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OctaveJay509 replied Nov 17, 2013Structure Analysis combined with Harmonic Patterns. As Jesse L stated, " speculators without a single clear plan can only act and react, to the slings and arrows of the market misfortune, until finally they are defeated.... " And he even went ...
EURUSD
- OctaveJay509 replied Nov 14, 2013
I think that you see exactly what i saw, and i do believe that those targets might definitely hit at some point.... Not so sure when but there are a lot of market structures in place at this point.
EURUSD
- OctaveJay509 replied Nov 14, 2013
I do believe that anybody can trade without a Stop-Loss if you use a simple trading strategy combine with Trend Following methods... I have tested this countless of time in the past, but one thing that i have learned is you have to have a proper ...
Trading Without a StopLoss
- OctaveJay509 replied Nov 13, 2013
I was Long on EUR/USD since last night and this big drop this morning caught me by surprise, and i had to wait for it to bounce back up in order to get out... Since i didn't factor any fundamental news on my analysis this week. I had to step back in ...
EURUSD
- OctaveJay509 commented Nov 7, 2013
I have been watching USD/JPY at around 97ish and i knew 99 was the ultimate target to complete that Bearish Butterfly Pattern....That's why this morning i closed out the rest of my positions.....It doesn't matter if there's news or not, all the ...
US dollar implodes as stocks fall
- OctaveJay509 replied Nov 7, 2013
I wasn't expecting EUR/USD to drop that fast while i was away....It bothers me alot. My profit target was around 1.32620, but i decided to close out my position to be on the safe side, and avoid a Non-Farm Payroll Crossfire (Friday)....I still ...
EURUSD
- OctaveJay509 replied Nov 6, 2013
Hey Gangs, I am not trying to discourage anyone that is LONG on Aussie, but I did some Structure Analysis combine with Harmonic on AUD/USD over the weekend. There was a major BULLISH CYPHER on the 4 hour chart.... In order word, Aussie needs to test ...
AUD/USD
- OctaveJay509 replied Nov 3, 2013
Monday is always a slow day in the market, and I would expect EUR/USD to trade sideways for a bit or even re-test 1.36ish/1.37 and continue the downside until it hit 1.30ish. Anything is possible, but this week is going to be crazy with major risky ...
EURUSD
- OctaveJay509 commented Nov 2, 2013
As long as Japan is getting away with its devaluation, the Federal Reserve is so damn happy to buy more securities for the sake of balancing the Economy and creating growth. As traders, our jobs, are to follow the TREND, and not trying to anticipate ...
Did the Fed just say December?
- OctaveJay509 commented Nov 1, 2013
As H. MacKay stated very well "when a person with money meets a person with experience, the person with the experience winds up with the money and the person with the money winds up with the experience." I am not so sure why Mr. Gross felt Guilty at ...
Bond Billionaire Bill Gross: I Got Rich At The Expense Of The Less Well-Off And Now I Feel...
- OctaveJay509 commented Oct 31, 2013
As a technical trader, i do believe in Fundamental analysis, but there's a crazy irony that retail traders hate to admit....Whenever the market moves, we always find a good reason to justify that move, but we tend to ignore the positive/negative ...
Fed Keeps $85 Billion QE Pace Awaiting Signs Economy Picks Up
- OctaveJay509 commented Oct 30, 2013
I don't think retail traders truly understand that statement today, and it's so fascinating how the Currency Market reacts to it....Last September when the Feds said "No Taper" The EUR/USD went Berserk, and the US Dollar took a Massive Hit...Now, ...
Fed Keeps $85 Billion QE Pace Awaiting Signs Economy Picks Up
- OctaveJay509 commented Oct 27, 2013
Fundamental Analysis + Technical Analysis + Mental Psychology = Consistency This might not be the right formula, but whatever i mention on that formula is a compilation of everything that we need to take in consideration in order to have a ...
EUR/USD Forecast Oct 28- Nov 1
- OctaveJay509 replied Oct 27, 2013
You made a great point on your statement, and if you allow me to add something else. I would have to say, there are a lot of opportunities in the market, but the majority of us won't have a profitable account.....because we are more focus on major ...
EURUSD
- OctaveJay509 commented Oct 26, 2013
Woaw! Those numbers are mind-blowing and ridiculous....If 2 trillion is trading in a daily basis, I truly believe that most of us simply trading for the sake of it because the majority of us are breaking-even in order for the cycle to keep going.
The $5.3 Trillion Forex Market Explained
- OctaveJay509 replied Oct 25, 2013
Market Forecast on GBPUSD for next week( Oct. 27- Nov.1st) Since everyone is providing their opinions here on Cable, I would like to do the same and at the same time urge myself to stick with the plan... When it comes to trading Forex, it's never ...
Cable Update (GBPUSD)
- OctaveJay509 replied Oct 24, 2013
You are welcome my friend, and I am glad that my answers were a bit useful to you... By the way, the Fib that shows on the indicator has nothing to do with profits taking. When you use your regular Fibonacci tool on MT4, you simply start out from ...
Harmonic and Classic Patterns
- OctaveJay509 replied Oct 20, 2013
Hey Slionc, I will do my best to answer some of your questions and I am hoping that my insights are very helpful to you... First of all, you don't really need a manual to understand ZUP V135, you simply need to familiarize yourself with different ...
Harmonic and Classic Patterns