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Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 8:31pm On Jul 03, 2019 |
coolvibes: NZD looks like it will continue to strengthen. Still holding my positions. 1 Like 1 Share |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 2:28am On Jun 29, 2019 |
Going to talk about a strategy I found extremely helpful especially if you get right. Nothing new. Just something I found helpful. Soon. 4 Likes |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 2:17am On Jun 29, 2019 |
coolvibes: When did you enter a short position? I entered way too early, Infact multiple times. But then, I held the positions because I had other reasons to believe NZD will strengthen significantly. Now all the positions are in profit. For EURNZD, there could be some retracement though before the pair continues south. NZD still looking strong. Again, we are to trade responsibly. We only speculate. We don't decide for the markets If things change, we will have to adjust. 1 Like |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 2:09am On Jun 29, 2019 |
docus: I have the same view. Also currently holding a short position. I believe we would reach the bottom of that channel. Weeks like you said. USD appears weak long term. Let us wait to see what happens. Just my opinion though. Like I usually say. I could be wrong. 1 Like |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 8:58am On Jun 26, 2019 |
dungas30: Alright. All the best. I do hope you find your answer. 1 Like 1 Share |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 7:46am On Jun 26, 2019 |
dungas30: Dilligently study babypips from beginning to end. Just search Google for babypips. When you are done, check your question again. That's the first way to know if you have made significant progress. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 9:27pm On Jun 25, 2019 |
bojbest: It's So if you are risking 3% per trade.. This is assuming a lot size of 0.01. If your RRR is 1:2.. That's $6 per trade when you reach your tp. And $3 loss for each losing trade. That's why I said if you want to follow money management principles, $100 is hard to trade with. But it's ideal for the first trial at live trading. One would probably lose that money anyway. So. It's ideal to start with $100 and trade 0.01 strictly. One will usually figure out when to go higher as regards trading capital. Like the bosses here say.. If one can't be profitable with a small account, one can't be with a larger account. 1 Like |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 8:29pm On Jun 25, 2019 |
Liamm: You are welcome. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 7:18pm On Jun 25, 2019 |
Liamm: It will take time before you become profitable. That's the truth. Can be up to a year. Can even be more, can take years. Started learning around February 2018, still finding my feet. It takes time and patience. And you have to endure the process. Any other thing would be deceiving. And you are likely to lose your starting capital especially if you are in a hurry to trade live. So you probably can find something else for now while you start learning forex because it will take a while before you get consistent returns from forex. Forex isn't a bad idea. But you can't afford not to have enough education. Please find out everything you need to know and study before putting your money. You will likely lose your initial capital. So start small. That $100 is okay for someone just starting. Meanwhile you have to demo trade copiously before you even use the $100 for live trading. After that, you would have a feel of the market. But if you can be patient with the process and learn, you may have your reward someday. As for starting capital and what it will bring monthly and all, by the time you learn forex and demo trade for enough time, you will know how to estimate what that capital size can bring as returns. It's however very difficult to trade right (follow money management principles) with $100. You will find out by the time you learn. People are really earning much from forex. But they were diligent, took their time to learn, and are very disciplined. If you can master forex, you have a lovely skill on your hands. 6 Likes |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 7:02pm On Jun 25, 2019 |
PJAMES1: Closing the upper trade at about 390 pips. Held the position for more than a month. Holding the lower one but it is now a risk free trade as stop loss is at Break Even already. I think this will continue lower. I may sell again if the next support (1.8980) is broken but I don't know yet. 1 Like
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Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 4:53pm On Jun 22, 2019 |
bojbest: We should watch closely and be careful. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 4:52pm On Jun 22, 2019 |
alphaNomega: Alright. Thank you. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 7:47pm On Jun 21, 2019 |
alphaNomega: What is the value of your moving average? The white one. The moving averages give me another reason to think it may go up a bit to that area. Price is presently far from the moving averages. 1 Like |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 7:46pm On Jun 21, 2019 |
alphaNomega: Toh. I will be safe. Already been hit by this USDCAD. I will probably leave it alone soon. Let us see what happens. Presently short but I will be careful. And yes, I looked at it. 1.3280 is likely. I must admit. Won't b surprised if it goes to 1.3280. But I consider that a retest or something. If it holds as resistance, maybe it will finally go down. Maybe it's safer to wait to see what happens there. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 6:51pm On Jun 21, 2019 |
USDCAD.. Anyone. What do you think? Long term... I am still expecting a massive sell off. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 6:22pm On Jun 21, 2019 |
Been a while. Still actively trading. Though demo. But everything is still going as planned. Will go live August/September. Going to take time out this weekend to read the messages I have missed. 3 Likes 1 Share |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 6:21pm On Jun 21, 2019 |
PJAMES1: Closed yesterday. More than 400 pips booked. GBPNZD.. Also in profit. Still holding that because I think there could be more downward move. Although not as certain as before on NZD strengthening. I was convinced NZD will strengthen. The picture not quite clear to me again. 3 Likes
