Welcome to the third and final part of this chapter.
Thank you all for the 100s of comments and upvotes - maybe this post will take us above 1,000 for this topic!
Keep any feedback or questions coming in the replies below.
Before you read this note, please start with Part I and then Part II so it hangs together and makes sense.
Part III

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

Squeezes and other risks

We are going to cover three common risks that traders face: events; squeezes, asymmetric bets.

Events

Economic releases can cause large short-term volatility. The most famous is Non Farm Payrolls, which is the most widely watched measure of US employment levels and affects the price of many instruments.On an NFP announcement currencies like EURUSD might jump (or drop) 100 pips no problem.
This is fine and there are trading strategies that one may employ around this but the key thing is to be aware of these releases.You can find economic calendars all over the internet - including on this site - and you need only check if there are any major releases each day or week.
For example, if you are trading off some intraday chart and scalping a few pips here and there it would be highly sensible to go into a known data release flat as it is pure coin-toss and not the reason for your trading. It only takes five minutes each day to plan for the day ahead so do not get caught out by this. Many retail traders get stopped out on such events when price volatility is at its peak.

Squeezes

Short squeezes bring a lot of danger and perhaps some opportunity.
The story of VW and Porsche is the best short squeeze ever. Throughout these articles we've used FX examples wherever possible but in this one instance the concept (which is also highly relevant in FX) is best illustrated with an historical lesson from a different asset class.
A short squeeze is when a participant ends up in a short position they are forced to cover. Especially when the rest of the market knows that this participant can be bullied into stopping out at terrible levels, provided the market can briefly drive the price into their pain zone.

There's a reason for the car, don't worry
Hedge funds had been shorting VW stock. However the amount of VW stock available to buy in the open market was actually quite limited. The local government owned a chunk and Porsche itself had bought and locked away around 30%. Neither of these would sell to the hedge-funds so a good amount of the stock was un-buyable at any price.
If you sell or short a stock you must be prepared to buy it back to go flat at some point.
To cut a long story short, Porsche bought a lot of call options on VW stock. These options gave them the right to purchase VW stock from banks at slightly above market price.
Eventually the banks who had sold these options realised there was no VW stock to go out and buy since the German government wouldn’t sell its allocation and Porsche wouldn’t either. If Porsche called in the options the banks were in trouble.
Porsche called in the options which forced the shorts to buy stock - at whatever price they could get it.
The price squeezed higher as those that were short got massively squeezed and stopped out. For one brief moment in 2008, VW was the world’s most valuable company. Shorts were burned hard.

Incredible event
Porsche apparently made $11.5 billion on the trade. The BBC described Porsche as “a hedge fund with a carmaker attached.”
If this all seems exotic then know that the same thing happens in FX all the time. If everyone in the market is talking about a key level in EURUSD being 1.2050 then you can bet the market will try to push through 1.2050 just to take out any short stops at that level. Whether it then rallies higher or fails and trades back lower is a different matter entirely.
This brings us on to the matter of crowded trades. We will look at positioning in more detail in the next section. Crowded trades are dangerous for PNL. If everyone believes EURUSD is going down and has already sold EURUSD then you run the risk of a short squeeze.
For additional selling to take place you need a very good reason for people to add to their position whereas a move in the other direction could force mass buying to cover their shorts.
A trading mentor when I worked at the investment bank once advised me:
Always think about which move would cause the maximum people the maximum pain. That move is precisely what you should be watching out for at all times.

Asymmetric losses

Also known as picking up pennies in front of a steamroller. This risk has caught out many a retail trader. Sometimes it is referred to as a "negative skew" strategy.
Ideally what you are looking for is asymmetric risk trade set-ups: that is where the downside is clearly defined and smaller than the upside. What you want to avoid is the opposite.
A famous example of this going wrong was the Swiss National Bank de-peg in 2012.
The Swiss National Bank had said they would defend the price of EURCHF so that it did not go below 1.2. Many people believed it could never go below 1.2 due to this. Many retail traders therefore opted for a strategy that some describe as ‘picking up pennies in front of a steam-roller’.
They would would buy EURCHF above the peg level and hope for a tiny rally of several pips before selling them back and keep doing this repeatedly. Often they were highly leveraged at 100:1 so that they could amplify the profit of the tiny 5-10 pip rally.
Then this happened.

Something that changed FX markets forever
The SNB suddenly did the unthinkable. They stopped defending the price. CHF jumped and so EURCHF (the number of CHF per 1 EUR) dropped to new lows very fast. Clearly, this trade had horrific risk : reward asymmetry: you risked 30% to make 0.05%.
Other strategies like naively selling options have the same result. You win a small amount of money each day and then spectacularly blow up at some point down the line.

Market positioning

We have talked about short squeezes. But how do you know what the market position is? And should you care?
Let’s start with the first. You should definitely care.
Let’s imagine the entire market is exceptionally long EURUSD and positioning reaches extreme levels. This makes EURUSD very vulnerable.
To keep the price going higher EURUSD needs to attract fresh buy orders. If everyone is already long and has no room to add, what can incentivise people to keep buying? The news flow might be good. They may believe EURUSD goes higher. But they have already bought and have their maximum position on.
On the flip side, if there’s an unexpected event and EURUSD gaps lower you will have the entire market trying to exit the position at the same time. Like a herd of cows running through a single doorway. Messy.
We are going to look at this in more detail in a later chapter, where we discuss ‘carry’ trades. For now this TRYJPY chart might provide some idea of what a rush to the exits of a crowded position looks like.

