Recent content by futuresforex

EUR/GBP has bounced strongly off the 0.8800 support level. I expect an upward breakout.

NZD/JPY is setting up for a triangle breakout to the upside.

EUR/CHF looks to be ready to breakout the upside. The price target is 1.3300

The Eur/Usd is setting up for a breakout higher. The market was consolidating between 1.4240 and 1.4050. But now with the bullish engulfing pattern the market's momentum has shifted to the upside. Price targets are 1.4300 and 1.4500

USD/CHF decided to bounce off the 0.9125 level instead of reaching 0.9100. Since the market is forming a bottoming tail now, it is best to get out at breakeven before the market moves higher towards 0.9250 or the 0.9300 area.

USD/CHF is forming a bearish pattern. The market has formed resistance at a key level with the 0.9250 pivot area and the 38 fib resistance. I would expect a drop to the 0.9100 level as the first target.

Well there are a few reasons. Forex was only available to the retail trader with small accounts only in the past 6-10 years. That means it is only in peoples minds since around 2000 or 2005. That means only the younger generation knows a lot about it mostly. Also stocks are more popular...

All successful traders should be very proud to have reached that level of success. Why you ask? 1. Well trading like many other things in life takes some good commitment and if you are successful you have joined the 5% that make it. 2. You are going up against some of the big banks, and...

Yes failure rate is that high. Just like there is a 90-95% failure rate with starting a small business, and accomplishing many of the things in life. Trading is alluring because you have the ability to place trades from the comfort of your own home, use a little bit of leverage, and...

Limit Orders is a type of entry order, that only get executed when price reaches your set limit price. You want to buy the financial instrument (stocks,futures,forex,etc) at a specified price, or better. You can usually specify the time length that the order is to be active for as well. Buy...

EUR/JPY is forming a bullish head and shoulders pattern. If resistance at 115.60 can get broken then the upside target would be 120.00. There is support at 114.00 that the market may want to pullback to first.

Robots might work in certain market conditions and fail miserably in other market conditions. Other robots like to average down losers and use huge stops, hoping to make money when the market goes a little bit in their favor. Such trading methods may make short term profits, but will fail in...

Well, No, I am not showing the move after the fact. I am posting the chart live and the trade live. Now with 3,000 posts under your belt you should know that the trend line can act as resistance until it is broken. The chart pattern is only valid after the trend line is broken and that is...

EUR/AUD has broken above a key trend line resistance point. The market may decide to push higher over the coming days.

Update on the usd/chf situation. The triangle made a false breakout to the upside and ran into the 0.9317 resistance level. Since the market made a false breakout to the upside, I would expect the real breakout to be the downside.