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  #1  
Old 01-11-2010, 04:04
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Forex Price Action Trading Strategies

http://www.asiaforexmentor.com/webpa...dbreakout1.gif
On the last post, we did a breakout trade pending order sell / buy limit.
The sell trade triggered and thus we closed the buy pending order.

As it happens almost all the time as i have mentioned, when price range for a long time in an consolidated area.
It will finally breakout into some nice trending move.

We caught the sell trade and we have taken either Full or Partial profit at the confluence of the
150 moving average and the 365 moving average.

Remember what i always said about giving price some leeway, therefore we would have placed out take profit area slightly above the
150 moving average.

108 PIPS! Not bad…

I do not like to post live charts often as i do not want you guys to rely on me by following my signals.
I really want you to learn how to trade on your own. This is how you can make forex a VERY GOOD LIVING!
Share and Enjoy:

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  #2  
Old 01-11-2010, 04:17
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Forex Price Action Trading Strategies


On the last post, we did a breakout trade pending order sell / buy limit.
The sell trade triggered and thus we closed the buy pending order.

As it happens almost all the time as i have mentioned, when price range for a long time in an consolidated area.
It will finally breakout into some nice trending move.

We caught the sell trade and we have taken either Full or Partial profit at the confluence of the
150 moving average and the 365 moving average.

Remember what i always said about giving price some leeway, therefore we would have placed out take profit area slightly above the
150 moving average.

108 PIPS! Not bad…

I do not like to post live charts often as i do not want you guys to rely on me by following my signals.
I really want you to learn how to trade on your own. This is how you can make forex a VERY GOOD LIVING!
Share and Enjoy:

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #3  
Old 02-11-2010, 03:22
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Forex Trading Strategies: Nzd Usd Triple Bottom?


As shown in the chart above, Forex trading pair: Nzd Usd
Nzd Usd seems to be forming a triple bottom with the 3 lows as highlighted by the circles.

It is held by a price pivot and the fibonacci level on the 4hr time chart.
And also the 200 moving average on the daily time chart.
Divergence is also shown in the macd as drawn by the red line.

Therefore is a triple bottom in the forming?

As always,
Trade with knowledge and understanding. Cheers.

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #4  
Old 02-11-2010, 03:27
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Forex Trading Strategies: Nzd Usd Triple Bottom?


As shown in the chart above, Forex trading pair: Nzd Usd
Nzd Usd seems to be forming a triple bottom with the 3 lows as highlighted by the circles.

It is held by a price pivot and the fibonacci level on the 4hr time chart.
And also the 200 moving average on the daily time chart.
Divergence is also shown in the macd as drawn by the red line.

Therefore is a triple bottom in the forming?

As always,
Trade with knowledge and understanding. Cheers.

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #5  
Old 02-11-2010, 18:55
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Default

Hello everybody. talking about robots want to notice that there is so much lie about them. i prefer manual trading but still have some robots for any case. cause a Forex Trading Robot does the hard work for you and tells you exactly where to enter in a trade and exactly where to exit. The right Forex Robot will allow you to stay on top of the Forex Market and let you have a life as well. But i think it's stupidly to recommend one exact robot for everybody. everyone should choose smth the most suitable for you. The last robot i tried i took here for free http://www.forexfreebot.com/ if you have your favorite robot plz also leave the link or it's name. I DO not BUY them. interested only in free downloads. tnx in advance.
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  #6  
Old 03-11-2010, 03:29
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Monthly Pin Bar


Since it’s the start of the month, 1st Nov 2010.
Lets me post something, just for the fun of it.

Nice Pin bar formed on the Forex pair: Usd Chf Monthly time frame

It is highlighted in the chart above in the blue box.

Nice looking eyes with a long nose.

Lets see if it breaks and where will it go.

Will update it next month! Stay tuned..

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #7  
Old 03-11-2010, 03:34
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Monthly Pin Bar


Since it’s the start of the month, 1st Nov 2010.
Lets me post something, just for the fun of it.

Nice Pin bar formed on the Forex pair: Usd Chf Monthly time frame

It is highlighted in the chart above in the blue box.

Nice looking eyes with a long nose.

Lets see if it breaks and where will it go.

Will update it next month! Stay tuned..

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #8  
Old 09-11-2010, 03:39
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In Forex Trading, Discipline is Hard.


Initial discipline is even harder.

You must be strict with yourself and enforce rules that you usually would not do.

I have a hard but strong method. Which is:
Slap yourself in your face if you are breaking your trading rules.

It includes: OVER Trading.
Overtrading is still the No.1 killer in forex. Killing tons of people every minute.

