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Breakout London Timeframe

  • #2,481
  • May 29, 2018 1:15am May 29, 2018 1:15am
Quoting Monokl
GBPCAD H4 timeframe. short {image}
GBPCAD

short it

almost hit the fortress...
Attached Image (click to enlarge)
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  • #2,482
  • May 29, 2018 1:20am May 29, 2018 1:20am
GBPJPY

another exposure on GBP...

due to unforeseen on the political GBP, short heavily aginst JPY ..

remember today liquidity back to GBP now...

see the market goes later when NY session begin
Attached Image (click to enlarge)
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  • #2,483
  • May 29, 2018 1:25am May 29, 2018 1:25am
Quoting Monokl
{quote} NZDUSD dow the price favor to my side now... almost 1 to 1... this is one of my entry technique... m5 scalping .. aiming to 4x profit for today. {image}
NZDUSD

WEEKLy timeframe.

my bearish moment still in my mind.

my posiition already trim a lot, now left small position to sustain the bear movement.

generally, I see NZD still in bearish, assume there will be some changing on monetary policy for NZD coming soon.
Attached Image (click to enlarge)
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  • #2,484
  • May 29, 2018 5:34am May 29, 2018 5:34am
Quoting Monokl
GBPJPY another exposure on GBP... due to unforeseen on the political GBP, short heavily aginst JPY .. remember today liquidity back to GBP now... see the market goes later when NY session begin {image}
GBPJPY

DAILY Timeframe.

just can't believe it!

the bull come back and fight the bear...

it's totally like a big vacuum sucks all the orders below 1.45 and come back to home now!!

What shall I do next? plz ....
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  • #2,485
  • May 29, 2018 5:52am May 29, 2018 5:52am
EURUSD

now we are clearly have 2 zone ...

this is my bias.

example, any in bear zone, whereby the bear will be stronger and we can have higher opportunity to short..same to bull zone.

see how the price react to the support line.

we can be contrarian trader if you wana.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 50 KB
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  • #2,486
  • Jun 13, 2018 6:51am Jun 13, 2018 6:51am
how is everyone?

Any great opportunity to share?
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  • #2,487
  • Jun 13, 2018 6:53am Jun 13, 2018 6:53am
USDJPY

I just short this pair from top.

I guess, the USD will drop to 110 towards today FOMC meeting.

Market will tell you soon.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.jpg Size: 771 KB
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  • #2,488
  • Jun 13, 2018 7:00am Jun 13, 2018 7:00am
Quoting Monokl
{quote} EURCHF as per my assumption yesterday, the price back to my focus....(BLUE AREA) GET READY TO PUMP AND DUMP MORE!!! {image}
EURCHF

this pair is the only survivor from last month till now.

I just short it...
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFDaily.jpg Size: 965 KB
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  • #2,489
  • Jun 13, 2018 8:07am Jun 13, 2018 8:07am
U.S., Mexico and Canada to host 2026 World Cup
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  • #2,490
  • Jun 13, 2018 8:12am Jun 13, 2018 8:12am
U.S. stocks were flat on Wednesday ahead of the Federal Reserve’s policy announcement, while media shares got a boost from a court approval for AT&T’s $85 billion takeover of Time Warner.
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  • #2,491
  • Jun 13, 2018 8:19am Jun 13, 2018 8:19am
Interest rate looks like up to 2% from 1.75%

any difference of it, USD will give superb volatility..

Anyone have reuters data prediction?
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  • #2,492
  • Jun 14, 2018 7:45am Jun 14, 2018 7:45am
Be cautious whenever you hear or read these claims:

RED ALERT!

• “Whether the market moves up or down in the currency market, you will make a profit.”
• “Make $1,000 per week, every week.”
• “We are outperforming 90 percent of domestic investments.”
• “The main advantage of the forex markets is that there is no bear market.”
• “We guarantee you will make at least a 30 to 40 percent rate of return within two months.”

You should be careful anytime someone promises you extremely high performance. Usually these claims are false.
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  • #2,493
  • Jun 14, 2018 8:34am Jun 14, 2018 8:34am
While it remains true that each market day is different from any other, but we can still broadly classify market movements into the following two commonly observed categories:

1. Trending markets, and

2. Ranging — or range bound — markets.
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  • #2,494
  • Jun 14, 2018 8:40am Jun 14, 2018 8:40am
Trending markets

Trending markets are characterised by prices that keep moving in one direction for a significant length of time. When the price keeps moving higher, we call it an uptrend, while if the price keeps moving lower, it is called a downtrend.

