PART 1
Are you tired and exhausted of finding a strategy that works, are you tired of predicting forex markets only to find out sometimes it works and sometimes it doesn't.
First of all, you have to see what are your beliefs and you need to verify if you have right beliefs. Many traders think that forex trading is not gambling and to make money from forex you...
What is the best way to make money on gambling? Own a casino.
- Casinos operate as a business.
- Casino have table limits to manege and their customers are likely to risk it all.
- Casinos have a mathematical edge, and gamblers are at a disadvantage.
- Casino has no ego or emotion, but gamblers do.
Now what give us a trading Edge:
.Trends
.Support and...
We now know that supply and demand are fundamental driver of price.
Now lets look it into simple context to better understand how supply exceeds demand.
Simple Trading Strategy > 10/20 SMA > Basic Education
Chart: EURUSD
Timeframe: Any
Indicators: 10 SMA / 20 SMA
10 SMA = Faster
20 SMA = Slower
If 10 SMA crosses 20 SMA to the downside = downtrend probable
IF 10 SMA crosses 20 SMA to the upside = uptrend probable
Very basic only ... be aware of false breaks/breaches, etc. This is a very simple strategy which...
Identifying Upward Trendline > Basic Education
Chart: EURUSD
Upward Trendline identification w/Trend Reversal signal
Details in chart
Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
A beautiful reverse pattern in the EURUSD invites to a short trade.
What are the signs for a short?
perfect evening star formation
CCI turns again below 100
overdue correction
changing monetary policy
How could a trade look like?
There are several possibilities.
Short-term trade: Entry immediately, SL at 1.1979 and TP at 1.1718
Medium to long-term...
When you analyse charts, what picture do you see? Is this the type of a candle or the position of a moving average?Perhaps you prefer Fibonacci analysis alone? But are these techniques explain what really happens on the market and could truly predict what is going to occur?
Today we would like to show the true nature of every single chart and how forecast might...
EURUSD is adhering or responding to the Fibonacci levels all most all of the times. When trader wants to ride the trend this much information is enough to enter and exit trades. We are not trying to forecast the direction or the top/bottom. We are trying to identify important zones in which price may turn in Future.
Price patterns like double top or bottoms...
TECHNICALS --
WEEK - up trend following trendline A
DAY - Respecting trendline A - looking for upward movement
4 HR - Upward movement already happened -- waiting for pull back
Bias - lookin for buy, but waiting for pullback.
FUNDAMENTALS --
3:00a EUR ECB President Draghi Speaks
4:30am GBP BOE Financial Stability Report
5:00am GBP BOE Gov...
The line graph is EUR/USD & Candles USD/CHF
This is a common pair that traders say is inversely correlated...
Is there correlation between economies? Is it because of USD's part?
Will correlation make you the good R/R trades or structure?
Is there a way to trade the correlation (if any) effectively?
Draw your own conclusions & have a good weekend!
As you can see "Magical" SR levels work every time. Support/Resistance (SR) Levels and Zones are very important for all traders. Basically, you can expect that on specific levels price will stop remain for some time or bounce off. This help up define Risk to Reward Ratio. I know few methods how to mark SR. But I have found that this method is the best to define SR...
It's always refreshing to hear from some of the trading greats that have made a killing on the markets.
Here are ten quotes that'll make you think twice:
"Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros
Soros cemented his position as a trading legend when he banked billions by shorting the British...
You are a Human. This is good.
You are capable of making complex decisions. You can identify patterns. You can enter excellent trades.
This is also bad. Between your ears is a narcotics factory that will put Heisenberg's mobile meth lab to shame.
You've entered a trade. This is it. The BIG one. A one-way ticket to infinite infinity pools.
Adrenaline ...
Determining the strength of the fresh zones.
Every time the trend changes direction, it is because of a change in the balance of supply and demand, but to use this to our advantage we need to know the likelihood of that imbalance being there the next time price returns to that zone. Supply and demand zones are similar to support and resistance lines in that...