*Slap yourself* to Let your mind, your body know and feel that what you are doing is wrong and not to do it again.

90% of traders break their trading rules, they all fail in the word of *GREED*.

Do not fall yourself into the same category; If you want to be in the top 5%.

Trade to Trade RIGHT.
Not Trade For Money.

Top traders Especially DO NOT Overtrade.

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #9  
Old 10-11-2010, 04:36
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Forex trading pair: usdcad
A nice pin bar protuding out with the eyes and the nose at the right places.
NICE PIN BAR right at confluence of:
1) Fibonacci 50%
2) 150 EMA
3) Price Pivot

When this 4 items combine together. BANG! This is the HOLY GRAIL!

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #10  
Old 10-11-2010, 04:48
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Forex trading pair: usdcad
A nice pin bar protuding out with the eyes and the nose at the right places.
NICE PIN BAR right at confluence of:
1) Fibonacci 50%
2) 150 EMA
3) Price Pivot

When this 4 items combine together. BANG! This is the HOLY GRAIL!

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #11  
Old 11-11-2010, 09:10
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Forex Trading Pair: Gbp usd h4
With so many pin bars everyday – How to choose?

1) the eyes and the ears which is taught in our pro group
2) Look at the chart above – the highlighted oval. Look at the space form there. where such a space is form and price goes down all the way and then forms a pin bar. This is a good one to enter. Its like a fishing rod that bends all the way when it caught a big and heavy fish!

Where would the pin bar go to? the highlighted rectangle where you see price meets resistance before.
A nice 300 pips.

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #12  
Old 11-11-2010, 09:21
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Forex Trading Pair: Gbp usd h4
With so many pin bars everyday – How to choose?

1) the eyes and the ears which is taught in our pro group
2) Look at the chart above – the highlighted oval. Look at the space form there. where such a space is form and price goes down all the way and then forms a pin bar. This is a good one to enter. Its like a fishing rod that bends all the way when it caught a big and heavy fish!

Where would the pin bar go to? the highlighted rectangle where you see price meets resistance before.
A nice 300 pips.

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #13  
Old 12-11-2010, 03:03
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Forex Trading: Usd Cad pair updates
Pls read the previous post first before reading this – http://www.asiaforexmentor.com/pin-b...g-price-pivot/

In our last post, i mention to take profit at that area in the highlighted box. It went a little further to meet the price pivot and thus bounce back. If you had not take profit or move your stop loss to break even or partial profit. You would have got hit in the neck!

Forex trading is mostly like this, you cannot expect the pair will trend down forever.
Majority of the time, price trends in a channel then a upward or downward trend. You need to learn how to trade in a channel like this.
By understanding how it works, forex trading is not difficult anymore!

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #14  
Old 12-11-2010, 03:10
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Forex Trading: Usd Cad pair updates
Pls read the previous post first before reading this – http://www.asiaforexmentor.com/pin-b...g-price-pivot/

In our last post, i mention to take profit at that area in the highlighted box. It went a little further to meet the price pivot and thus bounce back. If you had not take profit or move your stop loss to break even or partial profit. You would have got hit in the neck!

Forex trading is mostly like this, you cannot expect the pair will trend down forever.
Majority of the time, price trends in a channel then a upward or downward trend. You need to learn how to trade in a channel like this.
By understanding how it works, forex trading is not difficult anymore!

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #15  
Old 13-11-2010, 11:36
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Here is a trade which we took this week in our private group
Forex Trading Pair: Nzd Usd

This pair is heading a nice downtrend with significant retracement every time.
Therefore we were waiting for a retracement with price action confirmation and confluence.

Pin bar formed in the highlighted blue box. And the second bar forms a double bar high lower close.
This is a good confirmation that price is heading down.
This is also in confluence with a price pivot which i did not draw at the level of 0.75645.

Therefore we entered at the retracement of the double bar high lower close at the level 0.75420.
By doing this way, we have significantly reduces our stop loss and increased our risk reward ratio.

Our first partial profit target was at the price pivot 0.75065. It is a risk reward ratio of 1 : 1.5.
By taking a mini partial profit, we have bagged in some profits and shifted our stop loss to break even for the rest of the trade.
Now we are in a FREE TRADE.

Our Final profit target was an obvious one at the 150 moving average at the 0.74550 level.
This closed the trade with a risk reward ratio of 1 : 4.5

Most of our members took this trade with Profits!

