Target Bands Indicator Free Download - Trend Following ...

Spotting the #marketmover and giving an optimal target takes expertise. We at #traderpulse do precisely that. Here is a trade from last week where we scored 78 #pips in #GBPUSD. Get our #premiumsignals and trade the market movers every day. https://traderpulse.com/forex-trade-signals/#pricing

Spotting the #marketmover and giving an optimal target takes expertise. We at #traderpulse do precisely that. Here is a trade from last week where we scored 78 #pips in #GBPUSD. Get our #premiumsignals and trade the market movers every day. https://traderpulse.com/forex-trade-signals/#pricing submitted by traderpulse to u/traderpulse [link] [comments]

This is an update for EUR/USD, The pair is currently hovering around the trend line shown in the chart. we're predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so BUY on 1.16532 and place your TARGET at 1.17373 #Forexsignals #Forexanalysis #wetalktrade #Forex

This is an update for EUUSD, The pair is currently hovering around the trend line shown in the chart. we're predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so BUY on 1.16532 and place your TARGET at 1.17373 #Forexsignals #Forexanalysis #wetalktrade #Forex submitted by Wetalktrade_signals to wetalktrade [link] [comments]

Former investment bank FX trader: Risk management part II

Former investment bank FX trader: Risk management part II
Firstly, thanks for the overwhelming comments and feedback. Genuinely really appreciated. I am pleased 500+ of you find it useful.
If you didn't read the first post you can do so here: risk management part I. You'll need to do so in order to make sense of the topic.
As ever please comment/reply below with questions or feedback and I'll do my best to get back to you.
Part II
  • Letting stops breathe
  • When to change a stop
  • Entering and exiting winning positions
  • Risk:reward ratios
  • Risk-adjusted returns

Letting stops breathe

We talked earlier about giving a position enough room to breathe so it is not stopped out in day-to-day noise.
Let’s consider the chart below and imagine you had a trailing stop. It would be super painful to miss out on the wider move just because you left a stop that was too tight.

Imagine being long and stopped out on a meaningless retracement ... ouch!
One simple technique is simply to look at your chosen chart - let’s say daily bars. And then look at previous trends and use the measuring tool. Those generally look something like this and then you just click and drag to measure.
For example if we wanted to bet on a downtrend on the chart above we might look at the biggest retracement on the previous uptrend. That max drawdown was about 100 pips or just under 1%. So you’d want your stop to be able to withstand at least that.
If market conditions have changed - for example if CVIX has risen - and daily ranges are now higher you should incorporate that. If you know a big event is coming up you might think about that, too. The human brain is a remarkable tool and the power of the eye-ball method is not to be dismissed. This is how most discretionary traders do it.
There are also more analytical approaches.
Some look at the Average True Range (ATR). This attempts to capture the volatility of a pair, typically averaged over a number of sessions. It looks at three separate measures and takes the largest reading. Think of this as a moving average of how much a pair moves.
For example, below shows the daily move in EURUSD was around 60 pips before spiking to 140 pips in March. Conditions were clearly far more volatile in March. Accordingly, you would need to leave your stop further away in March and take a correspondingly smaller position size.

ATR is available on pretty much all charting systems
Professional traders tend to use standard deviation as a measure of volatility instead of ATR. There are advantages and disadvantages to both. Averages are useful but can be misleading when regimes switch (see above chart).
Once you have chosen a measure of volatility, stop distance can then be back-tested and optimised. For example does 2x ATR work best or 5x ATR for a given style and time horizon?
Discretionary traders may still eye-ball the ATR or standard deviation to get a feeling for how it has changed over time and what ‘normal’ feels like for a chosen study period - daily, weekly, monthly etc.

Reasons to change a stop

As a general rule you should be disciplined and not change your stops. Remember - losers average losers. This is really hard at first and we’re going to look at that in more detail later.
There are some good reasons to modify stops but they are rare.
One reason is if another risk management process demands you stop trading and close positions. We’ll look at this later. In that case just close out your positions at market and take the loss/gains as they are.
Another is event risk. If you have some big upcoming data like Non Farm Payrolls that you know can move the market +/- 150 pips and you have no edge going into the release then many traders will take off or scale down their positions. They’ll go back into the positions when the data is out and the market has quietened down after fifteen minutes or so. This is a matter of some debate - many traders consider it a coin toss and argue you win some and lose some and it all averages out.
Trailing stops can also be used to ‘lock in’ profits. We looked at those before. As the trade moves in your favour (say up if you are long) the stop loss ratchets with it. This means you may well end up ‘stopping out’ at a profit - as per the below example.

The mighty trailing stop loss order
It is perfectly reasonable to have your stop loss move in the direction of PNL. This is not exposing you to more risk than you originally were comfortable with. It is taking less and less risk as the trade moves in your favour. Trend-followers in particular love trailing stops.
One final question traders ask is what they should do if they get stopped out but still like the trade. Should they try the same trade again a day later for the same reasons? Nope. Look for a different trade rather than getting emotionally wed to the original idea.
Let’s say a particular stock looked cheap based on valuation metrics yesterday, you bought, it went down and you got stopped out. Well, it is going to look even better on those same metrics today. Maybe the market just doesn’t respect value at the moment and is driven by momentum. Wait it out.
Otherwise, why even have a stop in the first place?

Entering and exiting winning positions

Take profits are the opposite of stop losses. They are also resting orders, left with the broker, to automatically close your position if it reaches a certain price.
Imagine I’m long EURUSD at 1.1250. If it hits a previous high of 1.1400 (150 pips higher) I will leave a sell order to take profit and close the position.
The rookie mistake on take profits is to take profit too early. One should start from the assumption that you will win on no more than half of your trades. Therefore you will need to ensure that you win more on the ones that work than you lose on those that don’t.

Sad to say but incredibly common: retail traders often take profits way too early
This is going to be the exact opposite of what your emotions want you to do. We are going to look at that in the Psychology of Trading chapter.
Remember: let winners run. Just like stops you need to know in advance the level where you will close out at a profit. Then let the trade happen. Don’t override yourself and let emotions force you to take a small profit. A classic mistake to avoid.
The trader puts on a trade and it almost stops out before rebounding. As soon as it is slightly in the money they spook and cut out, instead of letting it run to their original take profit. Do not do this.

Entering positions with limit orders

That covers exiting a position but how about getting into one?
Take profits can also be left speculatively to enter a position. Sometimes referred to as “bids” (buy orders) or “offers” (sell orders). Imagine the price is 1.1250 and the recent low is 1.1205.
You might wish to leave a bid around 1.2010 to enter a long position, if the market reaches that price. This way you don’t need to sit at the computer and wait.
Again, typically traders will use tech analysis to identify attractive levels. Again - other traders will cluster with your orders. Just like the stop loss we need to bake that in.
So this time if we know everyone is going to buy around the recent low of 1.1205 we might leave the take profit bit a little bit above there at 1.1210 to ensure it gets done. Sure it costs 5 more pips but how mad would you be if the low was 1.1207 and then it rallied a hundred points and you didn’t have the trade on?!
There are two more methods that traders often use for entering a position.
Scaling in is one such technique. Let’s imagine that you think we are in a long-term bulltrend for AUDUSD but experiencing a brief retracement. You want to take a total position of 500,000 AUD and don’t have a strong view on the current price action.
You might therefore leave a series of five bids of 100,000. As the price moves lower each one gets hit. The nice thing about scaling in is it reduces pressure on you to pick the perfect level. Of course the risk is that not all your orders get hit before the price moves higher and you have to trade at-market.
Pyramiding is the second technique. Pyramiding is for take profits what a trailing stop loss is to regular stops. It is especially common for momentum traders.

Pyramiding into a position means buying more as it goes in your favour
Again let’s imagine we’re bullish AUDUSD and want to take a position of 500,000 AUD.
Here we add 100,000 when our first signal is reached. Then we add subsequent clips of 100,000 when the trade moves in our favour. We are waiting for confirmation that the move is correct.
Obviously this is quite nice as we humans love trading when it goes in our direction. However, the drawback is obvious: we haven’t had the full amount of risk on from the start of the trend.
You can see the attractions and drawbacks of both approaches. It is best to experiment and choose techniques that work for your own personal psychology as these will be the easiest for you to stick with and build a disciplined process around.

Risk:reward and win ratios

Be extremely skeptical of people who claim to win on 80% of trades. Most traders will win on roughly 50% of trades and lose on 50% of trades. This is why risk management is so important!
Once you start keeping a trading journal you’ll be able to see how the win/loss ratio looks for you. Until then, assume you’re typical and that every other trade will lose money.
If that is the case then you need to be sure you make more on the wins than you lose on the losses. You can see the effect of this below.

A combination of win % and risk:reward ratio determine if you are profitable
A typical rule of thumb is that a ratio of 1:3 works well for most traders.
That is, if you are prepared to risk 100 pips on your stop you should be setting a take profit at a level that would return you 300 pips.
One needn’t be religious about these numbers - 11 pips and 28 pips would be perfectly fine - but they are a guideline.
Again - you should still use technical analysis to find meaningful chart levels for both the stop and take profit. Don’t just blindly take your stop distance and do 3x the pips on the other side as your take profit. Use the ratio to set approximate targets and then look for a relevant resistance or support level in that kind of region.

Risk-adjusted returns

Not all returns are equal. Suppose you are examining the track record of two traders. Now, both have produced a return of 14% over the year. Not bad!
The first trader, however, made hundreds of small bets throughout the year and his cumulative PNL looked like the left image below.
The second trader made just one bet — he sold CADJPY at the start of the year — and his PNL looked like the right image below with lots of large drawdowns and volatility.
Would you rather have the first trading record or the second?
If you were investing money and betting on who would do well next year which would you choose? Of course all sensible people would choose the first trader. Yet if you look only at returns one cannot distinguish between the two. Both are up 14% at that point in time. This is where the Sharpe ratio helps .
A high Sharpe ratio indicates that a portfolio has better risk-adjusted performance. One cannot sensibly compare returns without considering the risk taken to earn that return.
If I can earn 80% of the return of another investor at only 50% of the risk then a rational investor should simply leverage me at 2x and enjoy 160% of the return at the same level of risk.
This is very important in the context of Execution Advisor algorithms (EAs) that are popular in the retail community. You must evaluate historic performance by its risk-adjusted return — not just the nominal return. Incidentally look at the Sharpe ratio of ones that have been live for a year or more ...
Otherwise an EA developer could produce two EAs: the first simply buys at 1000:1 leverage on January 1st ; and the second sells in the same manner. At the end of the year, one of them will be discarded and the other will look incredible. Its risk-adjusted return, however, would be abysmal and the odds of repeated success are similarly poor.

