Over 20 years in trading
You’ve probably watched the NFP and US unemployment data today and it’s possible that you’ve been confused as well. After the NFP was way bellow the expectations, 151K vs 190K, the unemployment data shows fall bellow the 5,0% at 4,9%. The market was undecided where to go and even the first reaction was US dollar weakness, the same returned the strenght
Read moreWhat a day, woow! You sow that I expected this move few days ago and here we are, the sellers are busted all the way up. When I said that this will be the battle of the year, I really tought so. There is so many technical levels which are broken today, this was awasome move from the buyers indeed. And, that is what
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Most people are searching for an easy way to become rich and I know the most of the forex traders think the same. But, as I always wrote in my articles, there is no easy money nowhere, especially not in this job. Because of the great opportunities that forex offers every month, week, day and hour many traders are willing to invest
Read moreWhen you take a look at ‘my required numbers’, you will probably say: Wow, this is so easy to do! Well, it’s not so easy as it looks like. How I know that? Take a look 3 years back and see what you have done until today? What result have you made by trading? Nothing!? Only loss!? 20 procent in
Read moreIn the forex market, each day we participate in the battle between bulls, who are buying and pushing the prices up and the bears, who are selling, pushing the prices down. The side and the price of the currency pair is changing from minute to minute, keeping active both sides, as long as one of them win at the end of the day. Since you are
Read moreIn my gold trade from January 05., which I have presented yesterday here, you can see how huge can be difference between short term and long term trading and what is the ‘risk’ from long term trading, if you are a retail trader. But, can we call that as a risk and how to react properly in the situations like this
Read moreYou can see exactly here in this GOLD 1 minute chart with SR levels and trend lines. This is just happening in the market, the gold sellers are strong and they are trying to reach new low for Gold in the last 5 years. I pointed in my previous gold analysis in this possibility and here we are, cent by cent
Read moreThis is more for the rookies in this industry, but here is my view/example on how to take a good position, short EUR/USD in this case, intra-day and day-long. It’s easy to see that the down trend is for days, even weeks in this pair. After huge decline on Friday, caused by good numbers for the US dollar, the pair is trying
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Marty ‘The Pit Bull’ Schwartz run his acount up from $40,000 to $20 million by trading. Mr.Schwartz have a documented record of making 1000% a year, for seven straight years, using a million of US dollars. He is also the winner of several trading Championships, most of the time making more money than all participants together. He was originaly a Wall Street
Read moreI always write this, forex is the toughest job in the world. Why? Based on my huge personal experience by trading. So, it’s not surprise to me, that every single day I have messages with questions like; Can you help me sir, I’ve lost all my money by trading!? Unfortunately, I can’t help in that case, it’s to late. All I can
Read moreDuring my FX career I have experienced a lot of things in the market, but this is the one most important, target! Recent develompent in the EUR/USD remind me on this, lot’s of up and downs or as I call this, the roller coaster. But, everthing is happens between the support/resistance levels, you can check my analysis to see that.
Read moreI didn’t show you my yesterday’s stop loss at gold, you know the reason why. Let me show you today, how and why that happend. As I wrote in my entry analysis, gold was well supported between 1206/08 yesterday with intention to go higher and to try attack on the Daily MA100 and 200, which was placed at 1211 and 1215.
Read moreAs you can see, the gold fell down true the trendline and H/1MA200 but support hold for now. My SL is placed at 1203 and if this support breaks, it could be hited! I will not change my position or move my SL lower. In about 10 minutes US Jobless Claims data is coming up, that will probably be ‘the trigger’ for
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Forex Trader 