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Found 137 results

  1. EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure
  2. Hello, My name is Yana. I would like to establish here JustForex company. I would like to tell you a little bit about our company and gather a community of traders here and if you have any questions, I would be happy to help you here. JustForex offers several trading account types with a wide choice of trading instruments and everyone can find the most suitable one according to his preferences. Trading conditions: spreads from 0 pips, leverage up to 1:3000, mobile versions of MT4, order execution from 0.05 s. Please feel free to contact me here if you have any questions. And the question for traders here. What Forex broker do you trade with? And why? Let's discuss.
  3. Or are they the same thing? They seem so similar, but my broker (Jones Mutual) offers both, so what is the difference and which one is better?
  4. Best way to learn option trading?

    I have been learning binary options and crypto trading for a little bit now. Its difficult to find a strategy that works best for me because there is a endless amount of them. What is the way that you found the strategy that worked for you or fit your trading style?? I have been trying alot of different ones but cant seem to find one that benefits me and its the most frustrating thing.
  5. Hello, I wish to get into trading(maybe day trading). But my question is what should I focus on learning, stocks(btw I know about the $25000 limit but I don't know if I am going trade that many times a week) or Forex, atm I plan to start with 500-1000$. My background would be that I have taken an economics class in which one part was stocking as we had to play a stock market game for around 3 months. Also if you are wondering I don't plan to start real trading for at least a few months(I Plan to practice with demo accounts first and find a profitable strategy first). Thanks for the help!
  6. A website that offers fraudulent EAs is being used for scams and other financial crimes. The website in question is btcmt4.com and belongs to Philippe Ballesio who uses the pseudonym "plukumust". He took away 1 BTC, never responded after paying for an EA he never sent. That man has a great history of scams, after investigating in depth I could find financial crimes, computer crimes and common crimes. Your most recent fraudulent system is btcmt4, be careful ...
  7. Forex Data Feed

    I am not a forex trader, I trade mostly ES, JY, EC, BP, CD futures. I have been studying forex for some time for the sake of understanding better and have decided I might jump in. I lack the understanding of how forex data works, my understanding is that the big banks and brokers provide their data to data providers who then consolidate it into total volume. It seems to me I would want a data provider who provides the most banks input for their data. I am looking for tick data on up and a provider who would list their bank data in a way where I could identify the largest contributors, sort them somehow and develop an indicator to show me this big boy volume. Do any of you know which providers have the largest amount of volume providers and list them in way like market makers on L2? Also, I am not an expert here and would appreciate any corrections to my thoughts or assumptions. Thanks you MM
  8. Advice to Begin Trading?

    Hi everybody, I am in little confusion with Tradorax, in actually I want to start trading so I was looking for the good trading websites which can assist me in testing strategies, creating expert advisors or indicators. So, I have found Tradorax easier for me but after doing some research there were some bad reviews and good reviews about Tradorax. It makes me little worried about starting with them but positive reviews are attracting me too. So, Please guys suggest me some good advise and also tell me if you have any personal experience with Tradorax.
  9. A pip is the measure of change value between the two currencies and one pip is equal to 0.0001 of the change in value Multiplying the number of pips with the exchange rate is needed which tells how much the account has appreciated or depreciated in value
  10. Whether you have $20 or $200,000 to invest, the objective is the same: to make your money grow. The means, however, vary dramatically based on your investing style and how much money you have to work with. If you invest effectively enough, you could conceivably live off the earnings from your investments! 1. Build your emergency fund. If you don't have such an account already, it's a good idea to focus your efforts on setting aside three to six months' worth of living expenses just in case — hence, an "emergency fund." This is not money that should be invested; it should be kept readily accessible and safe from swings in the market. You can split your extra money every month, sending part of it to your emergency fund and part of it to your investments. Don't tie up all of your extra money in investments, unless you have a financial safety net in place; anything can go wrong (a job loss, injury, illness) and failing to prepare for that possibility is irresponsible.
  11. Forex Tips

