Is Forex Profitable?

[blurinvestor]

I used to be very concerned about news when trading in my earlier days. Now I view them as noise. But it is a necessary evil to create volatility to move that many pips to hit that target. Of course it might go the other way for you to buy the dip or other strategy.

Yes, different strategies but as long as we are in the money.

For me I like to book profit, if there is, before news. And wait to reload. Target still the same 0.88XXX.

 

[Knight_Rider]

Yup easier to trade the retracment. But you also need to practice so that your indicators can let you visualizer the right of the chart. You can't trade well if you don't know what is going to happen.

 

[blurinvestor]

Yup easier to trade the retracment. But you also need to practice so that your indicators can let you visualizer the right of the chart. You can't trade well if you don't know what is going to happen.

My indicators let me visualizer the right of the chart - 0.88XXX
AUDUSD - 0.735XX

Better not mention about indicator nor chart, less we are being seen as SNAKE OIL SALESMEN

 

[Knight_Rider]

My indicators let me visualizer the right of the chart - 0.88XXX
AUDUSD - 0.735XX

Better not mention about indicator nor chart, less we are being seen as SNAKE OIL SALESMEN

Even the blind can see they gang up against me which my indicators predicted. Professor KFC is too childish to solve it himself. I did it on purpose so as to show how biased some threads are. Like I said when you tell a lie 10000 times together it becomes the gospel truth.

 

[blurinvestor]

My indicators let me visualizer the right of the chart - 0.88XXX

comments after comments that make it go up and down
0.869X - out of the games
0.870X - reload area
0.872X and above - no trade area

Observe these 2 pairs with D1 and M5 charts - EURAUD and EURNZD, you might learn price volatility before a U-turn in higher time frame. (for screen time only, or use demo account). You can gain great insight why price react at this area.

 

[blurinvestor]

Same games plan -

Today will be more volatile, liable to change rapidly and unpredictably, especially for the worse, hence trade at your own risk.

0.860XX - out of the games
0.865XX - 0.8700X - set buy limit
0.871XX and above - no trade area

Target - 0.880XX
Trail stop if applicable.

look for good price to buy USD on Friday (most likely after LO) - i.e.
SELL - EURUSD, AUDUSD, NZDUSD
and keep till Monday

So should I buy EURUSD, AUDUSD, NZDUSD till Friday before LO.

 

[blurinvestor]

Observe these 2 pairs with D1 and M5 charts - EURAUD and EURNZD, you might learn price volatility before a U-turn in higher time frame. (for screen time only, or use demo account). You can gain great insight why price react at this area.

Yesterday Bull is trying to U-turn these 2 pairs on the Daily chart (D1). If you have spend the whole day watching them you would have learn 1 of the most important aspect of price action. And if you have put any indicators (MA, etc), you will know that they are of no use. PRICE ACTION (PA) is what you need to master.

Trading forex is simple - BUT are you willing to spend TIME (at least 6 months) staring at the screen (better 2 -3 screens) and just use demo accounts.

 

[blurinvestor]

Same games plan -

Today will be more volatile, liable to change rapidly and unpredictably, especially for the worse, hence trade at your own risk.

0.860XX - out of the games
0.865XX - 0.8700X - set buy limit
0.871XX and above - no trade area

Target - 0.880XX
Trail stop if applicable.

trailing and lock in 30 pips

 

[blurinvestor]

trailing and lock in 30 pips

trail out with 45 pips.

USD outlook the same.

Also interested in AUDNZD and EURAUD.

 

[blurinvestor]

0.860XX - out of the games
0.865XX - 0.8700X - set buy limit
0.871XX and above - no trade area

Target - 0.880XX
Trail stop if applicable.

