Forex Education for Your Future

Here's a statistic that may shock you.

Of the 77 million Baby Boomers in the United States planning for retirement in the next 10 to 15 years, 75% are hurtling towards unexpected financial difficulties, including having to go back to work. Unfortunately may people won't realize how ill-prepared they are for retirement until it is to late...

Here is my recommendation. Get you financial education now!

And while you're at it, a Forex Education with Forex Journey is the way to go.

Now let's fast forward a few years and you have taken he time to invest in your Forex education, which is truly an investment in yourself. You have learned to control your risk. You have built up your account where it alone can support your retirement needs.

Plus, you can continue to grow your account trading just a few hours per week. Your skills are easily transferable to the stock and futures market. In fact, why even wait until you're retirement age start building your life now and perhaps your dreams are closer than your think!

This is all possible if you take a proactive approach and get educated!

Happy Trading!!

The Forex Trading Blog - Some interesting facts..:-)

Here are some interesting facts on "The Forex Trading Blog" -As I mentioned in my previous post, it took more than 5 days infact 7 days to be precise for the 1st visitor to visit this site since I started it on 13-May-06. However once it started, there is constant increase in the readership. The most popular post that is read again and again on this site is the one in which I mentioned the ebook
One of the most powerful emotional triggers we can bring into our trading is the power of expectation. Expectations are the fuel that makes our trading goals seem to rush towrds us. Therefore, setting postive expectations is a critical component of our emotional mindset, especially when we are trading.

Here are some thoughts to help you set profitable expectations before beginning your trading session:

  • Trade to be great! Enter every trade with the expectation of making profit and not losing money.
  • Embrace the challenge of the market. It is through these challenges were growth lies.
  • Don't focus on the results. Instead focus on the process and the results will take care of themselves.
  • Believe in yourself.
  • Commit that nothing will take you off of your "A" game while trading
  • Be decisive and except full responsibility for the outcome.
  • Have positive self-talk. Negative talk will lead to negative results.

Expect to be profitable even in the face of obstacles. You have a choice. You can move forward in action or backwards in fear. Positive expectations will promote the positive results and positive results in our business always leads to profit!

This is a sample of the trading methodology at Forex Journey. We go way beyond trendlines and chart patterns!

Happy Trading!!

Free Forex Signal 22 May 2007

Short GJ @ 239.46 or better.
Target @ 238.48, 237.90, hold with daily trend.

Still downtrend. Just take short.

Still downtred. Just take short position but beware EU has nasty swing.

Beware. A retrace or even a change in trend is coming soon. Exit at will and wait for confirmation to go long.

Trade at your own risk.

Accuracy is Luxury

In the land of forex, trend is king. Also here accuracy is a luxury. During early days of trading, some people can see the trade based on their signal but finding the best entry is a bit difficult. After sometime the system will give less signal but higher percentage of winning. Then comes the accuracy. Once you have learn how to get highly accurate entry point you will see what i mean by accuracy is a luxury.

This Forex Trading Blog!!

This Forex Trading Blog!!Hello Everyone..It is a great feeling to tell you that your favourite blog has completed one year of running on 13-May-07.Yes, on 13-May-06 I launched this blog and it took 7 days for the 1st visitor to visit this site. Today there are close to 200 visitors that come to this site on daily basis to learn more or share there experience about forex trading. More than 175

Taking a Cue from the Past

Last night I was doing some much needed spring cleaning in the office. I was going through that box in the closet. You know the one? The one that has been sitting there for years and you say every year you are going to get to it!

I was going through this box and it was like going down memory lane, but one of the items I came across just floored me. Back in my early days of trading the Forex market I use to write out cue cards of areas I was struggling with adjusting to the new market. Prior to driving into currencies I traded the stocks and options entirely on end-of-day trading, and jumping into the hustle and bustle of the Forex market brought a new level of emotional intelligence.

I thought you might enjoy excerpts from my cue cards. I still use them, now they are just internalized!

