Forex, Short Trendline Breakout Trading

Today’s trade, selling USDCAD

 

After a change in direction from yesterday’s early, overall, uptrend. The Cad began a downtrend pattern. I watch for ascending price action lines in a downtrend and descending lines in an uptrend. In this case I took a trade off the break of the ascending trend line. (see pic below). Usually you get good trades when these breaks occur. Just using pricing action and pattern breakouts here, nothing fancy. Keeping my eyes on the charts and waiting for something to stand out is another simple way I will look for trades.

 

 

USDCAD bearish trade

This is a type of raw trading. A lot of professional traders will read the charts like this and trade these pattern setups. Reading the charts, checking support levels, resistance levels and then watching for trades between the two is the basic formula.

Hope you find this helpful!

Happy Trading!

Learn to trade the right way!

Check out the “Trend Profiteers System” with group mentoring and software by multi-millionaire trader!

 

 

Trading With Support, Resistence and Trendlines

It’s important to understand market movement in and around trendlines, support and resistance areas

These are tools that traders have been using since the beginning of trading time. They held value years ago and today are still just as valuable in understanding the market flow.

Support and resistance levels will give a trader a really good idea where price has a high probability of stalling, turning around, or taking off.  Ignoring these levels at the time of a trade would mean that the trader is taking an unnecessary risk and placing an uninformed trade.  For me they act as like a road map to trading more successfully.

Support, resistance, and trendlines are not difficult to learn, and if you can get that extra edge in your trading, you should go for it.

When we trade, looking for specific setups that are presented to us with indicators, price action or whatever your strategy is.  Once we have determined that there is a trade setup, we will do very well to verify the trade signal by using either Support, Resistance, or a Trendline.

We will find trades that seem valid, but we won’t want to take them because there is a trendline or an area of support or resistance in the way.  Shortly after the trade not taken, we usually see that price bounces off these levels and the trade we would have taken would have lost.

This Support, Resistance and trendline approach that you are going to learn is going to be an invaluable addition to any trading system or methodology.  See the video below.

 

Good Trading

 

Video 1

 

Video 2




Strategy Type #2 | 4 Price Action Techniques Trading With The Stronger Trends (2 Videos)

How I identify strong trends and use these techniques to profit off momentum in the trends!

 

 

 

 

 

  Candlesticks Patterns Free Ebook

 

Using The Forex Scanner, many traders have various tools they use for identifying trade setups but few use a logical method to find good markets to trade. Strong trends and patterns usually have the best price flow and follow through. This is why I use this tool to scan the markets and plan my trades. Trading without a plan is like taken a trip without knowing where your going. It can be fun sometimes but usually ends in disaster : 0

 

 

 

 

 

 

To Your Success, Trade Well!

 

   Click to get your Forex scanner

 

 

 

 

Overbought/Oversold (OBOS) Strategy

Hello Traders!

This video shows you how I use this indicator to alert me of these trades. It’s a nice system with a 2 to 1 win ratio as the original target. I’m using a 2 screen rule with 4hr and 1hr chart.

 

 

In addition to what you see in the video above, it is also a practice of mine to use price action as an additional filter, shown in the pics below.

 

 

 

 

   Click To get the Buy/Sell Trend Detector

INTRODUCTION TO MY TRADING METHODOLOGY & CHART SETUP (2 VIDEOS)

Hi Trading Warriors!

In these videos I will introduce my current trading style and how I set the charts up using basic indicators found on most platforms. This is hopefully a chance for you to gain professional trading knowledge and increase your success no matter what level you are at as a trader.

 

 

Video #1

 

 

Video #2

 

See the next post for the video on Strategy Technique #1

There are more videos coming up!

 

I always check the Forex Trend and Pattern Scanner to find the most trade-able Markets 

Best wishes

Andrew~

 

Forex Market Check & Trading Tips

This week we are doing a quick review of the EUR/CAD and GBP/JPY. EUR/CAD is currently in a bullish channel having made a reversal signal in the price action after a bounce off support I’m looking for buys on shorter time frames. GBP/JPY is a bit of a mixed bag but still looking for possible trades to the down side short term. Will see what happens. Check out the video below for more details.

In my opinion the more you can learn about analyzing and assessing the markets direction the better trader you become. It is 1 of the major keys to successful trading!

Trade Well Friends!

 

 

 

 

 

Sooo..What Happen?

Here’s The Follow Up!

 

 

 

 

 

   Click here to get the trend & pattern tool

 

 

 

 

Introduction To The Forex Trading Market




The Foreign Exchange market is a huge multi trillion dollar global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market does not determine the relative values of different currencies, but sets the current market price of the value of one currency as demanded against another.

 

Market Check

Hi Traders!

Just a quick Heads up! As we head into the holidays ahead, trading is going to be weak or stopped almost for the last couple days of this week and next week. Thursday, Friday and Sunday this week, and next week I won’t be trading.

I have added a trend watch list (see pic 1) on my site so you can use it as a reference when checking the markets etc.. every evening I will be updating it to the current trend as time goes on .. It may not change from day to day for extended periods but that just means the trend is still holding.

PIC 1

ScreenShot-My trend updates

 

Forex Trend and Pattern tools

As you can see most of the pairs are CAD related. I have also notice that most of the pairs with the CAD in them are a lot more active this week so far while things are slow. Such as EUR/CAD GBP/CAD etc..

We especially want to watch them tomorrow because there will be some High Impact news reports (see pic 2) coming out on the CAD tomorrow.

While using the BUY/SELL Scalper with my advanced techniques (you will find revealed in the member’s area videos.) Sign up on the email list http://learningforextrade.com/ to gain access if you haven’t already.

I have notice some good trades when other markets are not moving very much.

Managed to catch a 20 pip gain on the EUR/CAD yesterday and saw several possible good trades looking back on the charts today.

News Calendar

Keep a watch on it! Hope you can catch a few great trades!

Until next time!

Happy Holidays and a Very Very Happy and Profitable New Year!

Best Regards!

A~

 

Market Review

In this video we review some of the ways I look for trades and review the current market conditions on 3-30-15.

 

This Smart And Easy To Use Software Is Helping Forex Traders To Increase Their Profitability With Any System.

Forex Trend And Pattern Finder Tool