asiaforexmentor1's Posts

can u please tell me how to over come a situation like this? in Experienced Traders Jul 12, 2012 at 11:00

Forex Trading QuestionI Would like to share with you guys one of the questions i received in regards to a forex trade.Forex Pair: Usd Jpyhttp://www.asiaforexmentor.com/webpages/usd.gifQuestion:can u please tell me how to over come a situation like (See Chart above).. itsreally looking a great pin but it didn’t triggered, and it is also with trend.. the tradereached the stop loss and now its again returning to normal. can u please tell me to howto understand a situation like that?Answer:http://www.asiaforexmentor.com/webpages/usd1.gifPrice is making a higher lows and higher highs as highl...

Forex Trading Systems – Ping Pong Trade in Experienced Traders Jul 08, 2012 at 06:10

Forex Trading Systems – Ping Pong Tradehttp://www.asiaforexmentor.com/webpages/usdchfh4c.gifI like to call this a ping pong trade.A nice forex price action pin bar formed on the forex pair: Usd ChfIts a price action forex pin bar that is in line with the uptrend. (Remember to always trade with the trend)Moreover, it has the 150 moving average (marked by the orange line) as support.By just judging the above points alone and not adding other confluences, its a already a good trade to enter.So where is our First take profit area? The blue line of course. Our 200 moving average.Price will de...

Forex Trading Strategies: How Does Time Frames Inter-link? in Experienced Traders Jul 03, 2012 at 08:17

Forex Trading Strategies : Perfect tradeForex trading pair: Usd JpyThis post will show you guys how does the different time frames link to each other. And how and why do we take the trade.Lets start off with the usd jpy 30 min chart.[img]http://www.asiaforexmentor.com/webpages/usdjpy30.gif[/img]I know i should not be posting this as i strongly do not recommend new traders out there to look at the lower time frame. However this post is to show you how and why did i entered on this trade.In the chart above, which is a 30 min chart. I spotted a really nice long nose pin bar that protrudes out fro...

Forex Trading Strategies – Its all about Boxes in Experienced Traders Jun 26, 2012 at 06:51

Forex Trading Strategies – Its all about Boxes (Forex Trading Strategies)[img]http://www.asiaforexmentor.com/webpages/usdchfboxh1.gif[/img]Forex trading pair: Usd ChfThe forex trading strategies | strategy above is an interesting way to look at forex charts.I have highlighted blue boxes in the chart.As we can see, when price is NOT trending. It moves in boxes. Just like the chart above.Do not neglect the simplicity of this! I use this often as one of my trading arsenal.What we can notice from the chart is that price consolidates in the boxes and to eventually break out from the box to fo...

The Super Power Forex Trading Secrets. in Experienced Traders Jun 14, 2012 at 10:03

Forex Secret Trading: The Super Power Forex Trading Secrets.FOREX SECRET TRADING.http://www.asiaforexmentor.com/webpages/tmr1.gifA lot of new traders are always looking for forex secrets | forex secret trading | forex trading secrets.They always think that there must be a secret out there which they do not know of.True enough, the so called “Forex Secret” lies in the forex trading system.But that’s not the topic i’m going to touch on today.Today i’m going to touch on a “Forex Secret Trading Strategy”.This forex secret trading strategy or should i say: ...

Price Action – Double Pin Bar in Experienced Traders Jun 08, 2012 at 08:07

Price Action – Double Pin Barhttp://www.asiaforexmentor.com/webpages/usdcadpin.gifForex Trading : Usd Cad h4One pin bar right after the after pin bar. This is in confluence with the 365 moving average.If you missed the first pin bar, you should have seen the 2nd one.Price is giving you a second chance to get into the move. It is already gearing up.Bang! Off it went. How could we had missed it?And if we looked further for more confirmation and confluence.Lets look at the 1hr charthttp://www.asiaforexmentor.com/webpages/usdcadpin1.gifNeed we say more? Price is also meeting resistance at th...

Should we or should we not take this trade? in Experienced Traders May 28, 2012 at 06:55

Forex trading strategies – Should we or should we not take this trade?Today’s post is one of the forex trading questions that i got over the weekend which i thought would be helpful to sharehttp://www.asiaforexmentor.com/coaching/q1.jpgQuestion:I spotted a pin bar pointing down with the 150ema supporting thecadjpy. The daily chart seem to be heading down but the weekly chart seem to be goingup. In these case, is it safe to sell as the day seems to be heading downalthough the weekly still seems to be pointing up?My Reply:No, when i trade the daily forex chart, i will make sure the d...

