Market Commentary 28/03/17

EUR/USD – Rising After Retracement The retracement I said would likely occur in yesterday’s post has took place today, but the market is now moving higher again and is looking like it will probably break through the retracement high later…

Two Simple Support And Resistance Trading Strategies

In today’s article, I’m going to share with you two support and resistance trading strategies you can begin using to make money from the forex market. The two systems I’ll be showing you in this article are very simple to…

Market Commentary 27/03/17

EUR/USD – Daily Supply Zone Broken By Large Move Higher Today we have seen the daily supply zone the market has been in since the 17th March broken by large up-move, which started when the market re-opened for trading last…

Understanding The Pin Bar Candlestick Pattern

In today’s article, we’re going to be taking a look one of the most common candlestick patterns you’ll see form in the forex market. Yes, of course I’m talking about pin bars (or hammer candlesticks as they’re often called). The…

Market Commentary 24/03/17

EUR/USD – Sharp Move Towards Wednesday’s Highs Today we have seen a sharp move higher take place on EUR/USD. This sharp move higher has pushed the market back up towards the highs made on Wednesday, and it now looks like…

Market Commentary 23/03/17

EUR/USD – Consolidating Inside Daily Supply Zone The break above the highs we were seeing take place yesterday’s came to an end shortly after my market commentary was published. Since the break has ended we have seen the market drop…

Market Commentary 22/03/17

EUR/USD – Moving Towards Highs Of Daily Supply Zone Yesterday’s large move higher which almost caused the market to break through the daily supply zone did not continue last night. Instead the market spent most of the night consolidating until…

Market Commentary 21/03/17

EUR/USD – Daily Supply Zone Almost The daily supply zone we saw the market retrace back into in yesterday’s market commentary has almost been broken today, by a large move higher which began in the early hours of this morning….

Market Commentary 20/03/17

EUR/USD – Slight Retracement Back Into Daily Supply Zone Today we have seen the market retrace back into the daily supply zone the market entered for the first time last Friday. The drop out of the zone we we’re seeing…

A Simple Support And Resistance Indicator For MT4

Marking correct support and resistance levels is a painfully tough process for most forex traders. I outlined the correct method of identifying and drawing the levels in my “how to draw support and resistance lines article” but unfortunately the method…