askresearch

Hellow fellow traders,

I would like to personally welcome you to the #askresearch thread. To align everyone here with a common objective, do take a minute to understand the existence and purpose of this thread.

Vision: To be the trading community with a tenet of passion and commitment for trading and investing.

Mission: To connect and empower traders to achieve a consistently profitable trading career.

I have been trading the financial markets for the past 3 years. I started off on a social trading platform (eToro) back in 2012. It was my first exposure to the forex market, and I would say that my journey wasn't exactly a smooth sailing one. Well, I believe I can confidently say that every trader's journey wouldn't be a smooth sailing one. However, I must admit that I am no doubt lucky in a way to be able to have a first positive experience in the market by making some profits. But as all traders would have known, you will only become a 'real' trader after you went through some serious lessons in the market. I had mine back in 2012.

But I didn't give up. Having gone through the positive experience I had at the beginning, I know that this is something real, a platform and avenue that I can really make a career and living out of! The only challenge is EDUCATION. I need to educate myself with the right mindset and skill set to profit from this. So I went through the hard way via hours and hours of reading, practices, seeking for different sources of guidance, and of course paying tuition fees to the market along the way as well.

And so I thought, how great it is if I have a mentor or someone who could support and guide me along this learning process; or even when I have equipped myself with the basics, someone to share and bounce ideas with! This wasn't something that is readily available in such a competitive financial market environment. So I decided to give myself the challenge to contribute back to fellow traders, to build a community of traders who are serious and committed in developing themselves, to connect and empower these traders in achieving a common goal: To be a consistently profitable trader!

There begins this thread #askresearch

1. Ask any questions you have;
2. Ask any currency pairs you want to gain different insights on;
3. Ask any topics you want to find out more and discuss;
4. Ask anything!

Let us connect and have some serious fun profiting from the market together!

*while I didn't plan to commercialise anything on this thread, but Forex Factory decided to limit my account as a commercial member, it would perhaps be easier to connect with me directly on Facebook: https://www.facebook.com/groups/fxptraderoom/

To get the ball rolling, here a potential setup on AUDUSD.

Nice call. I would like your analysis on GBPAUD, USDCAD Thanks

usdcad



gbpaud

In this video, I'll share with you exactly how we spot potential setups using the RSI indicator.

The setting for the RSI is period 7, with overbought and oversold conditions at 80 and 20 respectively.

nice thread bro

i will drop my setups soon

i will drop my setups soon

Challenging the 1% Rule

Came across this discussion today and thought it will be interesting to have some different insights to this.

Instead of discussing as to whether 1% risk level is right or wrong, I would like to engage you on a deeper conversation as to what is risk/money management mean to you?

And to further challenge your thinking process, why have you chosen the risk level that you have chosen? Is it a risk percentage that you personally tested and comfortable with? Or is it simply based on the suggested risk level out there?

Also, we will be having NFP tonight. So what is your risk/money management plan?

Looking at this week news events, here are 3 potential setups to keep an eye on

Price has been pretty much moving in a range. With this week AUD employment change and unemployment rate, we might potentially see some nice move for this pair. My personal sentiment is still bearish on the AUD.



While the sentiment on NZD isn't exactly bullish , the technicals are saying otherwise. The overall trend is still bullish on the H4 and we do have a potential bull setups on harmonic patterns as well.



Last week GBP meeting and positive CAD news sent this pair strongly downwards. Coming into this week, we do have two potential setups to keep an eye on. On the lower timeframe, H1, we have a double top divergence setup in confluence with a 141.4 extension as well. On the higher timeframe, H4, we have a bullish Bat pattern setting up.

Three reasons to sell GBP/USD - Deutsche Bank

Deutsche Bank advises clients to turn outright bearish on GBP arguing that the rationale for being long sterling has disappeared.

Do you agree?

Finally compiled and done up the COT data file. Starting next week we will be adding sentiment analysis to our research methodology!

We never stop equipping ourselves with new insights to continuously develop our methodology. And you shouldn't stop too!

Last week BOE meeting was dovish which sent the Pound lower. This was coupled with a very positive NFP results. Looking at this pair, we do see an alignment of both technical and fundamental aspects.

Hence we will be keeping a close watch at the 1.5255 region for any shorting opportunity.



Check out the mid week analysis video below. This week, we look into how take into account the various news events in our trading plan; how we prepare for the upcoming week looking into the events calendar. In this video, we also be shared 3 potential setups: EURGBP, GBPUSD, and GBPNZD.

Hi I'm a new trader, recently I saw some of your technical analysis in Youtube and found this forum,
so, here I am.

I have a question regarding trading setup wanted to ask here,
moments ago XAUUSD drop to 1073, so in Weekly chart I found a double bottom and a bullish divergence setup,
can clarify my potential setup is it correct?

Hi very new to this posting messages on sites such as this, wondering if anyone has a view on the eur/usd bounce, I was thinking 1.8850 which I believe is the 23.6 fib from the 15th of October.

If you are looking at Weekly timeframe, it is a potential double bottom divergence. But since the bar for the week is still active, it is still "potential". If you drop down to H4, we do see a divergence as well. Having said that, there isn't any sign in terms of price action on the various timeframe (W1, D1, and H4) showing that price is reversing.

Perhaps it would be better to wait for price action confirmation (pin bar or engulfing bar) before entering.

Here's my view on EURUSD. Perhaps you want to include a chart so we can better discuss. With the chart, we can also clearly see which timeframe we are analysing as at different timeframe, the analysis would be quite different.

After completing the COT data file, we have added another new aspect into our methodology research - FUNDAMENTAL data.

We will be incorporating ALL analysis - technical, fundamental & sentiment for the coming week!

Keep you posted!

Potential trade of the week: GBPAUD



We have many confluences happening around the 2.1000 - 2.0980 region.
1) 2.1000 even level
2) Gartley completion
3) Cypher completion
4) 1:1 harmonic move
5) Confluence of extensions

dear aky,
do you see any divergence in any currency pair, if so, then kindly inform us. because you are professional trader you can see better on chart than me