A carry trade position clear-out in action
Knowing if the market is currently at extreme levels of long or short can therefore be helpful.
The CFTC makes available a weekly report, which details the overall positions of speculative traders “Non Commercial Traders” in some of the major futures products. This includes futures tied to deliverable FX pairs such as EURUSD as well as products such as gold. The report is called “CFTC Commitments of Traders” ("COT").
This is a great benchmark. It is far more representative of the overall market than the proprietary ones offered by retail brokers as it covers a far larger cross-section of the institutional market.
Generally market participants will not pay a lot of attention to commercial hedgers, which are also detailed in the report. This data is worth tracking but these folks are simply hedging real-world transactions rather than speculating so their activity is far less revealing and far more noisy.
You can find the data online for free and download it directly here.

Raw format is kinda hard to work with

However, many websites will chart this for you free of charge and you may find it more convenient to look at it that way. Just google “CFTC positioning charts”.

But you can easily get visualisations
You can visually spot extreme positioning. It is extremely powerful.
Bear in mind the reports come out Friday afternoon US time and the report is a snapshot up to the prior Tuesday. That means it is a lagged report - by the time it is released it is a few days out of date. For longer term trades where you hold positions for weeks this is of course still pretty helpful information.
As well as the absolute level (is the speculative market net long or short) you can also use this to pick up on changes in positioning.
For example if bad news comes out how much does the net short increase? If good news comes out, the market may remain net short but how much did they buy back?
A lot of traders ask themselves “Does the market have this trade on?” The positioning data is a good method for answering this. It provides a good finger on the pulse of the wider market sentiment and activity.
For example you might say: “There was lots of noise about the good employment numbers in the US. However, there wasn’t actually a lot of position change on the back of it. Maybe everyone who wants to buy already has. What would happen now if bad news came out?”
In general traders will be wary of entering a crowded position because it will be hard to attract additional buyers or sellers and there could be an aggressive exit.
If you want to enter a trade that is showing extreme levels of positioning you must think carefully about this dynamic.

Bet correlation

Retail traders often drastically underestimate how correlated their bets are.
Through bitter experience, I have learned that a mistake in position correlation is the root of some of the most serious problems in trading. If you have eight highly correlated positions, then you are really trading one position that is eight times as large.
Bruce Kovner of hedge fund, Caxton Associates
For example, if you are trading a bunch of pairs against the USD you will end up with a simply huge USD exposure. A single USD-trigger can ruin all your bets. Your ideal scenario — and it isn’t always possible — would be to have a highly diversified portfolio of bets that do not move in tandem.
Look at this chart. Inverted USD index (DXY) is green. AUDUSD is orange. EURUSD is blue.

Chart from TradingView
So the whole thing is just one big USD trade! If you are long AUDUSD, long EURUSD, and short DXY you have three anti USD bets that are all likely to work or fail together.
The more diversified your portfolio of bets are, the more risk you can take on each.
There’s a really good video, explaining the benefits of diversification from Ray Dalio.
A systematic fund with access to an investable universe of 10,000 instruments has more opportunity to make a better risk-adjusted return than a trader who only focuses on three symbols. Diversification really is the closest thing to a free lunch in finance.
But let’s be pragmatic and realistic. Human retail traders don’t have capacity to run even one hundred bets at a time. More realistic would be an average of 2-3 trades on simultaneously. So what can be done?
For example:

You might diversify across time horizons by having a mix of short-term and long-term trades.
You might diversify across asset classes - trading some FX but also crypto and equities.
You might diversify your trade generation approach so you are not relying on the same indicators or drivers on each trade.
You might diversify your exposure to the market regime by having some trades that assume a trend will continue (momentum) and some that assume we will be range-bound (carry).

And so on. Basically you want to scan your portfolio of trades and make sure you are not putting all your eggs in one basket. If some trades underperform others will perform - assuming the bets are not correlated - and that way you can ensure your overall portfolio takes less risk per unit of return.
The key thing is to start thinking about a portfolio of bets and what each new trade offers to your existing portfolio of risk. Will it diversify or amplify a current exposure?

Crap trades, timeouts and monthly limits

One common mistake is to get bored and restless and put on crap trades. This just means trades in which you have low conviction.
It is perfectly fine not to trade. If you feel like you do not understand the market at a particular point, simply choose not to trade.
Flat is a position.
Do not waste your bullets on rubbish trades. Only enter a trade when you have carefully considered it from all angles and feel good about the risk. This will make it far easier to hold onto the trade if it moves against you at any point. You actually believe in it.
Equally, you need to set monthly limits. A standard limit might be a 10% account balance stop per month. At that point you close all your positions immediately and stop trading till next month.

