Currency Trading is just really the largest "money game" on the Planet - played by loads of all different people and organisations around the World.
We have really 2 main sections - you could say "them and us" - with us being part of the retail section or community - ie individuals - not working for Banks or Hedge Funds, commercial organisations etc - but instead just for ourselves. "We" only account for approximately 5 to 8% of the total FX market - whereas just 5 very large banks account f
This analysis was previously posted by the Forexmospherians for seven consecutive years as "JBCB for 13 Currency Pairs" at FXstreet/ Forexstreet but will only be posted on this site with the addition of further pairs which now totals 31 Forex Pairs.
ForeXmospherian Currency Kraken | 31 Currency Pairs | Multiple Time Frames | Market Alerts |
Any Currency Pair in any given Time Frame will complete a Lifecycle, the cycle could therefore be Bull, Bull NTZ, Bear, Bear NTZ, Pos, Pos NTZ, Neg, Neg
Share a Trading Tip, Trick, Knowledge or Technique with the Community. Try to avoid just simply posting a link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes things are simply entertaining but still useful and so explain in detail with diagrams, photos or charts. Descriptions with as many details are always interesting to read and so say what could be useful to know here. Community members are welcome to comment, ask questions or add to a post.
"Keep a Record of the Business or Currency Pair Traded. Reasons why the Trade was taken. When was the Exit. How and why the Trade turned out the way it did"
"It's my pleasure to be part of this forum, which is always different than other places & with a friendly environment. Glad to be in this team"
"Yes, the truth requires neither our belief nor understanding. However to harness truth and apply it for our benefit we must at a minimum allow that it is possible".
"We all know we will never be 100% Accurate with 100% win rate over 100's or 1000's of trades - but as long as your winning pips and money - add up to a lot more than your losing pips and money - then "Bingo" you are successful winning FX trader"
"I figured this was a legitimate break, so I went on the hunt for evidence, so here in succession is the list of clues I used to make my decision:
Rejection of market and weekly pivot at ema confluence.
Complete and broken head and shoulders on 1hr time frame.
Broadening formation on daily with test and rejection of 200 day ma
Bull hinge on daily and Renko stochastic.
Positive momentum on 5min, 1hr, 4hr and daily chart"
"Remember that all models are wrong; the practical question is how wrong do they have to be to not be useful" - George E. P. Box
"Sometimes You Win,
Sometimes you Learn".
"Forex Market analysis relies on two types of analysis much like Stock Markets:
Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more."
"Short rapid bursts and quick glimpses of an entry, trigger activated, trail in place and exit strategy and plan already set. Within a blink of an eye, instinctively the buy/sell button is pushed. The hammer falls and clanks decisively, echoing, sparking, like steel upon steel and the trade is executed. A Traders heart beats on with perfect set up, closely aligned with strict parameters, ready to continue the attack or recoil on a wire. Wrap the profit and then stand down, ready for the next hunt"
"When we are talking about sentiment it is very hard to say that this sentiment will prevail another 6, 9, 13 hours. Sentiment is not a constant line. Main trend is bearish, tech picture on daily is bearish, even intraday neutral. Nobody restrict to play long eur short usd position with the target at 1.12 or even 1.1361, this is every traders individual choice as always"