To find out more about our group. Go on the link below.
Get Free Daily Strategies From Asia Forex Mentor :

To an awesome trading as always,
Ezekiel Chew
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  #16  
Old 15-11-2010, 12:59
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Forex Trading System – What happens when 1 pin fails to break

Forex Trading: Usd Chf pair



If a trader took the first price action pin bar (marked as 1) and placed his stop loss right at the bottom of the pin -
He would get stopped out and would have possibly missed the winning move upwards.

How can we improve this?

- This is the reason why i always recommend traders to place their stoploss 10 pips below the edge of the pin. By doing so you would still be in the trade and not get stopped out by the next bar.

- If you did get stopped out by the next bar. You would have gotten back your pips in this trade as the next bar formed another pin bar (marked as 2). This forms a double pin bar. A setup that shows that price is indeed going up.

Therefore you would still get back into the trade on this pin bar and took it right up.

Alot of traders when got stopped out by at the first pin would not have taken the 2nd pin due to the fact that they had made a loss in this pair, and they “feel” that this pair is no longer reliable. And they “feel” that since the first pin has been stopped out, the trend is no longer heading the direction they wanted.

This is a common syndrome by most traders – Dwelling on the PAST Trades
Remember – every trade you take is a new trade. And is a fresh beginning.
Forget what happened on the last trade, regardless of whether that is a winning or losing trade.

Focus on seeing what is right in the new trade. And not let PAST perceptions affect your judgement.

Therefore in this trade, had you not dwelled on the first pin that had been stopped out.
You would have seen that it formed a double pin bar! And this double pin bar is in the right upward trend movement.
You would have taken this trade without hesitation.

If you liked this post, what we teach in our course is the full forex trading system.

I will talk to you soon in our group,
Asia Forex Mentor
Ezekiel Chew

Get Free Daily Strategies from www.asiaforexmentor.com
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  #17  
Old 16-11-2010, 02:45
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Forex Trading Strategies – Fibonacci


Alot of guys out there have enquires on how to draw a proper fibonacci in forex trading.
Whether they are drawing in the right direction?
And how do they know that the fibonacci is drawn correctly?

This video will show you how to go about it.
(I apologise for the poor resolution quality which i had set wrongly, the next video will be better!)

http://www.youtube.com/watch?v=bF6XY...layer_embedded

If you like this post, don’t forget to comment and check out our forex trading course. =)

Talk soon,
Asia Forex Mentor
Ezekiel Chew

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #18  
Old 16-11-2010, 02:55
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Forex Trading Strategies – Fibonacci


Alot of guys out there have enquires on how to draw a proper fibonacci in forex trading.
Whether they are drawing in the right direction?
And how do they know that the fibonacci is drawn correctly?

This video will show you how to go about it.
(I apologise for the poor resolution quality which i had set wrongly, the next video will be better!)

http://www.youtube.com/watch?v=bF6XY...layer_embedded

If you like this post, don’t forget to comment and check out our forex trading course. =)

Talk soon,
Asia Forex Mentor
Ezekiel Chew

Get Free Daily Strategies From Asia Forex Mentor : http:www.asiaforexmentor.com
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  #19  
Old 27-11-2010, 03:24
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Default Asia Forex Mentor provides Free price action forex trading strategies

Question from a friend:
I would like to share a question that someone asked me recently
i am having a problem and pls help to solve it.. when learning Price Action
and after knowing about each and every bars nicely, i cant take
even a single trade.. like always i feel that something is wrong and i am
turning back.. likeways i cant do trading and cant even take a single
trade.. in confluence, i cant find a signal, when signals comes its not in
confluence :-( … hope u can advice something..
My Reply
—————————————————————————

Hi ,

Actually it is a good thing. You have learn to become picky in trading.
You are frustrated now because there are few A+ trades around with
confluence. And it is a true fact. But when you spot it, you know its a
good one.

So what you can do is to decide on whether do you want to take only the A+ trade or do
you also want to include AB trades but with a lower rate of success.

But my advice to you is, do not hesistate when you see a good trade.
Follow your gut feel at times. If you pick good trades consistently, by
trading lesser is not a bad thing at all. And in fact, it will grow your account way bigger and faster than you would taking any other trades.

Remember No.1 Killer = Over Trading

Ezekiel

—————————————————————————-

This is some of the great questions i got that hinders people from making the BIG Jump in forex
- From the 95% Losers to the 5% Winners

I hope you benefited from this post, and if you have any questions that is bugging you. Do post it below and i will personally attend to it.

To an awesome trading as always,
Ezekiel Chew
Get Free Daily Free Strategies From ASiA FOREX MENTOR
www.asiaforexmentor.com
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