Tokyo Session

ith Australia and Japan relying heavily on Chinese demand, we could see greater m

London Session
Of course, it may be best to stick with the majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF), as these normally have the
London session is the busiest out of all the other sessions

New York Session

Best Days of the Week to Trade Forex

Tue,Wed, Thur best day to trade
Friday half day

Best Times to Trade:

When two sessions are overlapping of course! These are also the times where major news events come out to potential
The European session tends to be the busiest out of the three.
The middle of the week typically shows the most movement, as the pip range wid
currency pairs.

Worst Times to Trade:

Sundays everyone is sleeping or enjoying their weekend!
Fridays liquidity dies down during the latter part of the U.S. session.
Holidays everybody is taking a break.
Major news events you dont want to get whipsawed!
During an episode of Game of Thrones, the NBA Finals, or the Superbowl

When you go to the grocery store and want to buy an egg, you cant just buy a sing
lots of 12.
In forex, it would be just as foolish to buy or sell 1 euro, so they usually come in lo
(Micro), 10,000 units (Mini), or 100,000 units (Standard)

Pip Values
(The value change in counter currency) times the exchange rate ratio = pip value (i
[.0001 CAD] x [1 USD/1.0200 CAD]
Or simply as:
[(.0001 CAD) / (1.0200 CAD)] x 1 USD = 0.00009804 USD per unit traded
Using this example, if we traded 10,000 units of USD/CAD, then a one pip change

If the currency you are converting to is the counter currency of the exchange rate, a
found pip value by the corresponding exchange rate ratio:
.813 GBP per pip / (1 GBP/1.5590 USD)
Or
[(.813 GBP) / (1 GBP)] x (1.5590 USD) = 1.2674 USD per pip move

So, for every .01 pip move in GBP/JPY, the value of a 10,000 unit position changes
If the currency you are converting to is the base currency of the conversion exchan
found pip value by the conversion exchange rate ratio.
Using our USD/CAD example above, we want to find the pip value of .98 USD in N
7900 as our conversion exchange rate ratio:
0.98 USD per pip X (1 NZD/.7900 USD)
Or
[(0.98 USD) / (.7900 USD)] x (1 NZD) = 1.2405 NZD per pip move
For every .0001 pip move in USD/CAD from the example above, your 10,000 unit p
approximately 1.24 NZD.

Bollinger Bands, a chart indicator developed by John Bollinger, are used to measure a markets volatility.
When the market is quiet, the bands contract and when the market is LOUD,
One thing you should know about Bollinger Bands is that price tends to return to th
Many traders have developed systems that thrive on these bounces and this strate
Setups like these dont occur every day, but you can probably spot them a few time

One indicator that can help us determine where a trend might be ending is the Par
You DONT want to use this tool in a choppy market where the price movement is s

he Stochastic oscillator is another forex chart analysis indicator that helps us dete
now more popularly used ti identify overbought and oversold conditions.
RSI is a very popular tool because it can also be used to confirm trend formations.
f you are looking at a possible UPTREND, then make sure the RSI is above 50.
To avoid fakeouts, we can wait for RSI to cross below 50 to confirm our trend.

ADX is typically used to identify whether the market is ranging or starting a

ADX can also be used to determine when one should close a trade early.

Double Top
A double top is a reversal pattern that is formed after there is an extended move up

Head and Shoulders

A head and shoulders pattern is also a trend reversal formation.

It is formed by a peak (shoulder), followed by a higher peak (head), and then anot
A neckline is drawn by connecting the lowest points of the two troughs.

Wedges could serve as either continuation or reversal patterns.

If the rising wedge forms after an uptrend, its usually a bearish reversal pattern.
On the other hand, if it forms during a downtrend, it could signal a continuation of th
Simply put, a rising wedge leads to a downtrend, which means that its a bearish ch

Falling Wedge
s a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptre
As a continuation signal, it is formed during an uptrend, implying that the upward p
Unlike the rising wedge, the falling wedge is a bullish chart pattern.

Rectangle patter is a countinuous patern

Similar to rectangles, pennants are continuation chart patterns formed after strong

Trainagle , chance for both direction

Professional forex traders and market makers use pivot points to identify potentia
a pivot point and its support/resistance levels are areas at which the direction of pr
Pivot points are especially useful to short-term traders who are looking to take adva
Range-bound traders use pivot points to identify reversal points. They see piv
Breakout forex traders use pivot points to recognize key levels that need to b
classified as a real deal breakout.
PY pairs when Chinese data comes in.
 uld be approximately a 0.98 USD change in the position value (10,000 units x 0.0000984 U

hat is the whole idea behind the Bollinger Bounce.

e market is ranging and there is no clear trend.
ing at a 15-minute chart

Reversal).

ght be ending.
bly change.
vements.
e they can place their buy or sell orders.
units x 0.0000984 USD/unit).
Stradle
Choose the which news u r going to trade
Find the breakout level for 30 min before the news release
Make a pending order in both direction 100 pints above the breakout level(buy)
Set stop loss aprox 300 points below the entry level and Take profit will be equal to the range of market 30 min before the new
of market 30 min before the news release