TraderZack

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January 27, 2017

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Looks like CAD/JPY is in a wedge:

And USD/JPY breaking a channel:

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Simple Forex 4hr and 5 min Strategy

Mechanical and Price Action Strategies Any time Frame I would like to share one very simple strategy from Stan Weinsten's book. I will help you adapt it to your personality. As I mentioned in the psychology post you have to be real with yourself. I will break it down into 4 categories: Entry Method: Stop Loss: Take Profit: Time Frame: For example, If you are the type of person that is not so confident, and cannot stand being wrong, I will give you an entry method that requires more confirmation. If you are the patient type, I will recommend a take profit strategy that is more trend following. Etc. I think I will start with two methods for each of the of the 4 categories, and then I can expand from there. Charts will come. Please let me know how else I can help, Zack

EUR.NZD Bullish Reversal

Looks like a wedge, with divergence/half decline on latest leg, expecting a massive move up

Psychology of Trading Forex

What is the most effective, simple, and profitable forex trading strategy? It depends on you. Today I want to talk about creating a strategy based on your mindset. I see that many beginning traders spend countless hours looking for the most "money-making system." They take tons of entries, stop loss, take profit methods, and they can't seem to stick with one. The problem is that they have never diagnosed themselves, and thought about what system is relevant to their personality. So let's think about this. Today I will go through one part of creating a system, choosing a time frame. If I see interest, I will continue with entry, stop loss, and take profit strategies also. Choosing your time frame Are you patient? Or do you need instant results? Maybe you like to think about things? Maybe you don't want to constantly be checking the market? So if you are a quick thinking, action seeking type, you should probably be looking at the ...

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