Forex trading strategy with AUD/USD release Feb 28,2014Sell stop : 0.8933Stop loss: 0.8980Take Profit: 0.8820forex trading busin...
Thursday, March 31, 2016
Isnt hassle free profit from the forex market all we want ? Definitely the goal of every person that starts to look for an expert advisor - or most at least - is to find a trading system they can simply "set and forget", a trading system that just collects money from the market in a consistent manner with minimal or limited draw down. A "holy grail", so to speak. However, it becomes obvious after a while of being in this business that if it is too good to be true it probably is and that no trading system can provide the owner with profit without...
Wednesday, March 30, 2016
Market Analysis of the 31st of August 2015 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1Click on the Menu on "Market Analysis" for all the analysis.EUR/USD: Maybe end of a cycle of 5 waves. Price now in the alligator so prudence.GBP/USD: Nice break down, price has cleared some levels, we can look for shorts but with prudence.USD/JPY: Huge move down followed by a pull back, new wave 3 down, we can look for shorts.USD/CHF: Chart is still sideways. Price inside the...
Perhaps the most difficult aspect of forex trading is the fact that loses happen and they constitute a vital and necessary aspect of the trading experience. During various posts I have talked about the nature of loses in forex trading, their origin and their need as limiting factors of the massive exploitation of mechanical trading strategies. Today I want to talk to you about a more personal aspect of loses and the way in which I deal with draw...
When I started my journey in automated trading it was only a while before I asked myself a very important question : Why doesnt everyone live from automated trading if it is so profitable ? I bet many of you have asked yourselves the same question and you havent found any answer that clearly tells you why every average Joe out there who knows about expert advisors isnt living from them. I used to have several long discussion with fellow traders and their usual answer - before I started living from these systems - was "they just dont work". Clearly...
This video is my gold trading strategy released February 4, 2015. I predict gold prices will fall in the medium term - target 1238 USD/oz. Trading strategy as follows:Sell limit: 1265 or 1269.50Stop loss: 1274.80Take Profit: 1245.50 or 1238.30.As a result I predicted correctly. Watch the video below to see I have predicted how.forex trading tutor...
Trade of the week: USD/CHF H1: 8-10 December: +8% Profit (+240 pips)For more details and examples of trade, click "Examples of Trade" in the menuWe had a huge wave 3 and we expect now the wave 5. On the 8th of december, at Francfort Open, we have a setup, sleeping alligator and tight box (25 pips), we place a pending order which is triggered, the price is going down slowly forming a new box and we place another pending order (initial stop loss: 35 pisp). The order is triggered and the prices is going down progressively, we exit on the...
Tuesday, March 29, 2016
A few weeks ago I gave my almost one year old ebook a new read-through to check the validity and relevance of its content and to see if there were any improvements I could do. After reading the ebook and looking at how my vision through last year has evolved I realized that many changes and additions are due. Although the contents of the ebook right now are very valid and do point traders in the right direction in automated trading I feel that a lot of depth - particularly pertaining to system design - is currently missing from its contents. Of...
It is the magic of Elliott Wave Theory .What is the price of gold has completed waves 3 of rally .I am waiting for gold prices to adjust somewhere around 38.2 Fibonaci , corresponding rates in price 1390 usd/oz .I will implement the campaign buy at that price with 5% account .The limit my losses are prices 1370 usd/oz !If my comments properly, I will continue to buy at a price of 1410 usd/ oz - 10% account .The goal of our expectations that...
H4 Bollinger Band StrategyTools : Bollinger Bands(20)TimeFrame : H4Currency : ALLThis strategy is extremely simple and I use it to detect opportunities and it is very good.If you open an H4 EUR/JPY chart and you insert the Bollinger Bands(20) indicator, if you observe the chart you will see that the bands are simply a Resistance and Support. The Upper band is a Resistance and the Lower Band is a Support. If you pay attention to the chart you will see that most of time the price hit the upper band then it retraces back to Lower Band,...
If you have been following my blog for a while you might be aware of the Watukushay project, an initiative which gathers my efforts around the well-documented development of likely long term profitable systems. The last EA of this series was Teyacanani and today I am happy to introduce the next member of this family of what I think are well-crafted, sound trading systems with reliable simulations and very good possibilities of achieving long term...
Market Analysis of the 11th of January 2016 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1Click on the Menu on "Market Analysis" for all the analysis.Daily Charts: Most of the paires have a clear trendEUR/USD: We have no trend, be patient.GBP/USD: Impulsive wave down, look for short.USD/JPY: Impulsive wave down (wave 5?), look for short.USD/CHF: We have no trend, be patient.AUD/USD: Impulsive wave down (probably wave 5), look for short.EUR/JPY: Impulsive wave...
