market

Yet another Price Action Top Down Approach

Yet another Price Action Top Down Approach

Forex Trading: Nzd Usd Monthly chart In this forex trading Nzd Usd pair, we shared in our group to take note of taking it down due to the monthly pin bar that reinforces the strength of shorting.With that in mind, we zoom down to the daily time frame for confirmation and to spot for entries. […]

what is confluence in forex trading?

what is confluence in forex trading?

What is CONFLUENCE in Forex Trading? Alot of people have this question in mind on what is confluence in And why is it so important. Lets start with the Forex Market. It is made up of traders (Big or Small) to determine the flow of the market. For example: if there are more people buying […]

Forex Quote Of The Week

Forex Quote Of The Week

Forex Quote of the Week Failure is Nothing But Your Stairway to Success – If you do not climb the stairs of failure, you will never reach success Ezekiel Chew The same goes in Forex Trading, i don’t know of any forex trader who had never failed before he eventually succeeded. It is the perseverance […]

2nd Chance

2nd Chance

Forex Trading Strategies & System – 2nd Chance In Forex trading, price always gives us a 2nd chance to place our trades before it takes off. It can be considered as a 2nd chance or you can consider it as a confirmation bar. In the chart above, Aud Usd.We can see the first highlighted blue […]

Forex Trading Strategies: Top Down Approach

Forex Trading Strategies: Top Down Approach

Forex trading strategies: Top Down Approach Lets look at a recent pair Eur Gbp. When we trade forex, we would always want to trade with the main trend. Even though it is an old say “trade with the trend” or “the trend is your friend”. Sometimes, it is always the simple things that works. In […]

How To be a Consistently Successful Forex Trader

How To be a Consistently Successful Forex Trader

A lot of traders out there have no problem getting winning trades. Anyone can do that.But at the end of the day, their account size still does not grow. The reason lies with a proper trading system that has a fixed set of trading rules.Consistent successful traders are those who stick to their rules. It […]

Forex Trading Strategies: Nzd Usd Triple Bottom?

Forex Trading Strategies: Nzd Usd Triple Bottom?

Forex Trading Strategies: Nzd Usd Triple Bottom? As shown in the chart above, Forex trading pair: Nzd Usd Nzd Usd seems to be forming a triple bottom with the 3 lows as highlighted by the circles. It is held by a price pivot and the fibonacci level on the 4hr time chart. And also the […]

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. […]

Forex Trading: Importance of Stop Loss Placement

Forex Trading: Importance of Stop Loss Placement

Forex Trading: Importance of Stop Loss Placement A lot of traders do not believe in stop loss placement. Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off. That is so terribly wrong. Stop loss placement is one of […]