Learn to trade Forex & CFD's with Nial Fuller . . .
PRICE ACTION TRADING FORUM
So, the question from so many of you on the email recently is, “How to trade Forex using End Of Day Price Action Signals” Now in fairness to all newbie traders, I am not going to make this a complex forex strategies article, I am going to keep it as simple as possible. My objective here is to show you why I like to enter many of my price action signals at the New York close, that means “After Wall St Closes”.
Continue Reading How To Trade Forex - ‘End Of Day Price Action Strategies’ at New York Close.AUDUSD and NZDUSD commentary, Ready for a correction ?
This past 7 days, I have seen some serious termination signals on the AUDUSD, ( Australian Vs US Dollar ), NZDUSD (New Zealand Vs US Dollar), its not a forgone conclusion that price will now plumet and make a correction to the downside, but in all likleyhood these currency pairs have formed a short term high and are due for at least a consolidation.
This past 7 days, I have seen some serious termination signals on the AUDUSD, ( Australian Vs US Dollar ), NZDUSD (New Zealand Vs US Dollar), its not a forgone conclusion that price will now plumet and make a correction to the downside, but in all likleyhood these currency pairs have formed a short term high and are due for at least a consolidation.
There is upper tails on the weekly candlestick chart , (see chart below) which signals upper price rejection, a typically bearish technical signal.
I see these pair as stil uptrending in the broader term, but in the short term, we may start to see prices take a breather and correct back into the previous key support levels.
The AUDUSD could rotate back into 83 US cents, and NZDUSD back into 69 US cents respectively.
See Chart Examples Below
The above Commentary is not financial advice and any views expressed are personal views only, you trade at your own risk..
The GBPUSD , Cable, Great British Pound vs US Dollar has formed yet another sell signal after the FOMC last night.
We cant help but feel that there is further Falls to come here on the Cable, given the prevailing trend is down and the degree of severe sell pressure we have seen over the last 2 weeks. The overnight pin bar reversal candlestick signal formed at the logical resistance level near 16420, and forms a confluent short trigger. the target is 16120’s and then 15990’s
How Do You Become a Successful Forex Trader? Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail. In the early stages of most FX trader’s career, the first trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends.
Continue Reading How to Become Successful at Forex TradingCan Aspiring Forex Traders Learn From Experieced Trading Mentors and Coaches? This Article will explore the argument of weather or not a person can actually learn to trade forex from a trading mentor or coach. So the question is … can an aspiring trader be taught to trade forex successfully?
Continue Reading Can Forex Be taught By A Trading Coach?Forex Trading as a Business , Many forex traders lose their shirt and this is mainly because they are not really prepared to put the time and study into their day to day trading activities. The concept of Trading and investing in the forex market is like any other business, what you get out of it is relative to what you put into it.
Continue Reading Forex Trading Is A Business
