christiangoni's Blog

Avatar

Setup Conditions

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 …
Read full story
Translate to English Show original
orto leave comments
Avatar

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…
Read full story
Translate to English Show original
VictoriaVika avatar

Good article

orto leave comments
Avatar

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…
Read full story
Translate to English Show original
orto leave comments
Avatar

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…
Read full story
Translate to English Show original
orto leave comments
Avatar

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 …
Read full story
Translate to English Show original
christiangoni avatar

It was in 2011 now they have repeat the same in April 2014 and now again in july 2014

orto leave comments
Avatar

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 …
Read full story
Translate to English Show original
christiangoni avatar

Hi, yes it is a good idea to attend them. In what timeframe is that abc correction?

christiangoni avatar

The trickier the better, hehe I love it. In a real account which currencies are the best for counting?

Jignesh avatar
Jignesh 22 July

USDCAD Daily - From 1.1280 -1.0622 - It's a good example  of what could be 5 waves, but it's abc because of the length of the third wave and overlap.  Usually EURUSD is good for counting, but lately there have been a lot of flats making it difficult.  GBPCAD has a clean corrective structure for the last 6 months. AUDUSD and the metals are fairly clear and easy to count atm.

christiangoni avatar

cheers

Jignesh avatar
Jignesh 23 July

I posted my chart of the USDCAD I was talking about.  if you want to have a look, click the above link

orto leave comments
Avatar

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…
Read full story
Translate to English Show original
orto leave comments
Avatar

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…
Read full story
Translate to English Show original
christiangoni avatar

I see, I should try to look at the fundamental economic news but I am not sure if they really work. You have more experience than me on that. Do they work? I mean can you ride a movement based on the news? And when do you get into the market, after the press release (which can be too late) or do you wait to the time where the event is taking place and you go with the firsts market reactions???

aslamhammad avatar

first of all it depends on the level of impact.....Like after interest rate decisions you can always enter after the news as the volatility and expectations can't always be as expected, but you can probably catch a pull back if your watching the charts after the release. But if you practice with USD economic data during New York Session, i think you can make alot of pips at that time as well, as two sessions are open at that time, which creates more volatility==more opportunity for scalpers :p

christiangoni avatar

Ok, I will start with the interest rates news to see if I can get some pips from it.... Are they long term movements? Also I would like to ask you how you decide the direction. It is based in technical analysis and you take advantages of the volatility or you decide the direction based on the result, meaning that an increase in the interest rate will lead to an increase in the currency value (or maybe the opposite relation)?

aslamhammad avatar

It first depends if that country's central bank wants to keep the current interest rate or do they want to change the interest rate. The second question comes which currency are you exchanging with....Third indicator would be correlated pair prices. You should be willing to buy and sell a currency at any price, that you should first keep in mind :p.....So, than comes the decision of the time frame....5minute is good to start with in my opinion for small trades like 5-10pip. But if you can't stayed glued to your pc probably the h1-h4-daily would be better with pending orders with 50pip tp.

christiangoni avatar

thank you aslamhammad I will follow your instructions and see what happen. I have to go, have a good day

orto leave comments
Avatar

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…
Read full story
Translate to English Show original
jezz avatar
jezz 10 Mar.

There have already been some scandals in UK not a month ago... well, it happens all the time anyway :)

christiangoni avatar

yes, but it is through, still has to come a really big one with the EUR which is been appreciating along the crisis, clearly manipulated, but as soon as the scandal will reach the public knowledge and the justice will prosecute them it will mean that they will try to avoid prosecution closing their buying positions and then is when we will see that very long short trend that is about to start in the next 1 or 2 years. I guess it will be show to the public when the recovery of the EU zone will start, taking then advantage of the scandal, then depreciating the EU and improving the commerce...

christiangoni avatar

....balance. Then the politicians will say that the recovery is being taking place sue to the cut on benefits and bla bla bla, and due to the strong presence of the right side in the EU it has to be showed after the European elections after the wining of the right side in Europe. And some people will believe it has been achieved thanks to the cuts on benefits and public expenditure. Ones the wages has been cut down, only remains this second part of their plan to be placed....It is boring to see that they believe people is not seeing what they do.

jezz avatar
jezz 10 Mar.

'1984' is one of my favorite books - people dumb enough or with a short memory so you can place any junk and they believe it's been there all the time... Go with the flow, pretend to be stupid and play smart ;)

christiangoni avatar

I haven't read it, I am going the be lazy and watch the movie...

orto leave comments