Technical analysis is the base of speculation. Therefore, understanding technical analysis using multiple timeframes comes handy in Forex trading. Moreover, technical analysis using multiple timeframes by Brian Shannon became almost a cult among retail traders. And, for a good reason. Brian took technical analysis to a new level. His approach to Forex trading looks at […]
Forex money management should be every trader’s first concern. Managing Forex money means managing risk and a Forex money management strategy must exist. Traders use various tools, with a Forex money management calculator being one of them. It may sound fancy, but it’s true. No matter how good you are, or how good your trading […]
Dear Traders, I am happy to present you the replay of our FREE webinar on “What is Forex and How to Profit from Currency”. I would like to thank to the people that attended the webinar and who were active during this session that lasted for about 2 hours. Thank you! The others who were […]
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 […]
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
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.
