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Confused by Elliott Waves?

The DWT system shows how to simply trade them

The Dynamic Wave Trader..

The Twenty Minute

Extreme Swing Trader

The Harmonic Wave Trader

Heard about the Currency Wars?

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The Forex market can take a while to understand what works, so I would like to send you the comprehensive on-line book "Forex Trading For You"

In this FREE book you will find out how the Foreign Exchange market works and how to profit using these techniques:

How the Carry Trade works and using it to your advantage

Getting into the Jargon
The Interest Rate Fixation
Random or Ordered?
Economic News and Announcements
Charts and Trends - Average True Range
Long Term Trading Strategy
Trading Trends
Day Trading
How to Stay in the Game when it Gets Tough
Trading Rules and Emotions

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From the blog

Trading False Breaks

Non Farm Payroll, NFP days, are well known for surprises and violent whipsaws.

False break outs are either the bain of the Forex traders life or one of the best trading opportunities available. I go with the latter view, I'm seldom comfortable with breakouts as there is a very high probability of false breaks so I like to be on the look out for failing breakouts as the probability of a move against the previous trend is higher.

Trader Vic, Victor Sperendeo, detailed the 2B false break in his 1991 book 'Trader Vic, Methods of a Wall Street Master' Take a look at the picture below.

This is how to trade them, see the chart and desciption below....