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2nd Chance – Follow up

2nd Chance – Follow up

A quick one here. If you have read the previous post on “2nd Chance” Here is another example that happen today.Forex trading pair: Gbp Usd The chart above shows 2 highlighted pin bar.Read back the previous post to understand what “2nd chance” is all about.Sure enough on this pair, the gbp usd took off after […]

Eur Usd Trend Bouncing – Forex Trading Strategies

Eur Usd Trend Bouncing – Forex Trading Strategies

Eur Usd Trend Bouncing – Forex Trading Strategies Lets look at why the Eur Usd took a little small bounce in the recent days.In the chart above, there is a trend line formed since june 2010. That was the period when the eur usd took a reversal from a long down-trending move since nov 2009. […]

2nd touch to the price pivot 12/06

2nd touch to the price pivot 12/06

Forex trading pair: Gbp Usd Daily Simple trade – 2nd touch back to the price pivot. Entered on the peak. Lets look at the 4 hour chart. Outside bar reversals right at the price pivot. Played a one bar trailing stop one the basis on the strength of the bearish bars. 200 Pips to date.