I just wait until there is money lying around the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime James Rogers Patience is key; patience in trading by sound rules and to your trading plan. Be painstaking to ...

Simply Keen Pips Weekly

I have been doing some housekeeping in the last few days. First, testing my tweak of the MAs I trade with; second, watching the behaviors of two pairs, EURAUD and GBPJPY, I am considering adding to those I trade. I may eventually drop one of the two ...

Simply Keen Pips Weekly

Nuggets: ‘It is quality rather than quantity that matters.’ - Lucius Annaeus Seneca Therefore, be mindful of the quality of the trade you take. Go for the best set up and wait for the best entry signal. KP

Simply Keen Pips Weekly

What a dad, what a son

EURUSD

Patience, for sure, is a crucial element to successful trading. In this, rather than predicting what happens to price next, let the market dictate and be mindful of the timing of trade entry. KP

Simply Keen Pips Weekly

The RR is key...It points you in the right direction. How much are you risking to earn the reward or pips? That is the nub. At times you lose but if your RR is in your favour, say 1:3, my minimum, you will be profitable. By improving my trading ...

Simply Keen Pips Weekly

Why keep a functional trade journal? It helps facilitate learning to accurately measure and understand success or failure in each trade. This is essential to survival in this business. KP

Simply Keen Pips Weekly

In line with my bias I sold EURAUD. image image image

Simply Keen Pips Weekly

Given the near overbought trend, or extensions of bulls, against the USD for much of the past two weeks, I will be watching for bearish dispositions on the following pairs I trade: AUDUSD, EURUSD & GBPUSD; and by extension GBPJPY.

Simply Keen Pips Weekly

Giving current conditions, I will look to short EURAUD next week.

Simply Keen Pips Weekly

Jim Rogers, a market wizard, believes a recession will benefit the USD

Simply Keen Pips Weekly

I have taken much of the week to watch two pairs I may start trading as from next week, EURAUD & GBPJPY. Besides, I have done some tweaking on the MAs I use because my trading is based on reactions of MAs at price action in supply and demand zones ...

Simply Keen Pips Weekly

Very good. Many green pips to you. KP

Who makes real money from forex?

It is important to understand that dealing ranges drive market behavior. So, what is a dealing range? It is simply a high and a low for a trading session; or a period, such as day, week or month. It is usually known as a period of accumulation by ...

Simply Keen Pips Weekly

Jim, I don't have information on your trading style and strategy. However, you may need to trade less and use multi-time frame for trade analysis and set-up. Prepare a good trading plan showing specific principles/rules for trade setups, entering ...

Who makes real money from forex?

Nugget: 'It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.' - George Soros

Simply Keen Pips Weekly

I found this helpful: url

Simply Keen Pips Weekly

In the spirit of simplicity of system, which I believe in, today I have been trying to make my charts cleaner. Since I use mainly MAs, I want to use fewer ones that can complement one another as an effective, dynamic support and resistance ...

Simply Keen Pips Weekly

Not time to long imho. KP

Cable Update (GBPUSD)