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Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

How To Begin Your Trading With The End In Mind

I just got off the phone with a delightful couple, Jeffrey and Felicia. I was asked if I would speak to them briefly because Jeffrey, the trader of the couple, had been consistently losing money for months. As they were trading with the last of their retirement, it was now imperative that they do something differently to begin getting the results that they

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USDCHF: Sells Off, Extends Further Weakness

USDCHF: With the pair resuming its medium term weakness on a sell off the past week, more decline is envisaged. On the downside, support lies at the 0.9400 level. A turn below here will open the door for more weakness towards the 0.9350 level and then the 0.9300 level. Its weekly RSI is bearish and pointing lowering suggesting further weakness. On the upside,

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USDJPY: Bearish, Faces Further Weakness

USDJPY: The pair continues to hold on to its downside pressure weakening further on Friday. On the downside, support comes in at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level. Its daily RSI is bearish and pointing lower suggesting

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Simplicity Is Best Answer To Your Trading Problems

“It looks a bit full but it’s going to work,” he thought as his limit order was being placed on the YM E-mini 5 minute chart. There was not much space for the chart to be exhibited, though, as there was a MACD indicator, an RSI, a Stochastic, an ATR and a Bollinger Band prominently displayed. John liked to ensure that he had

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GBPUSD: Extends Weakness, Remains Vulnerable

GBPUSD: The pair continues to retain its nearer downtrend weakening further on Thursday. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance

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USDJPY: Weakens Further With Eyes On 111.00 Zone

USDJPY: The pair continues to hold on to its downside pressure closing lower on Wednesday and opening the door for more declines. On the downside, support comes in at the 111.50 level where a break if seen will aim at the 111.00 level. A cut through here will turn focus to the 110.50 level and possibly lower towards the 110.00 level. On the

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Why Trading Is Not What You Think It Is

Trading can be counter-intuitive in a number of ways. Let’s examine an instance of this as we look over Shirley’s shoulder at her trade. The green candles were rising faster than the space shuttle Endeavor toward her stop. Her eyes were like saucers while she fought a compelling urge to move her stop-loss. The price action belonged to the YM E-mini 5 minute

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EURUSD: Rallies On Trend Resumption

EURUSD: The pair resumed its medium term uptrend on Tuesday leaving additional risk on the upside. Resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Its daily RSI is bullish and pointing higher suggesting further

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How To Build Trading Skills And Measure Your Results

Jason looked at his trade with both a little disdain and a note of assurance. He had placed a limit order on the 5 minute NQ E-mini chart to go long at the fresh Demand Zone that he had drawn after identifying it on the 60 minute chart. He had a plan and now he was trading that plan. He placed a stop

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GOLD: Faces Further Recovery Higher

GOLD: With the commodity continuing to retrain its recovery, more gain is envisaged. On the downside, support comes in at the 1,210.00 level where a break will turn attention to the 1,200.00 level. Further down, a cut through here will open the door for a move lower towards the 1,190.00 level. Below here if seen could trigger further downside pressure targeting the 1,180.00

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