Forexforbeginners

Forexforbeginners

I want to build and help traders along their journey. I want to create a group where you can all discuss trades and get guidance along the way sharing ideas etc. If this sound's like something you want so that you can have first hand help then drop a comment! GBPUSD nice little setup for next week I am potentially going to be looking at. We have a good few...

Forexforbeginners

What a trade looks like from a higher time frame. EU has now come to a nice daily support and from Friday's close we could see a retracement off that level. That along side the fact we have a severely oversold pair according to the stochastic gives us the confidence that the pair should continue up. Only a short term trade here targeting the last prior high like...

Forexforbeginners

AUDJPY setup here which i will get on to but i was interested to see how many of you would be interested in a free group? Is it something you have done before and how did you find it etc? I do see a lot on here spouting about buying signals which i don't think is the way to go especially for new people as you need to understand what you are doing before...

Forexforbeginners

EURGBP - SO we can see that this pair has had a nice bullish run and we have come back down today and retested this. Of course I have not entered this today as the markets are closing for the weekend so it would be ridiculous to enter later on a Friday. What we will do Is wait for Monday's London session and hopefully we will see some Liquidity in the market...

Forexforbeginners

GBPAUD - let's have a gander here then shall we. Nice 2% profit trade taken on GA today. I did post a near on same chart yesterday in regards to the mini FTMO challenge I took to show how you can flip a small account into a profit then in turn into the FTMO challenge and then get yourself funded for £10,000. So now that is done and dusted I took some time out this...

Forexforbeginners

GBPAUD - Nice trade to help me pass out of the FTMO 'verification' stage on a £10,000 account. This part of the challenge has been completed in 2 days with a win rate of 93.33% (which I can prove) I lost 1% on my first trade on the account and from there it was all success. If I can help at all, drop a comment and let me know. GBPAUD then. Like I have said, I...

Forexforbeginners

AUDUSD - short term long trade here. Nice level found here on the higher time frames. Tight stop loss with a good RR, target is just above this 0.73291 but I WILL monitor price around that level as there is somme structure previously which has been found hence me using that level as interest on the chart. If you follow, use correct risk management

Forexforbeginners

EURCHF - Morning traders! As I said on my last EC chart last night I was waiting for the Asia market to do it's thing and then I would re-evaluate where we were at this morning. We saw the pair push up and then we had a nice wick down to this 50% level I mentioned. Good stop loss in place so now we wait and see how we get on through the day! Happy trading...

Forexforbeginners

Good evening guys, hope you are all well! Firstly if you have been following me these last few days you will see I uploaded a chart on GBPaud - it was starting to look good and I managed to get out the trade at a BE (Breakeven) as I wasn't seeing the expected movement I wanted from the pair so stops were put to break even and the pair stopped out. Never the...

Forexforbeginners

If you looked back at my previous GBPUSD post you will find a very similar setup to what this GBPJPY is. Basically this level was determined from a daily time frame. After finding a level off the daily I scaled into the lower timeframes which allowed me to use these thin black lines. Top line was the closure of the daily candles previously and the lower line is...

Forexforbeginners

If you followed or looked at my previous post on GBPAUD. You can see price has now come up to the level I wanted for us to enter into this trade so now we let the trade run and see how we get on! If you followed this trade you would currently be sat on around +15 pips at time of writing this out! :P Happy trading week guys!

Forexforbeginners

If ever you want a day to sit back, relax, and just look at the charts with no distractions from the live market then Sunday's are your day. You have time to reflect back at the week and have a clear view of the week ahead. GBPAUD - we have broken out of a bullish daily trend followed by a strong impulsive move down after the retest. On the lower time frame is...

Forexforbeginners

LOOK AT THIS! GOLD IS REACHING THE ALL MAGIC NUMBER OF 1820 WHEN THIS HAPPENS WE WILL BECOME RICH AND SELL! When we reach this level we will meet the magic unicorn who well sell with us and ride this pair down harder than Aladdin does on his magic carpet. Me, Aladdin and the unicorn are all going to sell off that level and laugh at everyone trying to buy along...

Forexforbeginners

AUDUSD - I'll be giving a breakdown here of AU. For people to potentially follow but mainly for new people to understand and not be intimidated by the charts. Charting is the easy part to forex, the hard part is your mind and your risk control. Even though this trade looks spot on to me I'm still going to stick to my plan and use 1% risk on this trade. There is...

Forexforbeginners

GBPUSD - Another simple trade setup today making that 2/2 profitable trades to end the week. I'm wondering though, how all these market's or social media forex traders make a name for themselves because half of them can't show you a proper chart! It makes me mad when there are genuine people out there who will help you learn and show you the correct way to...

Forexforbeginners

GBPNZD - If ever you want your first trade of the day to go well you'd want it to look a little like this! Nice trade on the London open on GN. Price was coming up to a nice daily level so like normal we scale into the lower timeframes (1hr) on this occasion and we can see the standard... hard bearish run down and a slow gradual bullish pull back giving us our...

Forexforbeginners

AUDJPY - This is a nice little setup from last night. A simple set up here but one of which you will need to scale into the higher timeframes (daily) to see why this level was exciting for me. If we look at 85.244 on the daily timeframe we can see that price this year has reacted quite nicely. Of course we had the break in late October temporarily but this was...

Forexforbeginners

So GU has been funny over the last few days. So after watching this closely pretty much all morning! it was time to enter. Again, to see the full picture you might need to go on to the daily but for those that have a good understanding of the charts you'll see why i decided to take the trade. Overall this pair is bearish on the higher time frames and it is...