    I've found a very useful forex tipping website who provide pretty reliable tips and they have helped me out a lot recently, so I thought I'd help you guys out and leave a link to some of their videos: https://www.youtube.com/playlist?list=PLctmVL7imFbz_bBichfZL3Pkh3HC7YG7I
  12. Hello;) I've been tried a variety of FOREX trading platform. But there are so many pirate copies in the market. They are usually cause system instability and even disconnection. The ideal trading platform must with function of place market order, limit order and OCO...etc. Most of all, it can provide stable and safety environment for trading. Have you ever used the download trading platform like that? Please share your opinion.
  13. Anyone know where the statistic of 95% losing and 5% winners ratio for traders came from? I keep seeing this put up as a "FACT" but there doesn't seem to be anything other than anecdotal evidence to support this statistic. Anybody have any idea?
  14. Hi everyone, I have tried a lot of free and commercial trading platform. Few months later, I find the Mars Trader. It developed by the HTML5. That means this system dispense to download by any browser. Even you can easily to experience on iphone/ iPad / Andriod. It’s very stable and innovative that I have never seen.
  15. Since the stop loss subject is extensive, involving many other topics, I will discuss only the initial stop loss that is necessary to control the losses if the trade will not be successful. Let us now see the four best stop-loss techniques applicable to many different trading systems. Stop based on volatility (Volatility Stop) Imagine a market where the candles have a width of 120 pips. It makes sense to put a stop loss at 5 pips away from your point of entry? Unless your strategy is not a form of super-extreme scalping the answer is No. If you get into a certain direction you have to ask if you're giving the market time to develop in your favor, without which, insignificant fluctuations close down your position prematurely. On the other hand, one stop too distant, will lead to losses that you can hardly recover. Looking at the average volatility you can understand, therefore, where it makes sense to place the stop loss based on the breadth of recent market movements. Thanks to the ATR (Average True Range) indicator you can easily obtain the volatility of the last N bars. The value obtained will be the basis for choosing your stop. Stop based on support and resistance Another powerful way to set the initial stop loss is based on what is the reality of the graph. Markets will offer a wealth of information: the prices are clearly moving in one direction? The prices are moving wildly within a certain range? Through observation you can have a number of ideas to find a price level above which we have little hope that the trade turns in our favor in the short term, or not to proceed further against us by exposing them to excessive drawdown. Stop based on indicators Some traders, lovers of technical analysis, tend to base every aspect of their trading on the results offered by various indicators: list the various methods used would be impossible, so I will limit myself to one example. A fairly common technique is to enter and exit a trade based on the crossing of two moving averages. Stop fixed to N pips The stop loss is set at a certain number of pips from the opening portion of each position. This is an ordinary technique, where the distance is fixed and equal for each trade, such as 20 pips. You should exclude the idea of ??using a stop of this type since there are important gaps. First, it disregards the fact that volatility varies over time and is never fixed. Generally, the shorter the timeframe used, the greater the possibility that the volatility changes. Secondly, it is not connected to the reality of the markets: it does not consider resistance and support or other guidelines which may provide an assessment of the graph. The only people who I think can use a fixed stops are experienced traders who intend to work with a very short term scalping technique, while maintaining a very tight stop loss. Choosing an option or the other, would simplify what cannot be simplified. Every trading system, and each trade is a special case. I have tried to provide meaningful tools to check your initial stop loss: making good use of them can greatly improve your trading.
  16. Trading With Small Account Sizes