How do you trade the news in forex trading? in Experienced Traders May 20, 2012 at 11:18

How do you trade the news in forex trading? A lot of people have been asking on how to trade the news.although i strongly do not recommend just trading based on news only, but here’s some pointer.1. News are categorised into the level of impact. low, medium, highjust like the word high, high impact news can change the trend of the market. changing a downtrend into an uptrend and vice versa.some medium impact news do have such capability too.2. watch out for the upcoming important news weekly and daily.and note which pair will the news affect.3. if you are in a position and there will be...

Forex Trading Psychology: Levels of FEAR in Experienced Traders May 12, 2012 at 09:56

Forex Trading Psychology: Levels of FEARFOREX TRADING PSYCHOLOGY People can always relate FEAR to forex trading.The fear of losing money.The fear of losing that trade which is too much for you to handle.However what most people do not realise is that there are different levels of fear.Eg.When you can afford to lose that trade, (which you still do feel fear)you are still able to think rationally and life goes on.(ALTHOUGH YOU STILL DO NOT WANT TO LOSE THAT TRADE)In the example above, fear is definitely in our emotions.But because the level of fear is low, we are able to handle the fear and sti...

How to take this Price Action Pin Bar(Part 2) in Experienced Traders May 03, 2012 at 06:55

Follow up on previous post “How to take this Price Action Pin Bar”http://www.asiaforexmentor.com/webpages/gold1.gifFollow up:As we had set the pending buy order at the top of the pin bar (marked by the orange line)Our buy order got triggered by the 2nd bar after the pin.Our take profit would be the previous high (marked by the turquoise line) and we have gotten our full profits.Risk reward 1:1.5Thats not too bad.As you can see, by just a simple method of placing a pending order instead of entering right at the close of the pin bar.1) we did not get our stoploss triggered and instea...

How to take this Price Action Pin Bar(Part 1) in Experienced Traders Apr 26, 2012 at 08:47

Forex Trading Course – How to take this Price Action Pin Bar http://www.asiaforexmentor.com/webpages/gold.gif Forex trading pair: Gold (Xau usd)A forex price action pin bar formed as showed in the blue highlighted box.Lets Analyze this price action pin bar:1) Pin bar formed off the 25 moving average (yellow line)2) Pin bar protrudes out from surrounding prices. But the nose could be longer.3) The past few bars before the pin were all bearish bars. Which would make me doubt on whether the small pin has the strength to take on the previous bearish bars4) The over trend is in an uptrendFore...

Something that i have been for years in forex trading. in Experienced Traders Apr 14, 2012 at 15:34

Forex trading strategies:SOMETHING THAT I HAVE BEEN FOR YEARS IN FOREX TRADING. http://www.asiaforexmentor.com/webpages/gbpusd1.gif I would like to share with you guys a “secret” which is not. =)By just entering on the arrows shown, we have no surprise on where to enter and where to take profit.If we miss to enter at the peak on the 2nd arrow, we would also have entered on the price action bar: pin barThese are knowledge to let you know that price is heading down – to: our low of the consolidated boxThis is something i have been doing all these years, these are my daily incom...

Are we just plain scared to trade the lower time frames in forex trading? in Experienced Traders Apr 06, 2012 at 08:32

Are we just plain scared to trade the lower time frames in forex trading?[IMG]http://www.asiaforexmentor.com/webpages/difficulty.jpg[/IMG]Are we just plain scared?Here’s the fact:Most of the full time forex traders out that trade the HIGHER Time Frame.Not the 1min, the 5 min, the 15min or the 30min.Most people have the misconceptions that to be successful in forex, the trader must trade the lower time frame.Hell NO!In fact its the newbies that trade the lower time frame and the professionals that trade the higher time frame! lol..New guys who enter the forex market thinking that they cou...

How to be consistently profitable in forex trading in Experienced Traders Mar 31, 2012 at 09:17

Forex Trading Strategies – How to be consistently profitable in forex tradingFOREX TRADING STRATEGIESI always get the same questions from forex traders around the world:“Ezekiel, I can’t seem to be consistently profitable in forex trading”then they may follow on by “I know my forex trading strategy works.. but i just can’t get profits month after month..”These are the questions that i get frequently. And this is my general answer to them.I will usually ask them back:“So, are you keeping track of your trades?”You see, to be consistently prof...

