Yakezie Challenge: Creating Powerful Friends

New feature! Today I joined the Yakezie Challenge! It is a 6 month challenge where I will commit to posting 2 to 4 times a week and selflessly promote others. My current Alexa ranking is 526, 722 and one of the goals of the challenge is to drop below 200, 000. Thank you for visiting [...]

Daily Chart AUSUSD


Today’s daily chart set up is the opportunity presented on the AUD/USD 15 minute chart. I have a 20 period moving average set up. On this time frame chart, that means that each candlestick represents 15 minutes of data. And the moving average is the average if 20 of those bars.   As you can [...]

The Advantages of Trading Forex


When it comes to trading in just about any market, Foreign exchange trading has a huge advantage over other types of trading. Firstly, the forex market gives you the advantage of time freedom. In the foreign exchange market one can trade around the clock from Monday through Friday. In the stock market that is simply [...]

What is a Pip in Forex?

what is a pip in forex

If you are interested in learning more about trading foreign exchange then I am going to start with the most basic of forex knowledge. But before I start, I should remind you that even though there are simple ways to trade forex, in general this highly leveraged asset class is riskier than most. I personally [...]

Commodity Channel Index CCI

commodity channel index

What is the Commodity Channel Index? Although the Commodity Channel Index, also known as CCI, was developed to be used for futures, it is also used in the stock and foreign exchange markets. Created by Donald Lambert, this indicator helps traders determine reversal points in the commodity markets. Similar to RSI and the Stochastic Oscillator, [...]

Support and Resistance

support and resistance

What is Support and Resistance? In its most basic form, support is the floor and resistance is the ceiling. In trading, a support level is the level at which the price cannot break. Instead of breaking through this support price, it will tend to bounce off. A resistance level is the same idea, just in [...]