Be strict with yourself and walk away
Let’s assume you started the year with $100k and made 5% in January so enter Feb with $105k balance. Your stop is therefore 10% of $105k or $10.5k . If your account balance dips to $94.5k ($105k-$10.5k) then you stop yourself out and don’t resume trading till March the first.
Having monthly calendar breaks is nice for another reason. Say you made a load of money in January. You don’t want to start February feeling you are up 5% or it is too tempting to avoid trading all month and protect the existing win. Each month and each year should feel like a clean slate and an independent period.
Everyone has trading slumps. It is perfectly normal. It will definitely happen to you at some stage. The trick is to take a break and refocus. Conserve your capital by not trading a lot whilst you are on a losing streak. This period will be much harder for you emotionally and you’ll end up making suboptimal decisions. An enforced break will help you see the bigger picture.
Put in place a process before you start trading and then it’ll be easy to follow and will feel much less emotional. Remember: the market doesn’t care if you win or lose, it is nothing personal.
When your head has cooled and you feel calm you return the next month and begin the task of building back your account balance.

That's a wrap on risk management

Thanks for taking time to read this three-part chapter on risk management. I hope you enjoyed it. Do comment in the replies if you have any questions or feedback.
Remember: the most important part of trading is not making money. It is not losing money. Always start with that principle. I hope these three notes have provided some food for thought on how you might approach risk management and are of practical use to you when trading. Avoiding mistakes is not a sexy tagline but it is an effective and reliable way to improve results.
Next up I will be writing about an exciting topic I think many traders should look at rather differently: news trading. Please follow on here to receive notifications and the broad outline is below.
News Trading Part I

Introduction
Why use the economic calendar
Reading the economic calendar
Knowing what's priced in
Surveys
Interest rates
First order thinking vs second order thinking

News Trading Part II

Preparing for quantitative and qualitative releases
Data surprise index
Using recent events to predict future reactions
Buy the rumour, sell the fact
The mysterious 'position trim' effect
Reversals
Some key FX releases

***

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.

FOREX Strategies

What are FOREX Strategies?
https://preview.redd.it/ihmphstzguv51.jpg?width=960&format=pjpg&auto=webp&s=81f6b73c367d8695605514f8d32aaf3e2aeabc6e
You may have noticed that most of people confuse the terminology and refer to FOREX Strategies in the wrong way. There are methodologies, systems, strategies, and techniques. The most effective methodology is Price Language (Trend Tracking). Combined with a correct reading of mass psychology presented by the charts.
We know that in the Stock Markets there are thousands of strategies. FOREX, like the rest of the markets, presents you with the opportunity to apply similar strategies to win consistently. Taking advantage of repetitive psychological patterns.
First, the Price Language methodology has created great fortunes in FOREX, and the next fortune may be yours. But this methodology must be implemented within a framework of advanced concepts of Markets. Without forgetting the basics. And working hard day by day.
Second, a strategy is a set of parameters and techniques that together give you the advantage to act in any situation. Thus for example in war, generals have attack strategies and counterattack strategies.
FOREX strategies alike are entry strategies and exit strategies. All beginners should know these FOREX strategies for beginners. That way you will get a general idea of the game and understand that trading is a war against the Market and its Specialists. Only applying FOREX strategies revealed by the same Specialists and using their own techniques,
... you can survive in this war.
Do not fall into the trap of the many "systems" and "methods" that are offered on the internet about operating in the FOREX Market. They just don't work in the long run. They are strategies based on indicators for the most part. Using rigid parameters. That if they can work and give profitability during a certain period of time, they will always reach a breaking point when the market changes its dynamics.
Instead, take advantage of your precious time and learn the Language of Price or Price Action.
The Language methodology will allow you to adapt to each new phase of the Market. If you combine this knowledge with the appropriate psychological concepts, you can live comfortably from speculation in FOREX.

Forex Trading Strategies Reddit - Basic FOREX Strategies

You have two basic FOREX strategies, one entry, and one exit. Both follow a general strategy that helps you capitalize on the collective behaviors of the Market. That is, of the total of participating speculators.
This behavior causes the formation of cycles that repeat over and over again. Driven by the basic emotions (uncertainty, greed, and panic) of the speculators involved that can be taken advantage of with the aforementioned FOREX strategies. Specialists identify these emotions in the order flow and capitalize on these events every hour, every day, and every month.
Basic FOREX Strategies - The Price Cycle
These repetitive cycles consist of 4 phases:

Accumulation
Upward trend
Distribution
Downward trend

https://preview.redd.it/6dvk2w0pduv51.png?width=300&format=png&auto=webp&s=a3ab65ca4eab6d20174b3327b862d8b59dcc13b7
The two trends can be easily identified by their notorious breakdown. And the two areas of uncertainty (accumulation and distribution), due to their notorious range trajectories.
This general behavior determines the core of our FOREX strategies.
You buy when the price of a pair has broken and has come out of one of its congestion formations (accumulation or distribution). You implement one of the Forex strategies, in this case, the entry one.
The multi-time technique will help you find the point of least risk when entering your initial buy or sell order. In the same way and using the same strategy but this time to close your position, the multiple timing technique will also show you how to close your operation obtaining the highest possible profit.
The most consistent way to extract profits in the market is by trading the start of trends within a cycle . Once confirmed by their respective breaks from the areas of uncertainty. This is the mother of all FOREX strategies . And in a market that operates 24 hours, we have more frequent cycles and therefore more opportunities.

Forex Trading Strategies Reddit - Advanced Forex Strategies

There are many advanced FOREX strategies that are generally used by professional speculators working for large financial firms.
Among these firms are banks, Investment Fund managers and Hedge Fund managers. The latter is an investment modality similar to Investment Funds, with the difference that Hedge Funds use more complex investment strategies. Its operations are more oriented to aggressive speculations in the short and medium-term.
Among the most common strategies is hedging (hedging), carry trade, automated systems based on quantum mathematics. And a large number of combinations between the different option strategies.

