Recent content by ITtrader

For those of you that use formations in your trading like myself the GBPUSD is forming one of my favorites. On a 4 hour chart it has a great double top and bottom. Overall I enjoy trading breakouts because the gain can be huge with a very small risk. How many of you trade using setups such as...

Right now with the Italy news it is tough to think that trading the EUR is a good idea. I am writing to you to tell that it's okay to buy it and actually a good idea. Price is so far over extended down on the bottom BB it has to come back up. I am currently short a couple EUR pairs riding out...

@Matt, I really agree with what you are saying. I think that there have been too many new traders just depositing the minimum and trying to gamble on a huge trade. I have, like you, accepted the fact that I am not going to win every trade but if I can control my losses then I will be profitable...

One of the biggest questions that I keep asking myself is, are exits more important than my entries? I feel the answer to this question is yes they are. Overall does not do you any good if you are constantly breaking even on all of your profits and losses. If you are unable to get out of a...

Does anyone think that the AUDUSD is coming down? I use Bollinger bands but to be honest I don't trust them all that much yet. I have been told that once price gets over extended on the top or bottom band price should go the opposite way. Right now on the AUDUSD daily chart it is very over...

The US dollar gained against most of its major counterparts as the concerns about the outcome of Greece’s vote for the bailout. The hopes for Greece among some investors allowed the euro to bounce after the decline. The European Union leaders approved the €78 billion package for Greece, but...

Sometimes it is just good to get back to basics. Looking for a double top is a great place to start. This trade setup is so easy to spot and really can make for a profitable trade without risking a lot. What are your favorite basic setups and are you seeing any double tops out there right now...

Hi I would really like to have a trading partner as well. That time zone is okay with me. My Skype name if you have it is IntelliTraders. Looking forward to trading!

Saw this chart and was actually already in the trade before I saw it. It went well at first then pulled back but suspect that it will bounce up again off the bottom bollinger band. What do you think?

I like the info. Currently I trade the Forex Majors. I use basic trendlines and many chart setups like the IT Cross, Flags, and Double Tops just to name a few. It is proved fairly profitable for me but always looking to gain more.