day trade

Fibonacci (Clearer Picture)

Fibonacci (Clearer Picture)

Fibonacci – Forex trading strategies I would like to show you guys on fibonacci. In the above chart, eur aud h4. We can see the fibonacci values but not see where is it drawn from. The high point and the low point. In such scenario, we forgo to play the fibonacci and not draw it […]

Follow up to previous post – Breakout trades

Follow up to previous post – Breakout trades

Forex Price Action Trading Strategies Pls read the previous post first before reading this. On the last post, we did a breakout trade pending order sell / buy limit.The sell trade triggered and thus we closed the buy pending order. As it happens almost all the time as i have mentioned, when price range for […]

Follow up to previous post – Eur gbp

Follow up to previous post – Eur gbp

Forex Trading Strategies: Eur gbp h4 Pls read the previous post first before reading this By our entry yesterday, we would have taken our first profit at the first new arrow. Although price did not touch the confluence, we always give price some leeway and thus we would have taken our profit below the confluence […]

Forex trading strategies – Eur Gbp

Forex trading strategies – Eur Gbp

Forex trading Strategies: Eur gbp h4 First Highlighted box: Entry on the 2nd touch of the base consolidation. 1) Take partial profit at the fibonacci 61.8% , and take full profit at the close of the bar. 2nd Highlighted box: Entry on the touch of the base of the fibonacci 61.8% level.Stop loss as shown […]

follow up to previous post – nzd usd 30/06

follow up to previous post – nzd usd 30/06

Forex trading strategies : nzd usd h4 Pls read the previous post before reading this. No price action is form at the “?” area on the previous post. Which also might means that the trend is changing. In a ranging market like the highlighted box area. We have 2 methods of playing it. 1) We […]

Forex Trading Strategies – nzd usd 29/06

Forex Trading Strategies – nzd usd 29/06

Forex trading strategies nzd usd h4 All can profit in a trending forex market, it is the full timers that profit in a ranging market. Above example is one. Price is in a channel as shown in the highlighted box. First arrow point up at the price pivot area (blue line). Price action : inside […]

Breakout trade 21/06

Breakout trade 21/06

Forex trading pair: usd cad h4 Breakout trades are what long time forex traders use only. They alone can be used for a living in forex. Lets see the one here at usd cad h4. Long consolidation as highlighted in the box. Entered on the sell trade as seen. Lets see what happens.