We saw new highs in the pair today however the market was not able to hold above the previous high of 1.6023 which is the new battleground for the bulls. Should the market continue to pullback I will look for the line labeled minor trend and the ...

FXTrader1979's Daily Forex Chart Postings

For my first chart I am posting the EUR/USD which has been attracting a lot of interest as it looks like we are going to potentially get a test of all time highs above 1.6000. What I find very interesting about this chart is how well the Bollinger ...

FXTrader1979's Daily Forex Chart Postings

Hi Anyhowtrade, You can find the publishing schedule for the index here: url Its put out the first Thursday of the month where NFP is put out the first Friday of the month. More importantly than this however is that this index is meant to give a ...

The Monster Employment Index and NFP's

The most cost effective way to trade gold is through the futures market. For Futures I like Xpresstrade who was just acquired by optionsexpress. If you want to trade spot gold I believe that OANDA offers this on their platform where you can trade it ...

plz help me

Lesson 8: Trading the Double Top and Double Bottom — In our last lesson we learned about the double top and double bottom and how to spot these setups on a chart. In this lesson we are going to learn about a common strategy that traders use to ...

FXTrader1979's Lessons on the Trading Basics

Lesson 7: An Intro To Chart Patterns and the Double Top — Now that we have learned the basics of technical analysis the next thing we will look at is chart patterns. Chart patterns are what technical traders look for on historical price charts ...

FXTrader1979's Lessons on the Trading Basics

Thanks ash. I have been a little slack recently on posting myself but will pick it back up today thanks to your encouragement! -FXTrader1979

FXTrader1979's Lessons on the Trading Basics

Lesson 6: Multi Time Frame Analysis — We should now have a good understanding of how to spot trends in the market, some of the components that make up those trends, and finally how to recognize support and resistance levels. Now lets tie ...

FXTrader1979's Lessons on the Trading Basics

Lesson 5: Support and Resistance — As many of you already know, just as anything where market forces are at play, the price of a currency is ultimately determined by supply and demand. Very simply, if demand is increasing in relation to supply ...

FXTrader1979's Lessons on the Trading Basics

The tool of the technician when analyzing the forex markets is the price chart. Very simply a price chart is a graph showing the movement of the price of a currency over time. As you can see on the chart below of the EUR/USD the bottom or x axis ...

FXTrader1979's Lessons on the Trading Basics

Lesson 3: Finishing Up on Dow Theory — In yesterday’s lesson we gave an introduction of Dow Theory and looked at the first three tenets which are: markets have three trends, trends have three phases, and the markets discount all news. In ...

FXTrader1979's Lessons on the Trading Basics

Glad to hear its working out. -FXTRader1979

CTA e-book on Trading Psychology

Thats a pretty nifty tool there I like it. Also TrevA I agree that no where near enough attention is given to money management which is the real key in my opinion to successful trading. -FXTrader1979

Lot size calculator for good money management

Much appreciated. I am learning from putting it together so at least one person is benefiting already ;-)

FXTrader1979's Lessons on the Trading Basics

Lesson 2: An Introduction to Dow Theory — In the last lesson we talked a bit about technical analysis and the different ways that traders analyze the markets. In this lesson we will look at the history of technical analysis and something known ...

FXTrader1979's Lessons on the Trading Basics

Lesson 1: An Introduction to Technical Analysis — There are two basic methods that traders use in determining when to enter the market when trading the forex markets which are: Fundamental analysis which seeks to determine the value of a ...

FXTrader1979's Lessons on the Trading Basics

Hi Gogetter, I have found that one of the most important factors in a traders success is finding a system or strategy that fits their personality. I think this was also one of the key concepts that Jack Schwagger said he observed from all the ...

CTA e-book on Trading Psychology