Forexforbeginners

Forexforbeginners

GBPUSD is looking likely for sells but where? I'm interested in 2 options. We could see a continuation down from this structure we are currently at now or we will see some retracement back to the previous structure. Bullish trend broke and nice 1hr bearish trend has formed. Either way we are looking like sells

Forexforbeginners

Follow on from my previous GBPCHF analysis. Analysis still stands, we have a nice push back up to the Bearish channel and the structure it sat in previously and price has pushed nicely back down after the London open. Waiting for price to break this level and then we can look to get into our short positions.

Forexforbeginners

Here we can see AUDJPY in this 4hr bearish channel, clear as day, bearish! In the smaller timeframes we can see we had a nice bullish channel short term which we can see has now broken, this along with the structure zone price is still in makes it all the better to look for shorts. Once we break out of this we will look to enter to the next short term...

Forexforbeginners

GBPCHF has reactednicely to this bearish 4hr channel along with the structure we found above. We did take advantage of this pair yesterday and took some nice profit. Unlink some we don't hold trades over the weekend as anything can happen, news can happen and push price massively against you. Personally find it easier to just close, accept profits and wait for...

Forexforbeginners

As it's the weekend, if you follow my channel you'll see come the weekend i like to go over the charts and try and give a little lesson/background to how i read my charts. Now, everyone has a different outlook on charts and that's okay. The way i trade may not suit someone else and the way they trade may not suit me and that's fine because you should all find...

Forexforbeginners

So a little bit of a follow on from GU and now onto GBPJPY. Like i said these 2 seem to follow each other quite a bit although the charts are not always the same. So GJ is based on a different trading stratergy and i have tried to outline and mark along the chart to try and make a bit more sense to this one. If you want to find out more just drop a comment...

Forexforbeginners

I have taken 2 trades this morning. One on GU and the other on GJ similar setups and the same outcome. If you're new to trading you will soon learn that some pairs follow very similar patterns. For example when GU is bullish GJ 90% of the time will also be bullish. It's not very often we see one going the opposite way to the other. SOMETIMES it does but majority...

Forexforbeginners

EURUSD last night when i was looking at the charts presented 2 oppurtunities for me. Either we would see a push up and retest and the Euro take over or we would continue down and drop. When i woke up this morning we could see the bears were still in control and during the London open we could see some mometum back in the Euro giving us our pull back entry so we...

Forexforbeginners

Could be looking at further sells on EURUSD. same setup as this morning just further down the graph. Looks to be breaking out of structure... wait for the test/confirmation then in we go!

Forexforbeginners

GBPUSD - very much based a little like EURUSD. I've drawn a bit on the chart to help newcomers maybe understand the idea a bit better. So the black line I have drawn up and down very much like price action is just me showing how price was making new higher highs and higher lows and price was moving up nicely. We then come to a hurdle and price failed to make a...

Forexforbeginners

If you look back at my EURUSD trade idea yesterday we were waiting on some indication as to which way we were going to be trading. Price was trading above the original structure interest I had through the Asian session but I don't trade that anyway so it was no love lost on that. As we approached the London open we could see the bears coming into play and when we...

Forexforbeginners

We need to wait and see what EURUSD decides to do here. Personally i think we will see it reach the top structure before we see downside movement but who knows... If we start making new lows and break out of this current structure then i will look for sell positions to the next structure!

Forexforbeginners

I'm looking at EURGBP on a few time frames and to me we should see a bullish run in the pair. We have a lot of manipulation in this little sqaure i have drawn so i'm patiently waiting and not rushing into anything. If we break below and have candle closures then i will avoid the trade and look at different entrys. For me though i would like to see a break to...

Forexforbeginners

Shorted this pair earlier this morning and closed out nice profit with a small amount running. Price has returned and come up to this 15m structure Selling againfromhere to hopefully ride down to final target. If you follow please use own risk management SL 93.925 TP 93.132 RR 3.58%

Forexforbeginners

EURUSD has come up to a 4hr structure area and appears to be rejecting. As i am tradingthe 15m chart i am consious that there appears to be a pattern forming in higher high's and higher lows (as my black line shows how price is playing) I would like to see price break this 15m structure, retest and then i'll look for sells (green lines showing what i want to...

Forexforbeginners Updated 

Short and simple, Waiting for price to meet supply zone and then we're selling. Very volitle pair this one so manage your own risk.

Forexforbeginners

AUDJPY is at a level of interest for me. Still in this bearish 4hr channel and price has now come back to a level of hourly structure so a nice bearish close on the hourly will be good confirmation for me to enter this pair. SL just above most recent wick up which takes us just a pip or two above the channel. TP targeting the recent lows.

Forexforbeginners

Trading is difficult of course it is otherwise we'd all be millionaires lets face it. Most important thing is managing risk and having a stratergy. I've tried to make this Gold setup super simple. I've added notes to the chart to try and make it make sense. We have been trading in a form of higher highs and higher lows with added structure showing form. So...