Search results

Wiz, it's nice see that you keep carrying on your journal. I just wonder whether you do take into account fundamental information in your trade decision making. All currencies against USD seem to be in the process of adjustment (to stay competitive in global markets? and to eliminate any...

Do you care about these brokers? I don't think they influence price directions cos I don't see they names on interdealer market; only those (a.k.a market makers) who trade on Interdealer market influences price direction.

To improve your trading, all you need to know is 123 + FTT (10 price cases, 4 volume cases etc) to identify a trend (within some context), and use of stochs + MACD(or MA) to improve entry - e.g. when prices move from left side of a channel to right side of the channel

You may have accumulated your wealth from somewhere else... but you cannot call yourself that you're a consistent profitable trader if you don't know about round numbers in trading markets.

You're a very skilled analyst and I feel that I am lucky to meet you. Good luck, I really hope you get that position !

I thought it's Nokia...but still MS's attempt to dominate mobile industry has not been successful

I don't remember anyone has mentioned about round number resistance/support levels on ET discussion before (or maybe I don't remember it because I did not have a knowledge of round number resistance/support levels before until I started my current research on round numbers in financial markets)...

What do you think about fives? GBPUSD is trying to go below 1.40500 level...from my research, it can act as support/resistance levels too.

Wizard, after all, round number resistance/support works. GBPUSD has just fall with extreme volume level when it touched 1.41000. I think you have a good knowledge of markets...very impressive...

I can't see why they're not useful...it's like monitoring current conditions of a car. The one who ignores TA tools are bound to screw up in trading. You will find out in the near future and will soon start a thread on how to use MACD, RSI, MA...

and I anticipate 1. By the way, Mifar what moving average (in red) are you using there ? Is it 50?

You're brilliant, Wiz ! So you're a genuine profitable trader after all. By the way, I can see that you rely on your system to initiate your trades. But I have not observed your risk management system yet. Do you employ some risk management or what kind of risk management did you use when you...

I agree with your friend, you cannot be human cos human can't achieve 343 pips ! Look forward to seeing your result at the end of this week :)

Agree...yesterday, I didn't trade GBPUSD cos it did not have a strong trend in London opening...so I traded EURUSD instead after its strong bearish movement and a pullback. I was only able to catch 20 pip though

Are you developing some kind of pairs trading strategy? I presume you are developing using short time frames... have a look at journals on pairs trading strategy and you might be able to find some helpful methodologies

Which equities market do you follow? I'd like to see their chart

It's approaching the same daily resistance again(at 0.78850 level) ... but there is some disagreement between channels, so it's unclear whether the uptrend will continue or there will be a change in the trend when prices reach that level.

Doji on Daily chart but Bolinger Band isn't flat indicating that prices will fall more (but likely to begin the bearish movement in the next London session). If prices show some bullish movement in the next Asian session, it's likely that it's going through a pullback rather than there is a...

1 H - you are currently touching a strong support level but looking at daily chart, there is a strong indication of bearish sentiment but to make a good profit it looks you will have to wait. If prices go below the current support level, it will likely to fall to 80.3000 or even further down (...

USDJPY daily chart - prices are currently touching the most dangerous support level (likely an indication of the end of downtrend...) 1 H chart - has touched a strong support level GBPJPY daily chart - this one is the same, prices are currently touching the most dangerous support level (likely...