Trading 101

You are promoting a book. You need to be categorized as a commercial member.

It is not my book, and I am just helping and informing others free. Why you think I categorized as commercial member. Am I selling anything here?

You just posted a video that is selling his books.

I have watched the video, he informed traders what is going on with real professional trading world. I have latest edition of this book, if anyone wants I can share here.

I do believe that is good book, I also know many people will not like the book. They like TDI etc

Look at this simple chart, why you try to buy here,
If I buy in this low and lose money, I will tell myself an idiot.

Some of the idiots are just don't understand Technical and Nor they understand Fundamentals.
They understand one think, they will become millionaire and billionaire.


If you tell them to use MA, They will start acting smart, Like - MA is lagging indicator, Truth is they can't outperform MA.
They will tell you, use Pivot, this level that level,
Their account will show what levels they belong.

MOVING AVERAGES

If you want to really understand the tools you are using and how they will react to extreme situations, it helps to understand how they will react in the most simple, basic contexts as well. Of course, everyone grasps the basics of moving averages: add higher prices and the average will go up. When price flattens out, the average eventually will flatten, too. When price turns down, it will cut through the moving average, and, at some point, it will start pulling the average down with it. This is all simple, but it is not the point. The point is to build an intuitive and intimate understanding of the behavior of the average as it responds to changing market data. One of the best ways I have found to foster this intuition with any technical tool is to generate simple price patterns in artificial price series, and then to plot the indicator on this synthetic price data. (Nearly all charting packages allow users to import ASCII data, but if this is not possible, the indicator may be calculated directly in an Excel spreadsheet and graphed there.) Think of this as a controlled laboratory experiment: you are controlling the data that is fed to the indicator so you can begin to understand the details of the indicator’s reactions to that data. This process, along with careful thought and reflection, will build an understanding that goes beyond a simple understanding of the patterns on the screen. The charts that follow are examples of this process. There is value in these specific examples, but it is even more important that you can take the procedure and adapt it to your own use. These examples show both 20-period simple moving averages (SMAs) and exponential moving averages (EMAs) to compare their behavior and fluctuations. The formulas required to build these indicators are already available from many books or the Internet, so they will not be a focus in this chapter, but you must have a clear conceptual understanding of the behavioral differences between the two. The simple moving average simply averages the price over a look-back window. It is completely blind to any data outside of that window, which creates the first potential issue: a simple moving average moves twice in reaction to any single large event. The value of the moving average has a change both when the event occurs and when it passes out of the left side of the evaluation window. The EMA is a considerably more complex animal. Recent data are weighted more heavily in an EMA, and, technically, no data points are ever dropped from the average. Rather than being dropped, past data is rolled off with an exponential decay. In actual practice, the effect of distant past data far out of the evaluation period of the average is so small that it is insignificant, but it is still there. It is important to realize, though, that this effect smoothes the left-hand side of the evaluation window—an EMA will not jump twice as a simple moving average will. This is one of the main advantages of the EMA over the SMA.

German state leaders warn that hospitals could soon be swamped
Adding that a new lockdown might be needed unless urgent action is taken to reverse the recent surge in cases.Germany reported 37,120 new COVID-19 cases today, a second straight day that it marked the highest daily count since the pandemic started last year.

My Audusd daily chart swing trade still running. I am hopeful that I will have first tp hit soon.
I don't know how many of you bother to follow my trade

DX at resistance. Keep an eye. How it moves form here.

GU at support

5 pips stop and 15 pips tp.

IMO: Best way to make profit from NFP is not trading NFP.

I open trade in H4 chart, I did not look LTF, Probably I would not open this sell if I see H1 candle.

traded the swissy for some cash

started buying (based on weekly)

long GA as well (weekly)

Hi Giedrius, how are you? are you trading M15?

GU in the level, very good trade. how much is your stop

I was aware of this level but I did not buy.

Hi pips,
I think your EU trade will go 1.16 level.

I did noy enter EU or GU

I can see a false break, it could be a nice CT trade. I assume.
I don't buy because of over all fundamentals context.
Now seems like US yield is moving lower. It seems usd not that strong. Next week we can understand more. gold is moving up too.

Over all eu is down,