voraz:
EURCHF is one i'll watch to see how it plays out
picture 1 shows the long term outlook, bullish
price could use the green trendline as support or breakdown to 1.1075 regíon

this is yet to mature, i'd like your opinions on how else it could play out.

meshpips:


To trade in the opposite direction without waiting for any form of confirmation.

In this case, price has been rising so I will SELL on the first contact with the 1.2742 level.

Hope it is clear now?

meshpips:


I think it depends on the "control" environment. I'm currently undergoing assessment with a prop firm. Maximum draw down daily should not exceed 5%.

I have maintained far less than 2% draw down and have made over 10% profit taking 17 trades.

coolvibes:

Good job,
What firm is that Mesh? . . .

meshpips:


www.enfoid.com

meshpips:
I mentioned something about the Tropic of Cancer.

Trading using astrology does exist.

https://www.dukascopy.com/fxcomm/fx-article-contest/?Trading-With-The-Stars-Astrological=&action=read&id=2554&language=en

Question: Those that first noticed the birth of the Messiah were guided by what?

alphaNomega:


I don't want to think you fell for this astrological BS. Are repainting indicators not enough already?

meshpips:


I don't do astrology. I have my proprietary trading method. I don't use any indicator which I do not understand its underlying mathematics.

I have learnt to keep an open mind. Never to believe that any other person's method is inferior or outright senseless.

In the final analysis, all truth is parallel.

gigfx:
My 3rd weeks on the mt5 forum.

alphaNomega:


Astrology has nothing to do with the forex market.

Tianamen1:



To be honest, you are right and wrong at the same time. Planetary movements have an effect on tides and flooding which affects commodities such as agricultural produce. countries that are highly dependent on agriculture will have their currencies affected by astronomy. there is a famous trader, a free-mason, who came up with a box like pyramid system that depended on astronomy to predict the rise of the Mississippi river. his name is W D Gann.


on a more serious note, i think the long term trend of the strong dollar that started around 2014 against the euro and commodities may have come to a pause/end with the dovish interest rate view that was announced this week. How this information will help anyone make money, i do not know.

Good luck!!

enolife2:

how did you get the bonus

gigfx:


it is more like what we do here, posting comments on forex related matters. Posting your bias and projections about the market. Tho they have some rules you must read about on joining, because if you go against it, they may close your account. if you are the type that like posting a lot, just open a trading journal, before you know it you will have accumulated enough bonus you can start trading with.

alphaNomega:


White one is 200EMA.



I took heavy beating from USDCAD after FOMC this week, my long entry was at the most recent swing high (so yes it was horrible)

The few times USDCAD went below the white line in January and early June, it trapped lot of bears. Another break is upon us, I think a daily close above 1.3280 will complete the third bear trap this year.

bojbest:


I also have a sell position on that pair

gigfx:
My 3rd weeks on the mt5 forum.

voraz:

what is this sir?

meshpips:

I think it depends on the "control" environment. I'm currently undergoing assessment with a prop firm. Maximum draw down daily should not exceed 5%. I have maintained far less than 2% draw down and have made over 10% profit taking 17 trades.

redsox11:
Hope you're not paying any money to them because there's a lot of FAKE prop firm and 1 way to know fake is if they ask for money up front.
Good luck.

gigfx:


it is more like what we do here, posting comments on forex related matters. Posting your bias and projections about the market. Tho they have some rules you must read about on joining, because if you go against it, they may close your account. if you are the type that like posting a lot, just open a trading journal, before you know it you will have accumulated enough bonus you can start trading with.

Liamm:

Any hope for someone who intends to start with $100? How long from now before I start going into live trades? What's the profit like on monthly basis for a startup of $100? Any chance of losing all funds on my first trial?

Thanks

voraz:


Definitely, its possible to lose it all without proper risk and money management put in place.
Demo trading is what has been constantly advised for newbies like us.
Take out time to learn the mechanics behind the markets, find what gives you an 'edge', implement it profitably THEN consider going live after.

I hope this helps, cheers!

voraz:


Definitely, its possible to lose it all without proper risk and money management put in place.
Demo trading is what has been constantly advised for newbies like us.
Take out time to learn the mechanics behind the markets, find what gives you an 'edge', implement it profitably THEN consider going live after.

I hope this helps, cheers!

Liamm:
Please guys. Can I get an honest opinion?

I have no trading knowledge. Looking for a skill that will sustain me and still improve my savings and I just started thinking in the forex trading direction. I would gladly welcome your advice on venturing into forex. Any hope for someone who intends to start with $100? How long from now before I start going into live trades? What's the profit like on monthly basis for a startup of $100? Any chance of losing all funds on my first trial?

Thanks

voraz:

can i pm you sir?