There is probably an issue with photo posts as they do not display in activity feed, so I will use this blog for that purpose ;)
I entered two trades today on GBPCAD and AUDCAD. The plan was to cover some previous days loosing trades and so I cashed in too early.
GBPCAD - long
AUDCAD - long
If you want to know more about the strategy used, you have to sign in and talk to any forexmospherian =)
Regards,…
Trading in a place called ForexLand
The Rabbit hole of thinking and raising Trading awareness with Market savvy can be explained away in a wide range of intricate FX scenarios. Luckily though and just a short hop away are some interesting Forex facts along with a short punchy story to share. Which should not go beyond the scope of reasonable thinking for some FX folk. After all, other folk can and will make life and Foreign Exchange trading as technical and or as complicated as they like.
If you consider…
Dead Cat Bounce.
Hello guys,
It is a great feeling to be back here with the best traders. It was a busy semester for me, no time for trading, so glad I can spend more time around this great place with all of you now.
I would like to show you some (for me interesting) findings, I have made with an artificial market which I have worked on as a semestral project. The main goal was to find out under what circumstances can a market crash appear, but this is not what I will talk about in this blog post.
I think it is not…
THE WRATH OF THE BRITISH KAMIKAZE
In posting this Forex blog I must say that I am practicing what I preach so to speak and letting go of a trade on this currency pair that I missed. Also reiterating the reason we are here at Forexmospherians is to help eachother and improve ourselves by sharing ideas and trades, the good ones or bad ones. So here is a recent trade showing my approach and outcome of how I eventually left it. I feel certain its a regular set of circumstances which can be shared as a trading tip and will explain the conditions and the lessons to be learned.
Firstly, I consider…
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"
