Over 20 years in trading
I have chosen the US dollar index to show you this, because of the importance of the same in the market. But it’s the same thing in all currency pairs, commodities, stock market indices… You probably think now, hey what the hell is this, right!? But, if you look closely, you will see the highest importance of the SR levels and trend
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I wrote this article a year ago, but I didn’t explain that some of the ‘brokers’ use this metod to scam the clients. Yes, they are. I will try to explain shortly, what is Stop-Loss hunting and why it happens in the regular market and how the unserious brokers scam the clients with this metod. I am aware that most
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For the beginning of this article I will write one of mine personal forex quotes: “Use the news to get out of the position, not to get in!” Why? Because, that’s exactly what the big market players do. They use the huge liquiditiy which apears in that moment and leave the positions which they have took before. There is so many unnecessary
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I am still in with my short position from yesterday and the market almost catch my profitable SL in the morning. But, I never move my SL and I didn’t move it today from 1.10574 because of the daily MA200 at 1.1050. My position survived with high of 1.10524, only 5 pips from my protection. On the down side, there is H4/MA200 which
Read moreBased on my view on the current situation and on my EUR/USD analysis over the weekend, let me present my trade. I opened short position near 1.1100 in the morning, protect with SL above the 1.1120 resistance and moved latter the same on the profit teritory, bellow the entry. As you can see, my target is still far away for now,
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So many traders don’t want to admit that they are losing money by trading forex. I don’t know why, because losing money in forex is apsolutely normal and it’s a part of this job. But what is important? The important is how much you lose and why? You must detect the reason and fix it in time. I will not write this as
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This is my trading desk and no matter that I use some systems for proffessional traders, all I can say is yes, multiple monitors are very important for serious retail trading as well, especially intraday. For making proper entry or exit decisions. There is so many factors which are important for the market moves, an example such as an equity
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In my yesterday’s EUR/USD analysis I have pointed at the possbile breakout up from the ascending triangle. Sure, I also pointed out the importance of breakthrough the 1.1180/90 resistance at first, but the sellers have decided for break down true the trend line, after witch my predicted support level at 1.1120/30 hold the fall. Well, here we are today at the
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Most begginers think that trading forex is easy money!? Why? Because, so many FX marketing activities encourages you to trade with large leverages, promising you large returns on small amount of initial capital. When begginers see this kind of ‘marketing’ they think that Forex is easy. It’s apsolutely not and I am sure if you read this article, that most of
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What to write after this? Well, this was an unusual and rear day in the market with the precious metal for sure. It’s not that something like this didn’t happen before, it did and it happens with gold each year. But, moves like this are realy something special, from wich you can take best you can or you can be
Read moreTake a look at my 1 minute USD/JPY chart how the market reacts on talk of possible BOJ intervention. The pair has slammed in only 4 minutes, at fist two up for 170 pips and in the next two seconds down for 160 pips. As I see it, this wasn’t an BOJ intervention, just the huge market players reaction on the rumour
Read moreI will try to take this reversal at EUR/USD today. You can see the exact process of my entry, protection and how I see the furder development here. It’s not easy to trade this, let’s see how will ended? I will move my SL by steps as I have pointed in my chart, the first one is already done. These steps are
Read moreHow much we lose when we are wrong, that is the most important thing in our decisions. I usualy said, cut you’re losses quickly and let you’re profit runing, but it’s not so easy to admit you’re self that you’re wrong, right!? Well, you must do that and with no delays. For so many times in my forex career I’ve made mistake by
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Forex Trader 