    Trading With Small Account Sizes Now that regular forex trading activity has made its way into everyday households, retail traders have been able to enter the market with the ability to execute high leverage levels with very few limitations. But the unfortunate reality is that most forex traders are caught up in the hype and believe that quick riches are possible even when starting with the smallest account sizes. We have even started to see forex brokers offering micro accounts with minimum deposit sizes of $25 or less. This has democratized the trading environment but it has also made many traders with small account sizes vulnerable to quick market reversals that can wipe out an entire savings balance. For these reasons, it makes sense to assess the rules and tools smaller traders must utilize in order to stay in the game and keep their accounts growing. There are many market experts that will actually suggest there are no real differences when trading, and that a smaller account should be approached no differently than large institutional trading accounts. But while this is largely accurate, there are still some things that smaller traders must keep in mind in order to avoid a margin call situation that could deplete your entire trading account. Starting With Realistic Expectations The first problem that plagues most new traders is the problem of unrealistic expectations. This problem can take many different forms. But in most cases, you will see a new trader with a small account get a few successful trades in a row and then start to expect that those results will be duplicated forever. These traders will then start to do the math and figure out how much money can be made each day, week, month, or year. This is destructive, however, because it is taking your mind off of what you should actually be doing (analyzing the market and isolating high-probability opportunities) and centering it instead on scenarios that could make you rich with little effort. Markets are never this consistent, and there will be always be situations where you do better or worse than you have originally expected. Trading projections are generally not very useful (especially in the early stages) because there are going to be many events for which you are unprepared and many market scenarios that might not necessarily conform to your original trading plan. The unfortunate reality is that you are not going to be able to turn a $500 account into $1 million in a month or a year. Even if you max-out on your available leverage, these are unrealistic expectations that should be disregarded immediately if you plan on being an active trader for the long run. Large/Small Account Sizes: Similarities And Differences At the same time, markets are markets and trading is trading. The argument can be made that a $500 account should be traded no differently than a $1 million account (other than the fact that trade sizes should be proportionately smaller). There is a good deal of truth to this, because the probability for a given chart pattern will not change depending on the amount of money that is in your account. In these ways, large and small account sizes are essentially no different as long as you keep your risk percentages to appropriate levels. (Conventional wisdom here suggests that you should never risk more than 2% in any one position.) It is also important to remember the characteristics of the markets you are trading. One example would be differences in the ways gold prices vary relative to currencies. When viewing the market in this matter, the real issue is the strength of your strategy rather than the size or your position. The key here is to view your account in terms of percentages, rather than in Dollar figures. In other words, look to make back your 2% on the trade, rather than trying to make $100 or $1,000 on your trade. It is amazing how often this mistake is made, as traders start to look at the forex market as a source of income rather than as a living organism that does not care about whether you win or lose (or if you have made enough money to cover your monthly bills). It is also another reason why options trading strategies might even make more sense for new traders. Forex trading simply doesn't work like that and if you expect to stay in the game you will need to view your balance in terms of percentages rather than as a potential Dollar figure. Stop Losses and Market Anomalies Large accounts are better positioned and better able to weather market anomalies. As a personal example, I remember being short the EUR/CHF when the Swiss National Bank (SNB) decided to construct a price floor at 1.20. This was done to prevent excessive strength in the CHF but the move was largely unexpected and took many traders (myself included) by complete surprise. I was in front of my trading station when this occurred and I saw prices climb by more than a thousand pips in minutes. I did not have a stop loss in place when this move occurred and this created the biggest loss of my trading career. Fortunately, my position sizing in this case was relatively small and I was able to avoid the total depletion of my account. (Chart Source: CornerTrader) But what would have happened here if I was just getting started? Would I have been able to withstand the losses taken by such an unexpected move? Prior to that day, I never would have guessed that markets (especially the EUR/CHF, traditionally a low-volatility forex pair) could move 1,000 pips in a day -- in any direction. Of course, I was wrong in this case and the mistake turned out to be very costly. For these reasons, stop loss placement is much more important for those with small account sizes as there is much less flexibility and margin for error. The market can (and eventually will) surprise you and destroy your expectations. For those with small trading accounts, proper preparation here (a stop loss) is vital and could potentially be the only thing that keeps your account active when a market anomaly occurs. Conclusion: Does Size Matter? So here we come to the ultimate question: Does account size matter? Unfortunately, the answer is a vague ‘yes and no.’ “Having a small account size means that you will absolutely need to take certain precautionary measures (ie. having a relatively conservative stop loss that is in place),” said Sam Kikla, markets analyst at BestCredit. “This is the only way to protect your account from market anomalies that can erase all of your previous gains in short order.” Another factor to remember is that leverage is much more dangerous when your account size is small. There is absolutely no reason a trader with a $500 account should ever be taking 200:1 leverage. At this rate, it would only take a small string of losses to completely eliminate your ability to continue trading. On the plus side, smaller traders that obey these rules (and focus on percentages rather than Dollar figures) will have access to the same returns as those with institutional accounts (again, in percentage terms). The real issue here is whether or not you are taking an overly aggressive approach to your trades. This is not a viable option for those with smaller account sizes. So, there are important differences that can put smaller traders in a more difficult positions. The positive here is that most of these difficulties are removed when you keep a conservative trading approach, use active stop losses, and structure your trades so that they are working as a percentage of the whole.
  17. What PMI in Forex Industry?