Cue Card #1: Daily Check List, Set up charts, review economic calendar and news, review the big picture, are the charts reversing or retracing, acceptable reward -risk ratio, why not take the trade, pull the@#$% trigger! An finally, journal results

Cue Card #2






On another note…

I am getting a lot of questions about Forex Journey training. Mainly around how and where we teach. To the latter, we do daily live online training in our trading room. This room is a live, online interactive room where we are both training live at the beginning of the New York session. Your membership gives you access to this room every morning.

In the room we follow trading rules based on the Forex Journey principals of integrating candlestick and chart patterns, as well as our comprehensive approach to Fibonacci studies. While training in the room buy and sell opportunities are set up, but during the moment of truth, the decision are left to the individual traders. . Money management techniques demonstrated and trading psychology is always on the menu.

Trading in our room is the perfect way to learn to trade the Forex market. Our techniques are potable to any liquid financial market, and will lead confident and discipline trading.

Click here to begin your Forex Journey!

Happy Trading!

Developed by Donald Lambert, the Commodity Channel Index (CCI) was designed to identify cyclical turns in commodities. The assumption behind the indicator is that commodities (or stocks or bonds) move in cycles, with highs and lows coming at periodic intervals. Lambert recommended using 1/3 of a complete cycle (low to low or high to high) as a time frame for the CCI. (Note: Determination of the cycle's length is independent of the CCI.) If the cycle runs 60 days (a low about every 60 days), then a 20-day CCI would be recommended. For the purpose of this example, a 20-day CCI is used.

For scaling purposes, Lambert set the constant at .015 to ensure that approximately 70 to 80 percent of CCI values would fall between -100 and +100. The CCI fluctuates above and below zero. The percentage of CCI values that fall between +100 and -100 will depend on the number of periods used. A shorter CCI will be more volatile with a smaller percentage of values between +100 and -100. Conversely, the more periods used to calculate the CCI, the higher the percentage of values between +100 and -100.

Lambert's trading guidelines for the CCI focused on movements above +100 and below -100 to generate buy and sell signals. Because about 70 to 80 percent of the CCI values are between +100 and -100, a buy or sell signal will be in force only 20 to 30 percent of the time. When the CCI moves above +100, a security is considered to be entering into a strong uptrend and a buy signal is given. The position should be closed when the CCI moves back below +100. When the CCI moves below -100, the security is considered to be in a strong downtrend and a sell signal is given. The position should be closed when the CCI moves back above -100.

Since Lambert's original guidelines, traders have also found the CCI valuable for identifying reversals. The CCI is a versatile indicator capable of producing a wide array of buy and sell signals.

CCI can be used to identify overbought and oversold levels. A security would be deemed oversold when the CCI dips below -100 and overbought when it exceeds +100. From oversold levels, a buy signal might be given when the CCI moves back above -100. From overbought levels, a sell signal might be given when the CCI moved back below +100.
As with most oscillators, divergences can also be applied to increase the robustness of signals. A positive divergence below -100 would increase the robustness of a signal based on a move back above -100. A negative divergence above +100 would increase the robustness of a signal based on a move back below +100.
Trend line breaks can be used to generate signals. Trend lines can be drawn connecting the peaks and troughs. From oversold levels, an advance above -100 and trend line breakout could be considered bullish. From overbought levels, a decline below +100 and a trend line break could be considered bearish.
Traders and investors use the CCI to help identify price reversals, price extremes and trend strength. As with most indicators, the CCI should be used in conjunction with other aspects of technical analysis. CCI fits into the momentum category of oscillators. In addition to momentum, volume indicators and the price chart may also influence a technical assessment.

Special Offer - Forex Journey Membership

We are seeking Charter Members!

OK readers, this is the special offer I was telling you about. Now it is up to you to take action!

Join Forex Journey now and enjoy the benefits afforded to Gold Members for the price of Silver Membership. And this benefit is for the life of your membership! That is a $70 savings every month!

Follow the link below to take advantage of this special offer. Action is rewarded and once the memberships fill up this offer will never again be extended.

You can only join with this special rate by clicking on the link below:
Yes, register me for charter membership!

Browse our membership levels and compare benefits:
Compare member benefits!

Sign up and participate in our Forex Forum:
Forex Journey Traders Forum!