The Carry Trade

The central idea of Carry Trade is to buy a pair in which the base currency has a considerably higher interest rate than the quoted currency. To earn the difference in rates regardless of whether the price of the pair rises or falls.
Suppose we buy a $ 100,000 lot of AUDJPY, which according to the rates on the chart would turn out to be the ideal instrument in this example to use the Forex carry trade strategy.
As our capital is in US dollars we have to assume for our example, the following quotes necessary to perform the place calculations:
AUD / JPY = 80.00 USD / JPY = 85.00
What happens internally in your broker is this.

By placing as collateral $ 1,000 of your $ 50,000 of capital (assumed for this example), deposited in your account, you have access to $ 100,000 virtual (this is what is known as leverage); that is, you put in $ 1,000 and your broker lends you 99,000.
With those $ 100,000 virtual dollars, your broker borrows on your behalf ¥ 8,500,000 Japanese yen (85 × 100,000) at 0.1% annual interest from a Japanese bank.
With those ¥ 8,500,000 Japanese yen, your broker buys A $ 106,250 Australian dollars (8,500,000 / 80) and deposits it in an Australian bank where it receives 4.5% annual interest on your behalf.
One year later (and regardless of the profit or loss generated by the pair's movement), your profit will be the difference between the AUD rate and the JPY rate, that is:

Profit = (AUD rate) - (JPY rate) - (costs of the 2 currency exchanges) Profit = (4.5%) - (0.1%) - (0.1% to 1%)
The great advantage of carry trade FOREX strategies is that this percentage profit is applied to the $ 100,000 of the standard lot; the broker transfers all of the profit to you, even if you only contributed $ 1,000. On the other hand, if you carry out the inverse of this operation, this benefit of the Forex carry trade becomes a cost (swap), and you assume it completely.
Remember that FOREX carry trade strategies are recommended for pairs with considerable interest rate differences, such as the one we have just seen in our example.
These FOREX strategies should also not be used in isolation. The idea is that through technical analysis you identify when would be the ideal time to enter the market using your carry trade Forex strategy and multiply your profits considerably.

What FOREX Strategies Do Hedge Funds Use?

The FOREX strategies used by large fund managers do not constitute an advantage in terms of percentage results for them, nor do they constitute a competitive disadvantage for you.
The vast majority of them fail because of their big egos. In fact, there was a firm made up of great financial geniuses, including 2 winners of the Nobel Prize in Economics, who developed a strategy based on quantum mathematical calculations.
With an initial base capital of about 3 billion dollars, and after 3 successful years obtaining annual returns of over 40%, the firm Long-Term Capital Management, begins its fourth year with losses. To counteract these losses the geniuses decide to multiply the initial capital several times, while the losses continued.
The year closed with the bankruptcy of the fund, and with a total accumulated loss of 1 trillion dollars, due to the great leverage used. And all for not admitting that the FOREX Strategies of Long Term Capital Management were not in line with the dynamics of the Market.
There are an overwhelming number of opportunities in the stock markets to make money interpreting the Language of Price.
You don't need to use complex "advanced" strategies that have been created to handle hundreds or billions of dollars.
The reasons for using these FOREX strategies are very different from what a "retail trader" pursues with his small speculation business.
As you can see, you should not worry about wanting to integrate any of these advanced strategies into your arsenal. They are only beneficial for managing hundreds or billions of dollars, where the return parameters are very different when you handle small amounts of capital.
Do not worry about collecting hundreds of free FOREX strategies that circulate on the internet, that great accumulation of mediocre information will only serve to confuse you and waste your valuable time.
Spend that time learning Price Action,
… And you will always be one step behind the Specialists, identifying each new Market condition, and anticipating the vast majority of reversals of all prices.
Ironically, the most successful fund managers indicate that their most profitable trades are those based on the basic trend-following strategies of the Price Language. The same ones that you will learn in this Free Course.
Dedicate yourself to perfecting them and believe me you won't need anything else. As long as you have good risk management, taking into consideration the following points ...

Styles of Investments in FOREX

The Investment FOREX long term is not recommended for small investors like you and me. If we take into account the term investing literally as large investors do who buy a financial product today to sell it years later.
We both have a better niche in the short and medium-term.
You may have noticed that the big multi-year trends in the Forex Market do exist. But minor swings within a big trend are usually very wide.
These minor movements allow us to easily double and triple the annual return of the big general trend, motivating most traders to speculate in the short and medium-term.
These minor oscillations or trends that occur within the large multi-year trends owe their occurrence mainly to two reasons.
First, the FOREX Market presents 3 sessions a day each in different cities of the world with different time zones (Asia, Europe, and America). This causes more frequent trend changes than in the rest of the stock markets.
Second, the purpose for which it was created also plays a role. The modern Foreign Exchange Market, since its inception in 1972, was conceived by the global financial system as a tool for speculation. To obtain benefits in the short and medium-term (from several days to 1 year).
These two points are basically the reasons why we observe the immense speed with which the FOREX market changes trends.
For example, for those who live in America, in the early morning (Europe) the EURUSD pair may be on the rise, in the morning or afternoon (America) it may be down, and then finally at night (Asia) it may return to the rise.

