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How I Have Achieved 100% Winning Trades For > 1 Yr So Far,Part 2What is the strategy? - Keep it SIMPLE. I repeat, keep it SIMPLE - Even looking at my published trade ideas you will see that it is very plain and straight forward. - Forex markets moves on central bank rate expectations. Period. - No use of any indicator. I use moving averages and fib levels just for reference but don't hang my hat on that. - Finding the solid technical spots for the entry, mainly in the direction of fundamental argument - No trade if entry advantage is lost - No rigid stop loss or profit targets. ( That doesn't mean to keep on adding in losing trade. Nope, averaging loser is not a strategy ) If things change, trade entry and expectation changes. Yes, even within seconds ! - In a nutshell, the strategy is purely based on good "Understanding of Price Action". Now if you ask me, what does that really mean then only thing I could say is that looking at the tape one must FEEL the relative strength and weakness of the price. There is no trick in this. One must spend enough time with the market to have this feeling. Same as understanding a person ! The more time you spend, the more you will understand. There is no definite time period to achieve the proficiency. Some are quick learners, some are slow and some never will. That's reality of life. Achieving excellence in Trading is like "Nirvan". The journey is done alone. One needs to find one's own technique. Borrowed tricks will not work in most cases. Yes one can gain knowledge by looking how others trade but eventually it will be your own ability which will carry your further. I guess it is enough for now and will share things in future if I find it worth sharing. "A person has to lift himself up, using his mind and should not let himself fall. This mind, is the friend as well as the foe of person's life" Bhagvad Gita, Chapter - 6, Verse 5
Education
by BombayBulls
How I Have Achieved 100% Winning Trades For > 1 Yr So Far,Part 1How I Have Achieved 100% Winning Trades For More Than A Year So Far Not A Single Losing Trade In A Year, With >20% Return. Possible? Yes! Yes, it's a FACT. Headline is not to bait you. Because it is not that I know somebody who has done that but in fact I have done / doing it myself. Well, this post is not for any signal advertisement or something like that but only purpose to share is to let the traders know that everything is possible if you are committed. I have always liked challenges and a decision to take on this particular thing came out of this sentence which even you might have heard many times - "It is all about luck. Markets are too random to trade with effective edge consistently" Of course, life itself is all about chances and luck, and there is no denial in that. Birth decides many thing in life. But well, without going into philosophical discussions, let's focus on market. Here I would like to disagree with that sentence because market acts based on psychological patterns. So in order to trade market with an edge, one needs to posses two things, 1.) Ability to identify patterns of psychological behaviour of market participants 2.) While holding his own nerves in right state in order to execute and manage the trades. So in order to dispel the myth and put my thoughts against it, it is not just enough to be profitable trader, which I was ( am ), but need to do something which really proves that market can be traded profitably with consistency. Well, the result of all winning trades so far have exceeded my expectations but it is fun nonetheless. First, here is the quick rundown of the journey. - About 10 to 20 trades per month - Return is on notional amount, so almost no leverage. - Trading mostly majors. No exotics. Namely, EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, EUR/JPY, USD/CHF, AUD/CHF, EUR/GBP - As of now, after 14 month, there is not a single losing trade. So each and every trade has been winner so far. How is that possible? - Discipline, Discipline and Discipline. - After spending a decade trading Forex, last year I decided to do something based on my research and back testing that there are strategies which are almost 99% profitable. Of course, the goal was to minimize the losing trades as much as possible by strict selective trades based on the strategy. And the result is that so far, no losing trade. What is the strategy? .... In Part II ....
Education
by BombayBulls
2
Down under getting further down under AUDUSD THE analysisLong term outlook very bleak for the once relatively strong AUD. It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt. Using a simple fib based regression trend analysis along with a modified pitchfork that ties into the fib I predict a lowering of price here over the course of the next few days and weeks. Entry can be taken now but ideally I would suggest let it pop up just a bit further before taking it on for SHORT positions. As for leverage, margin, size and duration I leave that all to you my trading buddy :) Best of luck and stay safe. It's a dangerous place to be falling without a parachute ;) #winningtrades #thatswhatwedo #changeyourlife
Short
by RSCexclusive
USDJPY Get down you dirty dog! #bitchbetterhavemymoneySo USDJPY has been grinding down the price levels for some time now, here is a simple profitable set up for a further short scenario. Take a Short from here and hold. 101 is my personal target profit take and I suggest if you follow that you do the same. My stop is set at 106.600 Time duration of the trade I would expect to be no longer than two weeks at most. Good luck if you take it on. Let me know with some feedback and banter.
Short
by RSCexclusive
Welcome to the drop - USDJPYSo many of us out there wish to truly capitalise on the huge jumps and troughs out there on all major pairs. My firm belief is that we are about to continue into unprecedented low field price and that the worst is still yet to come. Dont forget what happens everytime an ECB or FED talking head gets on the screen....Generally the market falls as all they ever promote is more stupid uncertainty or a sheer view as to how thick they truly are concerning quantative measures for economic stabilty growth and future prowess. Right now for Binary take that USDJPY down for the next 4/5 hours with 15 minute expiration positions. Check out the other analysis posted up for the safer route via GOLD. Feedback and ideas welcome! adam@stbinary.com if you want me personally ;)
Short
by STBinary