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Apr 20 2015 at 08:54
116 ieraksti
When trading any market (including forex) you have to ask yourself - who can you trust!

Can you trust the media? - NO (manipulation)
Can you trust fundamentals? - NO (it is manipulated information)
Can you trust indicators? - NO - they are delayed information, they never give you exact trade-entry prices.
Can you trust someone's judgment of the markets (including your own)? - the answer is NO!

So - who or what can you trust when putting your money at risk?
It is the EMOTIONAL REACTION of all traders combined, who react to the market-makers' price dictation!

These emotions never change - and therefore you can trust them.
Just look at yourself - you always react to price action - you never ACT!
Why? Because you don't have enough money to manipulate prices - it's that simple.
You would need BILLIONS (not millions) to do so - and you just don't have that kind of money.

PRICE BAR FORMATIONS derive from the EMOTIONAL REACTION of all traders combined in a market, to the price dictation of the market makers and operators.

And therefore you can trust PRICE BAR FORMATIONS!

There are 3 types of price bar formations:
MAJOR - INTERMEDIATE - and MINOR trade entry signals.
Historically - they have a high rate of success. You can go back 30 year in chart history and you will see the same formations as you see today - they have not changed at all.
Why? Because traders today react the same way to market makers' price dictation as they did 30 or 40 years ago.

I am talking about PRICE BAR FORMATIONS and NOT CHART FORMATIONS (chart formations are just visual aids - like 'head and shoulders' - and in the end give you nothing!)

Only with price bar formations you can (with some practice) trade any market and eliminate 100% any emotional involvement.

You start trading 'what you see on the charts' and NOT 'what you think' about a market.

+1 😎

honeill (honeill)
Apr 20 2015 at 08:54
1141 ieraksti
EURUSD rose on Friday’s session breaking above the 1.0815 Fibonacci level but found enough selling pressure to give some of the early gains however close in the green at the middle of the daily range. The pair is making lower highs and higher lows a sign of consolidation and the stochastic is flat but above the 50 mid line.

"I trade to make money not to be right."
Apr 20 2015 at 09:03
1117 ieraksti
There is a hanging man candlestick on the EUR/USD daily filter chart. I expect a movement to the downside should the pair break below the support at 1.0740.

Apr 20 2015 at 14:56
372 ieraksti
EUR / USD closed the week slightly upwards.
The RSI to 14 days is now testing its line of 50 and MACD, although negative, again crossed above its signal line.
The EUR / USD is still trading below the moving averages 50 and 200 days.
A close above 1105 may mark the completion of a standard 'double bottom' and maybe make room for broader bullish extensions.

Apr 20 2015 at 17:41
454 ieraksti
Price rebounded nicely from the resistance level making a drop of 100 pips.

Apr 20 2015 at 19:21
413 ieraksti
EUR/USD rebounded from the 1.0740 support by the end of the day because of the weakened of the euro with the Greece problem. And may be we will see more down trend this week.

Apr 21 2015 at 00:54
230 ieraksti
Greek problem will be the main driver for Euro this week, ECB's Vice President Constancio said that Greece might not have to leave the euro area even if it defaults on its debt, unless the decision comes from the Greek government itself. Let's see what will happen this Friday.

Apr 21 2015 at 01:44
834 ieraksti
Abdul2012 posted:
EUR/USD rebounded from the 1.0740 support by the end of the day because of the weakened of the euro with the Greece problem. And may be we will see more down trend this week.

Very likely we will see more down trend this week, but at the moment still trading within the range.

takechance (takechance)
Apr 21 2015 at 06:48
271 ieraksti
The pair is just now breaking below an important wave support at 1.0713. High chance of reaching 1.0520 again.

Vu Phong
Apr 21 2015 at 06:50
3 ieraksti
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