build a system has to be so specific that the trader himself has to see what works best and what does not. With this post I try to share information…

In todays post I would like to write about the MACD and Stochastik Indicator. Some people might fail because they overtrade. Therefore I will try to advance a simplistic approach on how one might go along trading the 5 min chart with the help of Macd and Stochastik. The first thing we look for is…

This chart is a second example for the previous chart explanation in how to take away doubt and stick to a logical trading plan. All the green arrows would provide you with an entry. The long bias and long only is established with the purple moving average. The crossing of the black and green moving…

The vast majority of traders fail to achieve their goal. Everybody seeks the holly grail system something that is perfect and works all the time in every market. In my modest opinion the holly grail is consistency. It is the trader himself. It does take time to achieve this kind of consistency and that is…

One thing I like about this chart is that price broke support and provided us with a lower low. The second thing I like about it is that price is below the two major moving averages. I would therefore recommend to take short positions on this pair. A nice entry would be if price retraces…

Well having a look at this time frame the first thing that comes to my mind is that a lower low has been provided. This might be the first indication that the up trend might be over. Price has been rising since the 4th of September and might now be on its way to turn…

On this chart it can be seen that we have been provided with a lower low breaching the purple 200 MA. Therefore I prefer to be a bear and wait to analyze the retracement to see if a lower high will be provided. Areas I watch out for is to see if price respects the…

Today I would like to share how one can follow price and wait for an outbreak or a better entry price in direction of the trend. The astute trader is aware that the 200 MA is quite important to have on the chart. It signifies the trend direction and one would do well to trade…

Price on the EURUSD 1 hour chart has begun the day retracing much of the previous move. Since price has been providing us with higher highs and lows on this time frame we try to have a bullish trigger to long this pair. To do this we use the Fib tool to fine tune our…

A short position was taken on the eurgbp chart. It is the writers opinion that one should think to short this chart. Price action wise we had a beautiful uptrend that started on the 8th of July 2015 and that went on until posibly today. A short position should be held until the double top…

It was possible to draw a symmetrical triangle on the EURUSD 1 hour chart. Price touched three times the upper and three times the lower boundary of the triangle. The more conservative approach to trade might be to wait for an outbreak of the symmetrical triangle wait for a retracement back to the channel and…