Trading Tools: What is Pro Commentary?

Pro Commentary offers analysis for all types of traders and trading styles and provides guidance for positions in bullish and bearish markets. A preferred daily directional bias is also provided to highlight the underlying analysis, leaving you with enough information and structure to help you make more informed trading decisions.

Pro Commentary Background

Pro Commentary by FX-Strategy employs the techniques described in Ian Copsey’s book Integrated Technical Analysis (John Wiley 1999), which involves a combination of complementary analysis comprising Elliott Wave, time cycles, pivot analysis and momentum analysis. He further adapted the traditional Elliott Wave techniques and has identified an adaptation of the principle that is unique within the forex market. Overall, his approach and style of analysis has been developed over 22 years in the forex market, with 15 of those years devoted entirely to technical analysis. Copsey feels the analysis is on par with, if not stronger than that provided by banks or by professional analytical companies, including MCM, Thomson and the offshoot of MMS, G7Forex.

Pro Commentary Authors

Ian Copsey

Ian is one of the foremost forex technical analysts in the world with over 20 years experience in financial markets. He began his career at Barclays Bank’s forex trading room in 1982 then moved to head their forex sales desk in Hong Kong in 1988 where he spent almost 5 years. It was in Hong Kong that he studied technical analysis and began to provide forecasts on a daily basis. In 1993 he moved to Tokyo with Dow Jones Telerate as a technical analysis specialist, later as regional manager of technical analysis products, then continued to develop his unique blend of forecasting tools. During his time in Tokyo, he authored Integrated Technical Analysis (John Wiley & Sons, 1999) which covers his techniques in full. He is an expert indicator and system designer. Ian created the FX-Strategy group of indicators and writes the daily Pro Commentary.

Doug Schaff

Doug is a gifted forex teacher, trader and analyst with more than 20 years experience trading the foreign exchange markets. He developed his forex trading skills under the guidance of experienced European-trained traders at Bankers Trust in the 1970’s, becoming a senior trader for the bank at its New York and Paris offices. For the last decade he has been an independent forex trader, currency analyst and a trainer of the next generation of currency traders. Doug developed Forex-Strategy Trading Systems to assist forex traders and investment advisors with trading decisions. He co-authored How to Make Money Investing Abroad (Harper Collins Publishers). He and Terry Schaff are the co-authors of The Four Elements of Successful Currency Trading and Getting Ready to Trade Forex (FX-Strategy, Inc.)

Top

Next: About Pro Commentary

Request More Information

IMPORTANT NOTICE: Past results are not necessarily indicative of future results. Forex trading, even when done by a professional trader, presents substantial risk of loss, and only funds that a customer can afford to lose should be used for Forex trading. Information pertaining to programs developed by third parties, including any past performance information, has been provided by those third parties.