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.



How You Can Identify the Weakest Currency and Trade it Well

When focusing on currency value extremes to trade, the weakest currency is often subject to the biggest moves and should always be on your radar.

What You Need to Know When Trading Price Patterns

Trading price patterns are great because they give you very clear entry and exit prices but you need to know when the pattern is done.

Make or Break Moment For EURAUD

Two headline currencies converge for one of the best trends of 2013. As the second half of the year gets underway EURAUD is at a decision point.

Improve Your Intraday Targets to Improve Your Trading

Many traders do not know when it is bet to exit a trade on the winning side. The following is a simple method using the current market’s behavior.

Avoid the Trading Trap of Fake Reversals with Ichimoku

False trend reversals can quickly drain the account equity of any trader. Ichimoku can help you confirm trend reversal to protect your equity.

3 Ways For Traders To Manage Unruly Emotions

When emotions go unchecked, even the best trading plans can unravel. Here are 3 key ways to make sure this doesn’t happen to you.

Bringing the Powerful Basket Approach to Forex Trends

Surviving & thriving in any market often boils down to managing your risk and finding an edge. Trading Currency Baskets can help you do both.

Why Certainty Could Be A Very Harmful Trait for a Trader to Hold

Troubles in trading well often lie in the concept that traits which lead to your success off the screen do not correlate to trading with certainty at the core.

2 Step Process for Entering a Conservative Trade with Ichimoku

Seeing a good trend and entry in “one glance” is what Ichimoku helps traders do. However, it’s important to know when to wait before entering.

A Smart Diversity Approach When Volatility Is High

Market-shaking moves often take place in the Forex Market on the back of one or two currencies as the culprit. Here is a way you can play this market dynamic.

How Pivot Points Help Keep Your Head Straight When Volatility Is High

Today’s volatility left a few traders head’s spinning. Here’s how Pivot Points can help you reference important levels during big moves.

How To Place Smarter Stops

Stop placement is a battle that involves avoiding risk and maximizing reward while avoiding the whipsaw effect. Here are the some smart stop options.

Joining Ichimoku with an Advanced Candlestick to Stay With the Trend

Ichimoku helps traders see a worthy set-up in one glance but once in the trade, Heikin-Ashi candles can help you see when it’s smart to stay in.

Ichimoku Basics – Always Start With the Cloud

Whether you’re experienced or new in technical analysis, when you start trading trends with Ichimoku it will serve you best to start with the cloud.

Dynamic Trend Trading With Classic Pivot Points

The best strategy for you can sometimes be the easiest as well. After, you’ve identified a trend, pivots can help you nail entry and exit points.

How to Properly Test Your New Strategy

Traders often test a new strategy and only look for green arrows when their trades are closed. That is but a fraction of what you need to know before fully launching.

3 Focal Points When Building Your Trading Strategy

Whether building an automated or discretionary trading system, there are a handful of items that deserve your attention. Here’s a rundown for you.

Using Ichimoku Levels To Get The Most Of A Trend

Following trends is a battle of getting the best of a move and then making the most of it once you’re in. Here is how Ichimoku can help.

Could 2 MACDs Be Better Than 1?

Many traders are too quick to exit a good trade. An additional MACD with specific settings can help traders avoid leaving money on the table.

Is Ichimoku A Leading Or Lagging Indicator?

Ichimoku offers useful analysis on both sides of current price action. However, everything in Ichimoku is meant to lead you with the trend’s direction.