Forex Day Trading Room

EUR/USD [caption id="attachment_733" align="alignnone" width="300" caption="FXDMG"][/caption] Here is the same 5 min EUR/USD chart (On the left) and the GBP/USD 1 min chart (Upper right) and the USD/CHF 1 min chart (Bottom right). I use the two right hand charts to confirm that the currencies are tracking properly. This tells me that the EUR/USD is being traded, not manipulated. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

[caption id="attachment_729" align="alignnone" width="300" caption="FXDMG"][/caption] We have been bottom feeding since the London open and we seem to be range bound for now. REMEMBER the FOMC is out at 18:00 GMT and the market might be soft until then. We may take a few 5/10 pip trades that we will not post as they happen too fast for me to post. If I see anything that may have legs I will post it as well give you what we see in the trading room. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD Just a quick not to say hi and let you know that there is a way of handling a boring/monotonous/routine like sitting in front of the screens hour after hour when the market is flat. The problem is that our minds want to wonder BUT can you imagine what it must be like to be a truck driver who must be alert mile after mile????? Thank goodness they have worked it out or we would all be in trouble. Setting goals is a good way of breaking up your day. I personally divide up my hour into four parts and give myself tasks to complete each 15 minute cycle. Look at the daily chart, 4 hour chart, 15 min, 5 min & 1min chart. Check how the 34 interacts with he 89 EMA and see how the 5 interacts with the 3 min EMA. NEVER LET YOUR MIND WONDER AWAY FROM YOUR TRADING !!! OTHERWISE YOU SHOULD TAKE A BREAK AND GO HAVE COFFEE WITH YOUR WIFE/HUSBAND. TO BE HALF TRADING WILL COST YOU MONEY AND EFFICIENCY. I know that this is trading 101, but still good advice. FXDMG

Forex trading - live day trading course and currency trade room.