Ahmad Hassam / Blog
Bitcoin as a cryptocurrency has become very popular with a lot of people. Bitcoin price jumped above $1000 in the first week of this year for the first time after 3 years. Most of recent demand for bitcoins is coming from China...
There are many ways to do forex scalping. Keep this in mind different pairs have different personalities. EURUSD behaves very differently from GBPUSD. GBPUSD behaves very differently from USDJPY. So a scalping strategy that works for EURUSD may not produce good results with GBPUSD...
Candlestick patterns are important signals on all timeframes. The problem is most of the time you read the signals wrong. There is some vagueness attached with each candlestick signal. You need to master the art of knowing when to act and when to ignore...
Trendlines are very simple yet very powerful technical analysis tools. Trendlines are a powerful leading indicators that you should learn how to use effectively. Trendlines are drawn by connecting two higher lows or lower highs. Surprisingly price seems to obey and respect these trendlines...
US Dollar Index is a measure of US Dollar strength weakness against a basket of six currencies. These six currencies are the EURO, YEN, POUND, CANADIAN DOLLAR, SWEDISH KRONA, SWISS FRANC. Surprisingly this basket of currencies does not include Chinese Yuan...
Federal Reserve Bank of USA is the most important central bank in the world also known as FED. Traditional tool at the disposal of a central bank is the monetary policy. Monetary policy means increasing decreasing the interest rate in the economy or increasing decreasing the money supply...
Ichimoku Kinko Hyo indicator is very good indicator that many traders ignore because of a difficult name. There are many professional traders who trade solely based on Ichimoku Kinko Hyo indicator...
Support and Resistance is a very important concept in trading. Support is the area where price finds great buying pressure and bounces up. Resistance is the area where price finds great selling pressure and bounces down...
15 minute chart is good for scalping. On M15 chart you can catch good 500-100 pips moves easily depending on the currency pair. Candlestick patterns on M15 chart when combined with support and resistance can be good signals...
If you don't understand M5 chart, you will lose a lot on it. The key to understanding M5 lies in trading it naked. Naked trading means focusing only on price action and ignoring indicators. All indicators are lagging. So ignoring them won't be a problem if you know how to read price action...