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Attachments: Success Guaranteed - Simply Trade Better
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Success Guaranteed - Simply Trade Better

Quoting todor113
{quote} Wow , best advice ever. Just close your account , this would be the best protection.
Eh bro, don't miss the point. Chasing money, looking for quick bucks, will make you bankrupt fast in this business. Money management and trading discipline with an effective, functional trading strategy and system will bring you the money. Trade safe.

KP
Do your homework, follow the footprints of smart money
I have completed my weekly technical analysis and this week I will be looking to trade 2-3 pairs which met my criteria. These are EURJPY and USDJPY. A third possibility is GBPJPY, which I may after further tracking during the week.

KP
Do your homework, follow the footprints of smart money
Why I do weekly technical analysis to plan my trade, I realize that success in the Forex business is less a matter of predicting the next market move and more of reacting to what is happening in the market.

KP
Do your homework, follow the footprints of smart money
Nuggets

We all have to understand how the market works and learn how to effectively deal with it in order to last long in this business.

KP
Do your homework, follow the footprints of smart money
During the week, I will be looking for the appropriate time to trade EURJPY and USDJPY to the upside. The two pairs met the criteria I use weekly to scan and analyse the the pairs to track and trade during the week. All the technicals I use point to further northward move of the two pairs.

KP
Do your homework, follow the footprints of smart money
How about GJ ?
Quoting todor113
How about GJ ?
I traded GJ last week but I did not select it for my analysis this week. Trade safe.

KP
Do your homework, follow the footprints of smart money
I trade better now!

Success is easy. Forex easy.

Trade better, better success, too!
Maadik Hugiis. IQ 69.
Quoting KeenPips
During the week, I will be looking for the appropriate time to trade EURJPY and USDJPY to the upside. The two pairs met the criteria I use weekly to scan and analyse the the pairs to track and trade during the week. All the technicals I use point to further northward move of the two pairs. KP
You can get details of my technical analysis on these pairs by checking weekly technical outlook.


KP
Do your homework, follow the footprints of smart money
I have just completed my weekly scan and analysis of the pairs on my watch list. I will look for the auspicious time during the week to trade AUDUSD and USDJPY southwards as I have a bearish outlook on them for much of the week.


KP
Do your homework, follow the footprints of smart money
Becoming more patient is key to the progress I made as a trader this year. Learning to wait patiently and track the market and confirm price action in a top-down regime has been crucial to the progress I made since March this year when I blew one of my live accounts.

KP
Do your homework, follow the footprints of smart money
This week I will look to trading the USDJPY to the upside, while I am bearish on the GBPUSD. This view should be understood in the context of my trading style: I am a swing trader, not a scalper.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
This week, I opened a demo account primarily to test my strategy on gold. Although the longer term trend is downwards, gold is atm on an upside move. Meanwhile, it is retracing towards an inner trendline on the 4H time frame.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GOLD_Update_4H_January_5,_2017.png Size: 22 KB
Do your homework, follow the footprints of smart money
During the week, I will look to trading USDJPY, GBPCAD and GBPUSD as they met my criteria for short-term swing trading. While I will wait for further clarity of price action on USDJPY, I will look to shorting the GBPCAD and GBPUSD at identified areas as all the technicals on the HTFs syncronise for further bearish drive.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
Just for Sharing

Timing your trade entry is a key part of trading discipline. No matter how good a set-up is, if the timing is wrong you may end up having a losing trade. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
I will be looking for the opportunity to trade USDJPY southwards during the week because all technical factors in my system dispose bearish. For example, on the 4H time frame, price action is at a significant S/R zone and a rejection of the zone to the downside to respect the descending channel (navy colour) is likely. There is the possibility that price action will pursue a southwards drive thereafter as a significant moving average I use has been acting as a dynamic resistance for the past two weeks.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_Top-Down_Analysis_4H_Jan._22,_2017.png Size: 35 KB
Do your homework, follow the footprints of smart money
Quoting KeenPips
I will be looking for the opportunity to trade USDJPY southwards during the week because all technical factors in my system dispose bearish. For example, on the 4H time frame, price action is at a significant S/R zone and a rejection of the zone to the downside to respect the descending channel (navy colour) is likely. There is the possibility that price action will pursue a southwards drive thereafter as a significant moving average I use has been acting as a dynamic resistance for the past two weeks. KP USDJPY_Top-Down_Analysis_4H_Jan._22,_2017.png;2150630...
For me to make the most of the price action and take advantage of the descending channel pattern, I will wait for price action to retrace to between 50 and 61.8 Fib levels to short the pair.

KP
Do your homework, follow the footprints of smart money
I set a sell limit order for gold at 61.8 Fib area on the 4H time frame, my set-up time frame. However, upon looking at the 1H time frame I found that the price action has kissed a retrace at 32.8 Fib near the weekly pivot and moved southwards. I will leave my sell limit order where I placed it, no chasing the market.

KP
Do your homework, follow the footprints of smart money
Just Sharing

It is important to review trades taken within a 24-hour cycle if you are an intraday trader. If you are a swing trader, it is beneficial to review each trade as soon as it has ended, at least before you take the next trade.

KP
Do your homework, follow the footprints of smart money
What has changed recently in the way I analyse the market is that I now incorporate market mode in my analysis and set trade scenarios that consider both the market mode and the market direction.

KP
Do your homework, follow the footprints of smart money
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