Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Majors, Minors & Exotic Currency Pairs | BEN WRIGHT Currency Pairs a) Popularity A currency pair is the structure of the currencies, which are traded in the forex market. According to the latest report of United Nations, there are 180 currencies around the world and the illustrated currencies are the top 8 traded...
Based on the market behaviour that:- "prices tend to return" "Same Seiden's Supply and Demand concept", "Banks always split their orders hence price tend to go back so banks can put their orders again" hence the concept "Boomerang Effect". Some traders mark big candles as a "leading indicator" that price tends to return to that price, think of a magnetic...
Trendiness can be your best friend sometimes... Perfect rejection of trend line and a swing down to my target. Another target hit and 40+ pips gained
Head and shoulder pattern on the 1 hr time frame NZDUSD. A close below daily trendline will open more shorting opportunities to the weekly trendline.
Hello everyone its been a while since i made an educational post so heres one showing different kinds of impulses formed in the market. Cheers
Hello again friends, Deciding what kind of trader you want to be is important, so you're not bouncing all over the place. Having said that, learning different ways to trade can add an important weapon in your arsenal against the markets. I'm a counter trend trader at my core, but my trading plan has a provision when the maximum profit vs risk presents itself in...