    Hi, I have doubt regarding PMI. I couldn't get clear explanation till now. Can any one explain me.
  18. Based on my own experience as well as working with hundreds of traders over the years, I have come to the conclusion that there are three major components to winning in the stock market. An excellent Method, a customized Plan that fits YOU, and the right Mental Approach. While mastery of each of them is paramount, building the right Mental Approach seems to be the most challenging to master for the majority of traders. Without a winning attitude and the proper mindset, even the soundest of all methods will lead to lost money. In fact, a winner is more defined by mental make-up than by method. This is why the trader with a winning attitude and a faulty approach can still produce positive results, while the trader with a loser's mentality will stumble and fall, despite an excellent approach. Don't think so? What do you actually think causes one trader to play six winners in a row, and another to experience six consecutive losses? How is it that one trader can use a daily newsletter and win, while another uses it and loses? What do you think differentiates the person who buys XYZ and wins, from the person who buys the same XYZ and loses? The difference lies in the Mind, plain and simple. One of the most revolutionary axioms I have ever come across is this: "As a man thinks in his heart, so is he," and this universal truth is just as applicable to traders as it is to anyone else. Monitor the attitude of a winner and you will find a level of confidence and certainty that is almost beyond belief. And while most people will make the mistake of assuming that winners are confident and certain because they win; the truth is that winners consistently win because they are confident and certain. No method, however sound, will work for the trader who mentally pictures himself losing before each trade is placed. And no amount of Money, however large, will save the individual who secretly harbors the belief that, "Whatever I touch, turns to mush." As choice-making individuals, we must choose a winner's mindset. You can never fail, or even feel like a failure, if you recognize the simple fact that you are not your results. You create them, which means that you posses the power to alter them if you happen not to care for them. There is room at the top for all dedicated traders, but the first step is to actually believe that. The second is to start acting like it. Think the part, then act the part and the rest mysteriously takes care of itself. But don't take my word for it. Just try it. Jared Wesley
  19. When to Trade What, Part 1 of 3

    Good Morning All: If the title sounds a little confusing, it was meant to. The issue to be discussed today is not just 'when' to trade. There are trades that can be done any time the market is trading. That does not mean that you should be trading all day long, it just means that the times you pick to trade can be any time, IF you know what to trade. These next three articles will discuss this issue, and are geared toward the 'intraday trader', not the swing trader. When to Trade What, Part 1 of 3 The comment above said that trades can be done any time of the day, does that mean even lunch? Yes. While it is often much discussed 'not' to trade lunch, part of that statement is left off. Do not trade lunch, unless you know how to trade it. Lunch is the time when many traders get into trouble, because they do not realize that many things will not act the same during lunch as they do during 'non-lunch' times. The first issue to consider is the volatility and target expectations. If you could give a 'volatility rating' to the market, or stocks in general, it would look like this. If things move '1' during lunch, they move '3' between 2:15 and close, and move '5' between open and noon. If you do not realize this, targets will be unrealistic and lead to frustration. Before Open: So how do you focus your time? For many people, the time spent between 8:30 and 9:30 may be the most productive (all times are Eastern, New York, market time). Preparing your watchlist, forming a gap list, and starting a market bias can be key to how your day goes. Get ready for the open by picking the best of your favorite stocks, the best of your daily watchlist, and the best of your gapping stocks and know how you will play them, if at all, before the market opens. The First Five and Thirty Minutes: Very few traders realize the power of reversal times, or the power of having the knowledge of how to trade each part of the day. Most traders, who play trends and breakouts, should not even be playing the first thirty minutes of the day. Look at your records. The chances are that you have a very low batting average for trades taken during the first thirty minutes. The only trades that should be taken during the first thirty minutes are based on gaps or other very special strategies. The 9:35 reversal time is one of the most reliable, yet few traders realize its power. Many get stopped out of plays, rather than profiting from, the 9:35 reversal. The above chart shows an example of a price pattern that gapped bearishly, sold off hard for less than two minutes, and turned around so quickly, most traders who mistakenly tried to short the move down suffered losses. Knowing that this flurry move down offers a buying opportunity on a regular basis when played on the right stock can turn potential losers into big winners. Once the five-minute reversals are over, many stocks have solid moves into the 10:00 reversal time. This reversal time can run anywhere from 9:50 - 10:10, but the power move usually comes closer to 10:10. Trends between 9:35 and 10:00 are usually very reliable, if backed by a strategy. However, 10:00 or 10:30 are the reversal times that often set highs or lows for the day. Stocks that do not reverse at these key times may go on to be 'power trends'. Closing Comments: Traders who do not have clearly defined trading plans will not make it in this business; it is that simple. All plans should pay close attention to 'when' trades are being taken and factor in the power of reversal times. Next week, we will look at the power of these two critical morning reversals, and the arrival of lunch. Paul Lange
  20. Pristine Forex Trader

