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1) trade: Beginning of London session open, break in the 30 degree angle trend line (peach in color) down for around 80 pips to beginning of New York open. 2) trade: Beginning of New York open, break in the 45 degree angle trend line (peach in color) up for around 60 pips to end of London session. 3) trade: End of London session, break in the 45 degree angle...

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From the past seven years (7 years) of monthly Euro/Canadian Dollar pair, the following happen: 5 years- monthly ended up Green (Blue Candle) Happy smiley face (buyers won) and 2 years- monthly ended up Red (Red Candle) Sad smiley face (sellers won) That is around a 70% buyers winning the month of August vs 30% sellers losing the month of August= for the...

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Why is EUR/JPY important to traders? One of the popular pairings across the worldwide foreign exchange market is EUR/JPY. It represents around 4% of all daily transactions. Investors and traders alike look to the euro/Japanese yen currency pair because high levels of volatility can provide plenty of trading opportunities. There are major factors that can...

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The USD/JPY currency pair is one of the more popular FX pairings available to traders. It’s represented by two of the world’s largest economies with the US (US Dollar) and Japan (JPY). USD/JPY ranks as the second most traded currency pair in the world, according to the Bank of International Settlement (BIS), which compiles statistics in cooperation with world...

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As the two largest and mostly commonly traded currencies in the world, the euro (EUR) and US dollar (USD) represent the highest proportion of trades made in international finance. Euro to USD (EUR/USD) trading occurs constantly and the pairing of the two is extremely popular; it's actually the most liquid currency pairing in the world. A large number of companies...

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If you are an investor interested in any currency pair during NYSE trading hours, the USDCAD should be among your priorities. Ranked among the top 5 most traded currency pairs on the platforms, the USDCAD represents a significant volume in Forex trading. Such a pair offers excellent profitability possibilities because the daily trading volume is considerably...

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What Do You See On A Typical Naked Forex Weekly1 Hour Chart? Good: 1-5 Things Only Better: 6-10 Things Only Best: 11 or More Things Please Type Your Answers In Comment Section. Thank You so other traders can learn from Forex Traders and widen their preceptive on seeing bigger picture in PA or price movement only!!!

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What Pairs Should You Trade? What Sessions Are Trading When You Are Up? * Use Your Commonsense!!! The best forex pairs for you to trade will depend on many factors: What time of day you will trade Whether you are interested in making a long-term investment to achieve larger profits or are happy to scalp smaller profits many times each day Your knowledge of...

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Forex Key Takeaways The forex market is among the most active and liquid in the world, with trillions of dollars changing hands between different currencies. Still, there are many risks that a trader must be aware of and how to minimize or mitigate those risks. Because forex trading operates with a relatively high degree of leverage, the potential risks are...

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Bullish Example (Chart) Learn the 3 bar inside bar strategy or harami bar setup. Always trade during high liquidity and volume times of the session, which is end of Tokyo to end of London (12 hours). Look for all patterns to trade at resistant and/or support areas, which are at quarter theory lines on charts (see orange lines on charts). You can you tube or...

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Chart example is of a Bearish Pressure Zone: 3 consecutive price bars with upper wicks (VERY strong/either bearish or bullish setups) Note: Make a zone from top of highest wick to top of highest close with one of the consecutive wicks, this is what you use as you risk or initial stop loss. Price Action is not about price, but more importantly about decisions...

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Trade Plan: Locate Buying and selling pressure zones implied by the lower and upper shadows/wicks of candlestick price bars. These areas have THREE rejection shadows or wicks in a relatively close area or time period. These pressure zones can be done on 15 minute time frames, but 1 hour, 4 hour or daily charts are stronger and more reliable. Look at attached...

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Please look at your own charts: Do you see all of the following? Wick Fills? These type of wicks happen going with the trend and get filled with further price action on chart. Rejection Wicks? Mostly happen at key support and resistance zones or key quarter theory psychological numbers, a lot of traders have orders there. Reversal Wicks? Happen at key areas...

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Each Candlestick consists of four important elements: 1) The Body- Large bodies equals more liquidity and more volume involved in candlestick, smaller is other side which is smaller liquidity and volume. 2) The Length Of The Wicks- Larger wicks equals higher or lower rejection of price action, from the other side. Example: Pin bar candlestick at top of a...

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Please refer to chart, I expect top of hr.. a downturn during next 4 hr candle. Once PA hits 131.00 in trade. right now there is some Bullish imbalance which needs to be resolved by selling back down to support or around 130.600 Always- risk management in trading, Forex trading is a marathon race not a sprint race. gl. Might be double top....going on

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Only Three Candlestick setup you need to totally understand to trade Forex - Successfully!!! 1) Engulfing- An engulfing pattern is a 2-bar reversal candlestick pattern. The first candle is contained with the 2nd candle. A bullish engulfing pattern has a red candle engulfed within a green candle. A bearish engulfing pattern has a green candle engulfed within a...

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Top 10 Things To Work On in 2022 Related To Forex Trading: 1) Price Action is #1 2) Risk Management (will help you or hurt you)- always trade only 1% to 2% of account on one individual trade. Lot sizes, stops, targets etc... 3) Always use a stop loss ( let trade breath give it room for price action to go wrong way, before price action does what your trading plan...