This morning I noticed an opportunity on EURTRY. I normally do not like to trade exotic crosses since the spreads are usually not worth it and the moves can be more unpredictable. This trade however, was an exception since the weakness in EUR seems ...

Trading under the microscope

Hi kaixinjili. Thanks for your question. The reason I have not made an EA for this system is because I personally do not believe it is so easy to make a long term profitable EA. It is much easier to trade manually. The reasons for this are many but ...

Trading under the microscope

Also I only trade the main 28 Forex pairs for the most part and sometimes exotics. But I will post here some other potential trade setups that could work for today across other markets for example. FOREX EXOTICS AUDSGD BUY EURNOK SELL EURSEK SELL ...

Trading under the microscope

No problem. Let me know if you have any questions. You can post some chart examples if you need help understanding the concept more etc.

Trading under the microscope

Here are some potential pairs to look at for today based on my first stage of analysis. AUDCHF BUY AUDJPY BUY AUDNZD BUY CADCHF BUY CADJPY BUY EURAUD SELL EURCAD SELL EURNZD SELL EURUSD SELL USDCHF BUY USDJPY BUY Remember, I do not take all of these ...

Trading under the microscope

UPDATE ON TUESDAYS TRADES AUDNZD I got taken out of this while asleep I set a trailing stop which took me out at +1R. On my second account it also ran for about the same a bit over 1R. I still have this one on my watch list as it continues to trend ...

Trading under the microscope

UPDATE ON MONDAYS ENTRIES USDCHF I closed USDCHF buy at 1R profit level manually in 2 parts on my main account, other account it ran to 3.5R with only 1 position and no scaling. It ended up moving up to the previous high within the range as ...

Trading under the microscope

#2 Reason is because you will learn how to place stops effectively. If you are getting stopped out all the time it means your stop is too tight, or you are not reading the market correctly. Having a TP IMHO is not the smartest long term option since ...

Stop Losses and Take Profits

Thank you, Catherinex. I will try to answer all of your questions to my best ability. It really honestly depends on the market. As I stated in the original post there are no hard rules for this strategy and it is more of a guide. Each trade is ...

Trading under the microscope

Here were some potential setups for today. AUDCAD POTENTIAL BUY AUDCHF POTENTIAL BUY AUDJPY POTENTIAL BUY AUDNZD POTENTAL BUY AUDUSD POTENTIAL BUY CADCHF POTENTIAL BUY CADJPY POTENTIAL BUY EURAUD POTENTIAL SELL EURCAD POTENTIAL SELL EURJPY POTENTIAL ...

Trading under the microscope

No problem good luck.

Does the martingale system really work?

No it's not. Profiting from forex trading LONG TERM is not only not easy, but improbable based on all the data collected over many many years. Not saying that you can't become a successful forex trader, but saying it's easy to trade and to maintain ...

Profit in forex is easy! Prove me otherwise...

Because forex trading is very very very very VERY difficult, and most people who do try it are either not smart enough or simply lack the effort.

Why do 95% of traders lose?

Hello and welcome to the world of Forex trading marwood. To answer your question you can either use spreadsheets, papertrade, use an automated backtest simulator like the one on mt4. There are some traders who use spreadsheets in order to backtest ...

Does the martingale system really work?