Target hit - 0.880XXX

Next Target - 0.885XXX

 

[blurinvestor]

Games plan for USD -

look for good price to buy USD on Friday (most likely after LO) - i.e.
SELL - EURUSD, AUDUSD, NZDUSD
and keep till Monday

 

[blurinvestor]

Target hit - 0.880XXX

Next Target - 0.885XXX

0.885XXX - target hit

 

[blurinvestor]

past few months when the market was choppiest I have the very fun to dance with it.
Just like trading this choppy EURGBP for the past couple of days, rinse and repeat -
0.860XX - out of the games
0.865XX - 0.8700X - set buy limit
0.871XX and above - no trade area
Target - 0.880XX
Target hit - 0.880XXX
Next Target - 0.885XXX
0.885XXX - target hit


Another trader was calling for NZDUSD SELL on 13/11/2018 - 0.6730 is a good entry level for 0.6585 TP
NZDUSD as of now - 0.68320, hundred pips away from that call.

my hint on 14/11/2018 -
look for good price to buy USD on Friday (most likely after LO) - i.e.
SELL - EURUSD, AUDUSD, NZDUSD
and keep till Monday
So should I buy EURUSD, AUDUSD, NZDUSD till Friday before LO.
Look at the daily candle of these pairs since Tuesday (14/11/2018).

Forex movement is the same, the concept is still the same.

 

[blurinvestor]

BTW I am closing EURUSD, AUDUSD, NZDUSD now. No position till 6.30 -7pm Going fishing

Have you ever take note of the price movements around 5.45 - 6.45pm

 

[blurinvestor]

my hint on 14/11/2018 -
look for good price to buy USD on Friday (most likely after LO) - i.e.
SELL - EURUSD, AUDUSD, NZDUSD
and keep till Monday

All my trailing stops get taken out for these pairs.

 

[blurinvestor]

Yesterday Bull is trying to U-turn these 2 pairs on the Daily chart (D1). If you have spend the whole day watching them you would have learn 1 of the most important aspect of price action. And if you have put any indicators (MA, etc), you will know that they are of no use. PRICE ACTION (PA) is what you need to master.

Trading forex is simple - BUT are you willing to spend TIME (at least 6 months) staring at the screen (better 2 -3 screens) and just use demo accounts.

Look like the U-turn is set for this 2 pairs (EURAUD and EURNZD). This could be a long term trade, adjust trail stop as necessary but must give wider allowance to keep the trade going for 500 - 600 pips profit. These 2 pairs still have lot of room to run. BUT one cannot be 100% sure hence STOP LOSS is your best friend.

Trading forex is simple, don't over complicate it by watching who is speaking - so what if Mario is speaking or not if you don't know what is the outcome.. All you need is that you are in total control of how much you want to give to market, and let market decide the move.

Just spend few months looking at Price Action with demo accounts. Charts your road map by looking at the left.

 

[Trader11]

Anything worth trading today???

 

[blurinvestor]

Look like the U-turn is set for this 2 pairs (EURAUD and EURNZD). This could be a long term trade, adjust trail stop as necessary but must give wider allowance to keep the trade going for 500 - 600 pips profit. These 2 pairs still have lot of room to run. BUT one cannot be 100% sure hence STOP LOSS is your best friend.

Trading forex is simple, don't over complicate it by watching who is speaking - so what if Mario is speaking or not if you don't know what is the outcome.. All you need is that you are in total control of how much you want to give to market, and let market decide the move.

Just spend few months looking at Price Action with demo accounts. Charts your road map by looking at the left.

EURAUD - 80+ pips and EURNZD -100+
They are worth trading since morning.

Actually can close liao, if you are not gunning for 500pips.

 

[blurinvestor]

AUDJPY generates to most profit for me.
This pair always want to stay up. When AUDUSD goes up it will go in tandem.
When AUDUSD goes down, it will follow USDJPY if it is going up.

So only buy this pair when the price is right. Even if you are wrong, it will recover in no time. The best pair for NO STOP LOSS , seriously. But if you sell it, you are asking for trouble.

And always sell GBPUSD when price is above 1.33XXX. If price move to 1.345X bet your house with it.

 

[blurinvestor]

AUDJPY - enter 1 long position at 81.55X

It can go lower.