Forex Trade Signals and Setups Feb. 29th
GBPJPY – Fresh TKx Has One Hurdle to Go After forming back to back strong TKx (Tenkan-Kijun Cross) Signals, the pair decided to go for a trifecta which it just formed earlier to close the London session. With the strong bullish price action stopping just shy of the SH (Swing High) from the 26th at 129.76, the pair has formed a flag pattern towards these highs suggesting an upside breakout...
Read MoreForex Trade Signals and Setups Feb. 28th
Silver – Takes Out Key Resistance As we stated a few weeks ago, we thought silver was continuing its bull trend and starting a major leg up. Today it cleared a key level by taking out the $35.69 prior SH (Swing High) from the bounce that occurred late Oct. last year after the CME margin hikes sent the metal reeling. This $35.69 level had not been broken until yesterday and the market did...
Read MoreForex Trade Signals and Setups Feb 27th
EURUSD – Favorable Cross Precedes Kumo Break A few weeks ago we talked about the EURUSD and the Chikou Span making a favorable cross. Once the Chikou had cleared the price line and completed the favorable cross, the last remaining ingredient for a long signal was the Kumo Break which occurred three days ago. Many of our Ichimoku traders got in on this break well over 200pips ago and...
Read More4 Keys To Improving Your Trading Process
In a constant effort to refine the trading and educational process in helping traders become profitable, I have put together this article which will give you four keys to improving your trading and particularly help with the learning process to becoming a successful trader. Key #1: The Zone of Proximal Development This is the idea that learning works best when you the trader tackle something...
Read MoreForex Trade Signals and Setups Feb. 23rd
EURUSD – Busts Through Key Resistance Euros were like hotcakes today as the regional currency gained against every major pair (save the CHF) while in the process taking out key resistance at 1.3322 (yearly high). The pair had a strong close towards the high suggesting little profit taking ahead of the weekend. Watch for a pullback to the former resistance which may act as a role reversal...
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