Welcome to this week’s trading recap! Over the past few days, we’ve covered powerful trading strategies, insightful interviews, and key market concepts to help you sharpen your edge.
In this post, you’ll find a quick summary of all our latest content, so you can catch up, learn, and apply these insights to your trading. Let’s dive in!
Supply and Demand Zone Trading (video)
Last Tuesday I made a new video about supply and demand zone trading. Supply and demand zone trading is a trading method that identifies market opportunities through extreme trend shifts. Traders find these zones by spotting unusually large momentum flushes that mark the beginning of new trends.
The key to success isn’t just finding these zones – it’s waiting for proper confirmation through price action and momentum before taking positions. This approach works on any timeframe, but requires patience and careful observation rather than rushing into trades as soon as price reaches a zone.
Best Forex Pairs (Article)
We also wrote a new article on the essentials of forex pairs and how to choose the right ones based on your experience level and trading strategy. Forex pairs are categorized into majors, minors, and exotics, each with different levels of liquidity, volatility, and risk.
Beginners are advised to stick to major pairs like EUR/USD and USD/JPY, which offer stability and lower transaction costs. Advanced traders might explore volatile pairs like GBP/JPY or commodity-linked pairs like AUD/USD. The article also discusses exotic pairs, which have higher risks but can offer greater rewards.
To trade successfully, traders should consider liquidity, volatility, economic news, and technical analysis while keeping a trading journal to track progress and improve strategies.
Read the full article: https://edgewonk.com/blog/the-best-forex-pairs-to-trade-a-complete-guide-for-beginners
Developing Better Trading Strategies (Video Podcast)
In this podcast episode, we talked to trader and educator Akil Stokes who shares his journey, trading philosophy, and advice for traders at all levels. He emphasizes price action trading, using structure and patterns.
Akil discusses his shift from strict mechanical trading to a more discretionary price action approach, highlighting the importance of aligning a strategy with a trader’s personality. He also stresses the value of data-driven decision-making, backtesting, and maintaining a trading journal.
The conversation covers scaling up capital, transitioning from day trading to swing trading, and why traders often exit profitable trades too early. Akil also talks about the importance of discipline, curiosity, and adapting to market changes.
For those balancing trading with a full-time job, he advises scheduling trading time wisely and focusing on higher timeframes if necessary. Lastly, he shares insights on prop firms, risk management, and the importance of patience in trading success.
Break and Retest Trading System
In our newsletter from last week, we went over a simple, yet powerful break and retest strategy. I have been trading break and retest patterns for over 15 years.
The break-and-retest strategy is one of the most effective ways to trade price action. It focuses on identifying key levels, waiting for a strong breakout, and then entering on a controlled pullback—all while staying aligned with the trend.
Read the full newsletter here: https://mailchi.mp/81696fdca8af/this-is-the-simplest-trading-signal-and-so-powerful
How It Works:
Identify a strong level – A well-defined support or resistance zone that has been tested multiple times.
Wait for a breakout – A high-momentum move breaking through the level, confirming a shift in market structure.
Watch for a pullback – The price should return to the broken level, ideally with a V-shaped reaction instead of slow consolidation.
Confirm the entry – Drop to a lower timeframe to look for signs of price reacting at the level before entering.
Manage risk properly – Set a stop-loss beyond key highs or lows and use a reasonable take-profit target.
This approach helps traders avoid false breakouts, ensures they enter in line with market momentum, and provides clear entry and exit points for better trade execution.
That’s everything we covered this week! We hope these insights help you refine your trading strategies and make better decisions in the markets.
Stay disciplined, keep learning, and have a great trading week ahead.
Happy trading! 🔥
