I love competition and welcome it in almost any scenario, but when I keep seeing demo trading competitions offered by brokers in an effort to attract demo users one has to wonder who are they helping here?

Lets see, generally speaking the winner of a contest is determined by who has the…

EUR/USD Trading Signals | Euro US Dollar Chart Analysis 

EUR/USD Trading Strategies | Euro US Dollar Chart Signals…

EUR/USD Market Analysis | Euro US Dollar Chart Review

The EUR/USD had a quite session today and so far the Euro traded in the hourly consolidation range around the low of November 8th.



The European session started with a shakeout/ stop fishing at 6 a.m. GMT. This false breakout led to a reversal of the EUR/USD. Market moved down to the 1.27 level and in the following market price action was capped in the…

EUR/USD Market Update | Euro US Dollar Technical Chart Analysis

 

Head and Shoulders pattern | Breakout Trading | Continuation chart patterns | Fibonacci levels

EUR/USD…

EUR/USD Market Recap| Euro US Dollar Technical Chart Analysis 

EUR/USD Market Update | Euro US Dollar Technical Chart Analysis

Breakout Timing | Fibonacci Extension level | Gartley pattern | Moving Average | Support Resistance

The Euro found support at the 100 % Fibonacci Extension Cluster yesterday and moved up to the daily 10 SMA. From there, market moved lower with strong bearish momentum and created a new daily low.

On the 4 hour chart the EUR/USD…

EUR/USD Chart Analysis Update

The Gartley Chart pattern

played out well. The EUR/USD found support at the Fibonacci Support zone, which consists of the two 100 % Fibonacci Extension levels. Furthermore, this support zone coincided with Yesterdays Daily S1 and the consolidation price zone of the prior consolidation pattern on the left side of the Euro US Dollar Chart.…

The Market, or so they say, has sent you – his single most abhorrent speculator, the most insignificant trader, a data point that was most certainly made up when an interviewer ran out of ink – only to you has the Market sent a message from his deathbed.  He has had the messenger be…

An F-16 just few overhead and I cant help but think of Col. John Boyd and his OODA Loop.

Col. John Boyd was the loudest, most obnoxious United States Air Force fighter pilot from the mid 1940’s to 1970’s – hell probably ever. He was commonly known as“40 second Boyd” due to his very public…

“At the level I play, it becomes more psychological than mathematical”

Phil Ivey, arguably the World’s best poker player

It’s time to disrupt conventional trading education.  Right now there are thousands of…

Spain, Greece and the Horror with No End...For Now

Although markets were calm today from the US Memorial Holiday, Spain today asked the EU to act in providing support for fiscally frail gov'ts (read 'Spain is begging for help') as its fiscal gaps and banking system (but, but...Bankia is fully solvent you said) are getting pummeled with soaring yields which are punishing the rates on bonds.  Again, Spain is 4x larger than Greece so if Spain…

China Slowing Down, Fear & Loathing in Europe



Prior to the London open, the China HSBC Flash Manufacturing came out worse than expectated, alarming investors globally since the motherland slowing down is a big concern as the weakening output affects all.  This initially sent the AUD and NZD lower but both recovered shortly after to hold modest gains throughout the day.

 

The situation did not get any better with German manufacturing also…

Euro Hits Near 2-Yr Low, Grexit Fears Persist



The Euro got hammered in NY trading dropping 120+pips in about 3 hours as the EU summit didn't really calm any fears of an eventual Grexit from the EZ.  Of course EZ officials telling members of the currency bloc to prepare contingency plans for an exit are not helping. 



Oh yeah, did we forget to mention European banks have the highest loan-to-deposit ratio in the world (3x that of the US banks)?…

In conjunction with FXStreet, I am doing a webinar whereby you get to choose the topic!



Just go to the facebook page for the webinar here;

Chris Capre FXStreet.com Facebook Webinar Choose the Topic



Choose from any subject related to trading so make sure to cast your vote.



You have from May 28th to vote so make sure to do it soon.



The webinar will be on Thursday June 7th…

I am going to start this article with a question which could signify a major portion of your current level of success or failure in trading.

 

The question is;



Do you believe willpower (and specifically - your willpower) is a limited resource, and if so, what do you think it limits you to learn, achieve and accomplish?  

 

A follow up question to this is:



If you work on a difficult task,…

In one of my most recent webinars on price action forex trading, I talked about a key method for detecting when a trend is over-extended, which is to look for a climax or exhaustion reversal bar.  I had mentioned how from an order flow perspective why these exhaustion and climax bars tend to represent a high probability reversal coming based on the various…

Lately I have been spending a lot of time crunching data on some of the forex price action algorithms my programmer and I created, that the data can at times become overwhelming to digest.  In times like these, in needing a break, I often enjoy reading something completely unrelated to forex so I can engage other aspects of my brain.  Recently, the subject…

One of the more popular price action forex reversal patterns people trade today is the engulfing bar reversal pattern which is one of many two bar reversal patterns or AB reversal patterns (AB as in it has an A bar and B bar as part of the pattern) available.  Although this is a commonly traded pattern, many traders fail to find the best entry or are able to gauge a proper target using any…

Here is a collection of some of my students recent price action trades across EUR/USD, GBP/USD, Gold, AUD/USD, etc.  



All of these are trade setups from students in my price action course whom have been really turning it up lately finding some great setups.



The top winners of these are some nice 4 and 5+:1 R:R plays so congrats to all my students!



#1 Riga P.…