Huzefa Hamid

Huzefa Hamid
Published articles: 31

About Huzefa Hamid

I’m a full-time Forex trader and I exclusively use Technical Analysis to trade. I believe that as a trader, you’re ultimately trading price no matter what because that is what controls your bottom line. The fundamentals and news create the market sentiment and emotions, and that in turn is reflected in the price chart. In other words, your bet in a trade is not on the news – it’s on what happens to the price.

My charts are very clean as I don’t use indicators. I draw support & resistance and trendlines. I use key candlestick setups and Fibonacci retracement levels, favoring the 88.6% retracement level. This is a manual process but it allows me to have a high win rate combined with a good risk/reward ratio.

Having lived in the UK most of my life, one of my favourite pairs is the GBP/USD. Now living in Canada, I often find myself looking at the USD/CAD. (I have found that USD/CAD moves without much correlation to other pairs which can be a good thing.) EUR/USD normally has the lowest spread which also helps. But if I find a valid setup on any pair and the spread is reasonable, I will take the trade. In that sense, there are no “favorites”.

For charting, I mostly use MetaTrader. It does have its limitations; for example, the timeframes are fixed; for example, you cannot have 7-minute charts, it has to be 5-minute or 15-minute. But MetaTrader has enough functionality to plan most trades. I also use the “Think or Swim” platform (now owned by TD Ameritrade). One of the features I like about it is having tick charts available. And occasions I use eSignal: this is much more sophisticated than MetaTrader.

My preferred trading session is the London Open. It is the most liquid session with by far the most movement.

I trade four days a week, about three hours per session. I trade the 15-minute, 1-hour, 4-hour and Daily charts.

Outside of trading, I love traveling. I’ve travelled over Europe, North America, South Asia, East Africa and the Middle East. I’m an avid photographer and I plan to continue developing this skill.


The Forex Room

Latest 10 Articles

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In continuing with learning about trading with Pin Bars, this article looks to the AUD/USD pair for recent trendlines pinned to the right entry.

Learn how to increase your Risk and Reward ratio from this informative article in continuing with the Forex education series on

This morning, 9:30 AM UK time there was a big announcement affecting the GBP/USD. See the trade that was entered right before the announcement and what the big move means.

In continuing with some Forex education this article discusses part two of the Reversal series by showing a daily chart looking at bearish pin bars and bearish Engulfing setups.

While relaxing over the weekend catch up on some Forex education. This article looks at the Pin Bar and Engulfing setup within a trade. Start your Forex Sunday school here.