The positive news from the EU Economic Summit created a lot of movement in the markets...and left me without a trade by the time the UK session opened.www.privateforexcoaching.comCanada will have its Canada Day holiday on Monday and the US will celebrate Independence Day on Wednesday.Have a wonderful weekend!Mich......

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"It's never a good idea to chase a trade" - is what my mentor always told me.  Be patient...wait for the pullback or find another pair still setting up and trade it.  He only takes trades of 3:1 Reward to Risk ratio or greater.  Plan your trades in advance, be systematic and wait for your setup to occur...never be impulsive with trading!www.privateforexcoaching.comGreat trading!Mich......

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The GBP had a very familiar setup overnight.  This trade setup occurs with great frequency.  Train your eyes to look for it and you will be rewarded.  Spend some time going back over charts and you will see it many times!Please check out other chart examples for other forex tips and tricks...Your questions are welcomed.Great trading!Michael  www.privateforexcoaching.......

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CHF moved up overnight - Do not be a breakout buyer...Questions are welcomed.Email Michael@privateforexcoaching.comGreat trading.Michael  www.privateforexcoaching.......

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I'm starting this blog to share some forex trading tips for those that are interested.Trading is an extremely difficult profession!  Most retail traders make it much harder than it needs to be because  99% of indicators available for charting are useless, completely unnecessary and distracting for the trader.  After wasting a number of years experimenting with different indicators, I paid handsomely to learn trading from one of the......

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