Sharpe ratio

The Sharpe ratio works like this:
  • It takes the average returns of your strategy;
  • It deducts from these the risk-free rate of return i.e. the rate anyone could have got by investing in US government bonds with very little risk;
  • It then divides this total return by its own volatility - the more smooth the return the higher and better the Sharpe, the more volatile the lower and worse the Sharpe.
For example, say the return last year was 15% with a volatility of 10% and US bonds are trading at 2%. That gives (15-2)/10 or a Sharpe ratio of 1.3. As a rule of thumb a Sharpe ratio of above 0.5 would be considered decent for a discretionary retail trader. Above 1 is excellent.
You don’t really need to know how to calculate Sharpe ratios. Good trading software will do this for you. It will either be available in the system by default or you can add a plug-in.

VAR

VAR is another useful measure to help with drawdowns. It stands for Value at Risk. Normally people will use 99% VAR (conservative) or 95% VAR (aggressive). Let’s say you’re long EURUSD and using 95% VAR. The system will look at the historic movement of EURUSD. It might spit out a number of -1.2%.

A 5% VAR of -1.2% tells you you should expect to lose 1.2% on 5% of days, whilst 95% of days should be better than that
This means it is expected that on 5 days out of 100 (hence the 95%) the portfolio will lose 1.2% or more. This can help you manage your capital by taking appropriately sized positions. Typically you would look at VAR across your portfolio of trades rather than trade by trade.
Sharpe ratios and VAR don’t give you the whole picture, though. Legendary fund manager, Howard Marks of Oaktree, notes that, while tools like VAR and Sharpe ratios are helpful and absolutely necessary, the best investors will also overlay their own judgment.
Investors can calculate risk metrics like VaR and Sharpe ratios (we use them at Oaktree; they’re the best tools we have), but they shouldn’t put too much faith in them. The bottom line for me is that risk management should be the responsibility of every participant in the investment process, applying experience, judgment and knowledge of the underlying investments.Howard Marks of Oaktree Capital
What he’s saying is don’t misplace your common sense. Do use these tools as they are helpful. However, you cannot fully rely on them. Both assume a normal distribution of returns. Whereas in real life you get “black swans” - events that should supposedly happen only once every thousand years but which actually seem to happen fairly often.
These outlier events are often referred to as “tail risk”. Don’t make the mistake of saying “well, the model said…” - overlay what the model is telling you with your own common sense and good judgment.

Coming up in part III

Available here
Squeezes and other risks
Market positioning
Bet correlation
Crap trades, timeouts and monthly limits

***
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
submitted by getmrmarket to Forex [link] [comments]

Some trading wisdom, tools and information I picked up along the way that helped me be a better trader. Maybe it can help you too.

Its a bit lengthy and I tried to condense it as much as I can. So take everything at a high level as each subject is has a lot more depth but fundamentally if you distill it down its just taking simple things and applying your experience using them to add nuance and better deploy them.
There are exceptions to everything that you will learn with experience or have already learned. If you know something extra or something to add to it to implement it better or more accurately. Then great! However, my intention of this post is just a high level overview. Trading can be far too nuanced to go into in this post and would take forever to type up every exception (not to mention the traders individual personality). If you take the general information as a starting point, hopefully you will learn the edge cases long the way and learn how to use the more effectively if you end up using them. I apologize in advice for any errors or typos.
Introduction After reflecting on my fun (cough) trading journey that was more akin to rolling around on broken glass and wondering if brown glass will help me predict market direction better than green glass. Buying a $100 indicator at 2 am when I was acting a fool, looking at it and going at and going "This is a piece of lagging crap, I miss out on a large part of the fundamental move and never using it for even one trade". All while struggling with massive over trading and bad habits because I would get bored watching a single well placed trade on fold for the day. Also, I wanted to get rich quick.
On top all of that I had a terminal Stage 4 case of FOMO on every time the price would move up and then down then back up. Just think about all those extra pips I could have trading both directions as it moves across the chart! I can just sell right when it goes down, then buy right before it goes up again. Its so easy right? Well, turns out it was not as easy as I thought and I lost a fair chunk of change and hit my head against the wall a lot until it clicked. Which is how I came up with a mixed bag of things that I now call "Trade the Trade" which helped support how I wanted to trade so I can still trade intra day price action like a rabid money without throwing away all my bananas.
Why Make This Post? - Core Topic of Discussion I wish to share a concept I came up with that helped me become a reliable trader. Support the weakness of how I like to trade. Also, explaining what I do helps reinforce my understanding of the information I share as I have to put words to it and not just use internalized processes. I came up with a method that helped me get my head straight when trading intra day.
I call it "Trade the Trade" as I am making mini trades inside of a trade setup I make from analysis on a higher timeframe that would take multiple days to unfold or longer. I will share information, principles, techniques I used and learned from others I talked to on the internet (mixed bag of folks from armatures to professionals, and random internet people) that helped me form a trading style that worked for me. Even people who are not good at trading can say something that might make it click in your head so I would absorbed all the information I could get.I will share the details of how I approach the methodology and the tools in my trading belt that I picked up by filtering through many tools, indicators strategies and witchcraft. Hopefully you read something that ends up helping you be a better trader. I learned a lot from people who make community posts so I wanted to give back now that I got my ducks in a row.
General Trading Advice If your struggling finding your own trading style, fixing weakness's in it, getting started, being reliably profitable or have no framework to build yourself higher with, hopefully you can use the below advice to help provide some direction or clarity to moving forward to be a better trader.
  1. KEEP IT SIMPLE. Do not throw a million things on your chart from the get go or over analyzing what the market is doing while trying to learn the basics. Tons of stuff on your chart can actually slow your learning by distracting your focus on all your bells and whistles and not the price action.
  2. PRICE ACTION. Learn how to read price action. Not just the common formations, but larger groups of bars that form the market structure. Those formations carry more weight the higher the time frame they form on. If struggle to understand what is going on or what your looking at, move to a higher time frame.
  3. INDICATORS. If you do use them you should try to understand how every indicator you use calculates its values. Many indicators are lagging indicators, understanding how it calculates the values can help you learn how to identify the market structure before the indicator would trigger a signal . This will help you understand why the signal is a lagged signal. If you understand that you can easily learn to look at the price action right before the signal and learn to watch for that price action on top of it almost trigging a signal so you can get in at a better position and assume less downside risk. I recommend using no more than 1-2 indicators for simplicity, but your free to use as many as you think you think you need or works for your strategy/trading style.
  4. PSYCOLOGY. First, FOMO is real, don't feed the beast. When you trade you should always have an entry and exit. If you miss your entry do not chase it, wait for a new entry. At its core trading is gambling and your looking for an edge against the house (the other market participants). With that in mind, treat as such. Do not risk more than you can afford to lose. If you are afraid to lose it will negatively effect your trade decisions. Finally, be honest with your self and bad trading happens. No one is going to play trade cop and keep you in line, that's your job.
  5. TRADE DECISION MARKING: Before you enter any trade you should have an entry and exit area. As you learn price action you will get better entries and better exits. Use a larger zone and stop loss at the start while learning. Then you can tighten it up as you gain experience. If you do not have a area you wish to exit, or you are entering because "the markets looking like its gonna go up". Do not enter the trade. Have a reason for everything you do, if you cannot logically explain why then you probably should not be doing it.
  6. ROBOTS/ALGOS: Loved by some, hated by many who lost it all to one, and surrounded by scams on the internet. If you make your own, find a legit one that works and paid for it or lost it all on a crappy one, more power to ya. I do not use robots because I do not like having a robot in control of my money. There is too many edge cases for me to be ok with it.However, the best piece of advice about algos was that the guy had a algo/robot for each market condition (trending/ranging) and would make personalized versions of each for currency pairs as each one has its own personality and can make the same type of movement along side another currency pair but the price action can look way different or the move can be lagged or leading. So whenever he does his own analysis and he sees a trend, he turns the trend trading robot on. If the trend stops, and it starts to range he turns the range trading robot on. He uses robots to trade the market types that he is bad at trading. For example, I suck at trend trading because I just suck at sitting on my hands and letting my trade do its thing.