Welcome to our community of Forex traders!

Pass this on to your family and friends!!

Marketiva is playing games

Time and time again I have noticed that Marketiva is playing the stop loss hunting game. I have 2 exact trade on Marketiva and Northfinance and Marketiva will always hit Stop Loss. One would expect the difference of spread would be the factor here but consider this. Marketiva will always show difference in price between 2-5 pips compared to North Finance and considering the difference in spread is only 1 pip its ..... better let u people decide. Anyway my trade in Marketiva is small. Just playing it for the egold.

Yesterday position still good for now. Added another short of GJ @ 238.50. Target have changed due to low volume of the market. Below are new targets for today.

EJ target: 162.63, 162.23
UJ Target: 120.10, 119.87
AU Target: 0.8305, 0.8290
GJ Target: 237.80, 237.45

Trade at your own risk.

Trading the Forex market I have found to be a great analogy of life. We trade as we live, with our strengths and weaknesses. Our feeling about ourselves, our cultural views on money and abundance, and especially our perception of wealth creep into every aspect of our trading. This is the reason I place such a heavy emphasis on personal self-mastery. Becoming aware of whom we are as an individual, our strengths and weaknesses, and our perspective on life will determine how well we can deploy the correct principals of strategy and risk management and remove the mask of mental poverty in our trading.

Self-mastery is taught within the context of Forex trading, but in reality it is all about identifying who we are as a person. What drives us and what holds us back. Each aspect can help or hinder us from becoming successful traders. Identifying our personal traits is so critical to our trading that it should be brought from the back pages (usually under the last chapters of “trading psychology”) to the first page of our Forex education curriculum.

Mastery of yourself not only will lead to success in the Forex market, but also success in whatever venture one decides to pursue. Forex Journey is my journey and from personal experience I have found that to experience success trading this market you will come to know yourself. This is the primary reason why we teach life and mind skills to our gold and platinum members at Forex Journey. The 90% that don’t succeed fail because they did not acknowledge who they are as a person, which determines who they are as a trader.

Trading currency is hard, but not because of complex strategies or risk management models. Forex is hard because the market is comprised of living, breathing emotional beings that can think and act both independently and as a group. It’s the human element that makes the market what it is. Know the psychology of the market through fundamentals is mandatory, but what most people ignore is that they themselves are the other half of the equation.

It all starts with becoming aware of who you are as a person to fully understand the strength and weakness you will bring to the table as a trader. Becoming aware will lead to an understanding which in turn will lead to overcoming.

Success in the Forex market cannot be borrowed or outsourced. It must be earned piece by piece and the first piece is starts with you.

Happy Trading!!

Short EJ @ 163.00 or better
SL +30
Target: 162.00, 161.50

Short UJ @ 120.38 or better
SL +30
Target: 119.62, 119.63

Short AU @ 0.8350
SL +30
Target: 0.8290, 0.8250

Trade at your own risk

FXEgypt Forex Contest

Been busy for this few weeks and dont have time to trade. At the moment my contest account in up by 1k. Hopefully next week onwards I can concentrate on trading. Currently the highest profit maker is up almost 5x and from Malaysia. Wish I can see him trade. He is good. Up 5x in 10 days.

Seeking Charter Members

Yes, it's true!!

I am about to unleash a shameless self-promotion post, but I justed want eveyone to know Forex is here!

Trade Using One of the Most Powerful Forex Trading Systems in the World!

We believe success-orientated thoughts lead to success-orientated actions and actions are always rewarded.

Are now ready to take action now!!
Forex Journey!!

New to Forex? Click here to sign up for a FREE Live Webinar designed to Introduce you to the Forex Market.

BECOME A MEMBER a learn with a community of currency traders. Click here to see what's in it for me with our membership levels!

Ready to expand your knowledge? Click here to sign up for our Online Web Seminar series. These 60-90 presentations will drill down in detail on selected trading topics to enhance your trading edge!

The secret weapon in currency trading is right between your ears and we intend to harness that weapon to YOUR fullest extend!!We are pleased to announce Forex Journey Website which features:

Live Market Training

One-on-One Coaching

Mind Power Self-Mastery in Trading to Your Strength

Live Workshops

Online Webinars and much more...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 lies within.

