Category: Vantage FX Daily Market Update

What to do when the Forex Market ‘Fakes It’

Imagine the following scenario. You’re watching the US dollar index in your MT4 platform, and have been doing so for weeks. Poised and waiting for the big break above a key resistance level so you can take advantage of the rip that you think is sure to occur. So a couple of weeks of zen-buddhist […]

3 Steps to Avoid Trading on Impulse

Impulsive trading something that all traders struggle with at some point in time, some more than others. And, more often than not it’s these impulsive trades that turn out to be losers. That in itself isn’t surprising though, especially considering that an impulsive trade is a trade without a plan. And that’s not really a […]

How to Trade Channels Like a Champ

Parallel or equidistant channels are a popular favourite among technical Forex traders. A channel formation is constructed of two parallel lines indicative of support and resistance and can be either bearish or bullish depending on the overall direction of price. Today we’re going to take an in-depth look at both ascending and descending channels and […]

Rising and Falling Wedge Patterns

When talking about reversal patterns in Forex trading, few are more familiar or widely-known than rising and falling wedges. But why so? Well, wedge patterns tend to offer some of the most precision entries as well as some of the most attractive R-multiples in terms of measured-move target areas. So, let’s define what a wedge […]

How to Win Big in a Trending Market

If you’ve never heard of pyramid strategies in relation to Forex trading, you could be missing out on huge improvements in your profits. However, as profitable as pyramid strategies can be, they can also be a bit of a double-edged sword if implemented incorrectly. That’s why we’re going to chat through them today so you […]

Why Doing Nothing is Often the Best Thing to do

If I was to tell you that you that there was a 100% guaranteed way to be a better trader, that was also 100% risk free and doesn’t need any effort on your part, would you believe me? I don’t really blame you if you don’t… it sounds like a rubbish sales pitch, but give […]

How to choose a stop loss strategy that works for you

Ok, so you’ve got your entry strategy down pat, what’s next? If you haven’t already, now you need to have a think about what stop loss strategy you’re going to implement. Today, we’re going to go over a few different stop loss strategies that can help you to minimise your risk and maximise your gains […]

What Makes a Breakout a Breakout?

As suggested by the term, a breakout is when price breaks out of a defined area of support or resistance, a trendline, or a price pattern. Simple as that, right? Well, you’d be surprised how often traders get this wrong. Today, I’m going to go through how I like to define a confirmed breakout, and […]

Why you should let the market make the first move

  When it comes to taking a trade, do you preempt, or react? I’d argue with quite a lot of conviction that almost all successful traders of any instrument, but in this case the Forex market, let the market make the first move and then react to what it’s doing rather than waste energy and […]

Why Averaging Down is a Doomed Forex Strategy

As a trader, we always look for confirmation before entering a new position. The same is true when we add to an existing position. Regardless of your trading system, you use whatever the signal is to confirm that there is in fact a valid, tradable signal. When it comes to adding to an existing position, […]