Learning FX Blog

CADJPY Trade Update

Shorting Cadjpy at resistance.. by LearningFX on TradingView.com As you can see above, the trade idea went pretty well. It took a while for this trade to work around to our target area but it got there pretty smoothly. Took profit near support area where it rebounded pretty hard. Stops were moved to break-even which hit later, this trade resulted in...

GBPNZD Trade Update

GBPNZD facing rejection at resistance.. by LearningFX on TradingView.com  Well today was a fun day! Don’t you just love it when you make a quick profit? Got in on the GBPNZD trade on two prices 1.97179 and 1.97416, short, as expected the market failed up there and gave us a handsome profit 🙂 The weaker short price I had 1.97179 I was...

GBPNZD Trade Idea – Looks Like Buyers Are Getting Tired

  GBPNZD, the buyers seem to be getting exhausted here, you can see the wicks and rejection near the recent highs. You could wait for better Risk Reward, I know I will. It seems to face rejection at this level and looks like a great short at this point, you can short right now too but the risk is high...

Being Too Aggressive While Entering A Forex Trade

Aggressive trading in Forex Sometimes the price action seems so good to the eye that you cannot control yourself to enter the trade and that is the biggest mistake you make. You get yourself into a trap which is called aggressive trading in Forex. Ever saw the price going up really fast? You’d think oh man lets buy this its going...

Forex range example

Choosing Your Stop Losses and Stopping Out

How to place stop losses in Forex Have you been having losses? Are you taking them at the right places? One of the worst things a trader faces in day to day trades is taking losses, it is an important part of any Forex traders strategy. It sucks, but its always a good idea to choose your exits in Forex....

Forex Trading Strategies

Every Forex trader trades with a unique style using tools and analysis that suits them best. Choosing Forex trading strategies before trading is very important as it will likely to have an impact on your future trading decisions and will help you build your distinctive trading personality, there may be some styles that may suit you and some that may...

CADJPY Trade Idea

This looks interesting, pretty self explanatory 🙂 Have a great weekend.   Update (28th May 2014) Change in TP1 93.450 as per tweet on twitter.     Do read the Disclaimer before taking any trades based on our ideas.

GBPCHF Trade Update

Unfortunately, we had a loss on this trade. The retail sales data came out much better than expected which steered the trade away from our direction and ended up hitting our Stop loss. Even the best setups can go wrong at times.. not to get discouraged though, we’ll be keeping an eye out for new and better setups. 🙂

GBPCHF Trade Idea

I’m eyeing a really nice setup here today, looking at the GBPCHF Daily Chart, we can see that it’s in an ascending channel and it’s right up at resistance. A pretty nice pin candle formed up which is a nice signal for me to get in. The Stops and TP’s are well defined but this is a trade idea and...

Leverage and How to Be In Control

Leverage is basically a facility which is offered by your broker to trade a larger amount despite of having a smaller account balance. Say your broker is giving you a leverage of 500:1 you can then trade worth 500 times in your account. Although, you can, being a smart trader you should never do so. Controlling leverage As mentioned in...