Is Forex Profitable?

[blurinvestor]

Short and see

 

[blurinvestor]

closed with 20 pips

yes this is mini-lot size so it won't look tempting for those who are not familiar with forex

 

[blurinvestor]

just back from kayL evacuation operation, better safe than sorry

All schools closed there becos of haze what a coincident, or something else?

good games plan to shift focus.

BTW the haze there is real bad. If vote for me I will stop the haze in a week. My working plan is to airdrop all the ceo, directors, and chairmen of these plantations, including all their family members, right at the heart of all these hot spots.

 

[Perisher]

BTW the haze there is real bad. If vote for me I will stop the haze in a week. My working plan is to airdrop all the ceo, directors, and chairmen of these plantations, including all their family members, right at the heart of all these hot spots.

At least that's something. Make sure all the CEO/ministers etc... breathe in deep deep for an hour for each day they fail to solve the haze...

 

[blurinvestor]

Waiting for opportunity to long EURUSD and stop the trade before New York open.

 

[blurinvestor]

go for short, looking for 10 - 20 pips

 

[blurinvestor]

Closed with 10 pips

 

[blurinvestor]

now wait for London open, and see how market moves in the first half hour to 1 hour.

 

[blurinvestor]

looks like price wants to move down till New York open. let see

 

[blurinvestor]

Price no action, no trade for now.

 

[blurinvestor]

win or lose will closed before news or new york open

 

[blurinvestor]

going out hence close trade

just 1pip

 

[blurinvestor]

tonite FOMC news will be interesting.
1. close all trade before New York Open
2. make a guess about the rate hike and gamble.

as for me, i think i will only long till new york open cos if caught on the wrong side I have to write ton of nonsense again

when we trade forex during news about rate hike, we also need to look at the price movement of US stock and Gold

 

[blurinvestor]

the average now is 80, don't expect it will move much till 12 noon.

open a long

will be back late evening bye

 

[blurinvestor]

Gonna close earlier, going for dental appointment.

Forex can be profitable if you spend time understand price movement and news surrounding it. Oh ya plus some sceptical nonsensical interpretation of the pig and big boys and how they profit by "regulating" the market. It will be interesting if Edward Snowden releases them to the public

After this maybe I will try to show how to test indicator rather me trading cos this won't help others.

 

[blurinvestor]

Testing each indicator is a long process. To gather a higher winning probability combo of indicators requires 2 - 3 months of works hence nobody would want to share them.

Will be testing Stochastic and RSI.

W1 to H1 show Red bar or candle but above MA20 and MA50.

But I am looking at lower time frame hence based on the red bar/candle of W1 to H1, I wanna try short for 10 - 20 pips.

So H4 - M5 I would like to see RSI pointing downward and below 50.

So wait and see. The indicator movement in lower time frame change very fast. So we check from higher time frame to lower for confirmation.

I am now testing the accuracy/probability of this indicator.

 

[blurinvestor]

So I would set the platform to see all the time frame.

Now if I want to short this pair, I have to ignore the W1. I am waiting for RSI to go below 50 in the H1 time frame.

 

[blurinvestor]

will short when M5 go to the top and point down

 

[blurinvestor]

uploading image and typing hence I miss the top of M5. Nonetheless short opened.

this is for lower time frame seeking 10 - 20 pips.

 

[blurinvestor]

looking at what I post, I found a serious error. H4 and H1 should be at the top and coming down to 80.

But since the H4 already below 50 hence H1 below 50 still got hope for it to go down 10 - 20 pips.