Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | Trading today? Read this first. | | With little catalysts ahead, today’s market themes may be the drivers of volatility for the latest short-term setups, including this break-and-retest pattern on GBP/JPY. | | | | | | | | The Short-Term Bollinger Reversion strategy bags... 9 pips this week 😅 | USD/CAD's sideways action and CAD/CHF's target levels being too close were to blame this week. Here's a recap! | | | | | | | | Pipcrawler adjusts his USD/JPY trade to lock in profits | After a month of sideways action, USD/JPY traders finally wake up to push the pair lower ahead of yesterday’s FOMC monetary policy decision. Here's what he's decided to do for now. | | | | | | | | A look at the major pairs' long-term trend strength | Using MarketMilk's long-term trend strength tool, we can see which pairs are currently bullish and bearish:
 | | | | | | | | 4 cases when you should just stay out of entering trades | | Here are the top four scenarios wherein it might be better to patiently wait on the sidelines instead of jumping in a trade. | | | | | | | | "Depending on the chart time frame, where do I place my stop loss and take profit?" | Forum member Stardivinity writes, "My confusion lies with where to put stop loss and take profits based on what chart you are on. Logically wouldn’t the SL and TP be larger on a day chart vs an hour chart?" | | | | | | | | | | | | | |
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