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The Strength of USD

  • #41
  • Nov 8, 2017 5:29am Nov 8, 2017 5:29am
Quoting 4for4
Targeting 115.10 in JPY ...
[Wed, 08-Nov-2017 12:45:03 MT4]
Buy JPY @ 113.64 —> 113.52 / 115.10 ...
Market is not random but unpredictable
  • #42
  • Nov 8, 2017 6:36am Nov 8, 2017 6:36am
Quoting 4for4
{quote} [Wed, 08-Nov-2017 12:45:03 MT4] Buy JPY @ 113.64 —> 113.52 / 115.10 ...
Closed on [08-Nov-2017 13:34:40 MT4] = -12 pips ...
Market is not random but unpredictable
  • #43
  • Nov 8, 2017 6:39am Nov 8, 2017 6:39am
Quoting 4for4
“Strong” downswing in GBP toward 1.2812? ... Waiting for a correction before selling with 1.3324 as the cancellation level ...
[Wed, 08-Nov-2017 14:13:38 MT4]
Sell GBP @ 1.31032 —> 1.3181 / 1.2812 ...
Market is not random but unpredictable
  • #44
  • Nov 8, 2017 7:18am Nov 8, 2017 7:18am
Quoting Kyg
I believe in further strengthening of the USD. I have a deal GBP / USD long. The upward trend continues: long GBP / USD {image}
Why would you buy GU if you believe in further strengthening of the USD? You should know that you get less US$ for your £ if you have a strong US$.

The XY pairing always tells you how much Y you get for 1 X. Stronger X / weaker Y -> You get more Y for 1 X. Weaker X / stronger Y -> You get less Y for 1 X.
  • #45
  • Nov 10, 2017 6:34am Nov 10, 2017 6:34am
Quoting 4for4
{quote} [Wed, 08-Nov-2017 14:13:38 MT4] Sell GBP @ 1.31032 —> 1.3181 / 1.2812 ...
Closed on [10-Nov-2017 14:10:21 MT4] = -77.8 pips ...
Market is not random but unpredictable
  • #46
  • Nov 13, 2017 3:00am Nov 13, 2017 3:00am
Targeting GBP @ 1.2812 again ...
Waiting for a correction first before selling with 1.3233 as the cancellation level ...
Market is not random but unpredictable
  • #47
  • Nov 16, 2017 7:31pm Nov 16, 2017 7:31pm
Quoting 4for4
Targeting GBP @ 1.2812 again ... Waiting for a correction first before selling with 1.3233 as the cancellation level ...
Canceling the sell attempt for now ...
Market is not random but unpredictable
  • #48
  • Nov 22, 2017 9:14pm Nov 22, 2017 9:14pm
[Thu, 23-Nov-2017 02:48:38 MT4]
Buy JPY @ 111.11 —> 110.11 / 112.75 ...
Market is not random but unpredictable
  • #49
  • Nov 23, 2017 6:44pm Nov 23, 2017 6:44pm
Quoting 4for4
[Thu, 23-Nov-2017 02:48:38 MT4] Buy JPY @ 111.11 —> 110.11 / 112.75 ...
Changed SL:
Buy JPY @ 111.11 —> 111.05 / 112.75 ...
Market is not random but unpredictable
  • #50
  • Nov 27, 2017 2:35am Nov 27, 2017 2:35am
Quoting 4for4
{quote} Changed SL: Buy JPY @ 111.11 —> 111.05 / 112.75 ...
Changed TP:
Buy JPY @ 111.11 —> 111.05 / 111.72 ...
Market is not random but unpredictable
  • #51
  • Nov 27, 2017 7:16am Nov 27, 2017 7:16am
Quoting 4for4
{quote} Changed TP: Buy JPY @ 111.11 —> 111.05 / 111.72 ...
Buy JPY @ 111.11 —> 111.05 / 111.72 = -6 pips ...
Market is not random but unpredictable
  • #52
  • Dec 1, 2017 12:18am Dec 1, 2017 12:18am
Waiting for Gold to make an upward correction before selling with TP = 1263 ...
Will abandon the attempt if the market reaches 1300 or TP first ...
Market is not random but unpredictable
  • #53
  • Dec 4, 2017 4:25am Dec 4, 2017 4:25am
Quoting 4for4
Waiting for Gold to make an upward correction before selling with TP = 1263 ... Will abandon the attempt if the market reaches 1300 or TP first ...
[Mon, 04-Dec-2017 10:07:09 MT4]
Sell Gold @ 1271 —> 1290 / 1263 ...
Market is not random but unpredictable
  • #54
  • Dec 5, 2017 8:10am Dec 5, 2017 8:10am
Quoting 4for4
{quote} [Mon, 04-Dec-2017 10:07:09 MT4] Sell Gold @ 1271 —> 1290 / 1263 ...
Changed SL:
Sell Gold @ 1271 —> 1278 / 1263 ...
Market is not random but unpredictable
  • #55
  • Edited 6:31pm Dec 5, 2017 5:36pm | Edited 6:31pm
Quoting 4for4
{quote} Changed SL: Sell Gold @ 1271 —> 1278 / 1263 ...
Closed on [05-Dec-2017 18:41:51 MT4] = +80 pips ...
Market is not random but unpredictable
  • #56
  • Dec 5, 2017 9:04pm Dec 5, 2017 9:04pm
*** the difference between trading strategy and trading system ***

A trading strategy usually consists of:
1. One or more trading systems, which could be fundamental-based and/or technical-based (patterns and/or indicators) ...
2. Some commonly known methodologies, for example, on/off-swing, 2nd-chances, break high/low of previous candle, pyramiding ...
Market is not random but unpredictable
  • #57
  • Edited Dec 6, 2017 1:39am Dec 5, 2017 9:25pm | Edited Dec 6, 2017 1:39am
Waiting for an upward correction in EUR before selling to 1.1711 as TP ...
Will abandon the attempt if 1.1944 or TP is reached first ...
Market is not random but unpredictable
  • #58
  • Dec 7, 2017 7:55pm Dec 7, 2017 7:55pm
Waiting for a downward correction in GBP before buying to 1.3548 as TP ...
Will abandon the buy-attempt if 1.3318 or TP is reached first ...
Market is not random but unpredictable
  • #59
  • Dec 8, 2017 9:01am Dec 8, 2017 9:01am
Having losing trades doesn’t necessarily mean that the trading strategy is wrong ... It just means that no trading strategy is “perfect”, i.e., having a 100% or 0% chance of success ...
Most well-known trading systems usually start off at 50/50 chance ... It’s our job as traders to make the ones we “like” to go up to about 70% in the long run ...
Market is not random but unpredictable
  • #60
  • Dec 9, 2017 5:37am Dec 9, 2017 5:37am
*** Random and Unpredictable Market ***

If something is random, then it surely is unpredictable ...
The casino games are random as the next outcome is independent of the previous outcomes. But the forex market is not ...
The price itself is random as we can never pinpoint where it will be sometime in the future. But using the historical recurring patterns and/or indicators, we can measure statistically how the market behaved and how far the price usually went afterward ... thus it’s “playable” ...
Market is not random but unpredictable
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