In my autofibo indicator 38.2 level is @ 1.30627.

Trading EURUSD only

Forex trading is not for all and there are many other profitable business available except forex trading. So if this business not suit with your personality leave it as soon as possible.

Time to call it quits

Nice lesson. We learn different things of forex with passing more time in trading and if we share it with the dummies it will easier for him/her to survive long time in forex.

The perfect trading system

See, this strategy I take before every high impact news releases. Sometime it work (if spike generate) and sometime not. Suppose before five minutes ago price is 1.3055 .As price move abnormally during this time, so I place my buy stop at 1.3067 ...

Non Farm Payrolls

No matter where the trend move. Most of time I place buy stop and sell stop order of 15 pips from a secure distance from current market price few minutes before news releases. So if there is a spike in a particular distance it hit one of the take ...

Non Farm Payrolls

The most advantage of using a forex forum is that we can learn something every day when discuss with other member or if we want to reply others threads. Here I get some definition which is very simple but I didn't knew the exact definition .

If you learn nothing else

No, I don't believe in holy grail. Actually now I am like to trade naked analysis that means without indicator but only using candlestick chart. I find it better. Because in a naked chart you can easily draw trendline, support and resistance by keep ...

Do you still believe in the perfect trading system?

I don't know how to use the history of last four years in making analysis. I draw constant lines by analyzing recent(within a year) support and resistance. You can go history center of your MT4 trading platform. Just press F2 or go to tool and ...

Backtesting for trend

Any amount above $25 is suitable for newbies. My initial balance was $63 when I startesd live trading. This $63 I got from a forum for posting. At the beginning, I traded in live using no deposit bonuses, bonuses for posting and in these process I ...

How much did you start with?

Each time pullbacks give me green pips today because I put more long orders. Looking for long @3060

Trading EURUSD only

Market has bullish sentiment. So better to seek chance to long EUR/USD than short. I think EUR/USD will be strongly bullish throughout the week.

Trading EURUSD only

make two order. Long @3027 and @3040 tp @3065 and sl@3015

Trading EURUSD only

It is said golden ration because the ratio is found in different creation of God. Also the Fibonacci retracement came from the ratio of fibonacci number. 1,2,3, 5,8.....

Why 61.8%?

It can be placed if you change your tp after making order to reduce the loss. But it is not possible during execution of the order.

Short with higher t/p than entry?

I usually trade with EUR/USD and AUD/USD. The reason is easy to make analysis, also get good fluctuation.

What Currency Pairs You Trade And Why

Successful trader means a trader who can make profit according to his/her trading plan.

Define a successful trader in 1 sentence