Very Simple system - simply look for 1 of 2 candle formations at or near the bollinger band (in this case the default 20)You are looking for either 3 consecutive bulish candles for a buy, 3 consecutive bearish candles for a sell - thats it!!! - 3 white soldiers / 3 black crows formationsThings to note. On the larger moves, the price WILL retrace. Best thing to do in this situation is when you see this happen (typically 1 or 2 candles in the opposing...
Definitely most traders will agree with me in that renko charts (also known as fixed range charts) are one of the best tools for trading, eliminating most of the "noise" around the market and giving us a very clean picture of pivots and support and resistance levels. Renko charts "even out the blur" by displaying a new bar only when a movement of a fixed set of pips has happened. As you may see on the image shown below - an example of a renko chart...
Monday, March 28, 2016
If you look at my last few weeks of posts I have been very excited about the new qualities of the Metatrader 5 trading platform and the benefits it brings to system development regarding faster execution, faster optimization and added flexibility. Using my prototype implementation of Watukushay FE I analyzed trading over several different instruments and I finally came up with the "starting point" of intra-currency trading for this well-known freely...
What is Forex Trading ?Forex Trading IntroductionForex (Forex) is an acronym for foreign currency exchange.Forex Trading (Forex Trading) refers to purchases and sales of currencies or currency trade.Forex currency trading market, refers to the global market.The trade in this market is the currency of different countries.Forex trading via the Internet in the modern era is even.How to Sell on the Internet is krydu currency.To know in detail about this...
On yesterdays article - which was part No.1 of this post - we talked about the definition of liquidity and the implications of high and low liquidity levels on the forex market. Today we are going to give an in-depth look to liquidity in the forex market, particularly I will talk about recent literature in economics dealing with the evaluation of liquidity on several different currency pairs and what we can conclude and use from this analysis. After...
SAFE AND SECURE Trading Expert AdviserFxtradewar Evenpro (v1.2) Expert Advisor , has been created by the **Fx Tradewar**.FxtTradewar Evenpro is a new EA that I particularly like. Evenpro is a safe and secure Trading Robot.Our EAs can get 60% to 100% profit what ever the amount invested and the most imporatant aspect of our EAs Drawdown which can not be more than 15% in worst case scanerio. For more information visit our site or contact us.May...
Market Analysis of the 18th of January 2016 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1Click on the Menu on "Market Analysis" for all the analysis.Daily Charts: We have some nice clear trendsEUR/USD: We have no trend, be patient.GBP/USD: Impulsive wave down, look for short.USD/JPY: Impulsive wave down (wave 5?), look for short.USD/CHF: We have no trend, be patient.AUD/USD: Wave 5 down, look for short.EUR/JPY: Wave 3 down, look for short.USD/CAD: Big wave...
Sunday, March 27, 2016
Gold did break through key resistance level of 1394 opens the possibility of reduced 1350.The beginning this week, the Asian session was the opening price gap (1393.75) closed the week lower price (1395.7) which helps to quickly pass rates in 1394 and just 15 minutes to the opening price on the 1375 .Currently, gold prices are being revised up.As I said, the price level in 1375 is not the destination of the gold. I expect gold will drop deeper in...
Yes, it is true. We all want to find a profitable trading system that produces money in the long term and we get easily excited with anything that might look promising. This is especially dangerous for new traders as most of them still dont have the ability to recognize the potential of a trading strategy or the actual defects that will make it very hard to trade or simply impossible to succeed with in the long term. Some people new to forex trading are easily convinced with a few trading setups and a week of results while others venture into using...
Indicators: 100Ema applied to close and 28 smooth moving average applied to close.Time frame: 1hr and 4hrCurrency: Any, but i guess Eur/usd would be preferable.Entry: the 100ema shows the trend. So if we were in a down trend as given by the 100ema and a candle closes above the 100ema, we enter a buy, you would stay in that buy until a candle closes below the 28 and re-entriesare made using the 28 once price touches it or closes above it when it has...
Saturday, March 26, 2016
Yesterday we talked about the use of a likely long term profitable system that takes only five minutes to trade everyday. The system is based on the following of momentum using the 10 period moving average inclination allowing us to get in early on long term trends and get profits in the long term on the EUR/USD. We discussed the systems rules including entries, exits, position sizing and accumulation of positions in favor of the trend if favorable...
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