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 Forex version XVII, Foreign Exchange Market Discussion

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aviera
post Oct 19 2015, 07:48 AM

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Hi,

Any good advice for trade this week? Anybody really good in reading the trend using the candlestick chart?
aviera
post Oct 19 2015, 02:52 PM

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QUOTE(carrer @ Oct 19 2015, 02:22 PM)
Why only candle stick?
What makes you believe so much in candle stick?
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Dunno' . I don't even really understand the bullish bearish pattern or what so ever but at least it is a start for me to be systematic trading. Before this I just follow my intuition or "agak-agak" whether the trend will go down or not. But anyway it is because of Dr. Charles Burns video based on the candlestick and showing how to read the trend so that is why I am looking for someone who can explain in a more simplified way.
aviera
post Oct 19 2015, 04:45 PM

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QUOTE(carrer @ Oct 19 2015, 04:42 PM)
It's not wrong by the way because there are thousands of ways to skin a cat.
If your approach is systematic, you have to be mathematical and statistical.

Do some backtesting, manually or automated, to see if the pattern has a positive expectancy.

Let's say you make a 100 trades on your backtest.

Calculate your winning percentage. For example 40%.
Losing percentage would be 60%

Then you calculate your average winning pips. Let's say 100 pips per trade (after commissions/spread).
Then your average losing pips. Let's say 50 pips per trade.

Profit factor = (40% x 100) / (60% x 50)
Profit factor = 10

This is a very profitable strategy. Anything above 1 has a positive expectancy.
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Alright, I will test it later. Thanks for your advice.
aviera
post Oct 31 2015, 11:51 PM

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Hello all,

Any good advice for this coming week??
aviera
post Nov 1 2015, 12:03 PM

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QUOTE(capt1986 @ Nov 1 2015, 09:15 AM)
Seems one of our member suggested to upload some profit/loss of trades to attract attention, so I  agreed..hehehe..

Teaser for you guys..
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Thats a lot of pips going down. Anyway what leverage you on? 1:500 can't hardly get this.
aviera
post Nov 1 2015, 12:08 PM

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QUOTE(WhoCaresMyName @ Nov 1 2015, 12:09 AM)
my chart advice not good enough?  cry.gif  cry.gif  cry.gif
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I just see a crocky mountain. tongue.gif

some forecast for the coming week will be good. rclxms.gif
aviera
post Jan 18 2016, 01:57 PM

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Hi,

Gold going down this week? Any thought??
aviera
post Jan 18 2016, 02:36 PM

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QUOTE(vergil88 @ Jan 18 2016, 02:02 PM)
why so?
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Err...actually I am asking if anybody thought that gold prices is going down...was thinking to open SELL!!
aviera
post Jan 18 2016, 02:37 PM

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QUOTE(13aby @ Jan 18 2016, 02:06 PM)
Depends whats ur capital .... i will leave this to the others to answer u  rclxm9.gif

WARNING : Say NO to INSTAFOREX  whistling.gif
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Why not instaforex? got any scam case??
aviera
post Jan 18 2016, 02:42 PM

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QUOTE(13aby @ Jan 18 2016, 02:38 PM)
How u know?
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I did not say I know...just asking if anybody thought gold prices is going down
aviera
post Jan 18 2016, 03:23 PM

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QUOTE(Goodboy92 @ Jan 18 2016, 03:00 PM)
DONT OPEN AN ACCOUNT UNLESS YOU ARE PROFITABLE AT DEMO ACCOUNT ATLEAST

TO TRY THEN TRY 0.01lots which need less than 100usd to trade

Not sure how long you have been in the market of forex.

I am in for nearly 5 years and still not profitable - in demo account!

Some might be better but the fastest i heard was 1 year which most likely will be not true
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A bit of right but nowaday there is a lot of no deposit bonus Broker around. You can just pick one to test them out. If you profit you can withdraw it, if you blow it you have nothing to lose. Search around and check out their terms of conditions.
aviera
post Jan 18 2016, 10:29 PM

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QUOTE(zDarkForceSz @ Jan 18 2016, 07:56 PM)
haha instaforex is MM.
is like buy 4d with illegal collector.
you betting against them.
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Oh ...okay...thanks for the info..!!
aviera
post Jan 19 2016, 01:29 PM

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QUOTE(kevler @ Jan 19 2016, 01:25 PM)
another tip

daily tf

EURUSD - strong sell
GBPUSD - strong sell
NZUSD - strong sell
EJ - strong sell
GJ - strong sell
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GJ is?? GBP JPY?
aviera
post Jan 21 2016, 08:16 AM

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QUOTE(JimbeamofNRT @ Jan 20 2016, 04:54 PM)
some people really ignorant lah bro.not to mentioned idiot+greedy
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Mau cepat kaya... wink.gif
aviera
post Jan 21 2016, 08:27 AM

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QUOTE(zDarkForceSz @ Jan 21 2016, 08:24 AM)
Good Morning

Update: EURUSD short close +60.3pips
» Click to show Spoiler - click again to hide... «

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rclxms.gif thumbup.gif
aviera
post Jan 21 2016, 08:49 AM

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QUOTE(daus89 @ Jan 21 2016, 08:39 AM)
NU got pinbar on daily tf
reversal?
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seems like it will reverse but have to wait for the day to finish for confirmation
aviera
post Jan 21 2016, 08:59 AM

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QUOTE(demolationz @ Jan 21 2016, 08:50 AM)
Careful today guys. ECB is coming.
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what time? Draghi speech again?
aviera
post Jan 21 2016, 09:02 AM

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QUOTE(Pinnacle1295 @ Jan 21 2016, 09:01 AM)
9:30pm tonite.
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Thanks..close all before 9.30 biggrin.gif
aviera
post Jan 21 2016, 09:45 PM

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QUOTE(Supreme1394 @ Jan 21 2016, 09:43 PM)
icon_rolleyes.gif

On another note, that sudden jump in EURUSD, good thing I'm not in EURUSD blink.gif
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Those who sell EU/JP EU/USD yummm.... nice pips
aviera
post Jan 21 2016, 11:37 PM

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QUOTE(kevler @ Jan 21 2016, 11:19 PM)
below is my analysis after news just now .

daily TF

EU - sell
GU - sell
GJ - sell
EJ - sell
UJ - sell
AUDJPY - sell
AUDUSD - sell
NZDUSD - sell
EURAUD - buy
EURCHF - buy
EURCAD - buy

manage your MM wisely as well as your risk.

remember , 10% technicality , 90% consistency
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Thanks thumbup.gif
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