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It’s Time to Get Passionate

You've probably heard it said that to be successful in forex trading you have to remove your emotions. This is certainly true to an extent, but I think being passionate before embarking on writing a line of code can be healthy. Why? Passion at the … [Read more]

Start by looking at your desires

Let's play a little game of pretending. Let's pretend you have, right now, 100 million dollars. It's yours. Nobody else's. And you can do whatever you want with it. What would you do with it? Would you buy a new house? Would you buy a new car? Would … [Read more]

How to design a fully automated trading system?

It's been now almost 2 and a half years since I started this journey of designing a fully automated trading strategy. I certainly don't believe "I've arrived" and I still have much to learn, however, there are many things that I have learnt … [Read more]

Success with Trend Lines! (Just Four Questions)

Drawing a line in the sand and expecting that the waves will never reach that point is the same as drawing a trend line on a chart and expecting a similar thing. Trend lines in and of themselves are nothing in the market. They are a manifestation … [Read more]

Three Good Reasons to be a Trend Line Trader

Price action traders love to draw them, love to predict the future using them and love to trade by them - yet few know how to properly use them. If you're anything like me you've come to a point in your trading career where you have a hit-and-miss … [Read more]

New Enhancement to Trend Line EA – Helps Spot Reversal Trades!

I have applied a small tweak to my trend line script whereby it now has the ability of detecting whether a currency has had X number of consecutive closes beyond it. This has proved perhaps more beneficial in the lower time frames such as the … [Read more]

Why Do Horizontal Trend Lines Work?

Whenever you use an indicator or a trend line in your trading or analysis it's always good to challenge your presuppositions. Many traders love an indicator because it looks nice or appeals to their taste, which may be a great way to start in … [Read more]

AUDNZD Caught Between Two Worlds

The AUDNZD seems caught between two worlds. Last week we saw a strong bullish move which showed promise of breaking it's long standing resistance area that has been in effect since before Christmas last year. However, more effort is needed and it … [Read more]

What More Can Be Made After Making 2,037 Pips (in 1 Trade)??

You'll recall last year the famous channel breakout of the GBPCAD. I entered this trade and ended up making a nice profit from it (2,037.1 pips to be exact), however, this doesn't mean that's all folks. While we certainly have to caution ourselves … [Read more]

AUDNZD Bearish Flag – Weekly Analysis

Currently the weekly chart of the AUDNZD looks nice for further downside. Around November 2013 I made mention of the bearish flag and to watch for it's subsequent break. Alas 6 months on we did see a nice break at the beginning of 2014 and now we … [Read more]