The goal of our website is to teach traders to manage 3 Key Elements: trading through sound strategies and approaches, mastering the mind through identifying their unique trading personalities and trading to the individual's strengths (no one size fits all here!) and lastly, through mastering money management principals.What makes us different? We put the trader at the center and craft success for the individual student.

Become a Member of Forex Journey! 3 membership level to choose. Begin your journey today.

Get your FREE Forex Trader's Screensaver , designed specially for traders!

Happy Trading (with Forex Journey!)

Learn Forex Trading: Which Forex Strategy Is Right For Me?

Learning to trade Forex is not an easy task, but by no means is it difficult either. Learning to trade Forex does not require a great intellect or a college degree. Doctors have failed as traders and construction workers have become millionaires. Trading is all about discipline, determination and perseverance.

The key is to understand who you are as a trader and trade to your strength. Leveraging your strength can be magnified by deploying the appropriate Forex trading strategy.

There are hundreds, if not thousands of Forex trading strategies out there. Logic will tell us that there is a currency strategy out there which leverages our strengths. It is not a one-size-fits-all world. To immediately cut to the chase and take away the magic, it all comes down to two basic Forex strategies; trend-following and range-bound.

All Forex trading strategies use a variety of indicators and combinations, MACD, Moving Averages, Stochastic, Chart Patterns, Candlesticks, Pivot Points, Fibonacci ratios, Elliott Wave analysis, Bollinger Bands and the list goes on and on. Let’s take away the magic again. These indicators and studies are merely measuring support and resistance and trend in the Forex market.

But which strategy really works? This is the age old question?

First, we must understand who we are as traders. Does our personality fit the pip sniper mode or does our disposition attract us more towards swing trading. Finding your trading personality will mean studying and experiencing the different time frames and associated Forex trading strategies. Over time you will notice a higher level of success and/or comfort trading one style over others. Pay attention! The market is telling you where your skill is more capable of extract consistent profits for the market. This is why journaling is so important to your Forex trading routine.

Secondly, if you are using someone else’s strategy, a most of us are, deploy this strategy without change until you fully and completely understand all aspect of the strategy through back-testing and actual experience. As I was told; dance the dance you have been taught until you learn a dance of your own!

Don’t fall into the trap of jumping from strategy to strategy or combining different strategies when the one you are using doesn’t yield immediate success. This is only a recipe for disaster. Take the time to really understand the trading strategy. Study the components individually so a deeper understanding of the strategic mechanisms is mastered.

Above all, know when and when not to deploy this strategy. You will not find consistent success implementing a trend following system in a range-bound currency market.

So what’s the right strategy for you? It is simple, the one that works. It doesn’t matter if it is complicated or simple, trend-following or range-bound, uses Fibonacci studies, pivot points or both. If you understand the components, internalize its use, and drive consistent profits into your trading account, then you have your Forex trading strategy.

It doesn’t matter what the experts say, your account balance is the ultimate judge and jury for your Forex trading strategy.

ABOUT THE AUTHOR: Todd Judkins specializes in teaching real people how to trade the Forex market for long term success by focusing on strategic, mind and money skills. He is a currency trader, educator and success coach to traders. Are you now ready to take action? To begin training with Todd for immediate, online Forex trading education visit: and sign up for his FREE Video Newsletter.

Online Currency Trading: Making A Profit By Trading Forex

Yes, learning Forex trading is key, but can anyone really make a business out of trading the Forex market? Or, shall we say, can one make enough of a profit to make a living trading the Forex market? Many would not attempt to answer that question, and realistically, there is no real easy answer. Some people do, in fact, make a living as traders, not only in Forex, but in the stock market, futures market, or other types of investment instrument markets. However, it’s important to understand that making a profit in the Forex market, or any other kind of liquid financial market, takes time and effort. It’s not something that you can suddenly make a decision to do and expect to become successful without Forex education, mentoring and most important your personal desire, dedication and perseverance.

