What is Harmonic Trading? Sometime ago, I saw couple of videos where this trader draws these strange looking triangles on a chart and he even went on to name these patterns with names of different animals including the butterfly, which in fact resembled the wings of a butterfly. Obviously, I was curious to say the least. […]
An Introduction to Harmonic Trading Read More »
I still remember the days when I was first introduced to forex trading. I started learning forex like a mad scientist. Obviously, the first indicator I learnt was the Moving Average. Then I looked at a moving average cross over strategy. I was closely observing two moving averages plotted in a chart, then I said
Forex Pullback Trading Strategy Read More »
Forex scalping and Day Trading Forex scalping is the most controversial style of trading in the forex world. Mainly because forex scalping bears more similarities to gambling and addictive in nature. Hopefully, this post will clarify some of the misconceptions surrounding forex scalping. One might think that I’m promoting low R:R, highly risky short term amateur style trading.
5 Myths About Forex Scalping Read More »
It was funny that when I first started trading, I used to run around hunting for the best forex scalping strategy that worked. Ignoring the fact that a strategy is merely a set of rules based around few indicators that should resonate with my trading style, time frame and trade context. Obviously nothing worked for me
The Best Forex Scalping Strategy That Works for me Read More »
Let’s face it. Everybody starts forex trading with some form of a scalping strategy. Even if strategy doesn’t exist, scalping does, at least at the beginning. So there is plenty of RISK involved in, given the fact that 95% of all retail traders lose money in trading. While a massive chunk of retail traders are scalpers, statistically scalping rides along
Risk Management in Forex Scalping Read More »
Order flow is not a familiar term to forex traders, yet its very important to understand the dynamics of it. There are two types of order flow when it comes to shorter timeframe charts used in forex scalping. Short term order-flow and long term order-flow. The method I often use to distinguish which order-flow has the
Importance of Order Flow in Forex Scalping Read More »
