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The setup conditions are those that must be analysed before buy or sell a currency. The reason to do this work before entering into the market is to avoid your emotions and be based in the analysis instead. Also it will help you to see the overall situation before entering and after feeling really wake up. After that and before enter your bet is important to establish the rules for you to follow and choose your stop lost. Then do your risk analysis. Put a fibonachi level between those 2 points …
christiangoni's Blog
A FOREX TRADING METHOD
A trading method is a combination of rules to be followed in order to find entry and exit signs on your trades. Firstable you need to set up the rules to enter into the market. Some traders prefer to enter when the market has a high volatility so that they can reach their targets and just do not be there if a large movement is not expected in the short time. Others might prefer to do the opossite in order to do not feel sick and stressed or because they do not have clear where to establish thei…
Always follow a method
Trading by following a method is not an easy issue if you do not have a method. When a trader is a beginner and some test has been good, there is time to try it in real. Then fears, and fellings play the most important role and nobody is able to be at a 100% everydays. That's way if you have a bad day you can lost everything and you start again looking for a better technique. But the point is that having a method just make you free of yourself and everything becomes less intuitive and become mor…
There is not a perfect Forex trading method
There is not a perfect Forex trading method
To gain money in every trade is imposible. Even the best trader will sometimes mistake its forecast and that is why is very important to keep losses controled and as low as possible. A very simple way to do that is using a fibonachi with a 0.5, 0.3 or whatever percentage you want to use. Then measure it between your stop lost and your take profits and only enter at a price according with your choosen ratio. It is quite simple but very important for e…
To gain money in every trade is imposible. Even the best trader will sometimes mistake its forecast and that is why is very important to keep losses controled and as low as possible. A very simple way to do that is using a fibonachi with a 0.5, 0.3 or whatever percentage you want to use. Then measure it between your stop lost and your take profits and only enter at a price according with your choosen ratio. It is quite simple but very important for e…
PressTV - Gazans mark Israel attack on UN school
Somebody can say that this is not bad???
"Ashraf Shannon, Press TV, Gaza
Gazans marked the second anniversary of an Israeli attack on a UN-run school during the 22-day war .
In the attack forty two people, many of them children and women who had taken shelter in the school lost their lives.
Schoolchildren reenacted the Israeli air and ground strike on the UN school, which took place on the 11th day of the Israeli war on the strip.
Hundreds of people including those injured in the attack and …
"Ashraf Shannon, Press TV, Gaza
Gazans marked the second anniversary of an Israeli attack on a UN-run school during the 22-day war .
In the attack forty two people, many of them children and women who had taken shelter in the school lost their lives.
Schoolchildren reenacted the Israeli air and ground strike on the UN school, which took place on the 11th day of the Israeli war on the strip.
Hundreds of people including those injured in the attack and …
EUR/CAD wave analysis
Hi friends,
There is evidence in everymarket about a retracement in the EUR regarding to many of their cross pairs. That is the counting of waves in the daily chart for the EUR/CAD.
As you can see the 5 wave of a elonged 5 wave has been already finished and the price should go to 148.32 with a stop lost at 144,30. Again another juice operation with a good risk ratio to be followed.
Let's see how it evolves, sometimes is quite dificult to know when a 5th elonged wave is already finished. That is …
There is evidence in everymarket about a retracement in the EUR regarding to many of their cross pairs. That is the counting of waves in the daily chart for the EUR/CAD.
As you can see the 5 wave of a elonged 5 wave has been already finished and the price should go to 148.32 with a stop lost at 144,30. Again another juice operation with a good risk ratio to be followed.
Let's see how it evolves, sometimes is quite dificult to know when a 5th elonged wave is already finished. That is …
GPB/JPY wave's analysis
Hi there,
I am going to post a very juice operation that likely is going to unfold in the GBP/JPY 1 week chart.
The quality of the picture is not that nice, but there is a 5 movement already developed and likely to start going down this incoming week. The EUR/GBP also is likely to be at the end of a 5 wave in other lower timeframe so, It is spected to start going up.
As you can see the take profit of the operation is going to be at 160.21 and the stop lost should be 175,68 being the current pric…
I am going to post a very juice operation that likely is going to unfold in the GBP/JPY 1 week chart.
The quality of the picture is not that nice, but there is a 5 movement already developed and likely to start going down this incoming week. The EUR/GBP also is likely to be at the end of a 5 wave in other lower timeframe so, It is spected to start going up.
As you can see the take profit of the operation is going to be at 160.21 and the stop lost should be 175,68 being the current pric…
What is the best time frame for the constest?
Hello friends,
After many years trying to get pips with the 1 hours time frame, I have realised that I am unable to predict when a movement is going to start. My thinking is that a few people control the market so It is not possible to be in their minds and to know what are they thinking about.
Anyways there are some interesting points in the daily chart where reactions have a very high probability to happen and there are those points where I am trading this month. At the moment I am being lucky…
After many years trying to get pips with the 1 hours time frame, I have realised that I am unable to predict when a movement is going to start. My thinking is that a few people control the market so It is not possible to be in their minds and to know what are they thinking about.
Anyways there are some interesting points in the daily chart where reactions have a very high probability to happen and there are those points where I am trading this month. At the moment I am being lucky…
GBP Bank suspends worker in rigging probe
Hello friends,
I would like to point out the recent scandal in another manipulation of the exchange rates. This time the Bank of England has been caught. You can read the full new by following the link: http://www.bbc.co.uk/news/business-26450643
Obviously the people involved will try to be aside for some time and other investors are aware of the situation. The overall viewing can be resume in high profits due to an artificial appreciation of this currency with other pairs. The mayor investors w…
I would like to point out the recent scandal in another manipulation of the exchange rates. This time the Bank of England has been caught. You can read the full new by following the link: http://www.bbc.co.uk/news/business-26450643
Obviously the people involved will try to be aside for some time and other investors are aware of the situation. The overall viewing can be resume in high profits due to an artificial appreciation of this currency with other pairs. The mayor investors w…