Making a profit in Forex trading requires knowledge of which economic and geo-political news events moves a currency pair and its seasonal fluctuations. You need to know what affects the spot price and how to adjust your trades accordingly. In other words, you need to understand the fundamentals, as well as the technicals.

In order to learn the important things about the Forex market, you need to have experience; it is not something you can learn from simply reading a Forex dummies book, surf currency trading sites on the web and following the global currency trends. The key to making a profit trading the Forex market or any trading in any other market for that matter, is knowing when and how to trade, and equally important, when not to trade, and that comes not from reading the newspapers or a book but from gaining the experience. Trading with a mentor can accelerate the process.

If you are limited on the amount of funds in your Forex trading account, you might want to consider utilizing a mini account or super mini account and compound that account to profit. The Forex Journey trading process, once learned, will have typical deviations built into the methodology. Adjusting to the nuances of currency trading will become inherent and you will learn to process a $5,000 account applying the same principals as you would manage a $500,000 account. The power is truly in the Forex trading process.

Choosing currency pairs that are less volatile (read more liquid) gives you a better chance of making a profit during your early trading transactions. The experience will allow you to gain insight into how the Forex market works and teach you the best way to conduct Forex trading business. Once you gain the experience that you need, you are in a better position to consider some of the more volatile currency pairs since you will be better educated with the knowledge of how certain events affect the price of most currencies.

The most important thing is to remember that not to rush into anything. Do all of your research first so that you will make the right choices in your swing trading activities. Choose a Forex education course and mentor that specializes in swing trading. In the end, you are only in competition with yourself, so there is no need to think you need to make a decision right away on any currency pairs you need to trade. Your goal should be first getting comfortable with the strategic concepts. Second, master money management techniques and finally, learn to trade from your personality.

Happy Trading!!

Forex Trading - Something Exciting in May 2007

Forex Trading - Something Exciting in May 2007There is something exciting in May 2007.. I am happy to tell you about it.What is it? You will come to know very soon..Can you guess it? If yes, feel free to drop your comments..A new week has started..Now also the forex trading market temporarily is looking USD bullish..The EUR/USD currency pair looks to be at the major resistance level.. If it
This is going to be short and simple. The best system is the simplest. Take any of your best indicators, apply them to daily chart. Look for the trend.

Take the same indicators apply them to hourly chart. Based on the daily trend look for entry.

If the daily chart is saying uptrend, use your hourly chart to find long position only. If the daily chart is saying downtrend, use your hourly chart to find short position only.

If the daily chart is saying uptrend and u have a short signal from your hourly chart, you can close your position and take another position when the hourly chart is giving the same signal as the daily chart and vice versa.

Remember forex is not about how smart you are. Its about discipline and money management.

3 Simple Tips for Building Wealth in Your Trading Account

Forex traders tend to focus on the strategic aspects of their trading and most Forex education organizations are geared to satisfying this specific need. Have a conversation with a currency trader. Over 90% will speak about indicators, candlestick patterns or the latest combination of technical studies that can get you into trade 2-3 candlesticks before anyone else.

Look for the 10% who speak about not being sure where the market is going and how they manage their stops. I got news for you; these are the successful Forex traders!

Yes, Strategy is important, very important; however, it is only one of the three pillars of successful Forex trading. To achieve success all three pillars must be in place and strong. Knowing yourself is the path to ultimate success, but until one conquers self-mastery, profit can truly be found in money management.

Here are 3 simple, but powerful money management tips that will keep your account size growing while your personal and strategic skills develop:

1. Adhere To Your Reward to Risk Ratio

Maintain at a minimum a 2 to 1 reward to risk ratio. That means that the currency pair’s price target should be twice the amount in pips of the stop-loss. If you have a price target that is 60 pips away from your entry and your stop should be 20 pips away from your entry, this means you have a 3 to 1 reward to risk ratio.

Congratulations, you cleared the first hurdle, but this still does not represent a good trade for money management.

2. Use Stops

Always use a stop-loss! Write this one in stone. I see novice currency traders make 2 huge money management errors with stop-losses;

a.. They simple do not use one.
b. The use a set amount of pips for a stop loss.

