Fan Yang has been a forex trader since 2007, and has been involved in the equity markets before that. He is a chartered market technician, and focuses on using technical analysis to trade. His career in forex started at CMS Forex, where he provided basic education on technical analysis. Now he is a full time trader, sometimes updating his views on www.fxtimes.com. He also contributes monthly to the FXStreet webinar community.
Mr. Yang uses the breakout approach as his primary entry method, like the turtles, but not with Donchian channels. But he also incorporates secondary and tertiary strategies. He believes in simplicity and it shows in his breakout methodology. However, he has developed some sophistication in trade and risk management. Fan believes that it is the management factor that drives performance, not necessarily being right or wrong in particular trades. He believes losing trades are a very essential part of getting winning trades, because you have to take risks, but you must adhere to the adage "cut your losses short, and let your winners run".
EUR/USD Falls from 1.29; Swing Projection and Bernanke Risk Event
Tue, May 21 2013, 14:05 GMT
EUR/GBP Rallies Sharply on Lower UK Inflation Data
Tue, May 21 2013, 14:01 GMT
GBP/USD Trading Lower in a Falling Wedge
Tue, May 21 2013, 13:53 GMT
EUR/USD Breaks down Consolidation Support and a Rising Trendline
Fri, May 17 2013, 13:51 GMT
CAD/JPY Breaks Down Consolidation Range
Fri, May 17 2013, 13:45 GMT