On the chart above you can see that USDCHF rallied but when the rally lost steam a bearish engulfing pattern occured. This was a sign of trouble for the bulls. After a correction the market made another attempt for new highs but it failed and two spinning tops occured. This completed a 1-2-3 top and we placed sell order below the lows of the spinning tops @ 1.1838. You could place the order below point 2 also. As you can see a huuuge sell off followed and profit of 150+ pips could be made easily.

EUR/USD breaks below the previous lows 1.2700 and 1.2697. This is e very strong support level and we can expect a retracement. We place a buy order @ 1.2702 and stop loss @ 1.2688. As you can see a nice 40 pips profit could be made in the first 30 minutes.

Today we wil show you how you can combine indicators and candlesticks patterns. The price is below 50MA and CCI is below 0 which means that the market is trending down and we should prefer the sell signals. The price retraces and tests teh 50 MA and at the sime time CCI shows up above the 0 line. Tou can see a hanging man candlesticks reversal patterns on the shart also. We place a sell order below the low of this pattern @ 1.2801 and stop loss @ 1.2835. A sell off follows and we can make profit from 30 to 110 pips.

For the last few days USD/JPY is in uptrend which is confirmed by the MACD and the MAs. One of the best tools for following of trend moves are the Moving averages. On the chart above you can see how we can use tests of the 20 period MA for set ups. We place buy orders above the hihgs of the signal candles. If we trail the move with stops below the 20 period MA you can see that the second signal generates 140 pips profit so far.

Today we will show you a nice momentum trade with USD/JPY. We will use 30 minutes chart because the lower time frames give a lot of fake signals. You can see a break after the market opens but we ignore it because the liquidity is very low. Before the European market opens the Momentum breaks the suignal line upwards. We place a buy order above the hi of the sugnal candle @ 93.08. A nice rally follows and we move our stop below the lows of the 30 minutes candles. At 1-:30 GMT a doji forms on the chart and we close the positin for 65 pips profit.

Another good example of our favorite 2B set up. EUR/USD makes new low @ 1.2557. At the same time CCI is below 110 and shows oversold market. We place a buy stop order above the previous low @ 1.2568 and a protective stop loss @ 1.2554. A nice profit of 80 pips could be made.

Today’s example is for chart pattern set ups. These are one of the best set ups if traded properly. On the 1H chart of USD/CHF a Flag pattern is formed. The direction of the previous move is up and the flag waves down so we have to place a buy stop order above the resistance line. The level of the orer is 1.1777. After the position is opened we place a protective stop loss below the breakout candle’s low @ 1.1759. As you can see a nice profit of 100+ pips could be made.

This time the example is based on a daily chart. EUR/SUD makes new low below the previous one and we have a 2B set up. We place a buy order @ 1.2553. The position management is shown on the chart below.

EUR/USD goes up and we are long @ 1.2553 with protective stop @ 1.2505. Our targets for the first 1/3 of the position is 100 pips and for the second 1/3 – 200 pips. The last 1/3 will be held until the market stops us out. We will move our stop on 15 minute chart. As you can see the EUR stages a rally and we close the first 1/3 for 100 pips profit and second 1/3 for 200 pips profit. We move the stop below swing lows or consolidation areas.

Very interesting situation from today. After a massive rally in USDJPY the market was in an extremely overbought condition as you can see from the RSI and Stochastics readings above 70 and 80 respectively. A few candlesticks reversal patterns show that the market reached a point of indecision and a correction is in the cards. We place a sell order below the lows of the candlesticks @ 93.74 and a protective stop loss above the figure @ 94.04. As you can see a nice profit of 40+ pips could be gained in 30 minutes.

Today;s example is our favorite 2B strategy.  USDCHF made new hi @ 1.1768 whcih was 7 pips above the previous hi. We place sell order @ 1.1759 and protective stop @ 1.1773. As you can see a nice 30 pip profit could be made from this position.