Over 20 years in trading
At first, I will show you my EUR/USD pre NFP and NFP trade, how I did it and why!? Everything is writen in my chart and you can see clearly why I have opened short trade yesterday after support level was broken, why I have closed the same manualy on the next confirmed support and opened a new, the long
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I am and let me show you why and how!? It was realy easy trade based on my expectation which I wrote in my ‘RBA Monetary Policy Statement’ article. This was trade in combination of the fundaments and technical analysis, what I like the most. As I wrote in my article, RBA cut cash rate on Tuesday to 1.75% and that was
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This is what I have predicted in my USD/JPY analysis from March 24., after the pair reached strong resistance area. This prediction was not only from the technical perspective, but because all the previous moves and developments in this pair, which I followed for weeks and what made me to see this possible move, analysis from March 17./18. as well. I
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Well, it’s not easy to answer on this very delicate question, but… I wrote in my risk page that you should always use a Stop Loss, to prevent you’re capital from huge decline and big loss. Must say that I stand by that oppinion for most of the retail traders. But, what’s the most important in that case is, how to
Read moreAs you can see on my chart, mostly visitors are coming to the broker websites from Europe with 35% of all. Asia is on the second place with 24%, Middle east with 13%, America with 8%, Oceania with 3% and there is 17% of unclear country of origin. If you’re doing any kind of work with Forex, here is where
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There are 4 million retail forex traders around the globe, from wich 1,6 million living in Asia, 1,4 million live in Europe and only 150,000 live in the USA. These are the confirmed numbers, but there is also less then a million live in other parts of the world, mostly Russia, but I don’t have the accurate data. It’s surprising how a small number of traders
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For sure I am not! I wrote before two days in my EUR/USD analysis that, something like this will happen and that the stops are in danger in around this level, above the technical strong resistances. After the NFP data was out much stronger then expectation, many of the small retail traders tought that the US dollar will benefit huge from that,
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Each week I recive a few messages about complete loss on account and no matter that I always write about the risk, it seams to me that’s not something interesting for the readers. I don’t know why, because it’s the most important issue in the forex market. I am not a magican and I can’t help each of you separately,
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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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Forex Trader 