Something to keep in mind is that the USD Index (DXY) still has some room up north to travel towards that "Resistance". This could send XXXUSD pairs lower.

let's be careful, this guy is having serious problem with pepperstone, he withdraw profit of $4500, months after still waiting to receive the fund..


you can check it here

https://www.forexpeacearmy.com/forex-reviews/7523/pepperstone.com

Impenia:

This one got me laughing.... Rsi things

Impenia:
Something to keep in mind is that the USD Index (DXY) still has some room up north to travel towards that "Resistance". This could send XXXUSD pairs lower.

It is then weird when USD Index kept on rising and gbp is not dropping as it should. Agree eu correlates with USD Index more than gu but it's somehow.

Whether your analysis is 20% correct or 90% on point, price will still go either way. That's what this is all about, either account preservation when wrong or increase in balance when right.
EUR is a bloody SCAM!

Impenia:
Tbh, EUR is a tricky one. From a Fundamentals standpoint, the currency looks weak (especially with the abysmal German ZEW data today).

saxy4c:
Whether your analysis is 20% correct or 90% on point, price will still go either way. That's what this is all about, either account preservation when wrong or increase in balance when right.
EUR is a bloody SCAM!

It's really not about analysis being right or wrong. It's more about having a structured and consistent way of executing trades in a manner that gives an EDGE. After that, it's all about letting the probabilities play out.

After analysis is done, it's up to the markets to either validate or invalidate the analysis.

Trade has gone up 50pips, about 2R. Would hold to TP 1596 and also set a buy limit at 1596 with SL for 1593 and TP 1610 where is should be up by then to see market reaction.
From what I see, if price hasn't reached the price objective of sell by 8am, then take what you see.

saxy4c:
Change TP to 1596, it should go to around 1610 for lower move.

My point is that if one analyses markets and always ends up saying it would go either way, hasn'tsaid anything.
P.S, that EDGE that gives lbe more profits than loss, is the right analysis of the market, that simple.

Impenia:
It's really not about analysis being right or wrong. It's more about having a structured and consistent way of executing trades in a manner that gives an EDGE. After that, it's all about letting the probabilities play out.

After analysis is done, it's up to the markets to either validate or invalidate the analysis.

I really wish someone is around to take thos trade oh.
This is a very high probability trade
Buy EURUSD 1.0790 SL 1.0770 TP 1.0930
7R is coming!
Risking 4%

saxy4c:
I really wish someone is around to take thos trade oh.
This is a very high probability trade
Buy EURUSD 1.0790 SL 1.0770 TP 1.0930
7R is coming!

my worst pair ever

saxy4c:
My point is that if one analyses markets and always ends up saying it would go either way, hasn'tsaid anything.
P.S, that EDGE that gives lbe more profits than loss, is the right analysis of the market, that simple.

That's right lot people are always looking for that holy Grail odds but forgetting that it never exist.

What matter a lot is the money management and you trading structure.

The first time I tried to ride a horse, I think I was 11 and the thing stepped on my foot, I can never forget that pain.
The second time I tried, I was 16, I told the trainer to leave me,I mistakenly directed the horse to its shed & gbam! It took control of itself and I was riding upside down till it stopped just in front of the barn.
Years back at 28,I was laughing at a close friend who got thrown from a horse, I showed him the ropes and he did good. I had become a pro horse rider. If I'd let the fear of that animal keep me down, I'd never play polo.
EU is my worst pair maybe, but I'm a slave to the market.
If my LST method appears, I'd even trade horse poo!

wiconse:
my worst pair ever

Accurate.

JejeIsLife:

That's right lot people are always looking for that holy Grail odds but forgetting that it never exist.
What matter a lot is the money management and you trading structure.

Excellent analysis, you would've followed up.

PIPnator10:
Maybe we will see a break-out and retest strategy.
So I am waiting to see if we will get a strong support in the green box area for a buy to 1590 region.
Good luck to us all.

Thanks sir! My methods are really simple as I always say, but as hard as it is to believe, I'd just keep rinsing and repeating with it, In Sha Allah.

infofirst:

Me still have a whole lot to learn then. Your charting no be for here too. You are not doing bad is understatement. You are doing good in charting ni

saxy4c:
Thanks sir! My methods are really simple as I always say, but as hard as it is to believe, I'd just keep rinsing and repeating with it, In Sha Allah.

eur about to get some life.

gbp preparing to go to hell

Adding final buy EURCAD 4308. SL for all 4250. May we all wake to profits.

saxy4c:
Adding EURCAD buy now 1.43333
SL ; 1.42980 for both TP :1.47250

Day 3 target achieved

Well maybe he saw a single bias, but I saw opportunities to eat both ways.
He should work on his entries and he'd do much better.

infofirst:

@wiconse actually saw something since that he kept having buy bias for gold that you did not see. That I did not see either until Friday.

