EURUSD Resistance Zone: What’s Next?

Hello Readers, (Click on image for Larger View) This post is just a quick snapshot of what I’m looking at right now. EURUSD just approached a reasonably strong Resistance Zone (Grey box). This was formed based on the multiple price reaction in the past (Green arrows). Below is a EURUSD Weekly chart is used to illustrate…

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3 Steps to Declutter your Trading System

When was the last time you clean your Trading System? When was the last time you removed any “Unused” tools on any of your charts? Frankly speaking, many of you probably Don’t Even Realise that these “Unused” items have became an obstruction rather than a tool. Like everything else in life, Trading requires some form of Decluttering…

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EURJPY: Long, Short or Both?

Related ariticle: Understanding Support & Resistance EURJPY presented a nice set up this morning. The chart below is a EURJPY on a 60 min chart. (Click on image for Larger View) The currency pair has been ranging in a well define range since the 22nd of Aug. This setup was quite similar to the one on AUDUSD in…

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NZDUSD Weekly: Kiwi on a Diving Trip?

(Click on image for Larger View) People often ask, “what do you look for when you trade?” And the answer is simple: Clarity Trading is like making a dive trip and you only invest in the trip if you know the water is clear. If it isn’t clear, stay out. The following is an example of a…

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Video: Unwrap Your Infinite Greatness by Les Brown

Les Brown talks about how to to Rise the Bar. Enjoy!      

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AUDUSD Bounces like a PingPong Ball: Range Setup

(Click on Image for Larger View) Hello, The above shows a 240min chart for AUDUSD from the 8th-27th Aug 2012. As you can see, the price of AUDUSD was bouncing like a Ping Pong ball (Green arrows) on the 8th, 16th, 17th, 21st and 22nd, moving between both Support and Resistance price levels. I’ve not…

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The 4-Hour Work Week by Timothy Ferriss

My Views This book was a great to me in terms of lessons learnt and timing. I finished reading this book right before I started trading Forex and, in many ways, it was a blessing reading it as it helped me stay focus on my ultimate goal. The 4 Hour Work Week was especially useful in…

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“What advice would you give to a novice trader?” by Jack D Schwager

This was taken from the book “The New Market Wizards”, it’s one of the questions posted by Jack D Schwager to Gil Blake. And this was his answer: “There are five basic steps to becoming a successful trader. First, focus on trading vehicles, strategies, and time horizons that suit your personality. Second, identify non-random price…

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License to Trade, Do You Have What it Takes

Trading is just another career, whether you’re trading an hour a day or 20 hours a day is irrelevant. The great (or sometimes unfortunate) thing is that anyone can be a trader. Just like driving, anyone can drive (even without a license). The question is, is it worth taking the risk? With that, let me…

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Will EURAUD make a Reversal?

(Click on image for Larger View)  I love price patterns and there’s an interesting Price Pattern on EURAUD at the moment. It is currently at an all time low exchange rate and I personally like that looks of the channel that has formed. The following is a EURAUD Weekly chart with multiple touches on the…

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