Trade the Trade - The Methodology

Base Principles These are the base principles I use behind "Trade the Trade". Its called that because you are technically trading inside your larger high time frame trade as it hopefully goes as you have analyzed with the trade setup. It allows you to scratch that intraday trading itch, while not being blind to the bigger market at play. It can help make sense of why the price respects, rejects or flat out ignores support/resistance/pivots.
  1. Trade Setup: Find a trade setup using high level time frames (daily, 4hr, or 1hr time frames). The trade setup will be used as a base for starting to figure out a bias for the markets direction for that day.
  2. Indicator Data: Check any indicators you use (I use Stochastic RSI and Relative Vigor Index) for any useful information on higher timeframes.
  3. Support Resistance: See if any support/resistance/pivot points are in currently being tested/resisted by the price. Also check for any that are within reach so they might become in play through out the day throughout the day (which can influence your bias at least until the price reaches it if it was already moving that direction from previous days/weeks price action).
  4. Currency Strength/Weakness: I use the TradeVision currency strength/weakness dashboard to see if the strength/weakness supports the narrative of my trade and as an early indicator when to keep a closer eye for signs of the price reversing.Without the tool, the same concept can be someone accomplished with fundamentals and checking for higher level trends and checking cross currency pairs for trends as well to indicate strength/weakness, ranging (and where it is in that range) or try to get some general bias from a higher level chart that may help you out. However, it wont help you intra day unless your monitoring the currency's index or a bunch of charts related to the currency.
  5. Watch For Trading Opportunities: Personally I make a mental short list and alerts on TradingView of currency pairs that are close to key levels and so I get a notification if it reaches there so I can check it out. I am not against trading both directions, I just try to trade my bias before the market tries to commit to a direction. Then if I get out of that trade I will scalp against the trend of the day and hold trades longer that are with it.Then when you see a opportunity assume the directional bias you made up earlier (unless the market solidly confirms with price action the direction while waiting for an entry) by trying to look for additional confirmation via indicators, price action on support/resistances etc on the low level time frame or higher level ones like hourly/4hr as the day goes on when the price reaches key areas or makes new market structures to get a good spot to enter a trade in the direction of your bias.Then enter your trade and use the market structures to determine how much of a stop you need. Once your in the trade just monitor it and watch the price action/indicators/tools you use to see if its at risk of going against you. If you really believe the market wont reach your TP and looks like its going to turn against you, then close the trade. Don't just hold on to it for principle and let it draw down on principle or the hope it does not hit your stop loss.
  6. Trade Duration Hold your trades as long or little as you want that fits your personality and trading style/trade analysis. Personally I do not hold trades past the end of the day (I do in some cases when a strong trend folds) and I do not hold trades over the weekends. My TP targets are always places I think it can reach within the day. Typically I try to be flat before I sleep and trade intra day price movements only. Just depends on the higher level outlook, I have to get in at really good prices for me to want to hold a trade and it has to be going strong. Then I will set a slightly aggressive stop on it before I leave. I do know several people that swing trade and hold trades for a long period of time. That is just not a trading style that works for me.
Enhance Your Success Rate Below is information I picked up over the years that helped me enhance my success rate with not only guessing intra day market bias (even if it has not broken into the trend for the day yet (aka pre London open when the end of Asia likes to act funny sometimes), but also with trading price action intra day.
People always say "When you enter a trade have an entry and exits. I am of the belief that most people do not have problem with the entry, its the exit. They either hold too long, or don't hold long enough. With the below tools, drawings, or instruments, hopefully you can increase your individual probability of a successful trade.
**P.S.*\* Your mileage will vary depending on your ability to correctly draw, implement and interpret the below items. They take time and practice to implement with a high degree of proficiency. If you have any questions about how to do that with anything listed, comment below and I will reply as I can. I don't want to answer the same question a million times in a pm.
Tools and Methods Used This is just a high level overview of what I use. Each one of the actions I could go way more in-depth on but I would be here for a week typing something up of I did that. So take the information as a base level understanding of how I use the method or tool. There is always nuance and edge cases that you learn from experience.
Conclusion
I use the above tools/indicators/resources/philosophy's to trade intra day price action that sometimes ends up as noise in the grand scheme of the markets movement.use that method until the price action for the day proves the bias assumption wrong. Also you can couple that with things like Stoch RSI + Relative Vigor Index to find divergences which can increase the probability of your targeted guesses.

Trade Example from Yesterday This is an example of a trade I took today and why I took it. I used the following core areas to make my trade decision.
It may seem like a lot of stuff to process on the fly while trying to figure out live price action but, for the fundamental bias for a pair should already baked in your mindset for any currency pair you trade. For the currency strength/weakness I stare at the dashboard 12-15 hours a day so I am always trying to keep a pulse on what's going or shifts so that's not really a factor when I want to enter as I would not look to enter if I felt the market was shifting against me. Then the higher timeframe analysis had already happened when I woke up, so it was a game of "Stare at the 5 min chart until the price does something interesting"
Trade Example: Today , I went long EUUSD long bias when I first looked at the chart after waking up around 9-10pm Eastern. Fortunately, the first large drop had already happened so I had a easy baseline price movement to work with. I then used tool for currency strength/weakness monitoring, Pivot Points, and bearish divergence detected using Stochastic RSI and Relative Vigor Index.
I first noticed Bearish Divergence on the 1hr time frame using the Stochastic RSI and got confirmation intra day on the 5 min time frame with the Relative Vigor Index. I ended up buying the second mini dip around midnight Eastern because it was already dancing along the pivot point that the price had been dancing along since the big drop below the pivot point and dipped below it and then shortly closed back above it. I put a stop loss below the first large dip. With a TP goal of the middle point pivot line
Then I waited for confirmation or invalidation of my trade. I ended up getting confirmation with Bearish Divergence from the second large dip so I tightened up my stop to below that smaller drip and waited for the London open. Not only was it not a lower low, I could see the divergence with the Relative Vigor Index.
It then ran into London and kept going with tons of momentum. Blew past my TP target so I let it run to see where the momentum stopped. Ended up TP'ing at the Pivot Point support/resistance above the middle pivot line.
Random Note: The Asian session has its own unique price action characteristics that happen regularly enough that you can easily trade them when they happen with high degrees of success. It takes time to learn them all and confidently trade them as its happening. If you trade Asia you should learn to recognize them as they can fake you out if you do not understand what's going on.

TL;DR At the end of the day there is no magic solution that just works. You have to find out what works for you and then what people say works for them. Test it out and see if it works for you or if you can adapt it to work for you. If it does not work or your just not interested then ignore it.
At the end of the day, you have to use your brain to make correct trading decisions. Blindly following indicators may work sometimes in certain market conditions, but trading with information you don't understand can burn you just as easily as help you. Its like playing with fire. So, get out there and grind it out. It will either click or it wont. Not everyone has the mindset or is capable of changing to be a successful trader. Trading is gambling, you do all this work to get a edge on the house. Trading without the edge or an edge you understand how to use will only leave your broker happy in the end.
submitted by marcusrider to Forex [link] [comments]

How do you decide target/stop-loss when entering a position with an algorithm?

Working on a forex trading algorithm and trying to collect different approaches people use to decide targets with an Algo. My algorithm is just a binary logistic regression that gives the go up OR down signal. This is its only work but to enter a trade I need target and stop-loss values.
How do you guys usually go about it?
submitted by vikas-sharma to algotrading [link] [comments]

6 Price Action Retracement Entry Types You Need To Know

You've presumably heard "retracement" or "follow" much of the time in case you're keen on exchanging the monetary business sectors. Be that as it may, do you really understand what value retracements are, the reason they're so significant and how to appropriately exploit them? Maybe not, yet regardless of whether you do, the present exercise will reveal new insight into how to use these incredibly amazing business sector occasions…
A retracement in a market is a pretty simple idea to characterize and comprehend. Basically, it's actually what it seems like: a period when cost remembers back on an ongoing move, either up or down. Consider "remembering your means"; returning a similar way you came. It's fundamentally an inversion of an ongoing value move.
For what reason are retracements significant? For various reasons: They are occasions to enter the market at a "superior value", they take into account ideal stop misfortune arrangement, improved danger prize and then some. A remember passage is more traditionalist than a "market section" for instance and is viewed as a "more secure" passage type. Eventually, the objective of a dealer is get the best passage cost and oversee hazard on a par with conceivable while additionally expanding restores; the retracement section is a device that permits you to do every one of the three of these things.
This exercise will cover all parts of exchanging retracements and will assist you with understanding them better and put them to use to ideally improve your general exchanging execution.
Presently, how about we examine a portion of the Pros and Cons of retracement exchanging before we take a gander at some model graphs…
Professionals of Retracement Trading
We should discuss a portion of the many "Geniuses" of retracement exchanging. Frankly, retracement exchanging is fundamentally how you exchange like an expert rifleman, which, on the off chance that you've followed me for any timeframe, you know is my favored strategy for exchanging.
Higher Probability Entries – The very idea of a draw back or backtrack implies that cost is probably going to keep moving toward the underlying move when the follow closes. Henceforth, on the off chance that you see a solid value activity signal at a level after a retracement, it's high-likelihood passage since all signs are highlighting value bobbing starting there. Presently, it doesn't generally occur, however hanging tight for a remember to a level with a sign, is the most elevated likelihood way you can exchange. Markets pivot back to the "signify" or "normal" cost again and again; this is clear by taking a gander at any value outline for a couple of moments. Along these lines, when you see this revolution or backtrack occur, begin searching for a section point there in light of the fact that it's a lot higher-likelihood passage point than just entering "at market" like most brokers do.
Less Premature Stop-Outs – A retracement permits greater adaptability with stop misfortune arrangement. Essentially, in that you can put the prevent further away from any territory on the diagram that is probably going to be hit (if the exchange you're taking is to exercise by any stretch of the imagination). Setting prevents further away from key levels or moving midpoints or further away from a pin bar high or low for instance, gives the exchange a higher possibility of working out.
Visit توقعات الذهب اليوم
Better Risk Rewards – Retracement passages hypothetically permit you to put a "more tight" stop misfortune on an exchange since you're entering more like a key level or you're entering at a pin bar half level on an exchange section stunt passage for instance. In this way, should you decide to do as such, you can put a stop a lot nearer than if you entered an exchange that didn't occur after a follow or on the off chance that you entered a pin bar exchange at the high or low of the pin, for instance. Model: a 100 pip stop and 200 pip target can undoubtedly turn into a 50 pip stop and 250 pip focus on a follow passage. Note: you don't have to put a more tight stop, it's discretionary, however the choice IS There on a backtrack section in the event that you need it. The other option, utilizing a standard width stop has the benefit of diminishing the odds of an untimely stop out.
A danger prize can likewise be somewhat expanded regardless of whether you utilize a standard stop misfortune, rather than a "more tight one". Model: a 100 pip stop and a 200 pip target can without much of a stretch become a 100 pip stop and a 250 pip target. Why? This is on the grounds that a remember passage lets you enter the market when it has "more space" to run toward you, because of the way that cost has pulled back and it consequently has more separation to move before it follows again when contrasted with in the event that you entered at a "more awful cost" further up or down.
Cons of Retracement Trading
Obviously I will be straightforward with you and told you a portion of the "cons" of retracement exchanging, there are a not many that you ought to know about. Notwithstanding, this doesn't mean you shouldn't attempt to learn retracement exchanging and add it to your exchanging "tool stash", in light of the fact that the geniuses FAR exceed the cons.
More Missed Trades: Good exchanges will "move away" now and then when hanging tight for a retracement that doesn't occur, for instance. This can test your nerves and exchanging attitude and will bother even the best dealers. In any case, trust me, passing up exchanges isn't the most exceedingly terrible thing on the planet and it's smarter to pass up certain exchanges than to over-exchange, that is without a doubt.
Less Trades in General – A great deal of the time, advertises just don't remember enough to trigger the more moderate passage that returns with a force. All things being equal, they may simply prop up with insignificant retracements. This implies you will have less opportunities to exchange by and large when contrasted with somebody who isn't essentially hanging tight for follows.
Because of the over two focuses, retracement exchanging can be disappointing and takes unimaginable order. In any case, in the event that you build up this order you'll be WELL in front of the majority of losing dealers thus retracement exchanging can assist you with building up the control you should need to prevail at exchanging regardless of what passage technique you wind up utilizing.
Retracements Provide Flexibility in Stop Loss Placements
Setting your stop misfortune at some unacceptable point can get you taken out of an exchange rashly, that you in any case were spot on. By figuring out how to sit tight for market pull backs or retracements, you won't just enter the market at a higher-likelihood point, however you'll likewise have the option to put your stop misfortune at a lot more secure point on the diagram.
Regularly, dealers get debilitate in light of the fact that they get halted out of an exchange that actually they were spot on. Putting a stop misfortune at some unacceptable point on a diagram can get you removed from an exchange before the market truly gets an opportunity to get moving toward you. A retracement presents a clever answer for this issue by permitting you to put a more secure and more extensive stop misfortune on an exchange, giving you a superior possibility at bringing in cash on that exchange.
At the point when a market follows or pulls back, particularly inside a moving business sector, it is giving you an occasion to put your stop misfortune at a point on the outline that is significantly more averse to take you out of an exchange. Since most remembers occur into help or opposition levels, you can put the stop misfortune further past that level (more secure) which is fundamentally less inclined to be hit than if it was nearer to the level. Utilizing what I call a "standard" stop misfortune (not a tight one) in this case will give you the most obvious opportunity at keeping away from an untimely take out of an exchange.
submitted by LondonForex to u/LondonForex [link] [comments]

