Recently I was speaking to a group of aspiring traders when at the start of my talk I posed a question to the group – What does financial freedom mean to you? The responses I got were varied but there was a common theme to it – it was having more time and resources to […]
Hello Traders, I have shared a trading strategy using RSI trend lines – watch it on You Tube – https://www.youtube.com/watch?v=GUh6pLA8bGs. You may use key words ‘Knowledge Candles Forex’ in your search box. If you would like to discuss this or other ideas you are welcome to contact us by leaving a comment or writing to [email protected] If you trade […]
Hello Traders, Today I want to talk about something we often go through during our day to day trading journey – the ‘should have’ or ‘could have’ syndrome. To illustrate what I am talking about I want to draw your attention to my post from about 4 weeks ago on 28th of August. I presented […]
Hello traders, I get hundreds of emails every week on trading. Most of them are from brokers, trading systems providers, signal providers and from education providers. A lot of them are a complete waste of time, but some do have insightful information that can help in your trading business or trigger a thought process that […]
Hello Traders, Our Trade suggested this morning got triggered and the first target has been hit. Market Direction Entry S/L Move to B/E @ Target 1 Target 2 GBP-USD Long 1.5440 1.5415(25 pips) 1.5460(20 pips) 1.5490(50 pips) 1.5590(150 pips) We will hold the remaining for the second target as per recommendation. Happy trading!
Hello Traders, Here is a trade idea for trading the Cable (GBP-USD) today: Market Direction Entry S/L Move to B/E @ Target 1 Target 2 GBP-USD Long 1.5440 1.5415(25 pips) 1.5460(20 pips) 1.5490(50 pips) 1.5590(150 pips) Here is the chart snapshot taken at 10:40 UK time. If you would like to discuss this or […]
Hello Traders, Here is a trade idea for trading the Aussie today: Market Direction Entry S/L Move to B/E @ Target 1 Target 2 AUS-USD Long 0.8950 0.8925(25 pips) 0.8970(20 pips) 0.90(50 pips) 0.9080(130 pips) Here is the chart snapshot taken at 10:20 UK time. If you would like to discuss this or other ideas […]
Hello Traders, We are back with our daily trade ideas after a break of nearly 4weeks. I have three ideas today two of which are rather cautious as the current price action is still quite far away. Here are today’s ideas: Market Direction Entry S/L Move to B/E @ Target 1 Target 2 AUS-USD Long […]
Hello Traders, Following the major moves against the dollar a couple of days back I had said that there may be a likely consolidation before further leg down for dollar. Well, one such consolidation is currently forming on USD-JPY and I am looking to trade if there is break in the direction of the earlier move i.e. […]
Hello Traders! Our outlook posted yesterday turned out to be spot on as the market made major moves against dollar yesterday – of course helped by observations in minutes of FOMC and comments from Ben Bernanke in the press conference following release of minutes. We did not post any long term trade setups due to FOMC, but got a […]
Hello Traders, I haven’t managed to post trade recommendations based on my end of day analysis so far this due to busy schedule last few evenings. Today the market seems to be bearish on dollar so I will continue to look for short term opportunities to sell US Dollar against Yen and Aussie; and buy […]
Hello Traders, From yesterday’s recommendations one order got triggered – Long GBP-USD @1.5030. The price action did allow us to move our stop loss to entry, but continued the fall triggered by comments from BoE yesterday. Market Direction Entry S/L Move to B/E @ Target 1 Target 2 Result EUR-USD Long 1.2850 1.2820 (30 pips) […]
Hello Traders, We did not have any fill last Friday and there were no recommendations on 1st and 2nd July. The call on EUR-USD to buy at 1.2940 given on Friday did work out eventually though and is currently trading 60+ pips at the time writing this. Another one to Buy GBP-USD at 1.5126 almost […]
Hello Traders, Of the trade recommendations we provided yesterday, we cancelled the Long GBP-USD order due to worse than expected GDP numbers out of UK leading to drop and consolidation just above our area of entry. It proved to be a good decision else we would have been stopped out. No other trade got triggered. […]
Hello Traders, Just a quick update on one of the recommendations given yesterday. I am cancelling the Long GBP-USD order as the GDP figures haven’t been great and the current price action is forming a flag just before my recommended entry point. Happy Trading!