Pullback reversal on EURUSD | 24th March
A pullback reversal happens when a market breaks out of a zone or range, pulls back to the range and then reverses, thus confirming the breakout. We are going to look at a good example from the EUR/USD currency pair market. The chart above is a 5 minute chart and it has three moving average […]
Big bear breakout & trend on the DAX | 21st March 2017
Today we are going to examine a big bear breakout and trend on the DAX. Most of the time recently the DAX has been in a trading range. It is very tricky making money when the market is in a trading range if you are using a strategy that relies on momentum. Reversal and countertrend […]
Bear Breakout trade on the DAX | 20th March 2017
In a fairly quiet morning of day trading on the DAX the pick of the trades was a lovely quick breakout trade. This trade netted a beautiful 20 points in just two minutes. This was a textbook breakout on the German DAX market and so serves as a good trade to discuss so that you […]
Breakout on the GBP/USD Forex pair – trading focus 3rd March 2017
The markets produced another lovely breakout trade on the GBPUSD forex pair today. It was almost a textbook breakout so it is worth highlighting and discussing. Trading doesn’t have to take all day. This is one of the beauties of trading. Trading is about seeing opportunities when they develop and taking trades with a good traders […]
Breakouts on the GBP/USD Forex pair | 23rd Feb
Sometimes the best trades come just as you think that you have missed the boat. The GBP/USD forex pair had been trending upwards all day today. We had three breakouts that just didn’t quite set up for us and I was just about to give it up for the day when we got a fourth […]
Pullback reversal trade on the EUR/USD forex pair | 21st Feb
When the market sets up just right, with the right context and good signal we must take the trade. In this article I talk you through a pullback reversal trade that I took this morning on the EUR/USD forex pair. I normally take my first peak of the day at the markets about 7am UK […]
Pullback Reversal Trade on EUR/GBP | 20th Feb 2017
It was generally a quiet day on the markets today due to a US holiday. There was however one good trade available first thing this morning on the EUR/GBP Forex market. It was a Pullback Reversal trade. I’ll walk you through it. The above chart shows the price action from this morning on the EUR/GBP. […]
Learn to trade different market conditions – Dax 13th & 14th Feb 2017
Over the last two mornings we have seen very contrasting trading conditions in the German stock market, the DAX. Yesterday, on the 13th of February 2017 we had a persistent bull trend which lasted all day. Today the market has been in a tight trading range all morning. These two markets as shown in our […]
Trading the Germany (DAX) Open – 9th Feb
We are going to look at trading opportunities on the Germany (DAX) open today. I trade this market regularly in the early mornings. There are often several excellent trade setups within the first hour on this market and so this is a perfect opportunity to get the day underway with some quick wins. I’m going to […]
Wedges on the DAX index 5 minute chart | 7th Feb 2017
Wedges are a common trading chart pattern. They are not always obvious and it takes some practice to pull them out of the price action on a chart, however they can be a good indicator that a change of momentum is likely. We are looking at the five minute timeframe on the DAX index here […]