And here is the trap revealed on the GBP/JPY pair from earlier!

And here is the trap revealed on the GBP/JPY pair from earlier!

by Anna Coulling Comment Closed
The crossover from one session to another is one of the most profitable times for the market makers and here's why. We looked at the GBP/JPY at the start of the London forex session and saw the volatility which is ever present at such times. Now we can see the trap has been sprung and the market has reversed sharply. All those forex traders who jumped into this pair on FOMO, the fear of missing out, on the initial rapid move higher are now trapped in weak positions and regreting their decision. https://youtu.be/yIJzb79MbPc...
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Using the renko indicator for trading forex

Using the renko indicator for trading forex

by Anna Coulling Comment Closed
The renko indicator is a wonderful indicator to use in combination with time based charts, and in the webinar we show on the GBP/JPY pair. https://youtu.be/sXlm05gRFaU...
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Muted reaction to NFP for equities

Muted reaction to NFP for equities

by Anna Coulling Comment Closed
Fundamental news is often cyclical and the importance of one type will vary according to where we are in the economic cycle. In addition, such items may be overshadowed by more prescient news, and this is certainly the case at present with Coronovirus dominating world headlines and driving fear in the markets. So it was no surprise to see the monthly NFP release have little impact on US indices, which paused momentarily before continuing their journey South as we can see across the three sisters here of the YM emini, the NQ emini and the ES emini. Note the weakness in the reaction higher on the 5m charts to the top of the image. You can discover more in my FREE forex webclass where I cover this in more detail and teach five trading ideas to help you in your own forex trading. You can join me by clicking the link here http://bit.ly/3cB64cH  ...
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Crossover session traps

Crossover session traps

by Anna Coulling Comment Closed
The crossover sessions in forex occur when trading in one timezone closes and another opens and can be a very dangerous time for traders. Why? Because this is where insider traps are set. The London open always is a fertile ground and there was a great example on the usd/jpy. Heavy buying in the pair on the previous day resulted in a nice move higher in Asia with the pair moving into consolidation ahead of the London open. Prior to the open the pair started to move higher on reasonable volume but reversed lower at the open on high volume until the hammer candle, again on high volume pushed the pair back towards the consolidation (the yellow line on the chart). I explain this in more detail in my free forex webclass - click to join here...
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