Set your stop loss based off of your chart technicals. You must give your trade room to work or it is doomed to stop you out. Establishing your price target and chart stops will allow you to evaluate the reward to risk ratio. Do not use a set 20 or 30 pips stop loss. Let the chart tell you where the stop should be and let step 3 be the final judge!

3. Manage Your Overall Account Risk

Most every expert recommends establishing a 1-5% risk profile. So at any given time you will never risk more than 1-5% of your account that is not already in a trade. That’s right. Not your total account, the portion that is not already leveraged in a trade.

The goal here is to continue to play the Forex game. In order to do this the currency trader must understand the amount of maximum loss prior to ever getting into a trade.

Now a determination can be made on whether a trade is affordable. The trade could have all the technical stars aligned, exceptional reward to risk ratio, but if the risk profile is violated it is ultimately a bad trade. Losing trades are part of doing business in the Forex market; however, bad trades are the quickest way to back to that 9 to 5!

Strong money management techniques are one of the 3 pillars of successful Forex trading (strategy and self-mastery are the others). It is money management that allows the Forex trader to manage their trading business like a casino and give power to their trading edge.

It is better to have a poor trading strategy with solid money management than vice versa. Mastering your money will allow you to stay in the game and compound your account into profit. Again, don’t get caught up in all the hype. Common sense rules the roost! Use these tips and you too will find success in the Forex market.

ABOUT THE AUTHOR: Todd Judkins specializes in teaching real people how to trade the Forex market for long term success by focusing on strategic, mind and money skills. He is a currency trader, educator and success coach to traders. Are you now ready to take action? To begin training with Todd immediately, online Forex trading visit: and sign up for his FREE Video Newsletter.

Perkiraan dari sebagian besar pemain market data ini akan menunjukkan angka sekitar 107K sampai 110K saja. Data ini turun jauh bila dibandingkan dengan data bulan lalu yang menunjukkan peningkatan tajam sebesar 180K. Non-Farm Payroll adalah data penting yang dirilis setiap awal bulan yang menceritakan kepada kita mengenai kondisi ketenagakerjaan diluar sector pertanian. Dengan semakin besarnya lapangan kerja yang tersedia akan menyebabkan semakin banyak tenaga kerja yang bisa direkrut sehingga menurunkan angka pengangguran begitu pula sebaliknya. Semakin kecil jumlah lapangan kerja yang tersedia akan menyebabkan semakin sedikit tenaga kerja yang bisa direkrut sehingga meningkatkan angka pengangguran. Semakin banyak tenaga kerja akan berdampak terhadap naiknya upah pegawai / buruh dan naiknya upah ini bisa menaikkan belanja konsumen. Akibat lebih lanjut terhadap kenaikan belanja konsumen ini nantinya akan memicu kenaikan inflasi karena bertambahnya jumlah uang yang beredar. Inflasi yang tinggi akan menyebabkan sebuah Bank Sentral berusaha untuk mengendalikan tingkat inflasi yang salah satu kebijakannya adalah dengan menaikan tingkat suku bunga. Begitu pula sebaliknya, tingkat inflasi yang rendah menyebabkan sebuah Bank Sentral berpikir untuk menurunkan tingkat suku bunganya.

Secara psikologis, mata uang USD masih dalam tekanan karena adanya isu dan rumor yang merebak di market akan adanya pemotongan suku bunga oleh The Fed pada tahun ini, sementara dilain pihak beberapa data ekonomi dari zona Euro dan England yang dirilis belakangan ini menunjukkan angka-angka yang lebih baik ditambah dengan bayang-bayang kenaikan inflasi sehingga semakin memperkuat dugaan para pemain market bahwa tingkat suku bunga zona Euro dan England akan dinaikkan pada bulan-bulan mendatang.

Seingga apabila data Non Farm Payroll ini lebih buruk dari perkiraan sebagian besar pemain market bahkan akan lebih buruk lagi apabila data tersebut keluar dengan angka hanya 40K atau bahkan lebih rendah maka itu pertanda buruk bagi USD dan kemungkinan sesaat USD akan drop sampai 60-an pips (Sell USD). Akan tetapi jika nanti data ini keluar dengan angka bagus bisa mencapai 180K atau lebih tinggi maka data ini bisa menjadi support USD untuk sementara waktu (Buy USD).

