"Free Forex Trading Strategies Daily from Asia Forex Mentor"

[asiafore]

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

[asiafore]

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

[asiafore]

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

[asiafore]

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

[asiafore]

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

[asiafore]

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

[asiafore]

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

[asiafore]

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

[asiafore]

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