Define your Own Style for your FOREX Investments

One of the first decisions you will have to make is to choose your style as a trader or investor.
There are 4 types of well-defined styles.
Most professional traders tend to have multiple styles, although they always identify with one primary style for their FOREX investments. Study the characteristics of the 4 main styles to make your investments in FOREX :
1. Long Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per month to their investments in Forex. The period of an open position ranges from 1 year to 5 years.
2. Medium Term: recommended for anyone who is going to enter the market for the first time and who can dedicate a minimum of one hour per week to their investments in Forex. The period of an open position ranges from 1 month to 1 year.
3. Short Term: recommended for anyone who is going to enter the market for the first time, or who already has a certain time operating in the long and medium-term, showing constant profits, and who can dedicate a minimum of one hour per day to your investments in FOREX. The period of an open position ranges from 1 day to 1 month.
4. Intraday : recommended only for people with a fairly solid earnings record in the short term, and with a capital greater than $ 50,000. As we have noted, this option constitutes a full-time job.
People who start investing in FOREX , should start executing short-term (weeks) and medium-term (months) transactions only, and not pay attention to intraday oscillations (day trading).
If you are interested in being an intraday speculator, I recommend that you first exhaust at least a year doing operations in the short and medium-term to assimilate the correct strategies and to develop the necessary mentality to carry out this work.
The second option would be to participate in some kind of intensive training.
I remind you that self-educating is almost impossible in speculation. You are likely to accumulate a lot of knowledge by reading books and attending courses. But you will probably never learn to make money with all the incomplete "systems" circulating on the internet.

Mistakes to Avoid When Looking for Your Style

Many people who are new to FOREX investments make the mistake of combining these styles, which is a key to failure.
I recommend that if you are not getting the results you expected by adopting one of these styles, do not try to change it. The problem sure is not in the style, but in your strategies or in your psychology.
A successful investor is able to make a profit in any longer trading time than he is used to. I explain. If you are already a profitable operator in the short term, it is very likely that you will also be profitable in the medium and long term,
… As long as you can interpret the Language of Price or Price Action.
In the opposite case, the same would not happen. If you were a medium-term trader, you would need time to adjust to the intraday. The reality is that long, medium and short term traders have very similar personalities. The intraday trader is completely different.

The Myth of the Intraday in Investments in FOREX

If you are already successful in the short, medium and long term, you will notice that the sacrifice and the hours necessary in front of the computer to operate intraday is much greater. The intraday style will be useful to increase your account if it is less than USD $ 100,000 in a very short time in exchange for 8 to 12 hours a day of hard work but ...
You must first develop the necessary skills to operate the intraday.
The ideal is to combine all the styles to get more out of the Market and carry out more effective transactions and have a diversification in your investments in FOREX.
There are intraday traders that are very successful, but the reality is that there are very few in the world that make a profit year after year. If you want to become an intraday, you just have to prepare yourself properly through intensive training.
Otherwise, I recommend that you don't even think about educating yourself to adopt the intraday style. It is not necessary to go against a probability of failure greater than 99%. Unless
... your ego is greater than your common sense.
The main reason why this style of investments in FOREX is not recommended for the vast majority of us "retail investors" (the official term "retail traders"), is the high operational cost.
The real commissions in this market range between $ 2.0 and $ 2.50 for each lot of 100,000 virtual units. This means that a complete operation (opening and closing) is approximately $ 5.00, for each standard lot traded ($ 100,000 virtual).
Another fundamental reason is the advent of robotic traders (HFT = High-Frequency Trading), which tend to manipulate the market in the shorter intraday swings. Please do not confuse HFTs with automated systems that we find daily on the internet, and that can be purchased for a few hundred dollars and often for free on FOREX forums / groups.
These HFTs to which I refer, they are effective. They cost millions of dollars and have been developed by the large Wall Street financial firms to manage their investments in FOREX.
The reality of the intraday trader is that you execute orders for large lots at the same time, to profit from the smallest movements in the market. It is an activity based on reflexes. The slightest oversight or distraction can turn into a catastrophe for your FOREX investments.
I recommend that you start investing in FOREX using slow time periods such as H4 or Daily. For some reason, all Goldman Sachs intraday FOREX investments are made with algorithms.

Finally…

To choose your style as a trader and manage your investments in FOREX, first determine what your degree of experience is, analyze the points mentioned below and the rest you will discover when you execute your first operations.
The points that will affect your decision are:

Capital
Time available each day
Level of Experience
Personality

Discovering your style is a search process. For some it will be a long way to find the right time frame that matches their personality. Don't be put off by the falls. After all, those who continue the path despite the falls are the ones who reach the destination.
And I hope you are one of those who get up over and over again. The next lesson will boost your confidence when you discover the main reason that moves currencies ...

Fundamental Analysis in Forex Trading Reddit

The fundamental analysis in Forex is used mostly by long-term investors. Players as we saw in the styles of operators, start a negotiation today, to close it years later.
I always emphasize the importance that the mass media give to this type of analysis to distract the great mass of participants.
It is all part of a great mass psychological manipulation. For centuries the ignorance of the masses has been organized before the great movements begin.
The important news are the macroeconomic reports published by the Central Banks and other government agencies destined for this work. All reports are made up. 99% of them are corrected months later.
These events are tools to justify fundamental analysis and price cleaning movements. Any silly headline does the job. With this, it is possible to absorb most of the existing liquidity, before the new trend phase is projected.