    The EURUSD is continuing to hold its uptrend on the weekly chart after this last retracement. We are starting to come into an area where buyers on the weekly chart may become interested. The daily chart pulled back and tested the 1.3700 level and bounced a little bit. If the EURUSD takes out the 1.3775 level look for a quick move to the 1.3800 in the near term. The weekly chart on the GBPUSD remains bullish. Last week steady buyers came into the market. Watch for the GBPUSD to continue to move higher but wait for a possible PBS on the 4 hour chart near the 1.6600 area. The AUDUSD had a fairly bullish week last week as prices moved into the 40 ma on the weekly chart and the .9300 area. We saw sellers react to these levels as prices began to come off on Friday. Look for the daily chart to possible kick off a retracement to the .9100 to the .9130 area. The USDCAD still looks like the uptrend on the weekly chart is still intact after this recent retracement. The weekly chart may want to continue to come off further or base out. The Daily chart retraced and tested the 1.100 level last week. The hourly chart shows a strong amount of buyers coming into the market at the 1.100 area. Watch for the USDCAD in the short term to make another effort higher to the 1.1100 level.
  21. The Confident Trader

    Do you ever wonder what separates an average trader from a great trader? There are two very important things that differentiate these two types of traders: Discipline and Confidence. Today, I would like to focus on the latter. Being a confident trader is paramount to succeeding. Quite frankly, without it, it will be very difficult to attain a high level of success. There is a fine line between confidence and doubt, especially in trading. After several winning trades, most people typically have a positive approach to their next trade. However, after a few unsuccessful trades, many traders lose that "swagger" and the shrouds of doubt begin to creep into their mind. These demons can appear in several aspects of trading. Sometimes it's as simple as being afraid to pull the trigger on your next trade. Other times it's that strong desire to make your money back at any cost and then taking every trade you see, despite the patterns being of lower quality. Confidence will even affect trade management. For example, selling the winners too soon, and allowing the losers to run right into your stop loss, and on the extremely undisciplined side, letting losers run past your stop loss. These are just a few of the things that can happen when a trader loses confidence and let's doubt cloud their vision. This is why confidence can literally make or break a trader! I'm sure many of us have watched a basketball game in which a great player scores 50 points. After the game the interviewer commonly asks, "You were on fire! So what was it like out there?" The player often responds with something to the effect of, "I hit a few early on, built some confidence and after that I was in the zone! The basket looked twice as big as usual! I was really feeling it tonight." Trading is not much different. After 4 or 5 winning trades in a row, we believe we can do nothing wrong. Why? Confidence. On the flip side, if a basketball player misses 10 shots in a row, they might be more hesitant to take the next shot. However, the best players still want the ball. Despite missing 10 shots in a row, they still want to take the game winning shot. In this situation most average players would shy away from that kind of pressure, especially after such a terrible game. But the best always want the ball, regardless of the situation. It's simply a matter of confidence. Down to their core, they still believe they have what it takes to win the game, regardless of what happened previously. Do you have that level of confidence? How can we keep a confident, consistent approach to trading despite the inevitability of losses? The first thing any good trader will do is OBJECTIVELY evaluate the situation. Take a step back and look at the trades you've taken and ask yourself if they are within your trading plan, and what was the root cause of the problem? Were the patterns lacking in quality? Were you distracted by an outside influence or some other event in your life? Was the market not conducive to trading (i.e. a no-follow-through market)? Or was it just a matter