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Morning forex traders, Our last position on EURUSD was triggered from a Buy signal and we exited the trade near the top and with a very good profit. Since then price has declined and we have remained out of the market but are now considering entering in the direction of the trend once again. However, while the [...]
Initially traders often take on the role of day trading as a way of trying to win money from the markets. The odds of success are very low in day trading (unless trading clients money), yet traders continue to blow their account doing so. Trend following is based on the principle that price has provided [...]
Hello traders, Last week was another profitable week for Dynamic Traders and we spent less time than it takes the average person to commute to work in London. Friday was NFP and while the scalpers tried desperately to pick up a few pips, we managed our existing positions and did nothing. The end result was more profits [...]
Hello traders, Today we will analyse the trend of the British Pound. The chart below shows a monthly view of GBPUSD with Advanced Get XTL price action. Currently XTL is black suggesting price is devoid of a decent trend and the market noise is excessive. Price also has been range bound over a few years. [...]
Hello trend traders, Since the beginning of December 2012 we have seen an explosion is some of the currencies we have been tracking through the latter part of November. The Yen crosses were on that list and all have performed very well. Today we will look at the USDJPY pair. Below are two charts of [...]
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