Forex Version 20, Foreign Exchange Market Discussion
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 Feb 14 2018, 04:53 PM
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#1
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Junior Member
461 posts Joined: May 2012 
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Hi all pros, I've studied forex on my own for more than a year but has stopped recently due to constant losses... Though I'm still reading the market everyday..
I've tried advanced patterns and elliot waves, both gave around 30% win rate. How much is u guys' win rate? Not counting breakeven trades.. BTW what strategies u guys practicing currently? |
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Feb 20 2018, 11:43 AM
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#2
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Junior Member
461 posts Joined: May 2012
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QUOTE(sleepwalker @ Jan 25 2018, 02:56 PM) There is no surprise here. That is why we use 3 currency pairs to determine this. For example, USD/MYR has improved to 3.9.. you can't tel which of the pair has gone up and which has gone down. So you take another pair like EUR/USD.. which also shows EUR going up. Then you take EUR/MYR and realised that we are not gaining on EUR. By not gaining do u mean EUR/MYR is going sideways or up?This 3 pairs then confirms that it is the USD that is dropping and not MYR gaining against it. No surprise.  Also, would u need to consider the magnitude of the move? Let say, if the EUR strengthens against the USD more than MYR does, EUR/MYR will be going up. Then, it's not that straight forward to conclude that it's the USD dropping? |
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