forex trading

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 […]

Forex Trading Strategies – Eur Usd Coming Down?

Forex Trading Strategies – Eur Usd Coming Down?

Forex Trading Strategies -Is Eur Usd Coming Down? Lets look at the daily chart as seen above. The eur usd has been heading up since the 4th of june 2010. And it is finally meeting the 150 moving average as shown in the highlighted oval. To double confirm if there is further confluence. Lets look […]

Price Action – Double Pin Bar

Price Action – Double Pin Bar

Forex Trading : Usd Cad h4 One pin bar right after the after pin bar. This is in confluence with the 365 moving average. If you missed the first pin bar, you should have seen the 2nd one. Price is giving you a second chance to get into the move. It is already gearing up. […]

Forex Trading – Eur Gbp Analysis

Forex Trading – Eur Gbp Analysis

As seen in the chart above, since oct 2007 Eur gbp has been on an up trend. That is a result of years of consolidation before.It has started to make a downtrend movement since march 2010 this year and is forming a shape of a fishing rod that got a big catch. And at the […]

Forex Price Action – Inside Bar

Forex Price Action – Inside Bar

Forex trading : Gbp chf pair As seen in the chart above, a price action – Inside bar in highlighted in the oval shape. When that happens, it means that price will be breaking out of it and heading either up or down. In the highlighted circle, it is not only an inside bar. It […]

Price action – Follow up to previous post

Price action – Follow up to previous post

Forex price action – Follow up to previous post eur usd Pls read the previous post first before reading this On yesterday’s post, we looked at the price action bearish outside bar. True enough, the next move went down and our sell trade has triggered. We would have had taken either partial or full profit […]