Reaction!

Except in rare situations, the result of an economic report of the fundamental analysis is generally already assimilated in the graph. In most cases, there are financial institutions that already have access to this information and are organizing and carrying out their operations in advance.
The phrase buy the rumor and sell the news is a very old adage on Wall Street. And its meaning contains what we have just explained. For the investor who can interpret the Language of Price, fundamental analysis is of little importance. Well, in general, their disclosure does not indicate that you have to take any action in your open trades , as long as your entry strategy provides you with a good support cushion.
This reality of fundamental analysis causes a lot of confusion for investors who lack in-depth knowledge of the forex market.

Macroeconomic Data

The data published in these events is irrelevant. Both for speculators and for the people in general. They are false. They lack reliability.
The price can go up or down with the same result of the data. The main ones are:
- Interest Rates - GDP (gross domestic product) - CPI (inflation) - ISM (manufacturing index) - NFP (payroll) - Double Deficits (deficit = fiscal + balance of payments)
If you are initiated, I recommend you avoid operating near these events. It is only a matter of having the time pending. Use the economic calendar for Fundamental Analysis of Forex Factory.
There is a probabilistic advantage in operating these fundamental analysis events. But it takes preparation, experience, and practice. They represent a way of diversifying in the general operation of a speculator.

The Uncertainty of Fundamental Analysis

On many occasions after the disclosure of an economic report, the price movement of the currency pair that is going to be affected tends to move in the opposite direction to the logic of the report.
I show you an example of a fundamental analysis report. Imagine that the EUR / USD pair is trading at 1.2500, and the FED (US Federal Reserve) issues a statement announcing that it has just raised inter-bank interest rates from 0.25 points to 0.75 points. Very positive news for the US dollar that logically implies an appreciation of the currency and consequently an instantaneous collapse of the EUR / USD pair (up the dollar and down the euro)
However, minutes after the release of said fundamental analysis report, the pair after effectively collapsing to 1.2400, returns and returns to its levels prior to the report (1.2500). This situation is very common , but it is not so easy to identify it when it is occurring, but after the damage is done.
Traps like these devour the accounts of beginners who approach the market with little experience, with weak strategies, and especially with very little experience.
That is why I reiterate that you forget the fundamental analysis for now. Just keep in mind when operating, that there is no publication scheduled nearby. Just check the economic calendar for the day and forget about the numbers. Let the economists mess around with the data.

FOREX Market Correlation

The Forex market correlation exists between pairs with similar "base" currencies and not always under the same circumstances. The correlation in the Forex market that is most followed and that has the greatest impact on fundamental analysis is that of the US dollar (USD).
The USD is the most traded monetary unit with a volume greater than 80% with respect to the rest of the currencies. This fact determines why their correlation is the most important, the most followed, and perhaps the only one worth following in the fundamental macro analysis.
The 7 major pairs are usually in sync . These 7 pairs all include the USD and present a fundamental analysis correlation almost 75% of the time. Influencing the rest of the currency pairs.

Advantages of the FOREX Market Correlation

In the fundamental analysis the most basic FOREX correlation is the following. When the USD appreciates, the USD / CAD, USD / CHF, and USD / JPY pairs tend to go up in price. This indicates that the Canadian dollar (CAD), the Swiss franc (CHF), and the Japanese yen (JPY) are losing value against the USD.
We must bear in mind that this correlation does not occur 100% of the time. In fact, the JPY generally tends to move in the opposite direction , since in recent decades this currency has been used as a source of financing to invest in other financial instruments.
On the other side is the FOREX market correlation that generates a movement almost in unison in the other 4 major pairs EUR / USD, GBP / USD, AUD / USD, and NZD / USD. These tend to fall in price, homologous the appreciation of the USD. But not always.
In this case the fundamental analysis correlation works most of the time, between 65 and 85% of the time. Small differences are noted in the extent that each of these pairs experiences.
There is also a correlation in the secondary FOREX market, where the pairs of all currencies that do not include the USD participate, but I recommend you not to waste time on them for now. There are more important things about the Language of Price to know first.

