What is the first thing after registering in myfxbook?

Thanks Ardit GBPUSD is working out whit my strat, so i am in a sell trade now.

I am waiting to Buy GBPUSD on mentioned levels because I think todays move will prove to be corrective. I prefere to trade trends not corrections.

If you ar short I would recommend to scale some shorts and move stop to high or breakeven.

Hi, It is a strat i try out that seems to work (so far) i took profit on the trade @ 45 pips.
Normally i don't trade this way but once i saw your post i was in the trade and :)

Even i don't write much on the forum i am a big fan of your posts believe me i read all of them....

Thanks for sharing

@Marnix well I don't want to change your point of view on the market. I'm just writing my point of view on different pairs that I think offer good opportunities to trade. Of course I can be wrong too that is why i use stop loss.

If you are wondering about the levels I'm looking to buy, here is the chart.

Hello Ardit,

I just came home from a very heavy day, during the day I was reading your very interesting posts, right now, I insert a pending order on BUY - GBPUSD at 1,6502 waiting to get into the trade of th enew trend.

On my way, I think that EUR will drive up in BUY on all the crosses, due to Politic new Governance.

At the moment I opened in BUY also EURJPY
 
Last night I have been continuing studying my strategy, called Long term, I'll post here the translation in english on how it works, and continue studying and I read Fibonacci levels and the analisy to enter in trades on the retracements on week and then on Day graphics.

Thank you for all your efforts, thanks also to Marnix

Take care

Just to clear up some obscurities, all the advice and stuff you are reading here is about only one type of trading, technical. The forex market as it now exists is only about 12 years old. In the beginning, aprox. 2001, there were no strategies created for the new forex market, new traders brought over their systems from the stock yards and futures markets. They did not work on the new forex market too well and over 90% of trades were lost. Today that rate is down to about 80%. In the early days the warning to new traders was don't trust you broker, today, your broker can be your best friend, times change.

There are three types of trading, fundamental, which is trading the news, technical which is more like an art form, you either get good or drop out, and systemic trading, which was created for the forex market. Systemic trading is mathematical in nature because it works with robots. Currently more than 70% of all investment trades are done via computer and investment programs. The big investment companies rely heavily on these investment systems. There are a number of EAs or investment robots available today but they were mostly designed for high risk-high profits. For someone just starting out, I recommend going to the forex-assistant.com website, there is nothing to buy there, just learn about systemic systems. The book 'Robotic Investing' is a course work into systemic trading.

Technical trading is hard because you are learning an art form, systemic trading is easy to learn because it is more science than some new way to read charts. There are 4 types of systemic trading systems available at the moment, you may download any of them and use for as long as you like on a demo account, so you can see how they work while you are reading about them.

Check out the win-loss record for RISE on the history tab ( https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913 ) You will never see this with technical systems.

After you are comfortable with systemic systems then go to BabyPips or Investopidia to learn the technical systems. Some stay with systemic and never learn technical or fundamental, but a good trader will continue to learn even after he already knows it all.

To the guy who lost all his money, most new investors do because they don't start or stay long enough using demo accounts. That is why they exist, use them. You will always have some looney tune saying that demo trading is different than live trading because there are no emotions involved, that is just nuts. You don't want emotions involved and by demo trading and learning your skills, you will keep the emotions from being involved. The moto is, 'Learn before you earn'.

The fastest way to learn to trade is to start with systemic trading and that is at the forex-assistant research site.

Hope this helps,
Bob

New trade idea.

Short EURGBP two equal lots at 0.8270, set stop loss at 0.8310. First target 0.8210 and second target 0.8060. Good setup based on risk/reward perspective. It seems good idea to play some GBP strength before going short vs USD.

If 0.8220 breaks before trade gets filled, cancel the entries.

Today I got the opportunity to partially jump short EURGBP at 0.8250, scale some profits at 0.8217. Unfortunately entry at 0.8270 did not get filled. So deleting the entry is advised.

EURJPY next support is 138.00 - 138.60 then the pair must make another leg higher than 142.50. If anyone makes buys on support, put stop loss below 136.15.

GBPUSD, no change in strategy. Waiting for the dip to get long.

Check your imbox I'm sending a new trade setup. PM if anyone else is interested :)

Cheers.

ahuruglica posted:
EURJPY next support is 138.00 - 138.60 then the pair must make another leg higher than 142.50. If anyone makes buys on support, put stop loss below 136.15.

great analysis bro..

Thanks :)

Hi Ardit,

My friend who have same style with you published an Elliot roadmaps for EUR/USD,
you may check it out, and share.

Regards

EURGBP trade Idea posted above is reactivated. Wave count is still valid so take opportunity to short on asian session at 0.8270 (or as much near as possible). With same stop and targets.

Yohana I don't have acess at chars right now so I will post my EURUSD count later. My experience on EURUSD the last few months was little harsh so I decided to stay away for a bit. In short words, I'm bullish short term eurusd and bearish on longer term.

I'm tracking S&P500 and DOW to get a sense on EURUSD also market sentiment. Indexes are still bullish so it means that EUR will appreciate vs USD. Also retail traders are heavy short EURUSD which supports my bullish bias on short time frame, next 1-3 months. As you might know, indexes are on record high so that a market crush is coming, it's just a matter of time. So we will see a 'risk off' theme and extreme moves on EURUSD.

Also markets was calm in relative terms in 2013 so many EA-s were profitable. In a few months we will see shift on market sentiment a some fast moves. I't is going to be very bad for EA's and better for manual traders.

Hello,
I apologize my stupid question, but, ok, I am studying also the Elliott Wave theory, but, how come do you calculate exactly the waves and the levels? do you have a special tool?
Maybe I missed something, excuse me in advance and thank you for your precious time.

There is no such a thing as a stupid question, my friend?

No I don't have a special tool, only some brains and experience. I'm not a fan of fancy indicators, or any indicator in particular. All indicators are driven by price action, why trade based on indicators and study on them, when I can study price action and trade on it. There is only one true support and resistance indicator, it is Fibonacci sequence and ratios. There is some universal underlying truth about it and it works perfect on the markets.

I try to simplify the over complexity of the markets and trade only patterns that I recognize.

Dear @yohana

I have a slightly different view on EURUSD than EW Roadmaps. I don't think it is in impulsive 5 waves because on shorter time frame wave structure does not support that view. It is rather a Zig Zag formation and it has enough bullish momentum to make new highs.

My view is that it can make a deeper dip to finish wave ((X)) then make a new high. That way it will break trend line support and deceive traders that the trend has reversed the make new high. As per alt. view wave ((x)) has already happen and it will respect trend line support make a new high. Both views are valid.

As I stated above, I am avoiding EURUSD for some time.

EURGBP short entry got filled, waiting for the firs target to get hit and bring us some joy :)

First target filled on EURGBP +60 pips

Let profits run. Will notify if I decide adding to short possition.

SL trailed to 0.8255, additional +15 pips locked.

ahuruglica posted:
Dear @yohana

I have a slightly different view on EURUSD than EW Roadmaps. I don't think it is in impulsive 5 waves because on shorter time frame wave structure does not support that view. It is rather a Zig Zag formation and it has enough bullish momentum to make new highs.

My view is that it can make a deeper dip to finish wave ((X)) then make a new high. That way it will break trend line support and deceive traders that the trend has reversed the make new high. As per alt. view wave ((x)) has already happen and it will respect trend line support make a new high. Both views are valid.

As I stated above, I am avoiding EURUSD for some time.

What did I say about EURUSD.