Forex trading strategies – Should we or should we not take this trade?Today’s post is one of the forex trading questions that i got over the weekend which i thought would be helpful to shareQuestion:I spotted a pin bar pointing down with the 150ema supporting thecadjpy. The daily chart seem to be heading down but the weekly chart seem to be goingup. In these case, is it safe to sell as the day seems to be heading…See More

Forex Trading Psychology: Levels of FEARFOREX TRADING PSYCHOLOGYPeople can always relate FEAR to forex trading.The fear of losing money.The fear of losing that trade which is too much for you to handle.However what most people do not realise is that there are different levels of fear.Eg.When you can afford to lose that trade, (which you still do feel fear)you are still able to think rationally and life goes…See More

Follow up on previous post “How to take this Price Action Pin Bar”Follow up:As we had set the pending buy order at the top of the pin bar (marked by the orange line)Our buy order got triggered by the 2nd bar after the pin.Our take profit would be the previous high (marked by the turquoise line) and we have gotten our full profits.Risk reward 1:1.5Thats not too bad.As you can see, by just a simple method of placing a…See More

Forex Trading Course – How to take this Price Action Pin BarForex trading pair: Gold (Xau usd)A forex price action pin bar formed as showed in the blue highlighted box.Lets Analyze this price action pin bar:1) Pin bar formed off the 25 moving average (yellow line)2) Pin bar protrudes out from surrounding prices. But the nose could be longer.3) The past few bars before the pin were all bearish bars. Which would make…See More

Forex Trading System – Damn i just missed this trade!FOREX TRADING SYSTEMIt was just yesterday when i was watching this trade and intended to enter it long.I was just waiting for the bar to close in around 5 mins time.However, nature calls! Damn i had this terrible tummyache that needed immediate release. lol.so off i went. (you do not want to hear the story in the toilet)When i was back around 10 mins…See More

Forex trading strategies:SOMETHING THAT I HAVE BEEN FOR YEARS IN FOREX TRADING.I would like to share with you guys a “secret” which is not. =)By just entering on the arrows shown, we have no surprise on where to enter and where to take profit.If we miss to enter at the peak on the 2nd arrow, we would also have entered on the price action bar: pin barThese are knowledge to let you know that price is heading down –…See More