Might be partially correct as they both have the potential to rise, let's see.

wiconse:
eur about to get some life.
gbp preparing to go to hell

Go back to certain seasons of FTA and you'd understand why certain people would have abstained from the thread.It turned into a market place of fake strategies and competition of who sabi pass.
But now the ones that had vile intentions have gone to hide their heads as they've been exposed and it's only mostly good vibes on here [except when they come to show plain chart and say they made profit but you should find their entry and exits ]
But it seems we're simply sharing quality stuff that people can see working in action now, isn't that fresh air? Don't worry, our bosses would be glad to return to this utopia and impart even more knowledge

signalsmedia:
were all these new monikers am seeing on leave before? The house is really bubbling.
am also enjoying the charts even though I can't trade them for some reasons.
today alone, have learnt M and W pattern and have also learnt that the more a level is tested, the weaker it gets And false break may occur at such levels

You've already solved your problem abi? If you realise its fear then, you need to get rid of it or aren't people here trading Gold and making profits back to back?
Like with every other pair, the only thing which matters is being able to read price action and it’s corresponding volume activity, like how price reacts at a particular level. Just use the normal Supply/Demand tactics, basic technical analysis, and recently for me, maybe a simple oscillating indicator,like RSI or stochastic - she can’t hide from me!!

jaygee1:
@saxy4c why am I always afraid to trade gold? Besides, I have bias too against some currency pairs. Is it because I'm still a newbie? I'm open to learning please

I'm kinda confused about both of you, you've perfectly
got the most difficult part of trading right which is finding an edge, so why get discouraged over a couple of losses? Pipmarshall, I've said this to bojbest and would repeat, going into the wilderness won't make you a better trader. We have a rare opportunity to share trades and learn from our errors right here in this community.

I can confidently testify to that, I may not have been bad when I got on here, but I honestly got better especially considering a few peoples accounts might depend on my calls [but that isn't your prerogative, because each one is responsible for his account]. All I can see is that we just need to constantly exercise our minds to be tougher win/lose.

Trading positively is not just about money, or show offs or knowing what and what Trump or whoever is saying.
It’s about conquering yourself to stick to your discipline and work on your emotions. Learning that trading is more of a psychological challenge than anything else, drastically changed things for me. Before, me, leave a trade for more than 20pips profit?
Finally, It’s not YOU vs. the MARKET.
It’s YOU vs. YOU oh!!!

voraz:
I'm experiencing similar, it's maddening.
All the trade setups I shared earlier (Gold buy to 1600, GU buys, Oil drop) played out..... In the end, some moved well but I didn't lock in profits in time or moved SL to breakeven too early. I'm certain there'll be better weeks though.Lost $50 on the challenge account though

saxy4c:
Well maybe he saw a single bias, but I saw opportunities to eat both ways.
He should work on his entries and he'd do much better.

noted

saxy4c:


Trading positively is not just about money, or show offs or knowing what and what Trump or whoever is saying.
It’s about conquering yourself to stick to your discipline and work on your emotions. Learning that trading is more of a psychological challenge than anything else, drastically changed things for me. Before, me, leave a trade for more than 20pips profit?
Finally, It’s not YOU vs. the MARKET.
It’s YOU vs. YOU oh!!!

IT IS REALLY YOU VS YOU

BUYING GBPAUD 1.94167
SL 1.93828
TP 1.94967

Impenia:
Something to keep in mind is that the USD Index (DXY) still has some room up north to travel towards that "Resistance". This could send XXXUSD pairs lower.

DXY update. Price now almost reaching the resistance as earlier anticipated. XXXUSD longs might soon become an attractive proposition

Keep in mind, though, that today is FOMC meeting. There's also x3 swap today, which tends to make high yielding currencies (like USD) strengthen.

Equal highs on Gold. Are they gonna break that to hunt liquidity above? Who knows!

Good morning all, I have been away now for a while due to circumstances beyond my control but am back now . I miss this place. Am In for the challenge @blackeuropn I registered yesterday with FBS broker and leverage of 1:200

Expecting a breakout to the down side

Impenia:
Equal highs on Gold. Are they gonna break that to hunt liquidity above? Who knows!

Pls how do you approach this liquidity hunt stuff by MM to avoid beaten / avoid price going ur way without you....
Pls add ur view with chart below...

Impenia:
Equal highs on Gold. Are they gonna break that to hunt liquidity above? Who knows!

Are we breaking higher? Got a pending sell limit order @ 1613.