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 gathers recovery momentum, trades near 1.1750
Following the correction seen in the second half of the previous week, EUR/USD gathers bullish momentum and trades in positive territory near 1.1750. The US Dollar (USD) struggles to attract buyers and supports the pair as investors await Tuesday's GDP data ahead of the Christmas holiday.
GBP/USD rises toward 1.3450 on renewed USD weakness
GBP/USD turns north on Monday and avances to the 1.3450 region. The US Dollar (USD) stays on the back foot to begin the new week as investors adjust their positions before tomorrow's third-quarter growth data, helping the pair stretch higher.
USD/JPY trims gains amid intervention risk and softer Greenback
USD/JPY retreats toward 157.00 as Japan signals readiness to stabilise the Yen. Softer US Dollar lends additional support to the Yen amid a dovish Fed outlook. Markets look ahead to key US economic data releases due on Tuesday.
Editors’ Picks
Gold extends rally to new record-high above $4,420
Gold extends its rally in the American session on Monday and trades at a new all-time-high above $4,420, gaining nearly 2% on a daily basis. The potential for a re-escalation of the tensions in the Middle East on news of Israel planning to attack Iran allows Gold to capitalize on safe-haven flows.
EUR/USD gathers recovery momentum, trades near 1.1750
Following the correction seen in the second half of the previous week, EUR/USD gathers bullish momentum and trades in positive territory near 1.1750. The US Dollar (USD) struggles to attract buyers and supports the pair as investors await Tuesday's GDP data ahead of the Christmas holiday.
GBP/USD rises toward 1.3450 on renewed USD weakness
GBP/USD turns north on Monday and avances to the 1.3450 region. The US Dollar (USD) stays on the back foot to begin the new week as investors adjust their positions before tomorrow's third-quarter growth data, helping the pair stretch higher.
Top 10 crypto predictions for 2026: Institutional demand and big banks could lift Bitcoin
Bitcoin could hit record highs in 2026, according to Grayscale and top crypto asset managers. Institutional demand and digital-asset treasury companies set to catalyze gains in Bitcoin.
Ten questions that matter going into 2026
2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.
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.