of simple odds? Yes, sometimes it's just a matter of odds. Although it doesn't happen often, on occasion even good trades don't work. Unfortunately, after most traders have lost a few in a row, they get very "gun-shy" and start thinking about all the negative things that could happen if they took another trade. In this way, we start to question whether a certain pattern is "good enough" or whether we ourselves are good enough to make it in this business. By this point, our positive mental approach has been shattered, filled with fear and riddled with doubt. So the next time a great pattern appears; we will often pass on the opportunity, due to our increased sense of loss. One of the huge differences between a novice trader and a successful experienced trader is the ability to recognize what is happening, without letting our emotions make the decisions for us. A professional trader is a disciplined, objective individual who is extremely confident in their approach. Not only does this relate to taking trades, but it also relates to managing trades. Many novice traders will sell too soon in fear that the trade will go against them, yet they are all too happy to let a trade stop them out. The novice will take full advantage of the losers, yet cut the winners short. The root of this problem is confidence, or lack thereof. For a professional trader, his/her hope for gain far exceeds their fear of loss, whereas with a novice trader; their fear of loss far exceeds their hope for gain. The experienced trader knows that in the long run, over the course of a week, a month or a year, the odds will work in their favor. So, maybe they lose 3 in row, or perhaps they have a trade that gets within 3 or 4 cents of their target only to watch it pull back and stop them out. Despite these circumstances, they are not tempted to deviate from their trading plan when the same situation arises again, because they are supremely confident that the odds will work in their favor in the longer term. How many people have "almost" gotten to their target, only to watch the trade pull back and stop them out? What happens the next time this situation occurs? Many novices will take the money and run, in fear that the same situation might happen again. Once bitten twice shy. Yet, to their dismay, this time, the trade continues on and not only hits their 1st target, but eventually goes on to hit their final target. Frustrating isn't it!? This is why it is so important to stay disciplined and confident at all times and to not adjust your plan until you have back tested the results over a period of several weeks or several months. Professional traders come in everyday with the same positive attitude, expecting to make money. Even if, for some reason, they lose money on Monday, this absolutely will not change their approach on Tuesday or Wednesday. They wake up with the same belief every day, and that belief is the product of confidence. They are confident that what they are doing is right, and it will produce results. Even the best traders have losing trades, and on occasion, losing days. Losing is part of this business, it is completely unavoidable. It's just a matter of time before you have a losing trade. This doesn't mean you are a failure, or that you don't know what you're doing, it just means that for 1 trade out of 100's or even 1000's something went wrong. It's our job to figure out what went wrong, and to fix it. Remaining confident and positive allows the astute trader to quickly evaluate the situation and move on with even more confidence than before, because they've now eliminated one more way to lose. Remember, confidence breeds success, and success breeds confidence!! So, the next time you find yourself in a rut, perhaps having lost several trades in a row, do not let fear and doubt creep into your psyche. Just remain focused on the task at hand, which is to find quality patterns that produce results. We've all had losing trades; it's how we handle them that will define our success. Remember, those "few" losing trades will be very insignificant compared to a lifetime of trades. Don't let your fear of loss overpower your hope for gain, because the disciplined, confident trader is a successful trader! Always stay positive and objective! Jared Wesley The Confident Trader Day Trader School
  22. When to Trade What, Part 2 of 3