In an uptrend, prices move in such a way that every price high is higher than the previous price high, and each price low is also higher than the previous low. The reverse happens in a downtrend. The prices form both lower highs and lower lows in a downtrend.
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  • #2,495
  • Jun 14, 2018 8:44am Jun 14, 2018 8:44am
Ranging — or range bound — markets.

The price movement in a ranging market typically forms two horizontal boundaries some distance apart, and the price may rise and fall within the two boundaries and thus stay rangebound instead of making any directional moves. You will be able to see this with greater clarity after the formation of at least two equal highs, or two equal lows.
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  • #2,496
  • Jun 14, 2018 8:54am Jun 14, 2018 8:54am
Don’t Open an Account if You Can’t Check a Firm’s Background

Any firm that won’t give you enough information to check its background is probably a fraudulent operator.
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  • #2,497
  • Jun 14, 2018 9:19am Jun 14, 2018 9:19am
share one of the most important watch list!


Trading Time: 4:30 A.M. ET, 8:30 GMT: UK Economic Releases
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  • #2,498
  • Jun 17, 2018 10:45pm Jun 17, 2018 10:45pm
" The moral is you have to know your net exposure comfort zone" - Jack Schwager
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  • #2,499
  • Jun 18, 2018 7:04am Jun 18, 2018 7:04am
KEY TO SUCCESS AS A TRADER: PRESERVE YOUR CAPITAL

Capital preservation is the key to trading success at all levels, from the small individual
trader to the sophisticated large hedge fund manager, and it must be goal number one.
Without sufficient capital, a player cannot participate in the markets.
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  • #2,500
  • Jun 18, 2018 7:12am Jun 18, 2018 7:12am
MONEY MANAGEMENT RULES

Some simple guidelines may help keep you in the game long enough to learn winning
ways. Breaking even is okay, too. hope to bring value in here!!

• Go slow & Be patient. If you are new to trading, start out with one of the paper-trading demo
accounts offered by most brokerage firms. Get a feel for the mechanics of
trading and for how the markets operate. Ont he FOREX Forum you will see a lot of trading ideas posted by a wide range of traders 24 hours a day when the markets are open. You will also see a wide
range of trading styles. Pick some posters you like and follow their trading ideas
and how they make their decisions. Don’t look for them to tell you what to do. In
the end, it’s YOUR decision how to manage your money, not theirs. Develop
your own trading approach as quickly as possible.

• Start out with a mini-account or even micro-account. Trading with real money is a lot different than
paper trading. Try it out for real account. Forget the dollar value of your profit/loss (P/L). Trade for pips. You can always increase your leverage later. In the ideal case, you might be able to fund a full-sized
account with the profits from your mini. Take your time!

• Expect to have many losing trades. They come with the territory in FOREX
trading. If you talk to some of the professionals in the big institutions who have
survived for many decades, the best will tell you that the markets have taught
them humility. Most will say that they would be happy to be correct 51 percent
of the time. They will also tell you that, given the global scope of the markets,
things often happen that surprise even the most experienced participants.

• Have the strength of your convictions, but don’t be stubborn. If you find it
hard to admit when you are wrong, then you might not be suited for trading.
However, flip-floppers have a hard time as well. Do your preparation for a
trade. Have the strength of your convictions but don’t get married to an idea that
is not working for the reasons you thought it would.

• Avoid the myth of diversification. Some currency pairs are highly correlated to
others. These correlations tend to change over time, though. Check out the
correlations before diversifying your portfolio of positions, or you could find
that there is more risk in your position portfolio than you thought.

• Don’t overtrade,

• When in doubt, stay out.

• Trade with the trend, not against it, especially when momentum is
accelerating. Retail traders often prefer to play extremes of ranges rather than
trading breakouts. So, when trading against the trend, be quick to take your
profits (or losses).

• Use positive risk/reward objectives. The expected gain from a trade should be
two to three times the amount you figure you might lose.
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