EUR-USD PERSONALITY I was reading the quotes on this thread and some traders were saying that EUR-USD pair doesn't trend much. So I went back to a book that I had read some time back and was able to look at the characteristics of EUR-USD pair. If ...

EURUSD

MY 2 CENTS Successful Forex trading involves: 1) Mind-Set - Patience, Discipline, Consistency 2) Method 3) Money Management Conquer all 3 to become successful. Go over each. Within you lies the solution. More than likely you know what the problem ...

I plan to quit forex!

Yes, people are consistently making a living trading Forex. Requires: Mind Set. Method. Money Management. Ask yourself if you have the above.

Is anyone here earning a living, just with forex trading?

So IF you have an EA then start with $50 let it make you money. Don't even think about it. ITS ALL CODED ! IF IT WORKS THEN IT WILL WORK FOR YEARS......AND IF NOT THEN YOU DON'T EVEN NEED CAPITAL FROM ANYONE MONEY MAKING MACHINE !

What would you do with a working strategy, but need capital?

Paper Trades Strategies work very well. With real capital its the PSYCHOLOGY that takes over. IF you have a good strategy that works well. Then it will work in 10 years and even in 20 and 30 years. Get a friend to borrow you $50 and trade it ...

What would you do with a working strategy, but need capital?

FX Multi Currency Strength Meter 1.2.2.2 Surfing the net I came across this Strenght-Weakness indicator. url If anyone has used it please give your input as to how effective is it in real trading. Would like your feed-back.

Currency Strength Indicator

EUR/USD made a bearish candle on H4 chart. Unless the top of this candle is taken out we should see lower prices. However, on Daily chart we have support at 1.0795 which is holding the price up so far. If the support at 1.0795 is taken out we can ...

EURUSD

Not sure why you have an arrow showing that the price will go up if it is in a 5th wave going down?

EURUSD

EUR/USD sell off at London open. On Daily chart 1.0795 is key support. If we break it we could see prices go way south.

EURUSD

Saw your new video. Without alerts as to when the setup is made it would take hours to wait and see the 'brick' to complete and give a signal. The MT4 charts are off-line so they would not be up-dating on their own. So the trader would have to ...

My forex Magic Wave

Since bricks are not time based, it may be helpful if you could have a alarm put in which sends a text for entry/exit setup. Also a move could take several hours to set-up/complete so it is not realistic to sit in front of computer waiting for new ...

My forex Magic Wave

Do you have alarms on your charts to tell when to take the entry/exit, or do you have to sit in front of the computer and watch for hours? How often are new 'bricks' made on your Reko chart?

My forex Magic Wave

Are you using 16 minutes for illustration purpose or is this the timeframe that you trade in? On this Renko chart is a new 'brick' made after every 16 minutes or after the market moves in one direction for X number of pips? In the above chart where ...

My forex Magic Wave

Day Started off slow with AUD & CNY Bank Holiday. Today we have: GBP Services PMI (in 1 hour's time), and then USD ISM Non-Manufacturing PMI. Both of these should move the prices.

Cable Update (GBPUSD)

xxx/USD pairs have got strong support, hence probability is greater for up-side movement on these pairs. How the prices react to a report maybe different than if the report is strong or weak. Will find out how it actually turns out soon....

EURUSD

NFP Today! All xxx/USD currency pairs will move in the same direction. And USD/xxx pairs in opposite direction. EUR/USD has been in a sideways price action all week, with 1.1104 as strong weekly support from last week. GBP/USD is also sitting on ...

EURUSD

However GBP/USD Monthly Chart is interestingly BEARISH! So maybe up first and then down.

Cable Update (GBPUSD)

GBP/USD is at a unique position. Price is inside the Support Zone. Below yesterday's low we have solid support. Yesterday was an inside day and Doji (indecision candle). With NFP coming in the next few hours, it becomes difficult to forecast how ...

Cable Update (GBPUSD)

EUR/USD should move on ADP Non-Farm Employment Change Report.... in 5 minutes Daily Chart with doji candle yesterday, looking bearish. To go high will need to take out yesterday's high. H4 Chart seems to be in a triangle, poised to go down

EURUSD

GBP/USD in triangle. 1.5204 needs to be taken out for buy signal confirmation. Strong Support on Daily chart at yesterday's low.

Cable Update (GBPUSD)