Looney presents some short term opportunity
Happy Friday, traders. A quick note today to bring a potential short-term setup in the USDCAD hourly chart. You can see in the chart below that price has been rebounding in a horizontal range for several days now, with both …
What’s with Stop hunting?
Stop hunting is a practice employed by the ‘big boys’ in an attempt to shake market participants out of their positions by pushing the price of an instrument or asset to a psychological price level where retail traders typically place …
Calculating Risk and Reward in Forex
Whether you’re a retail forex trader or professional, one of the few safety nets you have when it comes to preserving your capital is what’s called a risk/reward calculation. Risk vs. Reward It’s unfortunate that many retail investors/traders often end …
Can you make a profit from Forex Factory?
Forex Factory has been among the most popular forex forums for many years and it includes one of the better calendars that are available to retail traders. Here, I want to discuss a little bit about how you can use …
Choosing a forex broker
When you reach the point in which you want to start trading forex, you need to find a reliable broker. I guess in doing so the first thing to do is establish exactly what a Forex broker is and does. …
As Good as Gold
Morning traders, Sometime back we posted about Gold setting up for a potential bullish breakout which you can catch up on here . Since then, price has been playing out brilliantly and gold continues to tighten up as shown on the …
How to use the MT5 Depth of Market tool
Depth of Market (or DoM) as a popular trading tool that helps traders see market liquidity, or the number of trades in the market and at which price. Market Liquidity is a key aspect for traders, this is because if …
7 signs your trade is about to turn bad
Many traders in the Forex market have had that one trade that was an absolute monster. It went parabolic and they’re up a hefty return. But then they struggled with the exit. This is why it’s incredibly important to plan …
AUDNZD Forming a Long Term Ascending Triangle
Hi there Traders, Today we’ve got a potential setup forming on the AUDNZD weekly chart. What we’re seeing here is the testing of a multi-year rising trendline. With price currently at this area of support we can assume one of …
How to Take a Trade on the Forex Market Like a Pro
One of the toughest skills in Forex trading to master is the art of entering and exiting a trade. While the challenge is to do this at the best point to maximise your profits, it’s not an easy thing to …
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