GBP/JPY – 50% Pin Bar Retracement With Bullish Trend
I have just had a lovely trade on Forex Tester on the GBP/JPY pair resulting in a profit of around 6.75 times the risk, and I would like to talk you through this setup right now. If you take a look at Figure 1, you will see the setup in question. The key candle [...]
I have a trade example for you today on the GBP/JPY forex currency pair, which for those of you that don’t know is the pair for the British pound and the Japanese yen. This is a pair that I’m currently giving a thorough test via forex testing software Forex Tester (www.forextester.com). To begin with, [...]
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I have a live trade order currently in on the XAG/USD pairing (the pair for silver), and I would like to talk you through this setup right now. If you take a look at Figure 1, you will see all the data and all of the information that we need for this particular setup. [...]
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I would like to talk a little today about what Alex Nekritin and Walter Peters (in their book ‘Naked Forex’) call ‘wammies’ and ‘moolahs’. These are both essentially the same trade setup, but wammies refers to a trade with this setup on the long side, and moolahs refer to a short trade. Figure [...]
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I currently have a live trade order on the AUD/USD forex currency pair, which has yet to be filled – and I would like to talk you through this trade setup right now. To begin with, take a look at Figure 1, which is the daily chart for the AUD/USD pair. What you can [...]
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I have a trade example for you today on the AUD/USD forex currency pair, and this is a trade that I took on Forex Tester (www.forextester.com), which as I have mentioned before, is a great tool for practicing your forex trading in a real trading environment. To begin with for this example, take a [...]
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I currently have a live trade order in place on the XAG/USD currency pair (the pair for silver and the United States dollar), and I would like to run you through the ins and outs of this trade setup right now. To begin with, take a look at Figure 1. This is the daily [...]
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Let’s revisit the 50% retracement pin bar in a strong trend today – and I have two very nice examples of this on the EUR/USD chart, which happened in quick succession. If you take a look at Figure 1, you will see the examples in question. As you can see, the first pin bar [...]
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Anyone who has been following my forex lessons and articles for a while will know that I only use candlestick charts to make my trading decisions. However traditionally, most traders used line charts to make trading decisions, and many still do. Figure 1 below shows an example of a line chart on the GBP/JPY forex [...]
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I currently have a live trade order on the GBP/JPY forex currency pair (which for those of you that don’t know, is the exchange rate between the British pound and the Japanese yen), and I would like to talk you through this rather simple setup right now. To begin with, take a good look [...]
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