Well it’s the morning of Good Friday so I’m obviously not trading today, but it’s been an excellent week this week. I traded two positions in total using my main 4 hour trading system – one on the GBP/USD pair and one on the EUR/USD pair – and both yielded some excellent profits.
As regular readers will know, I’ve been looking to go long on both the GBP/USD and EUR/USD pairs because although the Supertrend indicator is still red on the daily chart, and therefore indicating a downward trend, I just feel …

I’ve been looking at the long-term chart of the USD/JPY pair today and it looks as if the long-term downward trend, which has been in place since the middle of 2007, could now be over. There are two reasons why I think this may be the case.
First of all if you look at the weekly chart below you can see that if you draw a long-term trendline plotting all the high points, the price has finally broken above this trend line, which could be highly significant.
Secondly you can also see that …

It’s been another decent trading week this week with two winning trades out of three. As in previous weeks, I’ve been looking to go long on the GBP/USD and EUR/USD pairs (despite the Supertrend indicator still being red on the daily chart) as I think they are both likely to turn upwards now, and for the most part this has proved to be a profitable strategy.
The losing trade came on the GBP/USD pair earlier in the week. The EMAs crossed upwards on Tuesday afternoon/evening, and I went long after a pull-back …

Stock Trading Nitty Gritty is the new course from Bill Poulos which teaches you how you can successfully trade individual stocks. I don’t normally talk about stock trading on this blog (despite the fact that I’m a very active stock trader myself) but I thought it was worth discussing this course because I think it will benefit many of my readers who are interested in this subject.
The course itself is a series of 9 training videos (that you can watch online) and it is aimed primarily at beginners. However I …

Forex trading with or even the foreign alternate market will be the largest fiscal market inside globe, using a volume of above four trillion transactions each day. If compared to store alternate it is even larger. Which means you would discover how big the market is. Forex trading with will be the trading with of currencies in straightforward words obtaining weak currencies and promoting it if they turn into robust. And from time to time more intelligent people purchase a robust currency and offer the weak ones. Forex trading with …