Kathy Lien
BKTraders and Prop Traders Edge
After years of day trading experience, I've identified why the five-minute chart is the perfect timeframe for day trading that balances speed with clarity. It's time for traders to stop getting lost in market noise and start trading with precision.
Key insights:
- The perfect timeframe - Learn why the 5-minute chart hits the sweet spot between action and structure.
- Support and resistance mastery - See how the 5-minute chart clearly defines decision zones for high-probability entries.
- Candlestick pattern analysis - Discover how dogis, hammers and engulfing patterns signal powerful reversals.
- Top-down approach - How to combine higher timeframes with 5-minute precision for ideal entries and exits.
I break down real examples of the New York session breakout strategy for EUR/USD, revealing exactly how to identify London session ranges and capitalize on breakouts for 15-30 pip gains. Learn which pattern signals provide the strongest confirmation and how to avoid false breakouts. This isn't theory - it's a practical strategy that can help you tighten entries, boost win rates, and stay ahead of market noise. Implement this approach and trade with the discipline of experienced day traders.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD posts modest gains above 1.1700 as ECB signals pause
The EUR/USD pair posts modest gains around 1.1710 during the early Asian session on Monday. The Euro strengthens against the Greenback after the European Central Bank left its policy rates unchanged and took a more positive view on the Eurozone economy, which has shown resilience to global trade shocks. Financial markets are likely to remain subdued as traders book profits ahead of the long holiday period.
GBP/USD gains ground near 1.3400 ahead of UK Q3 GDP data
GBP/USD gains ground after three days of losses, trading around 1.3390 during the Asian hours on Monday. The pair depreciates as the Pound Sterling holds ground ahead of the release of the United Kingdom Gross Domestic Product for the third quarter.
USD/JPY drops below 157.50 as Yen recovers BoJ-led losses
USD/JPY loses ground and drops below 157.50 in the Asian session on Monday. The Japanese Yen recovers the BoJ's expected rate hike decision-led losses amid a minor US Dollar uptick and a risk-on market mood.
Editors’ Picks
Gold refreshes record highs, eyes $4,400 amid renewed geopolitical tensions
Gold is closing in on $4,400 early Monday, renewing lifetime highs, helped by renewed geopolitical tensions. Israel-Iran conflict and US-Venezuela headlines drive investors toward the traditional store of value, Gold.
AUD/USD grinds higher above 0.6600 after PBOC's status quo
AUD/USD is grinding higher above 0.6600 in Monday's Asian trading. The pair cheers an upbeat market mood and a hawkish RBA monetary policy outlook for 2026. The PBOC's no rate change decision seems to have little impact on the pair as a holiday-shortened week kicks in.
USD/JPY drops below 157.50 as Yen recovers BoJ-led losses
USD/JPY loses ground and drops below 157.50 in the Asian session on Monday. The Japanese Yen recovers the BoJ's expected rate hike decision-led losses amid a minor US Dollar uptick and a risk-on market mood.
Week ahead: Key risks to watch in last days of 2025 and early 2026
The festive period officially starts next week, with many traders vacating their desks until the first full week of January, making way for thin trading volumes and very few top-tier releases.
De-dollarisation by design: Gold’s partner in the new system
You don’t need another 2008 for the system to reset. You just need enough nations to stop settling trade in dollars. And that’s already happening. "If gold is the anchor, what actually moves value in a post-dollar world?” It’s a question most gold investors overlook. We think in terms of storage and preservation, but in the new rails being built, settlement speed matters just as much as soundness of money.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market.
5 Forex News Events You Need To Know
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. Indeed, quickly getting a handle on which data to look out for, what it means, and how to trade it can see new traders quickly become far more profitable and sets up the road to long term success.
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets.
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.