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Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 5:21pm On Jun 09, 2019 |
enolife2: I also think EURUSD is going up. Being holding a long position for a while. 180 pips in profit but it's a long term trade. So still holding. But I expect more upside move. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 4:44pm On Jun 09, 2019 |
enolife2: Would have loved to see your charts. It's easier getting your mind from pictures of the chart. Would have been easier to follow and learn from your analysis |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 1:20pm On Jun 09, 2019 |
docus: I am also now looking for bearish price action to sell. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 7:07pm On Jun 08, 2019 |
USDCAD. Daily timeframe. I entered a short position based on the break out and retest of the ascending wedge. If you look at the weekly timeframe, you can see that the pair is about to test the lower trendline of an ascending channel. So we are to wait for how price reacts now, at this area. So what to do is to wait. I won't be buying if there is no break of the trendline. I am only interested in selling this pair. If the setup for sell doesn't show up, I will stay out. So here is one of the things to look for. A decisive break of the trendline, then a corrective structure. That is, after the break, you drop to the daily or 4 hour timeframe or even 1 hour timeframe (not as reliable as the higher timeframes) and watch for an upward price movement. Then you draw a support trendline for this upward price movement. The confirmation for a sell will be the break of the support trendline (break out from the corrective structure). I have put a third picture to put the two in context. Weekly trendline support in Green and where price is at the moment. Infact, I just looked at it again. One can redraw that trendline. And this level will also correspond to an horizontal support. Look at the last picture. Don't be caught by surprise if USDCAD tumbles. A rejection could also happen but I will just stay out of that. 1 Like
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Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 9:57am On Jun 08, 2019 |
USDCAD Looks like the house is seriously divided on where the pair is heading. At the end of the day, I think it may depend on how long you would like to hold. An aggressive entry presently puts me in a short position. May close in profit and then wait. But we may have to wait to see for sure where the pair is going. If I wanted to be sure or conservative, would have waited. Long term bias for me is short. From a technical point of view, USDCAD can actually witness a massive sell off in hundred of pips. I will post my charts today. And talk about how to wait for confirmation for the sell off. That is, what to look out for to catch the trade if it happens. We only speculate. Price determines what we do. Not the other way round. We can't tell the price what to do. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 4:59pm On Jun 06, 2019 |
Zeugma: Thank you |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 4:58pm On Jun 06, 2019 |
enolife2: It has already retraced o. Around that area now but a bit lower. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 2:14pm On Jun 05, 2019 |
NZD showing strength. NZD will continue to strengthen in my opinion. 1 Like 1 Share |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 2:11pm On Jun 05, 2019 |
EURNZD. Demo trades. There may be a retest of the green line. I continue to sell. Please manage your trades well. I have mental stops that I will soon put in. Will start looking to put Stop at Break even for the upper trades. Then will find an appropriate place to put the stop for the lower one. 2 Likes
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Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 11:59am On Jun 04, 2019 |
infofirst: Hmmm. Alright. Will be watchful and careful with my USD trades then. Thank you. Time will tell. 1 Like |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 9:51am On Jun 04, 2019 |
maryjames9: I think the same too. USD looking weak. Even long term. |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 3:26am On Jun 04, 2019 |
dunsin125: FXTM |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 5:24pm On Jun 03, 2019 |
infofirst: Thank you very much. Four months time. The time is based on when I think I will be able to set aside enough capital. Something significant and yet won't cause any disruption in my life if I lose it. . 3 Likes |
Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 6:34pm On Jun 02, 2019 |
alphaNomega: Hmmm. I understand. It's just that the stop loss would be wider. I entered as close to the invalidation area as I could. Yet my stop loss is already about 200 pips. The thing is I have enough technical confluences to sell. I just needed a good entry. And that's as close to the invalidation area that I could catch. If you check the 4 hour timeframe.. The price is already below the same setting of moving average and there seems to be head and shoulders.. Invalidation level is above the head. I don't want to see price going above that at all. Maybe break of the neckline (green line) will allow the daily price to also fall below the moving average. Altogether, let us see what happens. 3 Likes
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Business / Re: Forex Trade Alerts: Season 19 by PJAMES1(m): 3:51pm On Jun 02, 2019 |
EURNZD. If this setup is right and you can find an entry.. Maybe we can ride this down together. Note that the invalidation level for the set up is above the candle (that doji after the bullish candle, the middle candle) the arrow at the top is pointing to. Stop loss should be around there. Note that even if the setup is valid, it will take weeks. But it's how I have been learning to trade. I am very patient. The lower arrow is the first target. Yes, I think it will break that support and go further south. But one step at a time. Another place to find an entry is around the green line. One could watch for daily or 4 hour rejections from the green line. Best bet is if there is an upward movement to make entry more favorable. Ps: Before you start looking to use this setup, please note that the stop loss is in the range of 200 pips. We have different trading styles. I do medium to long term trades. If you noticed, I hardly post below 4 hour charts. It's what works for me. 3 Likes 1 Share
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