FOREX Commodity Correlation

In this part I will explain to you in a basic way the Correlation Commodities - FOREX of the fundamental analysis.
There are three currencies that have a direct correlation with commodities. They are usually called: "COMDOLLS" which is short for "Commodities Dollars" (Commodities Dollars), since all three obey the dollar denomination. These are:
- The New Zealand Dollar (NZD) - The Australian Dollar (AUD) - The Canadian Dollar (CAD)
These three currencies make up the group of the 8 largest together with the euro, the pound, the yen, the franc and the US dollar. Together, they merge to produce the major pairs traded in the FOREX Foreign Exchange Market.
The FOREX Commodity Correlation has an affinity in most cases greater than 75%. And each of them has its different raw material of correlation. You will notice that the NZD and the AUD are two currencies that act practically in unison. Both present minimal discrepancies in their fluctuations in the short, medium and long term.
This is mainly because their economies are very similar and their economic and fiscal policies are too. Their main production items also show great similarities, despite the fact that the Australian economy is much larger than the New Zealand economy.
The raw materials that follow the movement of the AUD are mainly gold and copper. If you put the history of these three quotes during the last decade of the year 2,000 together on the same chart, you will notice a very similar upward movement between the three quotes. Pure correlation of fundamental analysis.
This strong correlation with commodities in the metals area for the AUD has provided Australia with an economic advantage enviable over the other major powers that have seen their currencies devalue sharply against the AUD. At the same time, they experience a constant decrease in the purchasing power of their citizens.
The NZD maintains a correlation with raw materials related to agriculture and livestock, mainly including milk and its derivatives. It is one of the countries that dominates the world export of these economic items, and also has important exports of metals , although in smaller quantities than Australia.
Finally, you have a correlation with raw materials in the energy area. For historical reasons the CAD, which is not the largest oil producer in the world, but an important supplier to the largest consumer that is the US, has seen its currency oscillate in line with oil prices.
To make long-term investments in the Foreign Exchange Market, it is necessary to take into consideration at least one Commodity Correlation - FOREX in your fundamental analysis.

Forex Technical Analysis Reddit

The technical analysis is the methodology that interprets the movements of the price. Specialists look for liquidity to fund their business. The repetition of the strategies used by the specialists in their work generate repetitive patterns.
If you were an analyst, you would develop the visual ability to identify such patterns on a graph. If you were a programmer you would quantify them mathematically using complex formulas.
And if you could learn to interpret the Language of Price, you would have the ability to anticipate 90% of all movements that occur on a chart. And in this business, anticipating is what will make you money.
Market prices are reflected and framed on a horizontal time axis and a vertical price axis. Prices go up or down according to the aggressiveness of the participating operators. In an efficient or balanced market these oscillations should be imperceptible.
But in reality this is not the case, since the Market works thanks to the digital printing of hundreds of billions of units of paper money systematically distributed by the Central Banks through the banking system. These resources serve as a tool to manipulate 100% of the movements that occur in the FOREX Market.
Are you looking for Technical Indicators? All technical indicators were created from the 70's. How do you think that for more than 200 years the speculators of the past accumulated great wealth?
With the Language of Price. The best timing is given by the price itself. Indicator-generated entry signals usually occur at the wrong time.
The basis of technical analysis is human psychology. Unfortunately, human beings are not perfect and are loaded with emotions that dominate their behavior in similar situations, creating repetitive and highly predictable behavior when it occurs in masses.
The study of technical analysis through indicators and subjective training, originates and shapes the collective thinking on which all the traps that specialists execute every day to maintain their business are designed. If the majority won, the Market would cease to exist.
Although you already know that the patterns are not generated by the masses , but the repetitive behavior of the Specialists in the face of the action response of the masses. It is very easy for speculaists, because they can see everyone's orders in their books.
And they also exert a great influence on the decisions of the masses through the mass media. It is what I call the war between the Egg and the Stone , if you hit me you win and if I hit you also you win.

The Deception of Modern Technical Analysis

Through the centuries thousands of people have been able to extract great benefits from the financial markets by applying the basic strategies of technical analysis and the psychology of the Price Language.
More than 200 years ago when the markets began to operate officially, fundamental analysis predominated, which was only used by large financial institutions. As this analysis tool began to become popular, these institutions began to apply the strategies of technical analysis.
In recent decades and with the massification of internet technology, technical analysis has begun to be handled by anyone who has a computer with internet access. The same financial institutions, which have been present for more than a century and as a result of this overcrowding , establish a strategy to confuse and misinform about the true strategies of technical analysis.
This has been accomplished in the following manner. Currently there are hundreds, if not thousands of technical indicators that have been developed by so-called "gurus" of technical analysis and that sell their magic indicators packed in a "system" or "method" that usually cost thousands of dollars, or simply with the publication of a book with which they generate large profits. Double benefit.
The aim is to confuse the initiates in speculation and create the collective mentality that will originate the same behaviors over and over again. About 95% of these new entrants completely lose all the capital they invest in their early stages as investors.
Leaving them with a negative experience and creating the idea and the image that financial markets are an exclusive area for geniuses with high academic levels and that only they can produce returns in the markets year after year.
The initiate, having lost all his original capital, turns to these “gurus” for help and teachings. You spend more capital on the products they offer you and the cycle repeats itself . Obviously, the vast majority do not relapse and completely forget to re-engage in the stock markets.
I hope you have not been a victim of this drama.
Now I will show you the simplicity of a FOREX technical analysis , without the need to resort to any indicator as a tool to determine an effective entry or exit strategy when planning your operations.

The Price Cycle

Previously you studied in the FOREX strategies lesson, that the typical price cycle when it is reflected in a graph, presents four very specific phases and very easy to identify if you perform a technical analysis with common sense . These are:

Accumulation
Bullish trend
Distribution
Bearish trend

Remember also that the most effective way to constantly extract profits in the markets is by taking advantage of phases 2 and 4 (the trends). Combined with a correct reading of the collective behavior of the masses of speculators interpreting the Language of Price.
You will be surprised by the simplicity with which thousands of people around the world and over the centuries have accumulated large sums of money by drawing a few simple lines and applying responsible risk management with their capital.

How to Identify Trends?

