I want to talk a bit about profit potential as it’s one of the most important things to consider when taking trades. As I’ve mentioned before I like to see things clearly on the daily chart before looking at any of the timeframes below and recently there were some great examples of why I do…

Here’s a trade I took last week on the AUDCAD pair. I took a short trade from a daily supply level. Here’s my analysis and reasons for the trade.

As I’ve mentioned in previous articles, the engulf is one of the most important pieces of price action that I use for making trading decisions. Whether trading long or short term, an engulf of some kind will be used in the trading analysis. The daily chart is great for identifying major supply and demand in…

Here’s a trade I took last week on the NZDUSD pair, my first trade for 2014. I took a long trade from a demand level I identified last month. What follows is a breakdown of my analysis for the trade.