What is the meaning of news events in the world of FX trading?

April 26, 2024

In an imaginary world where the flow of news is very much controlled by the mainstream media, it is natural to believe that there is an agenda behind the news. In that imaginary world, somebody is selling you a lie, trying to make you believe in it.We all know that such things are not possible, …

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Do you really want to go for a break-even?

March 31, 2024

Let’s address the concept of using a break-even stop loss level. By definition, it is a safety measure against possible losses. However, it easily becomes a meaningless practice considering the following ideas. #1 – A safety measure means protection from an unknown event. In the context of trading, it means the trader has no clue …

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The two sides of the screen

March 13, 2024

When it comes to trading, understand there are two sides to the screens we all peer though. Do you ever wonder how the picture appears on your screen, the one we stare at for hours on end, trying to find a clue as to what to do at any given time? Most people don’t. They …

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How many currency pairs to trade?

March 1, 2024

Most people, especially beginners, associate trading with a frequently displayed picture of a trader looking at tables of asset prices, multiple charts, the flow of news and some kind of technical indicator(s). Sometimes a room full of traders are pictured. Such pictures suggest that there are moves and a lot of action that the trader …

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Few words about trading platforms

February 11, 2024

Have you ever wondered why it is so difficult to draw certain things with the tools of your trading platform? Ever wondered why a certain view of candlesticks is simply impossible to materialize or why you have to click unnecessarily over and over again? Now, I am not going into naming any of the trading …

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Do you speak the language of forex price movements?

January 20, 2024

Let’s talk about the language of forex price action today. It will be a provocative article – or an article that is intended to poke you – to raise consciousness of a phenomena that so few people have the eyes to identify in the charts. Any chart a trader opens, any timeframe a trader selects, …

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How to address time in forex trading?

January 7, 2024

I shared an article on timeframelessness the other day – “Understanding the concept of timeframelessness in forex trading”. The article emphasized that there is way more to chart reading than looking at candle sticks the way they are presented to us – equal length slices of time. Congratulate yourself if you used your brain and …

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Understanding the concept of timeframelessness in forex trading

December 28, 2023

One of the most important considerations a trader should give to price movements is the concept of T I M E F R A M E L E S S N E S S.Well, you have read it right and today I want you to give serious thoughts to timeframes, assuming you keep staring at …

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Is it possible to predict price movements?

November 1, 2023

Today I want to talk about price predictions. First of all, lets clarify what the elements of a price prediction are. Price moves from one location to another, so location or destination of a price movement is an important element. The second element is the way price is expected to move. One can predict movements …

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How many currency pairs to trade?

October 28, 2023

Most people, especially beginners, associate trading with a frequently displayed picture of a trader looking at tables of asset prices, multiple charts, the flow of news and some kind of technical indicator(s). Sometimes a room full of traders are pictured. Such pictures suggest that there are moves and a lot of action that the trader …

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So you want to be a funded trader? (II.)

September 30, 2023

I have completed Phase I and Phase II within a month. Phase II took me 3 days but since the minimum trading days are 5, I left a little bit more to make next Monday. I am sharing the results below and of course I can share all details if anyone wants to know more. …

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So you want to be a funded trader? (I.)

September 17, 2023

I heard about this funded trader thing 1-2 years before. Somehow I was not interested until I started participating in a Discord group and the guys in it were going for it. So I got into it as well and here are some of my conclusions. Let us assume that those providing such opportunities are …

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Make sure to understand forex accumulation!

September 3, 2023

Price movements are made up of elements that are part of a story. We can call it a drama or a soap opera. Do you know those soap operas, endless stories that are made up of the same elements, shown to you in thousands of different ways? What do price movements boil down to in …

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Internalizing FX trading concepts

August 11, 2023

Successful trading depends on plenty of things. Let’s take a look at a key factor, internalizing concepts. When one trades, price is in a move. When price is in a move, conditions change. Price itself is in a flow and the trader must flow along. Considering that price starts its move somewhere and end its …

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USDCHF intraday trade progression

August 9, 2023

Ok, so how do I trade? I posted 2 USDCHF trades live on another website today and it is worth to upload the pics here with comments. So I am gonna show you an USDCHF intraday trade progression and the respective chart analysis. The first trade was a bit late, also a bit early. Entry …

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Always have a question!

August 8, 2023

Questions are important. Many times when we have one, we seem to receive an answer almost immediately. Either from our own self or from somebody who we ask. It is the same with forex trading. While staring at a chart, we should have questions. It is a good practice to have an internal conversation or …

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AUDJPY long trades based on yesterday’s price projection

August 3, 2023

I have taken the trade based on yesterday’s projection. It is late, we are after London close time. Greed is not good, my trades are closed by now right where/and when the picture was taken. Around 85 pips on AJ today, two positions combined. It does not matter if the price hits the target today …

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AUDJPY long investigation on M15

August 2, 2023

We have arrived to the M15 TF. It shows accumulation now and whatever happens (anything could happen) we are not to get married to the trade. The same setups happen nearly every day and trading is about catching a section of a move with very high probability. The initial assumption for a long trade could …

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AUDJPY long investigation on H1

August 2, 2023

Looking to the left, there is a low that has been stophunted and engulfed before. Price likes to visit such areas. The area is also a Level 1 area within a larger area of accumulation. We also note that the moves of 3s are not clearly recognizable on H1. It is proper to consider the …

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AUDJPY long investigation on the H4

August 2, 2023

H4 confirms the obvious, already noticed: short traders have been taken for a ride and now the long traders are also trapped. Could short traders be trapped soon, when they are caught in the middle once again? We are in the middle again.. short? long? Keep? Close? Getting late, US session ends soon, what can …

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AUDJPY long investigation on the Daily

August 2, 2023

We are looking at the last Weekly move down on the Daily chart. We are able to find the moves of 3s, with special importance to the last 5 closed candles. Looking back a bit more, the entire move down shows the signs of a proper full cycle with price accumulating for days, then extending …

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AUDJPY long investigation on the weekly

August 2, 2023

We follow the same process and identify areas of accumulation, stop-outs – areas where traders got stopped out. For now, we believe we have good reasons to think that the identified peak highs and lows are solid points of reference for the identification of lower TF chart elements. We also mentally note that considering we …

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AUDJPY long investigation on the Monthly

August 2, 2023

Regarding the present, we note if there is any upcoming news this week regarding the pair. None is expected. We are aware of the upcoming NFP news this week but today is Wednesday, nothing abnormal is expected during the late EU and the ongoing US session today. We annotate the chart to understand what the …

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Thoughts on trading and an investigation into a possible AUDJPY long setup

August 2, 2023

One may want to prove oneself but the price does not care. A trader has to flow with the price, otherwise the price will flow with the trader. Flow means understanding, the skill of building a narrative, presence and focus to execute with flexibility. For many reasons, posting trades could be very dangerous, in fact …

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