Is Forex Profitable?

[blurinvestor]

Following her for the last 3 years. I have gained much knowledge about forex.
Her style of writing is very simple for me to comprehend.

Kathy Lien

There are a few more good ones out there.

 

[blurinvestor]

TRADE WAR - unending theme

 

[blurinvestor]

back to square one S/R Sell area. AUDUSD continues oversold, might reach my road map.

I'll just follow my road map.
btw all indicators used are easily available if I search for them, I won't go SLQ to look for these so-called pirated softwares.

Seriously, indicators are indicators and they are lagging. I have to make my call based on what is being indicated.

 

[blurinvestor]

Indicators indicate which charts are of interest to me and I have to make decision.

 

[blurinvestor]

45pips

 

[blurinvestor]

not in sync, closed some, trail stop the rest.
80 pips

 

[joeubk]

not in sync, closed some, trail stop the rest.
80 pips

May I know what software u are using?

 

[blurinvestor]

May I know what software u are using?

MetaTrader 4 platform. Some indicators come with it. The rest I searched from the internet. I did a lot of forward testing to combine those that work for me.
I'm still learning and I don't guarantee it works for others.

Sorry and good that I don't have any links to the indicators else my snake oil business will be exposed.

 

[blurinvestor]

Higher time frame still in sync. The rest still running - 100pips continue to trail.

I have learn to trail the winners and humbly allow losers to be STOP OUT.

 

[blurinvestor]

27-03-2018, 08:18 AM
Outlook changes so does road map - look for BUY.

Road Map of AUD - BUY on 27-03-2018, 08:18 AM

EURAUD - so I also watch the AUD, which is still strong.

I am still learning. This is my amateurish way to trade forex.

 

[blurinvestor]

Lower time frame M15 - It might just ding dong up and down 40pips (accumalation)

Commodity and Safe Haven currencies having fun dancing up and down.

Risky scalp? Definitely, if I don't drive with a road map and have no stop loss in place. I apply tight stop loss and dance with them. Buy/Sell stop for any breakout.

 

[blurinvestor]

How about those? If post all screenshots than I will be worst than hao lian.

Well, trading forex should be very busy pressing buy, sell, buy, sell from morning till early morning

Those are the same, I have to watch the base and counter/quote currencies, and drive with a map.

 

[blurinvestor]

Nothing to see. Most likely market in tight range.

 

[blurinvestor]

getting tighter, from 40pips to 20pips.

shift buy stop and sell stop to catch the breakout.

 

[rrr2015]

nice work on the heat map. may i know which MT4 templates you using ...
are you trading (or got any strategies) for longer time frame?
thanks!

not in sync, closed some, trail stop the rest.
80 pips

 

[blurinvestor]

nice work on the heat map. may i know which MT4 templates you using ...
are you trading (or got any strategies) for longer time frame?
thanks!

No, they are not templates, they are indicators. I do let my trade run with trail stop till they are stop out. EURAUD, last 2 positions already stop out.

 

[blurinvestor]

getting tighter, from 40pips to 20pips.

shift buy stop and sell stop to catch the breakout.

I just have to wait, and it break down, I do catch some.

 

[blurinvestor]

Outlook changes so does road map - look for BUY.

Road Map of AUD - BUY on 27-03-2018, 08:18 AM


EURAUD - so I also watch the AUD, which is still strong.

I am still learning. This is my amateurish way to trade forex.

Just follow my road map. I know there are times when my global positioning system might give wrong direction. But I got this right, thanks Market for being generous.

 

[blurinvestor]

I need to know what I'm doing with my trade. Hence, I need to have a plan.

Above candle chart doesn't tell me much. I need some reference points to know the price movements.

I marked Opening price of Month, Week and Day. Now, the chart make some sense to me. Price now is above Month/Week open.

I plan to BUY when price is above Month/Week Open. I will wait for price do go below 131.040 before putting a buy limit at 131.043. If price drop below Month Open, I will not enter any trade.

If the trade is executed the STOP LOSS will be at Month Open 130.975. This is first week so only Month Open, else STOP LOSS will be at Week Open.

Above is just for my own practice, I trade my plan.

 

[ipaq4444]

Just follow my road map. I know there are times when my global positioning system might give wrong direction. But I got this right, thanks Market for being generous.

you use your basket as a alert? base off 1 min chart? but if you are using stop limit order, the basket will not really be necessary? will you also use the basket higher time frame as well? or only that particular pair higher TF? how do you pair the sequence?