You’ve been researching and practicing a day trading strategy using historical charts or a demo account. How long should you do this for, and when should you switch to live trading with real capital? Here’s a checklist for when you […]
Instead of having a random y-axis on your EURUSD day trading chart, consider using the same scale every day. Increase it only if the price action of the day requires it. Don’t trade until you have scaled your y-axis appropriately. […]
Identify trading opportunities in the strongest and weakest forex pairs. This page highlights the forex pairs making the biggest price moves in the strongest trends. You may find this useful for identifying swing trades based on strongly trending forex pairs. […]
Learn strategies for day trading the non-farm payrolls (NFP) report, one of the biggest market moving events in forex. These are strategies you can build off whether day trading the EURUSD or the GBPUSD. You’ll learn ways to make money […]
The EURUSD is one of the most heavily traded financial instruments on the planet. The forex market does more volume than all other financial markets, including stocks and bonds. Most forex transactions occur in the Euro and the US dollar. […]
These are the key things I look for when day trading price action. You don’t need to know everything about technical analysis to trade well. These few key concepts will enhance your trading. The slides are copied below so you […]
The Snap-Back is a EURUSD day trading strategy for the 1-minute chart. I trade this strategy between about 8:00 am EST and 11 am EST. I use a 2.5:1 reward:risk and I let the price hit the stop loss or […]
A trade log tracks the number of trades, wins, losses, and profits, but more importantly, it tracks trading statistics such as win-rate, reward:risk, and efficiency, each day and over many days. A trade log provides insights into our trading and […]
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