We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • Gold Prices May Rise as Markets Eye Fed, UK Vote, US Tariffs - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/12/10/Gold-Prices-May-Rise-as-Markets-Eye-Fed-UK-Vote-US-Tariffs.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold #FOMC #UKElections2019 #tariffs https://t.co/sgSTVrKh1p
  • WTO members have agree to extend moratorium in regard to placing tariffs on digital trade until June 2020 - Reuters
  • LIVE NOW! Currency Strategist @PaulRobinsonFX keeps you updated with the latest movements and trends during the London session for the FX and CFDs Market here - https://www.dailyfx.com/webinars/243785867?CHID=9&QPID=917720
  • Join @MartinSEssex 's #webinar at 6:30 AM ET/11:30 AM GMT to learn more about trading #sentiment Register here: https://t.co/XUUPRdY06p https://t.co/Cwzo3X0ACG
  • Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same. Get your market update from @DavidCottleFX here:https://t.co/Qon7QUO80c https://t.co/ivo7TNuL30
  • Stockton South tends to vote in-line with the national swing - Estimated Declaration time at 0200GMT (1st MRP poll predicts Conservative gain) https://t.co/hBjMupUkzU
  • Missed today's #AUDUSD weekly trading outlook webinar? See the recording here - https://t.co/DMiQVp1PLd Some of the topics covered included: - #FOMC rate decision - US-China #tradewar - #UKElections2019
  • 🇪🇺 EUR Euro-Zone ZEW Survey (Economic Sentiment) (DEC), Actual: 11.2 Expected: N/A Previous: -1.0 https://www.dailyfx.com/economic-calendar#2019-12-10
  • 🇪🇺 EUR German ZEW Survey Expectations (DEC), Actual: 10.7 Expected: 1.1 Previous: -2.1 https://www.dailyfx.com/economic-calendar#2019-12-10
  • 🇪🇺 EUR German ZEW Survey Expectations (DEC), Actual: 10.7 Expected: 0 Previous: -2.1 https://www.dailyfx.com/economic-calendar#2019-12-10
Foundations of Technical Analysis: Sticking to the Strategy

Foundations of Technical Analysis: Sticking to the Strategy

2018-06-29 16:51:00
Michael Boutros, Technical Strategist
Share:

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings.

Foundation of Technical Analysis: Building a Trading Strategy- the complete series and webinar archives

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we dissect a few of the setups we’ve been trading into the close of the week/month/quarter. It’s always fun reviewing profitable trades that went well, but breaking down a losing trade can be a much more effective drill to objectively assess your performance and to help identify issues with your strategy.

Sometimes you can be right, but at the wrong time- bottom line, recent trade performance shouldn’t filter into your analysis and maintaining an objective outlook on price is key. Here’s a review the week’s performance and a look at what worked, and what didn’t.

New to Forex? Get started with this Free Beginners Guide

Topics Discussed:

  • US Dollar outlook- DXY
  • The multi-timeframe approach
  • Price action analogs
  • Candlestick formations / significance of weekly & daily closes for validation
  • Impact of end-of-month/quarter flows on near-term price action.
  • Review of Fibonacci basics
  • Maintaining disciple- Staying objective (big picture) despite recent trade performance
  • Trading Q&A Session

Why does the average trader lose? Avoid these Mistakes in your trading

A review of the latest USDC/CAD, EUR/USD, USD/JPY & GBP/USD setups published earlier this week highlight live examples of how we utilize our technical approach to translate an idea into an actionable trade.

Join us for the next Foundations of Technical Analysis Q&A webinar on July 13th at 10am EDT- Register Now!

Send requests on topics for upcoming Foundations of Technical Analysis webinars to mboutros@dailyfx.com.

Want more information on technical analysis and trading strategies? Check out our Free DailyFX Trading Guides!

- Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex or contact him at mboutros@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.