Forex Signals Reddit: top providers review (part 1)

Forex Signals Reddit: top providers review (part 1)

Forex Signals - TOP Best Services. Checked!

To invest in the financial markets, we must acquire good tools that help us carry out our operations in the best possible way. In this sense, we always talk about the importance of brokers, however, signal systems must also be taken into account.
The platforms that offer signals to invest in forex provide us with alerts that will help us in a significant way to be able to carry out successful operations.
For this reason, we are going to tell you about the importance of these alerts in relation to the trading we carry out, because, without a doubt, this type of system will provide us with very good information to invest at the right time and in the best assets in the different markets. financial
Within this context, we will focus on Forex signals, since it is the most important market in the world, since in it, multiple transactions are carried out on a daily basis, hence the importance of having an alert system that offers us all the necessary data to invest in currencies.
Also, as we all already know, cryptocurrencies have become a very popular alternative to investing in traditional currencies. Therefore, some trading services/tools have emerged that help us to carry out successful operations in this particular market.
In the following points, we will detail everything you need to know to start operating in the financial markets using trading signals: what are signals, how do they work, because they are a very powerful help, etc. Let's go there!

What are Forex Trading Signals?

https://preview.redd.it/vjdnt1qrpny51.jpg?width=640&format=pjpg&auto=webp&s=bc541fc996701e5b4dd940abed610b59456a5625
Before explaining the importance of Forex signals, let's start by making a small note so that we know what exactly these alerts are.
Thus, we will know that the signals on the currency market are received by traders to know all the information that concerns Forex, both for assets and for the market itself.
These alerts allow us to know the movements that occur in the Forex market and the changes that occur in the different currency pairs. But the great advantage that this type of system gives us is that they provide us with the necessary information, to know when is the right time to carry out our investments.
In other words, through these signals, we will know the opportunities that are presented in the market and we will be able to carry out operations that can become quite profitable.
Profitability is precisely another of the fundamental aspects that must be taken into account when we talk about Forex signals since the vast majority of these alerts offer fairly reliable data on assets. Similarly, these signals can also provide us with recommendations or advice to make our operations more successful.

»Purpose: predict movements to carry out Profitable Operations

In short, Forex signal systems aim to predict the behavior that the different assets that are in the market will present and this is achieved thanks to new technologies, the creation of specialized software, and of course, the work of financial experts.
In addition, it must also be borne in mind that the reliability of these alerts largely lies in the fact that they are prepared by financial professionals. So they turn out to be a perfect tool so that our investments can bring us a greater number of benefits.

The best signal services today

We are going to tell you about the 3 main alert system services that we currently have on the market. There are many more, but I can assure these are not scams and are reliable. Of course, not 100% of trades will be a winner, so please make sure you apply proper money management and risk management system.

1. 1000pipbuilder (top choice)

Fast track your success and follow the high-performance Forex signals from 1000pip Builder. These Forex signals are rated 5 stars on Investing.com, so you can follow every signal with confidence. All signals are sent by a professional trader with over 10 years investment experience. This is a unique opportunity to see with your own eyes how a professional Forex trader trades the markets.
The 1000pip Builder Membership is ordinarily a signal service for Forex trading. You will get all the facts you need to successfully comply with the trading signals, set your stop loss and take earnings as well as additional techniques and techniques!
You will get easy to use trading indicators for Forex Trades, including your entry, stop loss and take profit. Overall, the earnings target per months is 350 Pips, depending on your funding this can be a high profit per month! (In fact, there is by no means a guarantee, but the past months had been all between 600 – 1000 Pips).
>>>Know more about 1000pipbuilder
Your 1000pip builder membership gives you all in hand you want to start trading Forex with success. Read the directions and wait for the first signals. You can trade them inside your demo account first, so you can take a look at the performance before you make investments real money!
Features:
  • Free Trial
  • Forex signals sent by email and SMS
  • Entry price, take profit and stop loss provided
  • Suitable for all time zones (signals sent over 24 hours)
  • MyFXBook verified performance
  • 10 years of investment experience
  • Target 300-400 pips per month
Pricing:
https://preview.redd.it/zjc10xx6ony51.png?width=668&format=png&auto=webp&s=9b0eac95f8b584dc0cdb62503e851d7036c0232b
VISIT 1000ipbuilder here

2. DDMarkets

Digital Derivatives Markets (DDMarkets) have been providing trade alert offerings since May 2014 - fully documenting their change ideas in an open and transparent manner.
September 2020 performance report for DD Markets.
Their manner is simple: carry out extensive research, share their evaluation and then deliver a trading sign when triggered. Once issued, daily updates on the trade are despatched to members via email.
It's essential to note that DDMarkets do not tolerate floating in an open drawdown in an effort to earnings at any cost - a common method used by less professional providers to 'fudge' performance statistics.
Verified Statistics: Not independently verified.
Price: plans from $74.40 per month.
Year Founded: 2014
Suitable for Beginners: Yes, (includes handy to follow trade analysis)
VISIT
-------

3. JKonFX

If you are looking or a forex signal service with a reliable (and profitable) music record you can't go previous Joel Kruger and the team at JKonFX.
Trading performance file for JKonFX.
Joel has delivered a reputable +59.18% journal performance for 2016, imparting real-time technical and fundamental insights, in an extremely obvious manner, to their 30,000+ subscriber base. Considered a low-frequency trader, alerts are only a small phase of the overall JKonFX subscription. If you're searching for hundreds of signals, you may want to consider other options.
Verified Statistics: Not independently verified.
Price: plans from $30 per month.
Year Founded: 2014
Suitable for Beginners: Yes, (includes convenient to follow videos updates).
VISIT

The importance of signals to invest in Forex

Once we have known what Forex signals are, we must comment on the importance of these alerts in relation to our operations.
As we have already told you in the previous paragraph, having a system of signals to be able to invest is quite advantageous, since, through these alerts, we will obtain quality information so that our operations end up being a true success.

»Use of signals for beginners and experts

In this sense, we have to say that one of the main advantages of Forex signals is that they can be used by both beginners and trading professionals.
As many as others can benefit from using a trading signal system because the more information and resources we have in our hands. The greater probability of success we will have. Let's see how beginners and experts can take advantage of alerts:
  • Beginners: for inexperienced these alerts become even more important since they will thus have an additional tool that will guide them to carry out all operations in the Forex market.
  • Professionals: In the same way, professionals are also recommended to make use of these alerts, so they have adequate information to continue bringing their investments to fruition.
Now that we know that both beginners and experts can use forex signals to invest, let's see what other advantages they have.

»Trading automation

When we dedicate ourselves to working in the financial world, none of us can spend 24 hours in front of the computer waiting to perform the perfect operation, it is impossible.
That is why Forex signals are important, because, in order to carry out our investments, all we will have to do is wait for those signals to arrive, be attentive to all the alerts we receive, and thus, operate at the right time according to the opportunities that have arisen.
It is fantastic to have a tool like this one that makes our work easier in this regard.

»Carry out profitable Forex operations

These signals are also important, because the vast majority of them are usually quite profitable, for this reason, we must get an alert system that provides us with accurate information so that our operations can bring us great benefits.
But in addition, these Forex signals have an added value and that is that they are very easy to understand, therefore, we will have a very useful tool at hand that will not be complicated and will end up being a very beneficial weapon for us.

»Decision support analysis

A system of currency market signals is also very important because it will help us to make our subsequent decisions.
We cannot forget that, to carry out any type of operation in this market, previously, we must meditate well and know the exact moment when we will know that our investments are going to bring us profits .
Therefore, all the information provided by these alerts will be a fantastic basis for future operations that we are going to carry out.

»Trading Signals made by professionals

Finally, we have to recall the idea that these signals are made by the best professionals. Financial experts who know perfectly how to analyze the movements that occur in the market and changes in prices.
Hence the importance of alerts, since they are very reliable and are presented as a necessary tool to operate in Forex and that our operations are as profitable as possible.

What should a signal provider be like?

https://preview.redd.it/j0ne51jypny51.png?width=640&format=png&auto=webp&s=5578ff4c42bd63d5b6950fc6401a5be94b97aa7f
As you have seen, Forex signal systems are really important for our operations to bring us many benefits. For this reason, at present, there are multiple platforms that offer us these financial services so that investing in currencies is very simple and fast.
Before telling you about the main services that we currently have available in the market, it is recommended that you know what are the main characteristics that a good signal provider should have, so that, at the time of your choice, you are clear that you have selected one of the best systems.

»Must send us information on the main currency pairs

In this sense, one of the first things we have to comment on is that a good signal provider, at a minimum, must send us alerts that offer us information about the 6 main currencies, in this case, we refer to the euro, dollar, The pound, the yen, the Swiss franc, and the Canadian dollar.
Of course, the data you provide us will be related to the pairs that make up all these currencies. Although we can also find systems that offer us information about other minorities, but as we have said, at a minimum, we must know these 6.

