5-Step Guide to Winning Forex Trading Here are the secrets to winning forex trading that will enable you to master the complexities of the forex market. The forex market is the largest market in the world in terms of the dollar value of average daily trading, dwarfing the stock and bond markets. It offers traders a number of inherent advantages, including the...
EURNZD I see price action on daily has formed a while known "W- pattern" or major support area. If you look on daily last month was price action had a major sell off on this pair, which now needs to be filled in before this month and 2023 is over with with buying. From 1.76000 to 1.80000 is a 400 pip gap or fair value area of only one way selling, which needs to...
7 Tips for all Forex Traders (to succeed in 2024) So many new traders come into with an expectation of quickly becoming a millionaire. They soon learn that making money from trading isn’t as simple as just placing trades and collecting profits. They need some forex trading tips that can help them to succeed in the market. If they get these useful tips and...
The 1st eight hours of a brand new session has three negatives you should be aware of, which are high spreads, low volume and low liquidity. Same with last four hours of a session, after London session closes and New York is only session open- low liquidity and low volume. These above 12 hours everyday are times- you should not be trading. Forex trading is...
ATR of AJ is 110 x 10 weeks, so First trade of week coming up, I will be looking for a reversal of buy opportunity, details of trade are as follows: 50 pip box at 1:1 RR Enter 93.500 Stop 93.000 Target 94.000 Always in trades you need to control the following 5 things on trades you do in Forex: 1) Risk control 2) Pair you trade 3) Price you trade 4) Session...
Directions: 1) Wait For Pullback 2) Wait For PA to Break Top of Structure Left 3) Buy When PA Hits Left Structure 4) Set Stop Loss To Below Pullback 5) Stops & Targets Can Be 1:1 RR or higher, but ALWAYS control risk If you understand the Elliot impulse waves in Forex, then you can trade the easiest way in Forex. Just wait for pullbacks in the major trade...
The Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market maker will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low...
The Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market maker will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low...
Just wanted to put all four ICT Kill Zones to see: All are 2 hours in length, except London open kill zone which is 3 hours in length. AUDCAD 15 minute chart today worked out great related, all four kill zones could have made profits for a traders if done right, which Time & Price. I do not trade AC during London Kill Zone related to both sides not being in...
Four ICT CONCEPT KILL ZONE ARTICLES: 1) Asian Kill Zone 2) London Kill Zone 2) New York Kill Zone 3) London Kill Zone Close SEE BOTTOM LINK TO RELATED IDEAS Thanks, stay safe
London Kill Zone Close (ICT concept) 4 of 4 Hours are from 10am to 12pm New York Time/EST 1) London session is closing, so one more pump or dump mostly happens before liquidity and volume to end of session gets lower 2) Trade majors with USD pairs 3) Look for 10-20 pips on a short scalp during this time 4) Don't be greedy- get your little piece of pip pie...
New York Open Kill Zone (ICT concept) 3 of 4 Times are from 7 am to 9 am New York Times/EST 1) You see a lot of both liquidity and volume with overlapping sessions of both London & New York 2) Better to use only majors or pairs with USD in them, like: EU, AU, UJ, GU, UC & NU 3) Nothing happens always in Forex, but one or more of the noted pairs above will...
London Kill Zone (ICT concept) 2 of 4 (2am to 5am NY time) This happens at start of London session, 1st three hours of session 1) Look at all EUR and GBP pairs, from daily down to trading charts 15mn (noted on attached chart) and/or 5mn charts for entry 3) Look for set ups related to fib ret 50%-61.8%, trend continuations, trend reversals 4) Look for...
Asian Kill Zone (ICT concept) 1 or 4 Parts: Look At First Two Hours Of Tokyo or Asian Session 1) Look At Noted Jpy pairs on chart, on 15 mn timeframe 2) First two hours of Tokyo or Asian session with one or more Jpy, should give you a set up for 15-20 pips or more, attached UJ chart gives you 50 pips in 2 hrs. 3) Yes, look at previous session. Is there a buy...
10 Lessons To Learn In Forex: 1) Learn All Basic Terminology - Pip, Lot, Margin, Spread, Leverage, Base currency, Rollover etc... 2) Demo Trade For At least 1 Year - Then Trade Low Lot Size To Start Real Trading With, When you are ready. 3) Risk Management Is #1- Always Control Risk/Reward (keep all trades to 1% to 2% of your total account). 4) Always Have...
Please refer to daily chart for details: 1) Both Andrews pitchforks on chart show divergence in price action, where they overlap at. 2) RSI (momentum indicator on bottom)- shows price action is going up at this time on daily chart. Trade set up: 1:1 Risk Reward is as follows: 50 box = 50 stop loss/50 target 1) Target: 1.72000 2) Enter: 1.71500 3) Stop loss:...
The Andrews Median line or Pitchfork is a form of tool that is used to identify potential reversals or continuation of trends. The median line tool is one of the standard charting tools available with most trading/charting platforms. The Andrews pitchfork tool or median line comprises of trend lines that are drawn connecting three price points. Swing high/Swing...
Please refer to 4 hour AudUsd chart: Setup: 1) Target 0.64500 2) Enter 0.64250 3) Stop 0.64000 Yes, this set up and trade I will do is a 25 box (which means 1:1 Risk Reward) and that stop loss and target will be same distance from each other. Will let price action go north or up higher and hit my entry 1st at 0.64250- which will trigger into this trade,...