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.



Beware of This Pattern Before “Buying Low” on USDJPY

An uptrend threatening 5-candle pattern showed up on longer-term USDJPY charts that should worry anyone trying to buy USDJPY cheaply.

Start Your Elliott Wave Count Effectively To Identify Trend Tops

There’s a large difference between analysis & trading. To trade Elliott Wave, you need to know where to start your count & MACD can help!

Know When a Trend Is Too Elevated To Enter Safely

While a strong trend can cover many trading sins, it’s helpful to know when an entry is unlikely to be favorable and Ichimoku can help.

Understand What a Heavy Stock Market Means For Forex

Many traders learn that all markets are interconnected. See how you can take the action of one market like the SPX500 to create a FX Trade.

Ichimoku Shows GBPJPY Could Be Resuming the 2013 Trend

Ichimoku provides an excellent method of technical analysis by providing a trend filter, momentum & timing all-in-one.

How to Approach The Major European Central Bank Rate Announcement

As the ECB approaches with their April Interest Rate Meeting, many traders wait to see if they’ll cut rates. Regardless, here’s a way to play the news.

Should You Adjust Where You Start Your Fib Retracements?

Many traders are taught to draw fibs from extreme high to extreme low, however a few tweaks may be helpful. Here’s an example with Gold & EURUSD.

Projecting Price Targets with Point & Figure Charts from Breakouts

Here is a walkthrough of price projections from a breakout of price consolidation. Price projections are a key reason for P&F’s popularity.

Unlocking the Value of 1-Box and 3-Box Point & Figure Charts

You were recently introduced to an older yet effective breakout charting method called Point & Figure. Here is how you can discover trade ideas from them.

Understanding Point & Figure Charts Part I of IV

Sideways markets chew up the time and equity of trend traders. Point & Figure charts look to absolve you of that frustration.

How Trading Outside Of the FX Majors Can Ignite Your Trading

It’s easy to keep your eyes on the Majors, but FX crosses that take advantage of market imbalances can easily be found elsewhere.

3 Methods to Identify Trend Resumption

Trading trend corrections can drain the mental capital of traders. Here are a few ways to see when a correction is ending and the trend is resuming.

Developing Ichimoku Set-Up with AUDUSD after RBA Announcement

Since the 2013 Peak, AUD has been an aggressively shorted currency as the RBA overcomes their dependence to China, but things could be looking up.

3 Mental Disadvantages That Every Trader Must Avoid

Trading attracts very smart people who have succeeded elsewhere but mental biases can spoil your trading outcomes if you’re not aware of them.

Ichimoku Shows USDOLLAR Sitting At Key Juncture

The USDOLLAR has had a rough start to 2014. Many thought that the USD would be the headliner this year off the Fed’s Taper but Ichimoku disagrees.

Advantages of Trading the FX Market

If you’re new to the Forex Market, here are key reasons why institutions and individuals alike continue to embrace this exciting and agile market.

3 Points of Validation for Any Price Breakout

GBPUSD has just surpassed major levels of resistance, however, there are a few more things to see if the price break is validating a new uptrend.

Beware of the Spread

What many traders often ignore when entering into a trade can provide valuable information. Here is a breakdown of the need to watch the spread in Forex.

How to Use Market Correlations to be Well-Positioned for Big Moves

In 2014, a number of significant correlation have developed across 3 major markets of equities, bond markets, & FX that can help your overall positioning.

What You Need To Know About Your Trade Position Size Strategy

To increase your account, you will need to focus on how to appropriately size your trades, this article will breakdown two common methods.