»Trading tools to operate better

Likewise, signal providers must also provide us with a large number of tools so that we can learn more about the Forex market.
We refer, for example, to technical analysis above all, which will help us to develop our own strategies to be able to operate in this market.
These analyzes are always prepared by professionals and study, mainly, the assets that we have available to invest.

»Different Forex signals reception channels

They must also make available to us different ways through which they will send us the Forex signals, the usual thing is that we can acquire them through the platform's website, or by a text message and even through our email.
In addition, it is recommended that the signal system we choose sends us a large number of alerts throughout the day, in order to have a wide range of possibilities.

»Free account and customer service

Other aspects that we must take into account to choose a good signal provider is whether we have the option of receiving, for a limited time, alerts for free or the profitability of the signals they emit to us.
Similarly, a final aspect that we must emphasize is that a good signal system must also have excellent customer service, which is available to us 24 hours a day and that we can contact them at through an email, a phone number, or a live chat, for greater immediacy.
Well, having said all this, in our last section we are going to tell you which are the best services currently on the market. That is, the most suitable Forex signal platforms to be able to work with them and carry out good operations. In this case, we will talk about ForexPro Signals, 365 Signals and Binary Signals.

Forex Signals Reddit: conclusion

To be able to invest properly in the Forex market, it is convenient that we get a signal system that provides us with all the necessary information about this market. It must be remembered that Forex is a very volatile market and therefore, many movements tend to occur quickly.
Asset prices can change in a matter of seconds, hence the importance of having a system that helps us analyze the market and thus know, what is the right time for us to start operating.
Therefore, although there are currently many signal systems that can offer us good services, the three that we have mentioned above are the ones that are best valued by users, which is why they are the best signal providers that we can choose to carry out. our investments.
Most of these alerts are quite profitable and in addition, these systems usually emit a large number of signals per day with full guarantees. For all this, SignalsForexPro, Signals365, or SignalsBinary are presented as fundamental tools so that we can obtain a greater number of benefits when we carry out our operations in the currency market.
submitted by kayakero to makemoneyforexreddit [link] [comments]

gold weekly forecast november 2020

Investors keep an eye on gold from past few weeks as the precious metal already made new record high this year in 2020, a major price breakthrough above 2000$ in comex is awaited since long time. From past 1 month gold was not showing any major movement untill yesterday when prices suddenly collapsed after the confirm news of corona vaccine by pfizer claiming 90% recovery & today tested 100% recovery tested. In addition to all this majority of investors were waiting for US presidential election results which we all came to know that joe biden already won this, so its a good news for market for sometime market will recover as trump is voted out although there is some still controversial statements about mismatch of votes which is under legal eyes. so about gold technically it must show a major correction still on charts before making any new high above 2000$.
If we consider yesterdays move in comex forex, correction still exist which we may see soon as soon as gold fall below 1870 gold will test again 1850 range which is not a major support but can hold prices for sometime, if not we can see deadfall in gold till 1800 or even more lower. alternatively prices can only shoot up if sustain above 1900 & more bullish trend above 1920, in mcx gold awaits more correction below 49900 till 49500 & more down below 49100, upside trend reversal only if sustain between 50800-51000 upto 52000 & above.
Free signal: intraday comex forex sell below 1870 with 1890 stoploss & 1850, 1840 target, buy above 1890 with 1870 stoploss & 1910,1920 target. In mcx sell below 49900 with 50300 stoploss & 49400, 49200 target & buy above 50500 with 50200 stoploss & 50900 target.
To get a personalized gold trading report daily, weekly & monthly basis with our AI based assistance you can contact us on any of the following.
https://www.facebook.com/trade3x3/ https://www.instagram.com/trade3x3/ https://www.twitter.com/trade3x3/ https://www.youtube.com/trade3x3/
submitted by trade3x3roy to Gold [link] [comments]

Free Forex Trading Signals Specifically for Binary Options

Providing Free Forex Trading Signals Specifically for Binary Option Traders
Hello Guys,
I have started providing free forex trading signals specifically for Binary Options Traders since today.
My hit rate is over 65%
These trades will be superbly profitable if the payout is over 100%. Some brokers do offer payouts over 100%
The next question that would come to anyone’s mind who reads this is, why are you giving free signals away if they are so profitable? Well, to be honest, I have a problem. The system I have made for giving me signals is superb, but I just cannot control myself and end up over trading. I over trade and end up blowing my account every single time. This system would be superb for someone who can control their emotions and not over trade. So today I have had enough, and I have decided to offer free trading signals.
So what’s in it for me? The idea is to offer free trading signals to build a large following and then I will move on to a limited number of signals for free and all the signals for paid users. That’s how I plan to make money.
Well, now you must be wondering that I have ranted enough so where’s the proof?
I am attaching the link to my twitter profile where I have posted 5 trades along with the entry and proof that they hit targets. Please note that the expiry of 4 minutes works out best for binary options on my trading signals.
Let me know what you guys think. If you truly feel it’s legit then please spread the word.
Thank YouTwitter Posts
submitted by ThreeD710 to options [link] [comments]

H1 Backtest of ParallaxFX's BBStoch system

Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.
TL;DR at the bottom for those not interested in the details.
This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished.

Background

For those of you not familiar, please see the various threads on this trading system here. I can't take credit for this system, all glory goes to ParallaxFX!
I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose.
This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem.
I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested.

System Details

I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here:

And now for the fun. Results!

As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker.
EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding.

A Note on Spread

As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits.
Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(~1% either way).
However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to 37.94% if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades.
You can get your profits all the way up to 48.43% at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term.
Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless.

Time of Day

Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either.
On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time):
I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate.
That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups.

Moving stops up to breakeven

This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers.
Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability.
One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)?
Well, some complex excel formulas later and here's what the results appear to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place.
Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right?
Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario:
From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert.
I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall.
The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer.

2-Candle vs Confirmation Candle Stops

Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it.
Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL.
Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it.

Correlated Trades

As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular.
Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system.
This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here).
Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses.
Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels).
Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant.
One more funny tidbit: EUCAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak.
EDIT: WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking.
To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much.
I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system.
This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions.
There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated.
I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful.
Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong.

What I will trade

Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps):
Looking at the data for these rules, test results are:
I'll be sure to let everyone know how it goes!

Other Technical Details

Raw Data

Here's the spreadsheet for anyone that'd like it. (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.)
I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together.

Insanely detailed spreadsheet notes

For you real nerds out there. Here's an explanation of what each column means:

Pairs

  1. AUD/CAD
  2. AUD/CHF
  3. AUD/JPY
  4. AUD/NZD
  5. AUD/USD
  6. CAD/CHF
  7. CAD/JPY
  8. CHF/JPY
  9. EUAUD
  10. EUCAD
  11. EUCHF
  12. EUGBP
  13. EUJPY
  14. EUNZD
  15. EUUSD
  16. GBP/AUD
  17. GBP/CAD
  18. GBP/CHF
  19. GBP/JPY
  20. GBP/NZD
  21. GBP/USD
  22. NZD/CAD
  23. NZD/CHF
  24. NZD/JPY
  25. NZD/USD
  26. USD/CAD
  27. USD/CHF
  28. USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:

Demo Trading Results

Since this post, I started demo trading this system assuming a 5k capital base and risking ~1% per trade. I've added the details to my spreadsheet for anyone interested. The results are pretty similar to the backtest when you consider real-life conditions/timing are a bit different. I missed some trades due to life(work, out of the house, etc), so that brought my total # of trades and thus overall profit down, but the winrate is nearly identical. I also closed a few trades early due to various reasons(not liking the price action, seeing support/resistance emerge, etc).
A quick note is that TD's paper trade system fills at the mid price for both stop and limit orders, so I had to subtract the spread from the raw trade values to get the true profit/loss amount for each trade.
I'm heading out of town next week, then after that it'll be time to take this sucker live!

Live Trading Results

I started live-trading this system on 8/10, and almost immediately had a string of losses much longer than either my backtest or demo period. Murphy's law huh? Anyways, that has me spooked so I'm doing a longer backtest before I start risking more real money. It's going to take me a little while due to the volume of trades, but I'll likely make a new post once I feel comfortable with that and start live trading again.
submitted by ForexBorex to Forex [link] [comments]

Most Reliable Forex Signal Provider

Most reliable Forex signal providers stop harms of 30 - 100- pips and have pre-defined income profit levels. Infrequently, a takings profit level will be different from a behind stop if the market kinds a strong break through our target level. We will submit our signal previously the move occurssinceeffects happen rapidly in the Forex market. Infrequently it is impossible to offer a signal already the market transfer takes place.
submitted by JoshuaFaris123 to u/JoshuaFaris123 [link] [comments]

Part IV - My 10 Minutes/Day Trading Strategy

Part IV - My 10 Minutes/Day Trading Strategy
Part IV - Entry Options
Hey everyone, you can find Part III of this series here: https://www.reddit.com/Forex/comments/h97sv7/part_iii_my_10_minutesday_trading_strategy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Welcome to Part IV where I will be discussing various entry options. I’ve said this before, but it is worth repeating here as well: identifying a technical setup is one thing. Making money off of that setup is a whole other thing. This is precisely why most signal services fail. While the quality of the signal provider is one thing to consider, the other thing to take into account is that it is very difficult to blindly trade like somebody else - even if they give you their exact entry and exit points.
This is why I really want to focus on figuring out how to make MY strategy work for YOU. I will share with you a few different options for entries based on the strategy’s prototypical setup. But it is 100% on you to figure out what suits your trading style, personality, and lifestyle the best.
Part V will cover exit options.
Part VI will cover risk allocation & management
Let’s get on with it.
Basic Notes On Entries:
We are assuming that all entries are referring to a setup that forms at 5pm EST. I am using 5pm EST because that is when the most trading opportunities have the potential of occurring based on this strategy. It is also when you will see the spreads widen out as the NY Session comes to a close. Therefore, you will not want to take a market order right at 5pm EST. Usually the spreads start narrowing again by 6pm EST.

