

The problem for a lot of traders is that they don’t understand that price never moves in straight line. If they place a trade and the price comes back against them, they immediately think the worst, panic and start worrying about how to get out of the trade – there is an immediate full enquiry [...]
The only thing you need is price. Forget the rest just concentrate on price action in your chosen market. Let me ask you a question, do you now the ATR for your chosen contract ? Do you know by looking at a daily chart what constitutes a big move – visually I mean ? If [...]
Many of you have huge problems becoming profitable traders - the reasons for this are varied. However difficult you are currently findings, don't forget the following. When comparing Forex to a traditional offline business, think about the issues you can incurr just running your business, the question of employing staff, buying stock, the money necssary to hold stock, advertising, dealing with the bank, need I go on.
As regular readers of this blog know, we mostly talk Forex, but when we see some interesting price action else we will often go and take a look. So what’s going on in the European stockmarkets – up 7.5% in the last week – must be bullish right ? We’ll take a look at the [...]
It has been some time since I added content to the Exact Trading blog and I thought now would be the right time to add some new entries as there is plenty of opportunity around. In the current financial climate, people, more than ever, are looking at trading as a way of digging themselves out of their financial predicament. Nearly every web site one arrives on seems to have a Google ad or similar, promoting FX trading as the way to financial nirvana.
Posted on 06 December 2011
We took a short position earlier this week in the GBP/USD. If you want to understand the logic of this trade, check out our latest training program. Continue Reading
Posted on 06 December 2011
So at last we have an announcement. There will be an amendment to an existing treaty; countries that break the fiscal rules which will be rolled out with the new Europe will be punished. What I am asking myself, is why does Angel Merkel thinks that countries that have previously broken the rules will now all of a sudden fall into line? If and when she introduces a European snooping squad with sniffer dogs who are trained to spot financial transgressions is she really suggesting she will pile on the pressure by summarily fining them? How will she cope with the existing situation where all countries including Germany have broken one rule or another – will they all get retrospective punishments and how does think the PIIGS will react unless she gives the proper time to change their ways ? Who says where the new starting line is? Continue Reading
Posted on 23 November 2011
So I guess we have all nearly lost count of how many bailouts have now taken place. Banks, insurance companies and now even entire countries. Never has trading, the markets, bond yields, bailouts, CD’s, derivative exposure and all the rest been so prevalent on the front pages of our newspapers and television screens. So what have the [...] Continue Reading
Posted on 16 February 2010
In this second video relating to longer term trading I continue my explanation of trading using weekly levels and look at some examples of where the larger traders have turned the market based on previous weekly highs and lows. We also discuss what it means if price cannot make it to a previous level and [...] Continue Reading
Posted on 15 February 2010
In this video we look at the concept of longer term trading, understanding and looking at how the large bank players position themselves in the market. We look at at how and why it is the market is able to turn “ona dime” and consider the influence of levels created many months if not years [...] Continue Reading
Posted on 02 January 2010
Happy New year to you all. For an interesting kick off to the New Year and another years trading I am showing you a trade where I hope to make a return of 15% within 5 months. The trade is quite simply David cameron and Gordon Brown to be in place as leaders of their [...] Continue Reading
Posted on 09 December 2009
In this video we look at the UK Pre Budget report and the £176 billion shortfall as described by Alistair Darling in the report. We consider the impact of such catastrophic figures in the Forex markets and ask what this might do for sterling in the coming months and look at the price action to [...] Continue Reading
Posted on 06 December 2009
We redently created some videos related to the GBP/USD one hour time frame and explained how we play reversal trades using this time frame. Please look at this video to update yourself on this technique. Continue Reading
Posted on 06 December 2009
IN this video we discuss reentering our long term EURO/USD trade with the trend after the NFP figures released on Friday 4th December. At this moment the long term trend remains in tact. Continue Reading
Posted on 01 December 2009
In this video we look at shorter time price patterns which can help your longer term entries and exists. Continue Reading
Posted on 30 November 2009
In this video we continue the look at some long term EURO/USD trades we set up on the 25th November. Continue Reading
Posted on 30 November 2009
In this video we discuss the setups and trading possibilities offered by the 15 minute time frame. Specifically we address reversal trading and describe how we achieve reversal trading success. Continue Reading
Posted on 24 November 2009
In this video we discuss longer term trading and the chsrts willingness to set itself up to classic technical analysis patterns and signals. We also discuss how to join a move once the trend is in place. Continue Reading
Posted on 23 November 2009
In this video we look at a 15 minute EURO/USD trade and compare the move with previous moves from earlier in the month. Check out the video and compare the moves, se if you can tell which moves will generat more upside movement and which moves will fail. Continue Reading
Posted on 17 November 2009
In this video we trade live and describe how to take a reversal trade using the 5 minute EURO/USD time frame. Our trades produces 20 pips profit. Continue Reading
Posted on 16 November 2009
In this video we take just a few pips out of the market, trading the EURO/USD and show you a simple yet effective technique. Continue Reading
Posted on 16 November 2009
If you are interested in viewing our 15 minute time frame video whwre we discuss and trade a method which is designed to get you into a swing trade then take a look here. Continue Reading
Posted on 15 November 2009
And here we compare thw trades thrown up on the weekly time frame when using the 15 minute second push trading method. Continue Reading
Posted on 15 November 2009
In this short video we look at the 15 minute time frame technique outlined in the last vidoe but against the monthly time frame. Continue Reading