DRFX FOREX SWING TRADING

There are many of us who take the Signals provided by a Higher Time Frame and then trade on a Smaller Time Frame in that same direction to get a better entry with a smaller Stop Loss. However, one of the traps of the market is that the signal given by the Larger Chart could be a False Signal, leading us to enter when the trend has actually ended and is about to reverse.  One of the ways to avoid this is by waiting for the smaller time frame to give a signal of its own to confirm the signal of the Larger Chart. If this signal is not given or it is not given within a certain time period, then it means there is a reduced probability of a profitable move - and an increased chance of a reversal.  The Table 7 Chart taken from my Trading Manual reveals how interconnected time frames interact to provide us with Profitable Entry Signals. If a Signal from the Larger Chart is going to lead to a profitable move, the Lower Time Frame that it controls will respond to confirm this wit...

This Free Video Lesson takes a look at False Consolidation Breakouts which are one of the Market Setups that can be both very profitable and very dangerous to trade if we aren't careful. I describe in detail how they are formed, how they move as well as how to trade them to maximize on the gains they offer ahead of market reversals! The trade that took place on the 4 Hour Chart of the GBP JPY was a typical example of these aggressive setups. I show you how to accurately draw Resistance and Support Lines when drawing Consolidations, the most common Candlesticks that start Breakout Reversals, Stop Placement, as well as the best place to exit these trades. All of this is done in the context of solving the 5 Common Challenges faced by traders when it comes to trading the Forex... The video also explains why it is very important to avoid monitoring our trades. Because of the fact we are trading with real money in one of the most difficult financial markets, it is very...

Double Top Patterns are very common across the Forex and can be seen on all time frames as the market transitions from an Uptrend to a Downtrend for the Currency Pair we are trading. They tend to lead to fast and aggressive market movements and can provide traders with quick trading gains. However, because of this possibility of quick gains, traders can be easily tempted to enter the market too early. I n order to successfully trade them, we must understand their structure and the common trap associated with them to avoid being Stopped Out when the market reverses sharply! The Video Analysis below provides you with details of this common Japanese Candlestick Market Pattern and shows a practical example from the GBP USD that was traded last week, as its 4 Hour Chart transitioned from an Uptrend to a Downtrend.  VIDEO ANALYSIS OF DOUBLE TOP PATTERNS As usual, if you have any questions about the analysis, the GBP USD trade or want to subscribe to my...

Focusing on a single trading pattern that provides consistent trading gains on 1 or 2 Time Frames is probably one of the best things that you can do to be successful in the Forex Market in the Long-Run. With so many patterns formed in the market everyday across all time frames, it can be quite challenging and stressful to try to trade them all.  If however, you were to only trade Uptrends and Downtrends on the Weekly Chart or Consolidation Patterns on the 4 Hour Chart, you may benefit from a more patient approach where you only trade the pattern that gives you your preferred Risk to Reward combination.  This is also beneficial in terms having some downtime from trading which can be a very stressful activity, especially if you try to trade everyday. If, for example, it takes 2 to 3 days for the market to provide new opportunities based on your preferred pattern, you can take advantage of it by taking a break to do other real world stuff. It would also allow you to rema...