  1. Market order
  2. Limit order (we will use fibonacci retracements to figure out where to place our limit entry orders)
  3. Stop order (we can set a stop order beyond the setup candle’s high/low. I personally do not recommend this particular method, but I am including it here because one trader that uses this strategy has had success with it and prefers it)
The big difference between the stop order and the other entry types is pretty simple. If you are using a stop order to get into the trade, you will not have as good a risk to reward ratio as a trader that used a limit order to get into the trade. The advantage to using a stop order is that there will be some trades where you do not enter the trade because price never went beyond the high/low point of the setup candle. This means you avoid taking a loss on those trades whereas a trader who used a limit or market order to get into the trade would take a loss. The other advantage is that there may be trade setups where the limit orders don’t get filled but the stop order will. I have NOT statistically tested stop orders vs the other order types. If you want to know what works best for you, it is on you to do the testing.
Okay let’s take a deeper look now into the different ways we can enter:

  1. Limit order: We will draw our fibonacci retracement levels over the setup candle (I have updated the Fibonacci levels I use in Part III. Replaced the old screenshot with the new one with up-to-date levels). We will then look to place our limit orders just below (IF a short trade setup) / above (IF a long trade setup) the 23.6% and 38.2% Retracement levels. When I say just below or above, I am referring to the spread amount at minimum. However more above/below you want to go is up to you and your testing. Sometimes your limit orders get filled rather quickly. Sometimes they take longer (hours longer). I cancel unfilled Retracement orders if price has run to a fiboancci extension level without filling me on the trade. The obvious benefit to limit orders is that you can set your orders and then simply walk away from the screens. IF the setup candle closes past its 23.6% Retracement level then you will only take ONE limit order off the 38.2%.

  1. Market order: Since we will not be taking a market order trade right at 5pm EST, this leaves us with options. Because a market order does not guarantee us a fill price, we do have some flexibility vs taking strict limit orders. The risk you run with using limit orders is that if your price is not met, you do not get filled. So for example, let’s say it is 6pm EST and the spreads begin to narrow once more and price just so happens to trade right around the 23.6% Fibonacci Retracement area. This is a great opportunity to simply take a market order and get into the trade. Let’s say, however, that price never retraced back into the setup candle and it looks like the trade may simply run to its profit target. What do you do? Well, you can still take a market order to get into the trade… OR you can wait to see if price will retrace back into the candle later on… OR you can write the trade off because price has already run to a fibonacci extension level. The bottom line is that if you have flexibility and you have options. **NOTE: On setups that occur outside the 5pm hour, you can obviously take market orders as soon as the setup bar closes without worrying about unusual spreads)**

  1. Stop order: Stop orders are similar to limit orders in that you can set the orders and then walk away from the screens. If you are using stop orders you will not split your order into several parts. You will simply take one order. You will set the stop order just beyond the high/low of the setup candle.
My preferred method of entry:
I like to combine the market and limit entry options myself. Again - assuming a 5pm EST setup here is what I do:

  • Set limit orders at 38.2 and 61.8% Retracement levels and walk away. If I get a notification that my 23.6% order got triggered, I don’t have to come back to my screens. If I don’t get a notification that my 23.6% order got triggered by 6pm EST, I’ll come back to the trade setup and execute a market order and then delete the 23.6% order. I leave the 38.2% limit order as is. Hopefully it triggers, but if it doesn’t then at least I have half my position on. IF it is a situation where the setup candle closes past its 23.6% Retracement then I will only take 1 order, whether it is the market or the limit.
Final Thoughts:
I hope this gives you some insight into how we look at taking entries on the setup. There is a lot of room for additional mix and matching. You could combine limit orders with a stop order for example. I encourage you to play around and experiment with different entry conditions and see what feels best for you.
Some Examples:
*NOTE ON THE EXAMPLES* I have done my best to pick very recent examples so you can go back to this months’ charts to find a lot of these setups

https://preview.redd.it/sqj1haj3g4651.png?width=2820&format=png&auto=webp&s=39b1c99981856e85ab7c662926134994306c1938
https://preview.redd.it/5h1jacj3g4651.png?width=2820&format=png&auto=webp&s=2a7ddda53eca7b1f299d39ff67ff67f1739d8150
https://preview.redd.it/1h688uj3g4651.png?width=2820&format=png&auto=webp&s=d5f96ea18ec208329a18bca6f1b2da04d4eef8b5
https://preview.redd.it/vlhywuj3g4651.png?width=2820&format=png&auto=webp&s=58ae4911a1899f85e2e05f603f0f5856c4cc2c3f
https://preview.redd.it/h2wd4uj3g4651.png?width=2820&format=png&auto=webp&s=f332fe0cd5445d4170f4e6ac0d23351bbf08dae3
submitted by ParallaxFX to Forex [link] [comments]

How You Can Recover Your Funds on Binary Options

You most likely landed on this page because have lost some or a lot of money to binary options broker or binary options companies. You are probably thinking; "I was scammed on binary options, how do i get my money back?" "How to get money back from binary options" "Binary options refund" etc
Hiring a verified funds recovery expert, since this is the best way to recover your money from a bad binary options broker without wasting time and money. Don't toy around with you hard earned money by getting involved with a scam broker. Verified recovery experts are highly recommended.
How can I Recover my Funds on Binary Options?
Financial fraud continues to expand with Forex and binary options fraud. And this is a trend that has gained a lot of ground globally. A lot of people around the world are targeted each day. In many cases, they are novice investors who are unfamiliar with the markets and do not recognize that they are dealing with a bogus trading platform.
The fraudulent brokers rely on this lack of knowledge. Eventually, when the fraudsters finally decide that there is no more money to be had from the unfortunate target they cut all contact, the hapless investor begins to suspect that they have been scammed. But the good news is that you can now hire a verified recovery expert to help recover the lost funds.
Which is the Best Binary Options Recovery Service
So what exactly is a binary options recovery service? The nature of service they offer is pretty straightforward and easy to understand. They provide a solution for recovering money that’s been lost due to a binary options, forex, investment scam etc. There are some recovery services that also claim to hack social media accounts and to recover lost passwords. Usually, a fee is paid upfront (for taking the case) or a percentage of the recovered amount, or both in some cases.
The payment model varies depending on the website/service you’re choosing: sometimes you will pay them a time-sensitive fee (the longer they work, the more they get paid, even if they don’t recover any money) and sometimes you will pay only if they recover all or part of the amount you’ve lost. However, the initial fee is mostly always paid as administrative charges. It is advisable you only work with a verified recovery specialist.
How to Recover Your Funds on Binary Options Forex
You may be thinking; "How can I recover my funds on binary options?" Finding the so-called recovery experts may appear really easy. Since all you have to do in most cases is to sift through the comments section of any binary options related article. You are likely to see someone praising the professionalism and high success rate of such recovery services, or you can even find the representatives of the recovery company itself advertising and sharing contact information.
Online search is also an easy way of finding a binary options recovery service. But to ensure your safety, we recommend working only with one of the verified recovery experts. I have an important piece of information for victims of binary options scam, and people who have lost money to bad binary options trading decision. You can now refund your money within a short period of time.
How Can I Get my Money Back from a Binary Options Scam?
Binary options scam is all over the place in the recent time and due to greediness people fall victim daily to bogus promises. Out of 100% of people or companies advertising investment, just like 2% can guarantee the outcome. The rest are rodney stegall wannabe who just want to take your money. So think twice before bringing out your credit card!
This is also a signal to all regulatory authorities, including law firms to buckle up. This is one of the best and most informative binary options forex wealth recovery international service. All the solution you need to get your money back from binary options, forex, investment scam is a verified recovery expert.
submitted by HairyFunny8 to u/HairyFunny8 [link] [comments]

Dollar goes up amid the troubles. Forecast as of 30.09.2020

Dollar goes up amid the troubles. Forecast as of 30.09.2020
Carry trades have been an important driver of the EURUSD fall in September. It should go on in October. Let us discuss the euro outlook and make up a EURUSD trading plan

Weekly fundamental US dollar forecast

Money rules the world. In summer, big traders were selling off the dollar. In autumn, they are eagerly buying it again. If we answer the question “Why?”, we can understand what will be next. The world is going to change after the pandemic and the US presidential election. The clue could be given by the assets crashed in September. It is not enough just to sell the greenback, one should buy something instead. Emerging markets’ currencies have significantly weakened in September, and the bet on carry trades hasn’t worked out. Carry traders were closing positions, going back to the US dollar, which has become one of its major growth drivers.
In 2015-2019, amid the Fed monetary normalization, the greenback lost its appeal as a funding currency, giving the way to the euro and the yen. 2020 should have begun the golden age for carry traders. The federal funds rate crashed to a zero level, Treasury yield rolled down to all-time lows, and the rise of the US stock indexes up from the March lows reassured investors pressing down the volatility. Furthermore, most analysts suggested a grim outlook for the dollar, and speculators increased the USD shorts to a two-year high. The situation was perfect for carry traders!

Dynamics of Treasury yield and break-even


Source: Wall Street Journal

Dynamics of USD speculative positions



Source: Wall Street Journal
Remarkably, this perfect world has crashed because of the Fed. The Fed, by its vague explanation of the new average inflation targeting policy, has triggered the volatility rise, which pressed down the global risk appetite and supported the greenback strengthening. The situation has also been fueled by the disputes among the Republicans and the Democrats about the new fiscal stimulus package. But the responsibility of the central bank is clear. The US presidential election is another factor, which increases the FX volatility, discourages carry traders, and drives the USD index up. The presidential election is going to be the most important topic for financial markets in October.
Ahead of the debates, the EURUSD rates were rising amid the concerns that Joe Biden could beat Donald Trump, which would send the dollar down. In fact, there wasn’t a constructive talk. The opponents frequently interrupted each other and even resorted to verbal insults, which emphasized their disrespect for each other. Based on the approval ratings, no one won. The major currency pair is unlikely to rally up. Uncertainty will drive Forex through November 4, and the greenback as a rule benefits form the uncertainty. Another matter is a new world. The world after the pandemic and the election. The world of carry trades and emerging markets’ currencies. After all, it too early to speculate about this.

