Tyler Yell, CMT

Tyler Yell, CMT

Forex Trading Instructor

Position Trading based on technical set ups, Risk Management & Trader Psychology.
Tyler Yell is a Currency Analyst & Trading Instructor for DailyFX in North Texas. Tyler joined DailyFX in 2012 after working for a major FX Broker in a Senior Sales role for four years. Tyler’s investing strategy varies from medium to long-term trades based on global macro themes with a few short-term trades when mean-reversion opportunities exist based on advanced technical set-ups. Tyler holds the Chartered Market Technician® (CMT) credential, which is the preeminent, global designation for practitioners of technical analysis. The CMT designation is awarded to those who demonstrate mastery of a core body of knowledge of investment risk in portfolio management settings. Tyler is also attending Southern Methodist University’s Professional MBA program that has given him a strong fundamental understanding of advanced market concepts. Readers of DailyFX appreciate Tyler’s unique ability to communicate market truths like risk management and technical set ups in a simple way to improve comprehension and application for the newer trader.



A New Channel Method to Determine Key Breaks Early

New traders are correctly introduced to trendlines but a channel that is based on the strength of the trend can provide great information.

Finding & Trading the Next Big Mover in Forex

No trend, bullish or bearish, lasts forever. When one currency is dethroned, it’s good to have an approach to see what’s coming up.

Trading Forex In a Runaway Market Due to News Events

Markets that move faster than historical averages or steeper than normal are exciting but if you’re not in early, it can be dangerous.

How To Find FX Trades with a Larger View of the Global Economy

Conviction and building a large view of where the global economy is heading can help you build quick trade ideas with low risk until proven wrong.

How to Use RSI in Extended Markets To Time Entries

The last month has brought strong moves in unison than we haven’t seen for most of 2014 that requires optimizing the popular RSI tool.

Using Chart Gaps to Build an Effective Trading Bias

Chart gaps are easy to spot and can be important trend developments on the chart. Here's how you can incorporate gaps into your trading.

Unlock Heikin-Ashi’s Power to Confirm Candlestick Formations

Heikin-Ashi is a powerful Japanese candlestick modification. This article describes how you can use HA to confirm candlestick signals.

Stay in Strong Trends with the Heikin-Ashi Candlestick

Heikin-Ashi is an innovative, simple, and pragmatic candlestick available to anyone from new to experienced forex traders.

A Simple Guide for Using the Popular Moving Averages in Forex

It’s hard to beat Moving Averages for their simplicity in keeping your focus on the trend and taking you out of the trend when you reverse.

The Definitive Guide to Trading Trends with Ichimoku Cloud

Ichimoku does a great job of helping you stay in trends while managing open risk. Here is a complete breakdown of the indicator that is also a strategy.

Trading Rules That Have Stood the Test of Time

Over the years, the sages of Wall Street have been asked to share their iron-clad rules. Here are a few of my favorites as well as a FX application.

3 Key Components to Developing a Strategy

It’s easy to enter a trade hoping it works out. Instead of hoping, apply this 3-tier system to any trading system you’re developing.

Building an Effective Bias with Opening Range Extremes

Traders looking for a simple way to build an active bias and manage risk can benefit from identifying opening ranges on their favorite FX pairs.

A Simple Guide to Trading With Pivots in a Directional Market

Pivot Points provide objective levels to enter a trade, set stops, & exit if the trade moves in your favor. Here’s a quick guide to getting started.

Why Traders Lose Money & What You Can Do About It

This article takes a new approach to seeing why traders lose money and gives you a plan to try and reverse the losing traders experience.

2 Simple Strategies to Help You Trade a Favorable Bounce

The FX Market is composed of pairs, meaning that an aggressive move in one direction is often retraced, here’s how you can spot such entries.

The Easiest Pre-Trend Price Pattern To Recognize & How to Trade It

This series show you how to benefit from knowledge of common patterns that specifically develop before trend resumption so you can limit your risk.

Pre-Trend Chart Patterns Every Trader Should Know: Part II

Learn how to benefit from knowledge of common patterns that typically develop before trend resumption like the triangle on Gold.

Pre-Trend Chart Patterns Every Trader Should Know: Part I

Experience benefits traders in many ways, but knowledge of common patterns before trend resumption can be a shortcut.

How to Day Trade with Ichimoku

Few systems easily point out trend trading opportunities like Ichimoku. Here is an approach to shorter-term trading with this dynamic indicator.