*This article is for educational purposes only* How many times have you seen entries that materialized an hour or so before you first saw them? If you’re like me, plenty. More than I care to remember. Well, there’s a great entry strategy for capturing some of those missed opportunities. It’s called the 50% Retracement entry. [...]
In this short article I will show you what I look for in order to find a low risk, high reward trade using a pin bar set up strategy. When we’re scanning through the charts of the major currency pairs, what is it that we’re looking for that keys us in that there may [...]
Engulfing bars happen on the charts often enough, but this one in particular caught my attention for a number of reasons. It was a trade made for a professional trader. It was a very large candle on the H4 chart. So much so that one H4 bar covered the range of the entire day. Another [...]
“Imagination is more important than knowledge.” – Albert Einstein Why is this statement so important to traders? If your will power and your imagination were in conflict, which would win out? The truth is that imagination is infinitely more powerful and wins out over will power every time. Becoming a successful trader [...]
This is a very important lesson on your way to becoming a seasoned and experienced forex trader. We’ve all been there. We’ve prepared for the day ahead, analyzed our charts and have our broker platform ready to go. The perfect(or close to it) trade has presented itself for entry. The risk to reward is within [...]
Price action charts are easily the best way to visualize the forex/currency market from a purely technical viewpoint. Today’s article enhances trader knowledge by explaining the differences between clean price action charts and messy, indicator laden charts. Most traders are initiated into the world of currency (forex) trading through various free trading sites on [...]
This forex trading article is one all traders should take advantage of. It articulates one of the best triggers for entry known to price action traders. It’s called the pin bar. It has several other names as well like hanging man, hammer, inverted hammer, and shooting star. Pin bars are the bedrock of my [...]
This tutorial concerns us with one of the four forex entry set ups I teach my students. It’s less well known than the Pin Bar set up, but still a very powerful indication of potential market direction. We will be looking at the particulars of the False Break Out or FBO. The FBO is used [...]
Understanding what makes a trend is essential for gauging market direction effectively. All the tools used by a trader such as support and resistance, trend lines, exponential moving averages, etc., have the single purpose of measuring the trend in the market so as to be able to participate in that trend. We’ve all heard the [...]
Being prepared for your trading day is something that is as important as knowing the setups you’re looking to find. Each day, we as traders are buffeted with an immense amount of data. Everything from global economic releases to the myriad charts we must analyze. How do we wrap our heads around it? Here [...]
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