Weekly trading plan for EURUSD

In the short run, the inability of the EURUSD bulls to drive the rates back above 1.18 will signal their weakness, increasing the risk of the consolidation in the range of 1.161-1.177. Especially since investors would rather wait and see ahead of the US jobs report. It makes sense to avoid trading or trade intraday.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/dollar-goes-up-amid-the-troubles-forecast-as-of-30092020/ ?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

EUR/USD forecast: Euro doesn’t believe its luck

EUUSD forecast: Euro doesn’t believe its luck

Fundamental euro forecast for today

EUUSD bulls do not believe Christine Lagarde’s optimism

ECB is monitoring the euro exchange rate, but it is not willing to start a currency war now. Christine Lagarde expressed optimism about the euro-area economic recovery, the ECB president hasn’t signaled the further monetary easing in the near future. Lagarde’s speech should have encouraged the EUUSD bulls, but they didn’t believe the good news, so they didn’t go ahead. It looks like a catch. The ECB officials express concerns about the euro strengthening ahead of the Governing Council meeting, and, next, the ECB president sounds hawkish.
At the press conference, Christine Lagarde several times stressed that exchange rates and the euro appreciation were not the ECB policy target. However, the exchange rate was the most discussed topic at the Governing Council meeting in September. According to a Reuters source familiar with the matter, the ECB officials have agreed that the EUUSD rally resulted from a faster economic rebound in the euro area compared to the US growth, the Fed’s easy monetary policy, the increased confidence in the currency bloc due to the management of the pandemic fallout. Moreover, the upcoming presidential election in the US weighs on the US dollar. Bloomberg’s leading indicators signal that the GDP recovery is the fastest in Germany. After a temporary downturn in France, Italy, and Spain on concern about the second wave of the COVID-19 outbreak, the economic activity is gradually increasing. The UK, US, and Canada persistently lag behind.

Dynamics of the economic recovery


Source: Bloomberg
Four sources on the ECB's Governing Council told Reuters that the ECB acknowledges the negative effects of the euro's strength on inflation and growth, but the central bank is not willing to start a currency war. Speaking after the meeting, two sources said they saw $1.20 as not far from the equilibrium exchange rate at present. According to Citigroup, if the EUUSD is up by another 5%, the European Central Bank will take active measures. In the meanwhile, the regulator is carefully monitoring the exchange rates of the regional currency. The Governing Council policymakers at the meeting considered adopting the language used to stem the euro's previous rally, in early 2018, when the former ECB President Mario Draghi described "volatility in the exchange rate" as "a source of uncertainty", according to Reuters.
The Reuters sources say the southern countries of the eurozone are much more concerned about the euro strengthening than the northern ones. The Governing Council hawks wanted Lagarde to note the great progress in the euro-area economic recovery. François Villeroy de Galhau, the governor of the French central bank, insisted on this especially strongly.
So, the EUUSD bulls feared verbal interventions, signals of monetary easing, and the ECB willingness to follow the Fed’s example and target the average inflation. None of the fears came true. However, the euro hasn’t consolidated above $1.19. Are the buyers so weak? Or, they could feel a catch and will resume attacks after the ECB officials’ speeches. I suppose both scenarios should be considered. If the euro rises above $1.192, it will be relevant to buy. If it slides down below the support levels of $1.1795 and $1.1765, we should sell the euro versus the dollar.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/eurusd-forecast-euro-doesnt-believe-its-luck/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Best Forex Signal service

Best Forex Signal service

https://preview.redd.it/n753h8pj4ji51.png?width=1134&format=png&auto=webp&s=bfb838b76d3e22b11abd7614c90356f3540644cf

You should be looking to do your own due diligence and not rely on any other person’s analysis or signal. Your research is always worth more than outside parties’ because only you know your expectations, risk appetite, horizon, traded asset, etc.

Start by trying out free signal providers (as you have already mentioned in your question) that are reliable. By reliable I mean if they can provide you with enough information such as:

Verifiable track record that you can see (e.g. the posts with the timestamp of when the idea was initiated and the update right until closing out of the position).

Clear signals Best Forex Signal service with charts and the levels. Showing some more information is an added-plus. However, signals that rely on only phrases are incomplete. Users of signals are not blind idiots; you have to at least provide some form of chart that supports your claims even if you’re using a secret model as a primary driver.

Regular updates. You don’t want to only see Buy, sell, buy, sell all around. We are the Best Forex Signal Provider and you have to be able to see some: Reached the first target, stopped out, probably the move will continue in this direction, and touched the entry level trade initiated. Something that interacts with users.

We are providing Direct Forex Signals and this is the best trick. The signals are of course free. Feel free to join in! Trading Signals

submitted by ForexTradingBrokers to u/ForexTradingBrokers [link] [comments]

Best Forex Signal service

Best Forex Signal service

https://preview.redd.it/tf0g7e3qs3i51.png?width=1134&format=png&auto=webp&s=b8ac56bbe478ded6e0c091086bcada9c3658aaae

You should be looking to do your own due diligence and not rely on any other person’s analysis or signal. Your research is always worth more than outside parties’ because only you know your expectations, risk appetite, horizon, traded asset, etc.

Start by trying out free signal providers (as you have already mentioned in your question) that are reliable. By reliable I mean if they can provide you with enough information such as:

Verifiable track record that you can see (e.g. the posts with the timestamp of when the idea was initiated and the update right until closing out of the position).

Clear signals Best Forex Signal service with charts and the levels. Showing some more information is an added-plus. However, signals that rely on only phrases are incomplete. Users of signals are not blind idiots; you have to at least provide some form of chart that supports your claims even if you’re using a secret model as a primary driver.

Regular updates. You don’t want to only see Buy, sell, buy, sell all around. We are the Best Forex Signal Provider and you have to be able to see some: Reached the first target, stopped out, probably the move will continue in this direction, and touched the entry level trade initiated. Something that interacts with users.

We are providing Direct Forex Signals and this is the best trick. The signals are of course free. Feel free to join in! Trading Signals

submitted by BestForexSignal1 to u/BestForexSignal1 [link] [comments]

dux forex

3) More Than leveraged - Leverage is a two way street. The Currency is half a commerce; failure or success depends upon being about the money that makes up the set. Profit targets will produce the agent rich. The desire to"only" make a couple hundred dollars per day by bending in miniature profits whenever possible will be a losing approach. A cost fast becomes a high cost when you're trading from the trend. Two ) Overtrading - trading with tiny and tight stops 4) Determined by Others -- Actual investors play a lone hand; they Brokers want you to work with leverage since that means more disperse income because your position dimension determines the quantity of spread income; the bigger the position the spread income the broker earns. Traders, and hedge funds have a enormous advantage they could push the currencies round when no volume is currently going through and the ending game is new traders get fleeced attempting to exchange signs best forex brokers in uk.
There is just one signal during off hours – stay out. Trading plan is a blueprint for trading success; it spells out everything you see your edge as being; if you don't have an advantage, you do not have a plan, and likely you'll wind up a statistic (portion of this 95% of traders that lose and quit). 1) Knowledge Deficiency -- Many new FOREX traders do Not take Make their own conclusions and do not rely on others to make their trading decisions for themthere is not any halfway; either trade for yourself or have someone else exchange for you. Agents is a recipe for disaster. When you place on a commerce commit to a stop loss limit which enables your trade a fair opportunity to develop. 9) No Trading Strategy - earn money is not a trading plan brokers reviews.
A 7) Trading Through Off Hours -- Bank FX traders, option The time to find out what pushes money rates (mostly fundamentals). When news or a statement is because they have to close out their positions and also sit out the very best trading opportunities. Following the market calms down, they are taught to only trade. So they overlook the entire move and trade the random sound that follows a cost move that is fundamental. About trading the aftermath of a price movement, just think for a minute . 8) Trading a Currency, Not a Demo -- Becoming right about a Sorts; they are not as time sensitive as actual accounts and so give the impression that time sensitive trading systems, such as average crossovers can be constantly profitably traded; after you start dealing with real cash reality is fast to set in. Difference between buying and buying. What was 5) Stop Losses -- Putting tight stop losses with retail top forex brokers
submitted by usamaali5050 to u/usamaali5050 [link] [comments]

forex bitcoin

3) Over leveraged - Twist is a two way street. The Money is a trade; upon being about the currency that makes up the 22, failure or success is dependent. Profit targets will produce the agent rich. The desire to"just" make a couple hundred dollars each day by bending in miniature profits whenever possible will be a losing strategy. A price becomes a top price when you are trading from the trend. 2) Overtrading - Trading frequently with tiny and tight stops 4) Deciding Others -- Real traders play a lone hand; yet they Brokers would like you to utilize high top forex brokersleverage since that means disperse income because your position dimension determines the amount of spread income; the bigger the position the more spread income the broker earns.
Hedge funds, and Dealers have a huge benefit they could push the currencies around the final game is new dealers get fleeced trying to exchange signals and when no quantity is going through. There is hours stay out. Trading strategy is a blueprint for trading success; it spells out exactly what you see that your edge as being; if you do not have an edge, you don't have a plan, and probably forex bonus you'll wind up a statistic (a part of the 95 percent of traders that lose and quit). 1) Knowledge Deficiency -- Most new FOREX traders don't take Make their own decisions and do not rely on others to produce their trading decisions to these there is absolutely no halfway; either exchange on your own or have somebody else trade for you. Brokers is a recipe for disaster. When you set on a trade commit to a fair stop loss limit which permits your trade a opportunity to develop.
9) No Trading Strategy - earn money isn't a trading plan. A 7) Trading Through Off Hours -- Bank FX traders, option The opportunity to learn what drives currency rates (primarily fundamentals). When news or a statement is because they must close out their positions forex trading tips and also sit out the very best trading opportunities. They are educated to trade after the market melts. So they overlook the noise that follows a cost movement to the movement and trade. About trading the wake of a price movement just think ; there is not any potential. 8) Trading a Money, Not a Pair -- Becoming right about a Sorts; they are not as time sensitive as accounts and so give the impression sensitive trading strategies, such as short-term moving average crossovers could be consistently profitably traded:once you begin dealing with real cash reality is quick to set in. Difference between buying and purchasing. What was 10) Trading Against Prevailing Trend -- There's a huge
submitted by usamaali5050 to u/usamaali5050 [link] [comments]

