Today's focus is USD/JPY.
Even though this trading strategy would have given us many more opportunities, we will only be covering these two main trades.
As the best way to learn is by studying the charts, I would suggest you to analyse the charts from last week and...
This week we are covering the long EUR/USD trade that you could have taken last week. If you would have risked 2% on this trade, then the return could have been 16% if you held it till the Moving Averages crossed again.
The basis of this trade was...
last week would have given us an excellent chance to short the silver CFD.
If you would have risked 2% of your equity on this trade, then the return could have either been
14% or a massive 22% if you would have held it for the second target....
In order to be successful in trading, you are going to need a strong foundation. Trading is like sitting on a three-legged stool, if one of the legs is missing - you are likely to fall. For this reasons, we cover all the 3 legs on a regular basis:
Here is a Candlestick pattern cheat sheet which you can save and print out.
Japanese candlesticks were "discovered" by Steve Nison who researched, studied and started writing about it in the 90's. Since then, they have become very popular and nowadays most traders use them.
These patterns can...