Forex Trading Is Like stacking a Pack of Cards. in Experienced Traders Mar 26, 2012 at 23:27

Forex Trading Is Like stacking a Pack of Cards.http://www.asiaforexmentor.com/webpages/cards.jpgHave you ever tried stacking a pile of cards? If you haven’t perhaps you should try it now.Placing every piece of card, trying to find the precise angle, and with a calm collected touch is the key to building your stack of cards.First you must have a solid and stable groundNext you must have got the surroundings covered. No open windows – in case the wind blows, no direct fan blowing at you. etcWhilst placing that card, you must keep all distractions at bay.With a cool & calm collect...

How I Turned a Losing Trade to a Winning Trade. in Experienced Traders Mar 15, 2012 at 07:09

Forex Trading Strategies – How I Turned a Losing Trade to a Winning Trade.http://www.asiaforexmentor.com/webpages/goldinsidebars.gifForex trading pair: GOLD = XAU USDThis is an interesting trade on the forex pair XAU USD.In the chart above, we see a series of forex price action inside bars. (Highlighted in the blue box)Meaning bars that are smaller than the previous bars.When a series of inside bars like the above happen.It means that price is having an indecision of where to go.It’s like it is gathering momentum, for a burst out of either side.Which could either be up or down.So w...

Forex Breakout Strategy: Simple Trade, Simple Profits. in Experienced Traders Mar 09, 2012 at 13:18

Forex Breakout Strategy: Simple Trade, Simple Profits.FOREX BREAKOUT STRATEGY[img]http://www.asiaforexmentor.com/webpages/breakusdchf.gif[/img]Forex Pair: Usd ChfIn Forex trading, there are various forex trading strategies.I would like to show you a forex breakout strategy as shown in the chart above.It is simple yet highly powerful.In the chart above, we see a series of bearish bars (red bars) -> marked by the yellow arrow pointing down at the top of the picture.This series of price action bearish bars represent the selling momentum in the market. And the selling is gaining momentum with t...

Learn FX Trading -> Your Forex Work Station in Experienced Traders Mar 05, 2012 at 07:22

Learn FX Trading -> Your Forex Work StationLEARN FX TRADINGMany fx traders are always busy finding the holy grail. Largely because they are still not making money in forex trading.Or to put it blatantly, they are losing money!So they push it all to failing to find the right forex trading strategy / forex trading system.It may be true.But they probably also missed out a seemingly unimportant factor.Their work station.When i first started trading, of course i didn’t had my own study/work room.I had my television, computer, bed, snacks .. everything in the same room.So as you can see.The...

Price Action Forex -Why Forex Trading is Easy with Price Action? in Experienced Traders Feb 24, 2012 at 07:00

Price Action Forex – Why Forex Trading is Easy with Price Action?[img]http://www.asiaforexmentor.com/webpages/priceactioneurgbp.gif[/img]There are many answers to why PRICE ACTION is king in forex trading.And why price action in fact is the easiest to trade with in forex trading.Let me give you an easy explanation with the chart above.In the pair above: Eur GbpIt shows the pair in an uptrend.And if we look into the pair, we can easily spot 5 price action entries for us to ride the trend and to profit on.Price Action Forex – Why Forex Trading is Easy with Price Action?Price action (...

Free Daily Price Action Forex Trading Strategies & System in Experienced Traders Feb 11, 2012 at 17:49

The Forex: Gold Rises As Fed Extends Its Plan To Keep Interest Rates LowTHE FOREX[img]http://www.asiaforexmentor.com/webpages/goldb.jpg[/img]In the forex market, American dollar gained again the euro after mixed economic data. According to Commerce Department data, bookings for long-lasting goods advanced 3% after rising 4.3% the prior month, this is the biggest back-to-back gains in almost a year. Figures from the Commerce Department showed Purchases of single-family properties decreased 2.2% from the prior month to a 307,000 annual pace. Latest report released by Conference Board indicates t...

All Quotes
AUDUSD	0.653	USDCHF	0.9147
EURJPY	169.15	EURCHF	0.9785
EURGBP	0.8563	GBPJPY	197.36
EURUSD	1.0699	GBPUSD	1.2487
USDJPY	158.04	USDCAD	1.3679

EURUSD	1.0699	GBPUSD	1.2487
USDJPY	158.04	USDCAD	1.3679

Posts by asiaforexmentor1