Recent content by asiaforex

Forex Price Action – Usd Cad As seen in the chart above, In the highlighted box 1. – It shows a consolidation of Price action – inside bars. When we see that, we know that price is going to break out. Either up or down. Therefore we would have played a pending entry on both side of the inside...

Forex Price Action – Usd Cad As seen in the chart above, In the highlighted box 1. – It shows a consolidation of Price action – inside bars. When we see that, we know that price is going to break out. Either up or down. Therefore we would have played a pending entry on both side of the inside...

What is CONFLUENCE in Forex Trading? Alot of people have this question in mind on what is confluence in forex trading. And why is it so important. Lets start with the Forex Market. It is made up of traders (Big or Small) to determine the flow of the market. For example: if there are more...

Here’s a trade that i’m in since last week. Forex Trading Pair: Gbp Jpy As seen in the chart above, a pin bar in the highlighted blue box was formed. It was a nice pin bar, with a nice long nose. It is also in confluence with the price pivot as shown in the orange line at 130.299 in the chart...

Here’s a trade that i’m in since last week. Forex Trading Pair: Gbp Jpy As seen in the chart above, a pin bar in the highlighted blue box was formed. It was a nice pin bar, with a nice long nose. It is also in confluence with the price pivot as shown in the orange line at 130.299 in the chart...

Forex Price Action – Bearish Outside Bar Forex trading pair: Eur usd Daily Eur usd daily time frame shows a bearish outside bar as highlighted in the chart above. Bearish outside bars are trend reversal bars. This coincides with the fibonacci 61.8% level. If we wanted to play it with a...

A quick one here. If you have read the previous post on “2nd Chance” Here is another example that happen today. Forex trading pair: Gbp Usd The chart above shows 2 highlighted pin bar. Read back the previous post to understand what “2nd chance” is all about. Sure enough on this pair, the...

Trading Psychology – Conquering Your Emotions A lot of traders can actually feel their emotions in place when they place their trades. And seeing their trades taking place. Emotions include: - Heart Thumping (Beating faster) - Sense of Anxiety - Nervousness - Excitement - Irrational Behavior -...

What is Price Action? A lot of people have this question in mind, what exactly is Price Action. And why is Price Action King in Forex? To answer the above question, i start off with talking about indicators. There are tons of indicators out there, be it forex or others. They work mostly the same...

Forex trading strategies: Top Down Approach Lets look at a recent pair Eur Gbp. When we trade forex, we would always want to trade with the main trend. Even though it is an old say “trade with the trend” or “the trend is your friend”. Sometimes, it is always the simple things that works. In...

Forex Trading Strategies & System – 2nd Chance In Forex trading, price always gives us a 2nd chance to place our trades before it takes off. It can be considered as a 2nd chance or you can consider it as a confirmation bar. In the chart above, Aud Usd. We can see the first highlighted blue box...