Razor Occam's Razor: Among competing hypotheses, the one with the fewest assumptions should be selected. Market's Razor: Assume you are wrong until you are proven right.

Zhu's Forex Thoughts

Trading is all about pattern recognition Here's an exercise for the initiated. Go to the 1 minute chart and look for an up move that turned into a larger up move on a higher timeframe, perhaps a 40-50 pip move. Then look for an up move that failed ...

Zhu's Forex Thoughts

From my experience these are the things that work on an intraday basis. 1. Trends v.s. Ranges 2. Volume on an intraday basis 3. Trend continuation & Trend Termination 4. Price areas filled with limit orders and stops 5. News that deviate from ...

What really works?

I like this.

Trader's Code

Sorry but can you define best? And probability of what trade?

Best Overbought/Oversold indicator?

image In the first trade, higher time frames were in a downtrend. Price found support at 10,095 level, bounced, made a HH/HL but did not break any key structures. The HH which coincides with the 200EMA is therefore a signal to sell, and more can ...

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Zhu's Forex Thoughts

We call a spade a spade. When something quacks like a duck... If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. If price finds support, starts making HL,HH, and breaks and holds above key structure, then ...

Zhu's Forex Thoughts

The more you activate your intuition while trading, the more you can improve your intuition. If we keep trying to trade according to strict rules and disregard what we FEEL is likely to happen, our intuition will never improve. The best way to grow ...

Zhu's Forex Thoughts

Don't fight the gambling urges; ride with them, manage them. You do not stop a fast moving ball by standing in its way. You take the momentum out of it by moving with it in the direction it's going. When the urge to take a trade comes up, respect it ...

Zhu's Forex Thoughts

15 Jan 2016 European Session Trade by Trade Review To get the most out of this, I encourage you to pull up a chart and refer to the levels I am looking at. image Session Time: 1 hour before London Open to 3 hours after London Open. Technical ...

Zhu's Forex Thoughts

Learn from your best trades Focus on the best trades that you have made, or the best opportunities you have seen in the market. Dissect them; understand them. Master the best ideas and train your brain to see them. *** Every idea feels like a good ...

Zhu's Forex Thoughts

Pattern within a pattern. 15 minute chart has same pattern as Weekly chart. Going long on the break-out here would potentially net 500 pips+ with 35 pip risk.

Zhu's Forex Thoughts

466 and 225 are good places to long

Zhu's Forex Thoughts

Be patient and the entry will present itself.

Zhu's Forex Thoughts

Wait for it to hit 1.097x, short it, and then get HEAVY long on the 30 pip retrace.

Zhu's Forex Thoughts

If retail sales are bad, we'll likely get a Tier 5 set-up (to the upside) on the EUR/USD today.

Zhu's Forex Thoughts