Daily Price Action
Shares

Category Archives for Friday Q&A

How to Enter a Market Before the Breakout

Shares
Businessman using crystal ball

Happy Friday! This week’s question comes from Sherry, who asks: How can I overcome the fear of missing out just before a market breaks out? I’ve gotten better at identifying patterns and momentum, but often miss moves because the market doesn’t retest the broken level. Trading breakouts is one of the most enjoyable and profitable […]

Continue Reading

How Did I Know the GBPJPY Was Going to Drop?

Shares
Flags of United Kingdom and Japan

Happy Friday! This week’s question comes from Asha, who asks: How did you know the GBPJPY was about to drop hundreds of pips? I thought the pair was in an uptrend. Thanks! The truth is, I might be getting ahead of myself with this post. As I’m typing the GBPJPY is still in the process […]

Continue Reading

How Do You Define a Forex Breakout?

Shares
Hand breaking through wall

Happy Friday! This week’s question comes from Margaret, who asks: How do you define a breakout in the Forex market? I would bet that most Forex traders can identify a breakout. As the name implies, it’s when a market breaks out from a key support, resistance level or technical pattern. Sounds simple enough, right? But […]

Continue Reading

Why Did Last Week’s USDJPY Bearish Pin Bar Fail?

Shares
Man dealing with failed trade

Happy Friday! This week’s question comes from several traders, who asked: Why did last week’s USDJPY bearish pin bar fail? Losing is never fun, especially when it comes to money. However, it also happens to be the best teacher. Although we always strive to make a profit, chances are you will learn far more from […]

Continue Reading

How to Avoid Impulsive Trades

Shares
Impulsive trading concept

Happy Friday! This week’s question comes from Tavi, who asks: I have a habit of making impulsive trades that ruin my chance of turning a profit. How can I fix this? Impulsive trading is something that all Forex traders struggle with, some more than others. Even I make the occasional impulsive trade from time to […]

Continue Reading
>
Save 40% on a Lifetime Membership - Ends December 31st!