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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