Legends! Hope you all had a wonderful week! The markets this week have been a bit choppy due to all the high volatile data being released however we still managed to survive! This week, the team and I took two trades, AUDUSD & USDCAD. Both trades ended up moving to our desired target but not without a fight. AUDUSD attempted to stop hunt us out by less than 1 pip, 9 ticks to be exact, while USDCAD stop hunted us out by 1.6 pips. Many people have asked me why I didn't adjust t
Since I have started learning about the forex market from ThatFxTrader, I have noticed that one of the key elements that is highly important to keep in mind when you are trading is patience. Every day is not a trading day, and this is the main reason why a lot of traders do not open proper trading positions. I believe that there are two common reasons why young traders are impatient: Instagram & Instant Money.
It may sound weird that I am mentioning Instagram, but I will ex
Repost from Instagram 9-1-18 Below you can find the reasons why structure needed to move in the following way to see a continuation of AUDUSD’s bearish momentum👇
1. Break out of the short term ascending trend (Indicating this short term bullish momentum is coming to an end & potentially confirming to us that this ascending movement in fact is warranted as a liquidated movement)
2. Validate that short term lower lows have been made (Indicating to us that this previous bulli