Forex Day Trading System : importance of correct forex charts

Forex Day Trading System : importance of correct forex charts to follow tradeI have observed that most of the traders and newbies generally tend to focus on the book to learn trading stratgies or systems and not focus on rest of the essentials. What they don't realize is that it doesn't matter if you have wheat in the house and not the utensils to cook it.Same goes with forex trading. Along with
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  • I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success in the market lies within.

    The goal of our website is to teach traders to manage 3 Key Elements: their trade through sound strategies and approaches, themselves through identifying their true trading personalities and trading to their individual strengths (no one size fits all here!) and lastly, through strong money management principals.

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    Free Forex Signal 30/03/2007

    Gbp/Jpy
    GJ is currently going to shitf from uptrend to downtrend. Currently at 2nd swing. Hopefully this swing will be the last before a new trend emerge. Possible entry for GJ:

    Short GJ @ 231.65 or better
    Possible ceiling for GJ is @ 232.35
    Entry window = 231.65 - 232.35
    Stop Loss: Own your own.

    Eur/Jpy
    Possible entry for EJ:
    Short EJ @ 157.43 or better
    Possible ceiling @ 157.55
    Entry window = 157.43 - 157.55
    Stop Loss: Own your own

    Gbp/Usd
    GU is not in full swing mode for the past 8 days. Uptrend already broken but currently refuse to go down. Most probably it will go down but there is a possibility that it will gain momentum after the drop to create another uptrend. Trade with care. Possible entry:
    Short GU @ 1.9646
    Possible ceiling @ 1.9733
    Entry window = 1.9646 - 1.9733
    Btw, it looks like GU is going to swing up one more time before finally going down. Watch out.

    Eur/Usd
    This is a difficult one since Euro is getting strong lately. If EU is going down it will not be by that much compare to GU. Possible entry:
    Short EU @ 1.3347 or better
    Possible ceiling @ 1.3378
    Entry window = 1.3347 - 1.3378

    Happy trading. I cannot be held responsible for any loss.
    We are all in search of our passion. That one thing that really defines us. For most of us that passion is as diverse as the rainbow of colors we call the human race.

    Some people find there passion in Real Estate, while other marketing products on the internet (we are all marketers by the way - whether you realize it or not - that's a subject for another day). My brother-in-law is a farmer and he is one of the happiest people I know when he is on top of his tractor.

    I have found my passion in trading, studying and teaching the Forex Market. I strongly believe success lies within each and every trader. The only missing ingredients are perseverance and confidence. That is why I teach the strategy, but really focus in on what makes every individual trader tick and structure my lessons to instill the necessary mental skills to flourish trading the currency market.

    If this is the style of teacher you want. We are almost ready for classes to begin!

    In the mean time follow us over on Forex Journey Lens and come back here often for our launch date announcement of Forex Journey - The Website for Forex Training!

    Happy Trading!!

    Long Time No Post

    Been busy and trading system going thru minor change. Hopefully I have time in the future to post signal. Still looking for easier way to post forex signal. Any idea??
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    Our goal is to create a collaboratrive learning environment so everyone can prosper in the Foreigh Exchange market.

    Forex Day Trading system : Hitting of stop loss on my last trade

    Forex Day Trading system : Hitting of stop loss on my last tradeToday the EUR/USD market unexpectedly turned. Euro became stronger and the currency pair jumped about 100 pips in a span of 2 hours..As expected, it would have taken out the stops of all the forex traders that were short.That included me as well. My trade was short and was up 67 pips. My stop loss as 40 pips away. Since my stop loss


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    Forex Day Trading System : Another opportunity to trade EUR/USD

    Forex Day Trading System : Another opportunity to trade EUR/USDI mentioned that my previous trade on this currency pair had me a profit of 53 pips..That was when I went long..After my trailing stop loss was hit, when I looked at the currency pair again on a daily chart, I found that the currency pair has hit a massive resistance..A kind of double top and the currency pair has started retracing..

    Forex Day Trading System : My trade on EUR/USD

    Forex Day Trading System : My trade on EUR/USDIn my last post I mentioned that I opened a EUR/USD trade on a buy side at 1.3306 with target of 1.3345. I kept the stop at 1.3268..Currently I am 80 pips profit since the EUR bounced higher crossing the double top of 1.3345 resistance. Due to this, I closed on half of the position at 1.3345. This is a gauranteed 39 pips profit for me..The other I am
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    Forex Day Trading system: My results for the last NFP announcement

    Forex Day Trading system: My results for the last NFP announcement.Few days back I mentioned in my post that I am going to trade Non Farm Payroll as a trial using Avi Frister 's system in Forex Trading Machine course..Along with that I thought of trying another forex strategy that I came to my mind few days back..Its more of a hedging technique.I cannot tell you the details about the strategy

    Forex Day Trading System: the volatility when news break out

    Forex Day Trading System: the volatility when news break out People many times ask me why does the volitility increase significantly when a fundamental news announcement such as FOCM or NFP comes out?It may seem to be simple question for some of you, but I must tell you that it is very important for those who don't know.Volatility is driven by the number of people in the forex market to buy or
    Forex Day Trading System - The most volatile time of the monthTomorrow is the most volatile time in a month of the currency trading market..Yes its Non Farm Payroll time.. I like the way the forex pairs jumps during this announcement..The candlesticks size is big, the technical indicators such as RSI, EMA or MACD etc don't make sense and all the analysis goes for a toss..Its really exciting..I

    Forex Day Trading System - USD booms

    Forex Day Trading System - USD booms!!Anyone who is watching the currency trading charts must have realized that the USD is bullish the big time..And its bullish across the board with EUR, GBP, CHF, AUD, NZD everyone stumbling against Greenback retaliation..Except JPY!! Yes, Yen is giving bigtime pounding to the $$..Thats because the JPY is too much driven by the fundamentals..Thats the primary

    Forex Day Trading System - NZD/USD broke out

    Forex Day Trading System - NZD/USD broke outThats what trading currency is all about. A currency pair that is range trading or moving very slow is bound to break free from the shakles of support and resistance and then starts trending strongly..Its more like a runner who keeps running and reduces pace to catch some breeathe only to start running once again.I was watching NZD/USD for last 5 days
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