Disamping itu kita juga perlu melihat rilis data pengangguran. Perkiraan apabila data Non Farm payroll muncul dengan angka yang lebih buruk, maka akan terjadi kenaikan jumlah pengangguran yang diperkirakan naik sebesar 4.5% sehingga akan semakin memperburuk mata uang USD. Perlu diperhatikan pula rilis data revisi NFP bulan lalu yang biasanya dirilis sesaat setelah data NFP dan Unemployment Rate.

Untuk hasi lebih baik, selaraskan pula dengan Analisa Teknikal anda, khususnya Overbought dan Oversold RSI dan kondisi Convergence dan Divergence pada indicator MACD plus S/P terdekat yang kemungkinan akan ditembus oleh Grafik.
After an all assault of uptrend, finally Jpy pair are showing sign of slowing down. GJ have shown a short signal and is dropping for these few days. UJ is still climbing but at the moment having difficulty breaking 120.50. If it holds than we should see a big drop in all JPY pair. Anyway all depends on tonight NFP report. If its good then 120.50 will be broken. If its bad then we will see a new trend. Happy trading.

Major currency pairs are showing the reversal pattern

Major currency pairs are showing the reversal pattern -GBP/USD, EUR/USD, AUD/USD, USD/CHF, NZD/USD all are showing major reversal patterns after an extended run...The GBP/USD after this extensive run where it broke above 2.0000 barrier is now heading down.. Considering that its a great time to go short or pro USD.Use a forex trading system and identify an entry bpoint to go short.. There are
You know what they say; trading Forex is 80% mental and that only 5% of all currency traders make money consistently. If this is so, and I believe it to be, then we are all in an extremely competitive environment. This means that when we trade, we must always be on our “A” game, our peak performance period.

Here are 3 simple tips to prepare you each day for the competitive playing field that is the Forex market:


Before we turn on the computer and look at the currency pairs, it is imperative that we have had adequate rest. Proper sleep allows us to recharge our batteries and extend our period of maximum focus. Sometimes we all wake up and things are just not in balance. Issues outside of our trading environment or our physical conditions, or lack thereof, are ruling the roost. This is when all successful traders pull out their Ultimate Weapon of Successful Currency Trading.

They simple don’t trade!

Use this time to review, read or play golf! It’s all about probabilities, and the probability of success in Forex trading multiplies when we are at our best.


Currency Trading is a business and should be treated accordingly. In the business of trading currencies we all should have a plan, a business trading plan. This plan should consist of 2 components: A Mission Statement which should explain your personal “Why?” Why are you trading Forex? Your mission statement must be compelling enough to overcome the inevitable challenges all traders face.

The second component is your trading plan. The component of the overall plan covers the execution of Forex trading. Your plan should cover the what, how, when and risk components of your trading. Before each trading session review your entire plan and trade it! Make this a habit. Another trick of successful traders is after losing some focus during the trading period, take a break and before returning refocus by reviewing your plan.


You must sharpen your mental saw before each and every trading session. There are a variety of methods for helping you relax and focus. You can listen to your favorite music, meditate, recite positive wealth building affirmations or listening to a confidence building CD. When it comes to developing a mental edge, play every ace. The correct method is the one that works for you!

After all of your preparation you still find yourself not on top of your game you can once again consider the ultimate weapon of great traders.

Walk away! You do not have to trade today.

Preparing for your trading session is all about placing yourself is the best position possible to take advantage of the myriad of opportunities that makes the Forex market great. When you incorporate mental preparations into your daily trading ritual you have set the stage for handling whatever the currency market can throw at you with confidence, determination and clarity.

Remember, above all the hype, strategies and methodologies lies common sense. Use it and you too will find success.

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ABOUT THE AUTHOR: Todd Judkins specializes in teaching real people how to trade the Forex market for long term success by focusing on strategic, mental and money skills. He is a currency trader, educator and success coach to traders. To begin training with Todd immediately, live in the Forex market, and learn this lifetime skill, visit: