Learn Forex
15 subscribers
105 photos
49 links
Teaching a simple Forex strategy
Download Telegram
Last week (NFP) our first L for a long long time. Only 3 trades 2 losers and 1 winner. GBP pairs were very choppy and weren’t correlating. XAUUSD and US30 were not playing particularly nice either. So only 6 trades in the last 2 weeks whereas normally we are looking for at least double that. Knowing when not to trade is just as important as knowing when to trade. OVER 85% SUCCESS RATE THIS YEAR.
Today; as you know I don’t normally trade GBP before NY on Mondays. But I would be looking to buy US30 right now if it wasn’t Monday. XAUUSD is at an important support level right now. If it breaks through and holds on hour chart, then I’ll look for a retest to get in for a sell.
Good morning all. My analysis for today. First of all US30, 1 hour chart (image below) I would like to see price break, hold and retest (maybe on smaller tf) the upper zone. Our first take profit would be 70 pips. Why 70 pips? Because that is a typical move for this indices. It could well go a lot higher so possibly another position as a runner. I would consider a sell if price broke the bottom zone but only one position for 70 pips with stop loss to break even ASAP.
XAUUSD 1 hour chart (image below) I would take both a buy or a sell if one of the zones are broken, held and retested (possibly on smaller tf) On both potential trades my first take profit would be 20 pips and 2nd take profit would be 50 pips. Why 50 pips? This pair sometimes takes all day to move 50 pips. It also sometimes moves a lot quicker and further, however, I don’t look for the “Hollywood” trade and my trading plan is to take 50 pips on XAUUSD. We’ll talk more about trading plans in the coming weeks.
The first Premium Signal just hit take profit. Over 40 pips in under 2 hours. Register for your FREE TRIAL at the link underneath.
https://www.ft4x.com/?ref=user-426574
Looking for a break, hold and retest out of these zones on US30. 70 pips the first take profit with a second position as a runner.
2 out of 2 on the Premium signals. 50 pips today 40 pips yesterday. Register for your 10 day free trial
https://www.ft4x.com/?ref=user-426574
Looking at XAUUSD to break (upwards hopefully)
For all of my Premium analysis register for your Free Trial below. (including why I haven’t taken US30 even though it has broken yesterday’s low)
https://www.ft4x.com/?ref=user-426574
Buying XAUUSD. Stop loss 1333.5 Take profit 1 1339.5 Take profit 2 1341.5
Stop loss to break even at tp1
After a nice win on XAUUSD and given the fact that we are 5 out of 5 for the premium signals this week. I will need to see a very clean set up this morning when Frankfurt/ London open. I won’t risk giving back some of our wages on a marginal trade at the end of the week. This weekend I will be putting up the second part of my strategy up in my analysis section on FT4X. To register for your FREE 10 day trial follow the link.
https://www.ft4x.com/?ref=user-426574
Good Morning. As it’s Monday I very rarely trade. Certainly not today, but it looks like some pairs are going to be setting up for us for the rest of the week.
This is XAUUSD. Looking to break the top zone, hold and retest.
US30 looking for a break hold and retest to the downside.
Premium signal will be dropped on FT4X shortly.
No safe entry on gold. She’s gone now.
Today I really see most GBP pairs choppy with a couple of exceptions. Can’t see a trade on Gold materialising in the next few hours. US30 could break upwards, even then it would look a bit over extended to me. Let’s see what Frankfurt brings us.