EURGBP bullish bias (4H)

Trend Trading with Fibonacci & RSI

USD/JPY - long SL: 110.50 TP: 112.40

Trend Trading with Fibonacci & RSI

I agree... 45 % max drawdown is suicide on longer time scale. I don't see any signal provider MQL5 that has less then 10 % max drawdown, profitability factor higher then 2 and winrate around 40-50 %. All I see is systems that will kill ones account ...

Forex - A negative sum game for losers

Rolf from Tradeceity just wrote something in his blog that I must share with you, so true, like he would be reading my mind: "Some people like Twitter, Instagram or hanging out in random forums and find it valuable, but when it comes to actual ...

Forex - A negative sum game for losers

I'm sorry but what kind of ripoff is this so called The Institute of Trading run by Anton Kreil? If you want to become institutional trader get a degree in finance and complete The Market Technicians Association (MTA) courses to get CMT (Chartered ...

How to make a living with trading?

Don't be surprised to see EUR gaining against the USD first (european capital fleeing from US stock market) then falling as global liquidation of riskier assets starts and USD safe haven status kicks in. We are nearing extreme fear on Fear & Greed ...

EURUSD

Here is your answer why hedge funds pulled out of FX from FX Concepts, once one of the larger hedge funds in FX business: "They were in an environment where central banking authorities and other policy makers decided to suppress volatility in the ...

Forex - A negative sum game for losers

- I'm trying to further reduce risks (lower max drawdown, higher sharpe ratio) while maintaining reasonable profit factor. Besides that, as you've said, we have to constantly learn how to adopt to different market conditions. - I'm amazed about how ...

Forex - A negative sum game for losers

Trading is business just like any other business. If you want to become successful attorney you have to go to law school, take bar exam and then practice law for years if not decades before having any chance of becoming good lawyer. Why would such ...

Forex - A negative sum game for losers

Who cares if average Joe doesn't know how to trade? He is old enough to make his on decisions. People also gamble in casinos and we all know probabilities are working against them. People lose money in Forex not because system is rigged, but because ...

Forex - A negative sum game for losers

Experience has taught me that when trading in direction of the main trend (impulse waves), it is best to have contrarian view to retail traders sentiment. When I want to "catch" short term reversal in corrective wave, I take the same direction as ...

USD/JPY Discussion

DailyFX client sentiment (76 % long) makes you think twice before going USD/JPY medium term long. Oanda (63 % long) and Dukascopy (70% long) similar story... "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long ...

USD/JPY Discussion

We are seeing double bottom attempt with bullish divergence on 1h chart. If price manages to close above 111.70, we might revisit 112.50 area. Again, I don't encourage anyone to go long (in fact I'm considering shorting it if we can get to 113.50 ...

USD/JPY Discussion

We might see some pullback here as price reached 127.8 % fib and some support area, but don't expect it to last past 50 % fib... We need risk on sentiment first to get busted rectangle pattern.

USD/JPY Discussion

Majority of retail traders unfortunately practice this self destructive behavior. Catching falling knife is one of the most common themes (unknowingly) being discussed on FF. You try to warn people to wait for some kind of consolidation or ...

USD/JPY Discussion

Yes... Daily closing above 21.000 would be even stronger sign of failed bearish attempt. I'm not saying it will happen though. USD/JPY range has been broken. Right now what I see is just a retest of a broken neckline of double top and 200 SMA (4H) ...

USD/JPY Discussion

Breaking above 2372 level again would negate strong bearish candle we see on a daily chart which has confirmed double top pattern.

USD/JPY Discussion

If you're a gambler wait, if not, cover your losses. RBNZ Official Cash Rate and Rate Statement are coming in half an hour. It will probably be NZD positive. They might even surprise us with future rate hikes announcement (RBNZ can be very ...

Stuck in this drawdown trade - what would u do?

USD/JPY longs are playing with fire right now. Until I see S&P500 climbing back above 2372, I'm not even thinking of going long. USD/JPY is one of the most risk oriented pairs on the market, so going long in risk aversive markets environment is not ...

USD/JPY Discussion