axis bank forex card

The time to understand what pushes currency rates (mainly fundamentals). When news or a statement is due out they need to close out their positions and also sit out the best trading opportunities. Following the market calms down, They're educated to trade So basically they overlook the entire move and then trade the random sound that follows a price movement. About trading the wake of a price move just think ; there's not any potential. 3) More Than leveraged - Twist is a two way street. The 7) Trading Through Off Hours -- Bank FX traders, alternative 8) Trading a Money, Not a Demo -- Becoming right about a 1) Knowledge Deficiency -- Most new FOREX traders forex expert advisor do Not take Brokers want you to utilize leverage because that means disperse income since your position dimension determines the amount of spread income; the larger the position the more spread income the agent earns. 4) Relying on Others –
Actual investors play a lone hand; yet they Make their own conclusions and don't rely on others to make their trading decisions to them; there is no halfway; either trade on your own or have someone exchange for you. Currency is a transaction; failure or success is dependent upon being about the next money that makes up the pair. Dealers, and hedge funds have a huge benefit throughout hours; they could push against the monies round the final game is new tradersforex trading software become fleeced attempting to exchange signals and when no quantity is currently going through. There is only one signal during off hours -- stay out. Profit targets will create the agent wealthy. The need to"just" make a couple of hundred dollars per day by locking in tiny profits whenever possible will be a losing strategy. 6) Demo Accounts -- Broker demo accounts are a shill sport of 9) No Trading Plan - Make money isn't a trading plan.
A Two ) Overtrading - trading often with miniature and stops Brokers is a recipe for failure. When you put on a commerce commit to a fair stop loss limit that permits your trade a opportunity to develop. Sorts; they're less sensitive as accounts and therefore give the impression that time sensitive trading strategies, such as average crossovers can be always profitably traded; after you start dealing with real money reality is quick to install. Trading plan is a blueprint for trading achievement;best forex brokers it spells out exactly what you see your advantage as being; even if you don't have an advantage, you do not have a plan, and probably you will end up a statistic (a part of this 95 percent of traders who lose and quit). Difference between buying and purchasing. What was A cost quickly becomes a top cost when you are trading from the trend.
submitted by usamaali5050 to u/usamaali5050 [link] [comments]

Earn extra on daily basis upto $400 !!!!!!

Hiiiiiiiiii,


Looking for extra income............We are there to help you 24*7 !!!!
We at Fx1000pips provide daily Signals From Up To 50 Sources,On the daily Basis we provide 2-15 Signals,Our Forex Experts provide 1-3 Targets Per Trade,We are available for the assistance 24/7,Along with that we also Give you helpful Money Management Tips,Weekly Pips Count,Worldwide Delivery,Daily Tips.
Imagine How Much Better Trades You Could Make,Get Access Today And Join.The Top 1% Of Forex Traders.Get exclusive access to high accuracy signals from over 50+ Top Signal Sources.Experience the same results expert Forex Traders get by using the highest accuracy signals in the industry.Improve Your Trading Results with top signals sent directly to your phone. Have new confidence when buying and selling!
For More Information contact us on Toll free no :18886248846.
Also reach us on our Website:http://fx1000pips.com/
Telegram group link- http://fx1000pips.com/
submitted by fx1000pips to u/fx1000pips [link] [comments]

Fundamental U.S. dollar forecast for today

Fundamental U.S. dollar forecast for today

Fundamental U.S. dollar forecast for today

The major currency pair is about to start consolidation

Over the past four months, investors have been selling off the dollar, which seemed to have lost its profitability, against the world major currencies. The speculative net dollar shorts have reached the highest levels, and hedge funds have opened euro long positions the first time over the past two years. The market is confident that the EUUSD will be trading at 1.2 sooner or later. What if it is wrong? The dollar may still gain its strength back.
As the greenback shorts are close to the highest levels, there can well start a correction. Few large banks and investment companies believe that the USD uptrend can resume soon, however, the EUUSD correction down may be rather deep.

Dynamics of speculative positions and U.S. dollar


Source: Bloomberg
HSBC says the EUUSD bulls set the reasons for the further euro rally that have already worked out. Yes, the Fed lowered the interest rates more aggressively than the ECB, which sent the Treasury yield to the all-time lows. However, the ECB just couldn’t afford it. The ECB tool-kit is limited, as its interest rates are already close to zero. Yes, the Treasury yield has dropped, but will it go lower? Few believe that the FOMC will introduce negative interest rates. Even if it does, the US bond market rates are likely to have hit the bottom. The surge of the 10-year Treasury yield on August 10-11 has supported the US dollar, sending the gold price down.
The idea of the growth gap between the U.S. and the euro-area looks appealing. However, the number of new COVID-19 cases in the USA starts declining, while it is increasing in some European regions. Furthermore, the US positive domestic data signal that the second coronavirus wave shouldn’t be as harmful to the US economy as the first one. When the forecasts for the US GDP are grim, and the euro-area growth, on the contrary, is expected to accelerate, any mismatches to the forecasts can encourage investors to sell off the EUUSD.
Moreover, the greenback has been seasonally strong in the second half of the year also because of the capital repatriation to the USA. The USD grew on average by 3% in the quarter ahead of the seven previous presidential elections. So, there should be even less confidence that the euro uptrend will soon resume.

Seasonal factor in USD average monthly changes


Source: Bloomberg
I believe such factors as the diversification of the global FX reserves in the favor of the euro and inflow of portfolio investments into the euro-area markets should support the euro uptrend in the future. In the meanwhile, traders should be prepared for the EUUSD middle-term consolidation in the range of 1.158-1.188. The scenario to buy at the support levels of 1.166 and 1.163 is still relevant. However, the euro bulls should be patent and focus on day-trading with narrow targets for a while.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/fundamental-us-dollar-forecast-for-today/ ?uid=285861726&cid=79634
submitted by Maxvelgus to Finance_analytics [link] [comments]

Best Set & Forget Forex Signals 2020  Free Forex Signals 15th June 2020 Live Forex Trading, (Trading News), 25 pips (2%) target a ... Live Forex Trading, 2% target a day, EUR/USD, GBP/USD ... FOREX PIPS BLASTER SIGNALS WEEKLY TARGET 2500 PIPS TO 5000 PIPS TRADE WITH OUR ROBOT BUY TO DAY New Targets For SP500 Longs (ALL TIME HIGHS) - YouTube US Dollar bear signals across the Forex markets - YouTube How to Use ATR or Average True Range Forex Strategy? - YouTube

Target Signals is a service that’s been providing trading alerts since 2011. They promise “accurate trading signals, independently verifid results and much more.” Today we will provide a full review, and let you know if the vendor is living up to their expectations. According to the about us page, the team formed in New York city, made up of big data specialists and mathematicians ... 90% of traders fail. Meanwhile, at Forex Optimal all our students are in the top 10% Forex Optimal is a company of professional Forex traders that provides subscribers with Buy/Sell trading signals, all in Real-Time, assisting Live Signals for Forex, Commodities, Cryptocurrency, Stocks and Indices: 1 daily live trading session (9 - 12 signals per week) 2 daily live trading sessions (18 - 24 signals per week) Personal trading feedback: 3 daily live trading sessions (27 - 36 signals per week) Exclusive long term Forex Signals : JOIN OUR FREE, NO OBLIGATION, 3-DAY TRIAL NOW! JOIN NEXT TRADE. NEXT TRADING SESSION BEGINS ... Target Signals Review. Unlike Forex Live Trade Alerts website which looks disorganized, Target Signals website is actually presentable and inspiring. They offer 10+ signals per day and also proclaim a success rate of 80%. This is obviously a scalping strategy because there is no way a signal vendor will offer so many trade alerts in a day. Also, since they promise 80% success rate, it suggests ... Target Forex Signals 76 followers on LinkedIn The Target Forex Signals This Company specially in Forex Market giving the traders free advisory and Manage private account to the VIP persons Target Bands work on all kinds of forex currency pairs but suits well with shorter timeframe charts like M5 & M15. Target Bands Indicator is quite easy to understand and apply since it uses a very simple technique to demonstrate the trade signals. As a simple indicator, it offers good advantages for the newbie swing traders. Contents hide. Target Bands Indicator Overview . Target Bands ... Have been looking for signal providers and used target forex signals. Put it this way, they have a few good weeks and then carry large losses. I am of a very few ladies that trade in forex, and am smart enough to realise when it is best to run away with your high heels. When signals arrive, if in loss, they would close losing trade and double or triple lots and go the other way. Until they ... Target Bands Metatrader 4 Forex Signals Indicator. The target bands forex MT4 indicator draws dynamic bands on the activity chart. When the trend is up, the target bands will slope up. Likewise, when the trend is down, the target bands will slope down. Every time price touches the bands, the indicator will paint a signal circle on the chart. It’s important to take notice of the prevailing ... But don’t worry, Target Signals was started with the aim of helping traders like you. We will do all the complex analytics for you, so when our trader makes a trade, we instantly send you a notification via Skype with all the important details. We include entry price, stop loss and take profit level, so you can be sure that you can follow exactly what we doing. We want to make it easy for ...

[index] [22020] [3729] [25686] [13477] [27251] [5495] [28537] [1595] [21965] [28634]

Best Set & Forget Forex Signals 2020 Free Forex Signals 15th June 2020

Access the best forex signals out we guarantee ... before dropping back down towards the 1.30 mark to meet its higher time frame target. This is the best forex signal this week as always trade at ... Trading Forex, Live Forex Trading, Live Forex Scalping, Trading Forex News, EUR/USD, GBP/USD, USD/CAD, Gold, Silver, Oil You can copy my trades: details and ... FOREX PIPS BLASTER SIGNALS WEEKLY TARGET 2500 PIPS TO 5000 PIPS TRADE WITH OUR ROBOT BUY TO DAY ... Free Live Forex Signals 24/7 - EURUSD, AUDUSD, GBPUSD, USDCAD, USDJPY XUGUSD XAUUSD H1 Cas Lu ... US Dollar Index posts negative and targets 91.76 weekly support (DXY forecast) DXY major level lies below at 91.06 (DXY forecast) Euro-Dollar posts positive ... 💰 RISK FREE TRADE IDEAS: https://www.fxtradingessentials.com-----📧 Newsl... FOREX TRADING: The Basics Explained in Simple Terms...Click Here https://amzn.to/2HVbuob (Forex, Forex for Beginners, Make Money Online, Currency Trading, Fo... Live Forex Trading, 25 pips (2%) target a day, (COPY MY TRADES), EUR/USD, GBP/USD, USD/CAD - فارکس - Duration: 6:04:45. Ali Shirazi 395 views. 6:04:45. Arya Trader - Live Forex Signals ...

http://arab-binary-option.orinolun.tk