Forex Signals

This week I will be releasing the much anticipated update to my FREE 2010 Price Action Strategy ebook. So keep an eye out for the FREE Price Action Strategy 2012 edition!

Hey Guys,

January is over and it was a great month for trading. I lost only one trade this year and am trading with a 95% win rate! All the trades I have taken this year have been reversal trades and they are working extremely well.

This week looks like it is set to be as good as last week. EUR/USD is stuck between two areas of very strong Support and Resistance so there are many reversal trade opportunities. Watch the analysis for more info.

Want to know where my Support and Resistance lines are? Check out this post.

Hey Guys,

This is set t be a very interesting week. The price is stuck between strong support and strong resistance. It will likely bounce between to two areas but after the bulls shows of power last week a bullish move would not surprise me.

Check out the video below for this weeks full analysis.

If you find the analysis useful and/or want to add something please leave a comment below!

I shared my S+R zones in last weeks EUR/USD & GBP/USD analysis.

Hey Guys,

Time for some weekly analysis. This weeks analysis is not too different from last weeks. If you look back to last week you will see everything was pretty much spot-on. We are hitting some very strong support areas right now and it is getting tougher and tougher for the bears to maintain their momentum.

Check out the video below for this weeks full analysis.

If you find the analysis useful and/or want to add something please leave a comment below!

EUR/USD S+R Zones/Lines

S+R Zones comes in groupings of three:

Upper zone
Center
Lower Zone

1.3075 – Zone
1.3057 – Zone
1.3037 – Zone

1.2962 – Zone
1.2946 – Zone
1.2929 – Zone

1.2873 – Zone
1.2863 – Zone
1.2852 – Zone

1.2795 – Zone
1.2778 – Zone
1.2764 – Zone

1.2676 – Zone
1.2650 – Zone
1.2625 – Zone

1.2675 – Zone
1.2487 – Zone
1.2460 – Zone

1.2337 – single line

1.2171 – single line

1.1917 – single line

GBP/USD S+R Zones/Lines

1.5514 – Zone
1.5506 – Zone
1.5498 – Zone

1.5465 – Zone
1.5457 – Zone
1.5450 – Zone

1.5424 – Zone
1.5416 – Zone
1.5409 – Zone

1.5373 – Zone
1.5365 – Zone
1.5358 – Zone

1.5326 – single line

1.5269 – single line

1.5216 – single line

1.5178 – single line

1.5147 – single line

Hey guys. After an awesome holiday period I am back in the saddle trading and what better way to kick of the new year than with some price action analysis!
Today I am going to take a look at GBP/USD. I will be sharing my support/resistance areas with you including the extreme lower lines which could be reached in the coming months.
Let’s start off with the weekly chart and then move to the lower timeframes.

GBP/USD Weekly Chart Analysis

Ok as you see the marked 500 pip area between 1.5200 and 1.5700 shows quite a bit of choppiness historically. This means that this area is going to be extremely tough to break through on the short side. Whilst it does seem that the price is trying to get through it certainly isn’t an easy road.

Based solely on support/resistance the path up (the long side) is much easier than the path down (short side). Keep in mind that the lower the price goes the more buyers it will encounter trying to push it up.

You can see my support/resistance areas marked out on this chart. These lines were placed on the hourly chart so they look very closely spaced together on this weekly chart.

GBP/USD Daily Chart Analysis

The daily chart shows much the same thing. Whilst right now it looks like the price wants to move down, as you can see from the bearish trend line, it will hit a lot of support on the way down.
As you can see on the 22nd of September the price made a significant low pushing down to the 1.5325 at which point buyers flooded the market and turned the price around. This was repeated on the 6th of October when the price hit the 1.5270 level. So even though it seems the bears are in control of the market do not count the bulls out. The lower the price goes the more likely we will see a huge influx of buyers.

The first red line I have marked on my chart from the top is the 1.5325. Since July 2010 the price has been unable to make a sustained move beyond that level. It did dip below briefly last October as mentioned above but the move was not sustained, the buyers immediately turned the price around.

GBP/USD 4hr Chart Analysis

The 4hr chart does not show us anything new. Again we can clearly see an overall bearish trend. However, we can also see the support/resistance are I have marked 1.5355-1.5375 has held the price back the last two times it was reached. Right now it has pushed slightly lower but it is still struggling with the level.

Summing Up

From the analysis it is very clear that the bears currently have a firmer control of price. However, they are approaching an area which has a lot of buyers. So I am watching closely for a significant reversal from one of the next few red S+R lines you see on my chart. I will looking for trades on the 1hr, 4hr and Daily. If the bulls do gain control of the market it should make for a very nice reversal trade.

It has been a while since I done an update to my support and resistance lines. Over the past two months I have been trading EUR/USD and GBP/USD exclusively so I only have support and resistance lines for these pairs. Below are tables with the S+R lines listed and there are also screenshots of my charts (click to enlarge).

Support & Resistance Lines

Legend:
SR = Normal support and resistance lines a.k.a Constant lines.
SRZ = Support and resistance zones.

EUR/USD

GBP/USD

Hey guys,

It was a huge undertaking but the free Forex course is finally completed.

I always felt there was a lot of information out there about Forex but nothing that really brought it all together, in one place, and explained things in a logical manner. Hopefully, I have managed to do this while stressing the importance of planning your trades.

When I first started making the videos for this course, I had no idea that so many people would want to watch them. I am amazed at the thousands of people who have signed up, to watch the course, and apologize if some of you had to wait to view it, as my servers couldn’t handle the demand.

I realise that only those on the early bird list have had access to the course so far. And, in a way, it looks like it was a good idea to limit the access, as I think my server’s would have been down permanently otherwise. However, I have now made the necessary steps to open the course to everyone.

The course is free all you have to do to get access is sign up here. Grab the Free Forex Course! It only takes a second to get valuable material you will struggle to get anywhere else, and who knows at what cost.

The aim of the Plan, Implement and Make Pips video course is for you to learn everything you need, to get you on the right track, to becoming a professional trader.

Since there has been such high demand for these videos, and since I enjoyed making them for you. I have decided to make another video. But this time, I have decided that you should let me know what you would like to see, in the next video.

If you look below you will notice a poll. The poll gives you the option to choose from 3 different subjects. All you have to do is select which subject you want me to talk about in my next video. The most popular choice will be selected of course. So if you want it to be your topic then better get voting!!

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