Monthly Archives: February 2016

Market Commentary 29/02/16

EUR/USD – Approaching Daily Demand   A small pullback last night was not enough to stop EUR/USD falling lower today. The pullback began just after the market opened, it managed to rise all the way to the resistance level before…

Market Commentary 26/02/16

EUR/USD – Falls On G20 Meetings   We saw a huge drop in the price of EUR/USD today. After advancing past the highs on Thursday night it seemed as though the market was set to continue higher, unfortunately what was…

5 Things You Can Learn From Trading In The Zone

Trading In The Zone by Mark Douglas is widely regarded as a classic in trading literature. I myself have read it many times throughout my trading career, always managing to learn something new from it with each successive read. The…

Market Commentary 25/02/16

EUR/USD – Moves Higher After Bullish Pin Bar Signal After yesterdays recovery produced a bullish pin bar on the daily chart, the move higher today has created a bullish engulfing candle. Although this engulf candle is not the typical high…

Market Commentary 24/2/16

EUR/USD Bullish Pin Bar Off Support   After breaking yesterdays low EUR/USD has rebounded higher today creating a bullish pin bar in the process. We can see the daily support level marked in the image, the support has confluence with…

All You Need To Know About Consolidations

Consolidations ( often known as ranges ) are some of the most challenging market conditions people face when trading the forex markets. Usually consolidations begin after there has been a long trend present in the market. Traders using indicators like…

Market Commentary 23/02/16

EUR/USD – Bearish Pin Bar Stop Run   Yesterdays move lower continued today, a stop run setup also presented itself.bearish pin bar signal also appeared early this morning. The reason this stop hunt took place was due to the bullish…

Market Commentary 22/02/16

EUR/USD – Daily Demand Completely Broken The bullish pin bar we seen on the daily chart failed to materialize into another up-move today, instead we got large drop through the demand zone. Its likely this move lower is going to…

Market Commentary 19/02/16

EUR/USD – Beginning Of A Move Higher ?   Last week EUR/USD dropped through the daily demand zone, instead of a large move lower it seems as though a recovery may now be about to take place. if we compare…

Market Commentary 18/02/16

EUR/USD Fallen Through Daily Demand The daily demand zone EUR/USD has been fluctuating in over the past few days was broken by a drop lower earlier today. The large collection of sell stops I showed you on Oanda’s open order…