Monthly Archives: May 2016

Market Commentary 31/05/16

EUR/USD – Retracement Continues The retracement which began yesterday has continued today after a small drop took place early this morning. The bearish candles we are seeing now are a signal that the retracement may be coming to an end,…

A Step By Step Guide To Understanding Oanda’s Order-book

The order-book provided by Oanda is one of the most important tools to use in your trading of the forex market. It is the only tool to my knowledge which shows real time information about where large amounts of orders…

Market Commentary 30/05/16

EUR/USD – Retracement Taking Place Towards the end of last week we saw the price of EUR/USD drop considerably, now we are seeing a retracement take place which is possibly caused by the banks taking profits off sell trades placed…

Why Do Some Supply And Demand Zones Work Multiple Times ?

Something which supply and demand traders will have undoubtedly noticed in their time trading the zones is the way the market will fail to break past some zones even after being touched multiple times. Supply and demand teaches say the…

Market Commentary 27/05/16

EUR/USD – Dropping Back Down To The Lows   I my last post I talked about how we had a good chance of seeing EUR/USD climb higher today and break the previous high in the market. We didn’t get a…

6 Important Quotes From Bruce Kovner

Bruce Kovner is a hugely successful trader who has been active in the markets since the late 70s. On his first trade he made $25,000 using $3000 he borrowed against his MasterCard. Initially after he placed the trade, his profits…

Market Commentary 26/05/16

EUR/USD Climbing Higher After Stop Run When my last post was published EUR/USD had just fell into a collection of sell stops which had accumulated just below the previous recent low. We can see the candle which struck the stops…

Market Commentary 25/05/16

EUR/USD – Stop Run On The 1 Hour Chart This past hour we have seen the market drop into a concentration of sell stops which had accumulated below the current low in the market. The breakout zone which I marked…

Market Commentary 24/05/16

EUR/USD – Sell Stops Hit, Price Continuing Lower The sell stops which I marked on the image in yesterday’s post were hit a couple of hours ago, unfortunately they failed to provide us with a reversal and instead were used…