This Forex trading example involves a Hammer Candlestick pattern, which signalizes the end of a decrease and the beginning of an increase. All this happened into a Forex channel, which gave us a better picture of the scope of our Hammer Reversal candle trade. We traded until the price reached the upper channel level. Live Trading […]
In this live Forex trading example I attempted to trade a bounce from a bearish trend line on the M5 chart of the AUD/CAD Forex pair. This created a nice short trading opportunity on the chart. However, things did not develop exactly as planned and I did an early exit from the trade. Signals of the […]
Taking on Forex trading is, like any endeavor, a journey that has its own set of victories and defeats. For you to become a successful trader, besides diligently educating yourself, planning, and executing your strategies, the ability to remain coolheaded and not get tangled up in emotions is as crucial as the rest. This is […]
In this live Forex trading example i will show you the way I traded a bearish impulse that came after a Forex support breakout. The example takes place on the H1 chart of the AUD/USD Forex pair a.k.a Aussie. The trade also involves the successful usage of a Hanging Man candle pattern as a confirmation. Signals […]
This time the live Forex trading example covers a trade taken on the M15 USD/JPY chart as a result of a Forex consolidation breakout. The consolidation comes after a sharp price decrease and a breakout through its upper level was the reason why I opened a long trade on the general assumption that the price […]
Hello traders, In this video Damyan traded a swing inside an Expanding Triangle. Damyan effectively used the upper level of the Triangle as a resistance in a combination with a Reversal Candle Pattern to open a short trade pursuing a price drop to the lower level of the figure
As you’re likely aware, there are a few different methods you can use to analyse the financial markets. One of them is called Technical Analysis (TA), which is the analysis of charts and the associated data surrounding them. Within this broad description there are a number of different ways you can apply TA, which at least partially depend on the chart types that you use. (more…)
Hey guys! This video is a very good example of how to trade trend breakouts. Damyan shorted the EUR/USD after a bullish trend breakout caused by a bounce from a resistance level.
Hello Traders, In this very educational video from Damyan attempted to trade a bullish channel swing. He entered a long trade on a bullish bounce from the lower level of the channel. However, the price action broke the channel downward, giving an exit signal. After all, in Forex there are losing trades as well. The […]
Hey guys! We have a new trading video from Damyan, where he shows how to trade a bearish bounce from a resistance level. At the same time, he used a trend ray through the last few bottoms of the price action to set a reasonable target on the chart! We provide this content for you […]