    Good Morning All: If the title sounds a little confusing, it was meant to. The issue to be discussed today, is not just 'when' to trade. There are trades that can be done any time the market is trading. That does not mean that you should be trading all day long, it just means that the times you pick to trade can be any time, IF you know what to trade. That is the point of this article. When to Trade What, Part 2 of 3 That was the opening paragraph last week in part one of this three part series. In the last letter we looked at some 'pre market' organization, and we discussed the first reversal time, 9:35 (all times are Eastern, New York, 'market' time). We then mentioned the next two reversal times, 10:00 and 10:30. This week, we will talk about those two key times, as well as the beginning of the 'lunch hour'. Next week we will conclude with part three. There are 9 micro reversal times. 4-5 of them are major and critical. Also, understanding HOW to use them and HOW they interact is imperative. Let's look at the morning reversals, 10:00 and 10:30: There is also a minor reversal time at 11:15. It is simply amazing how many traders do not use the reversal times to their advantage. This probably spawns from the fact that many traders do not even know or understand them. If you are one of those traders, you are going to learn something that will change your trading career in the next couple of paragraphs. A picture says a thousand words, so look at the charts below. These are the three five-minute charts of the QQQ from the LAST THREE TRADING DAYS, period. We generally give the reversal times a window of 5-10 minutes on each side. The key is when the Pristine Buy or Sell setup occurs, at the approximate time. The yellow 'stars' show the two major reversal times we are discussing. They are all happening 'right on the money', though they do not need to in order to be effective. Second, these charts are simply that last three days. They are not the result of a special search. If you continue this exercise on your own, you will be astonished. Most other days are even more amazing. Note, that the 10:00 and 10:30 major reversal times form a reversal, every time, and one of them usually sets the high or low for the day, or at least for the morning. This is typical of what you will find every day. Again, no effort was used to find these charts for this article. The only time this is not 'amazing' is when we have 'power trend' days that do not really reverse at all, and that is because the very definition of a power trend day is that the market carries a trend one way all day. Sometimes these days don not begin until the 10:00 reversal time puts in the first reversal, but these power trend days are rare; usually one every other month. Don't believe it? No problem, go take a look for yourself. Go print out a bunch of five-minute charts. Print them from the market, the futures, or your favorite stocks. Print some from this week, some from a month ago, some from two months ago. It does not matter. Then go through and draw vertical lines at 10:00, and 10:30. You will be shocked and amazed that virtually every day, you have drawn lines though the high and low of the day, or at least the high, until much later in the day. And you thought trading was tough. The next time period to look at is the beginning and ending of lunch. These times can change a little depending on if the market is 'trending' or choppy. Generally, the last true move ends around 12:20. We often count lunch as starting at 12:00, but if there is a strong trend in place, it may follow through until 12:30. On strong trend days, the last reversal around 1:30 often sets the trend back in place. If it is a choppy market (80% of the time), lunch may stay choppy, until the 2:15 reversal time. This one is usually in stone, and the whole lunch concept, as well as the afternoon reversals, will be discussed next week. Closing Comments: Traders who do not have clearly defined trading plans will not make it in this business; it is that simple. All plans should pay close attention to 'when' trades are being taken and factor in the power of reversal times. Next week, we will look at the power the lunch and after noon reversal. Paul Lange Vice President of Services Pristine Capital Holdings, Inc.
  23. My VSA Diary

    I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies. Background about me: Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex. Things I'm looking for in the charts: I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts. Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market. Let's begin
  24. Hello folks, I want to start a free chat room for serious traders using Volume Spread Analysis and Wyckoff methods on their day-to-day basis. Im usually online from the middle of London session to the end of NY session (somedays I may be online for the open of the Tokyo session). Details: 1.- No head trader: Nobody giving signals or anything, no guru, just serious traders sharing charts, analysis and talking about Smart Money manipulation. ie: Chat user1: Hey guys seems like GJ its being accumulated after that selling climax Chat user2: Yes, I will be buying any no-supply bar anytime soon 2.- Free of charge: Kinda like the forexstreet chat in the forex socialnetwork but without all the newbies, scammers, signal vendors. I don't like the forexstreet chat personally because it gathers all type of traders with all types of strategies, experience, etc. Because of this, it usually gets a little messy (just my humble opinion, no offense). The idea would be something very similar to this but for VSA and Wyckoff traders only, trading spot forex and/or currency futures on a serious day to day basis. 3.- Non-educational: The motivation of the chat room would not be for educational purposes but I´m a believer that everyday is a learning opportunity and I am always open to learn something from everybody. So, obviously we all will be learning together from each other, but this would not be the main reason of the room. 4.- Real purposes of the chat room: Meet fellow traders using the same methods (Wyckoff and VSA) to make money in the markets, manipulation talk, sharing analysis, basically all the purposes of a trading community but with a filter for Wyckoff method's believers and VSA traders. Important: The chat would be using a private instant messenger like Skype, Hangouts, etc. I don't want to be the "owner", I want the chat open when Im not online so Im open for suggestions from all of you interested. If you use VSA and/or Wyckoff method to trade the currency futures or spot currency markets you are very welcome to join with ideas to make this happen. Please let me know by replying in this thread or via PM Warm regards from Mexico,
  25. NSFX

    NSFX has been a great broker, providing great trading conditions, personalized to my needs, with the help of their account manager. The service is very good, close attention to detail and to the client needs. Easy withdrawals as well.
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