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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 Strategies: Trading in Channels

Forex Trading Strategies: Trading in Channels

Forex Trading Strategies: Trading in Channels Lets see a nice illustration of a trade i took recently by trading in channels.In the chart above, there is a pin bar as highlighted in the box. It was a pin bar in confluence with the: 150 moving average (orange line), the price pivot as shown in the […]

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 […]

Forex Trading Price Action: Pin Bar

Forex Trading Price Action: Pin Bar

Forex Trading Price Action: Pin bar A lot of traders have this question in mind: When we see a pin bar. But it does not trigger immediately on the next bar – What should we do? In my experience, when a price action pin bar occurs: If the pin does not break by the next […]

Forex Trading: Updates on Eur Usd

Forex Trading: Updates on Eur Usd

Forex Trading: Updates on Eur Usd In the previous post on eur usd, we spotted that the eur usd may be stalling or turn for a temporary down turn at the confluence of the 150 and the 365 moving average. We waited for price action confirmation to enter. Remember price action is king. No reversal […]