Being able to determine the trend phases within the price cycle is the essence of technical analysis since it is these two phases that provide you with the probabilistic advantage you need to operate in the markets and obtain constant returns.
In the most plain and simple language, in the world of technical analysis, there are only two types of formations: trends and ranges.
The trends, in turn, can be bullish if they go up, or bearish if they go down. The ranges, on the other hand, can be accumulation if they are at the beginning of the cycle, or distribution if they are in the high part of the cycle. As I had indicated in the topic of FOREX strategies when describing the price cycle.
This sounds more like a play on words, but I will show you the practical definition to simplify your life and then you will apply these definitions on the graph so that everything makes more sense to you.

Bullish trend: a succession of major highs and major lows
Bearish trend: a succession of minor highs and minor lows
Floor Range: equal highs and varied lows
Ceiling Range: equal minimums and varied maximums

https://preview.redd.it/vvmsshf0guv51.png?width=600&format=png&auto=webp&s=c321679a7dcc03f7184778be86379ef442fddf91
Some key points from the graph:

The start of this big uptrend was detected when the last high (thick green line) of the previous downtrend was broken to the upside, ending the succession of lower highs, while exiting the lateral floor formation.
The succession of major lows in the uptrend (thin blue lines)
The succession of major highs in the uptrend (thin green lines)
The end of the uptrend was detected when the last low (thick blue line) of the uptrend was broken to the downside, ending the succession of higher lows, while exiting the lateral ceiling formation.

A tool that will help you sharpen your technical eye and identify trends on the chart is the Currency Scanner. This application is very effective and will provide you with a much-needed boost in your operations to identify reliable trends. At first, we are not sure how reliable a trend is. You will receive great help to find opportunities with the Currency Scanner .

The Common Sense, The Less Common of Senses

The central idea of technical analysis consists in determining the price situation of a market, that is, in which phase of the pattern of its cycle it is currently conjugated with the collective thinking of the masses and the possible traps that the market would have prepared to remove. the capital at stake by the public.
To carry out a precise technical analysis, you will use the support and resistance lines, which can be static (horizontal) or dynamic (projecting an angle with respect to the horizontal axis).
Your common sense prevails here.
If you show a 10-year-old a chart, they will be able to tell you if the price is going up or down. You will most likely have no idea how to draw the lines, but you will be able to establish the general trend. Simply using your common sense.
By introducing indicators and other gadgets , the simplicity and effectiveness of the technical analysis created by your common sense evaporates.
The following graph conceptually shows you all the possible situations in which you could draw these lines to carry out your technical analysis of the place. You can clearly observe a downtrend delimited by its dynamic trend line and an uptrend on the right side with its respective dynamic delimitation.
https://preview.redd.it/5iehg0r6guv51.png?width=500&format=png&auto=webp&s=84c265a5d35da7ea970792c4bf40fe20b33bd8bd

Forex Charts Analysis

I want to remind you that the formations or patterns that develop on the charts (triangles, wedges, pennants, boxes, etc.) only work to execute trades that have initially been confirmed by the static support and resistance lines and to read the collective thinking of the masses.
Chart formations work, but you must know the Language of Price to determine when the Specialists will exploit a chartist figure, or when they will allow it to run. In fact, you will learn with the Language that you can operate a chart figure in any direction.
Much of the "mentalization" that the masses receive is to believe that the figures are made to be respected. Which is an inefficient way of working. Simply because you could wait days or months for a perfect chart figure to occur in order to perform a reliable trade. When in fact there are dozens every day.

Japanese Candles

Of all the tools you have to carry out technical analysis, perhaps the best known and most popular is the Japanese technique of candles (candlesticks).
Candles are mainly used to identify reversal points on the chart without resorting to confirmation of horizontal trend lines and only using a previous bar or candle breaks.
Its correct use is subject to a multi-time analysis (multiple temporalities) and a general evaluation of the context proposed by the market in general at the time of each scenario.
Later I will show you all the important details to take into account so that you use Japanese candles in a simple and very effective way.
Do not forget ... Trading in your beginnings based on formations (chartism) and candlestick patterns conjugated with hundreds of tools and technical indicators, constitutes the perfect path to your failure. Before using any strategy or technique I recommend you focus on learning the Price Language, which includes 3 basic things:

The Price: structure and dynamics
Market sentiment: relative strength, external shocks, etc.
Psychology: flexible mindset and risk acceptance

After you acquire this solid foundation, I guarantee that you will be able to trade any trading system that exists, any strategy, technique or chart figure in a profitable and consistent manner.
Specialists make money every day at the expense of the collective behavior caused by the use of these strategies and techniques. With which you will only manage to lose your capital and your time by putting the cart in front of the horse.
People who do the opposite, at best become,
... Philosophers of Speculation, or indocile Robot Assistants or Expert Advisors.
To make money in any market condition, range or trend, you must use the technical analysis based on the Price Language and combine it with a correct psychological reading of the price. This knowledge can only be acquired through proper education and lots of supervised practice. Like any other career in life.
I hope you've found this guide helpful!

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:

I'm using the stop entry version - so I wait for the price to trade beyond the confirmation candle(in the direction of my trade) before entering. I don't have any data to support this decision, but I've always preferred this method over retracement-limit entries. Maybe I just like the feeling of a higher winrate even though there can be greater R:R using a limit entry. Variety is the spice of life.
I put my stop loss right at the opposite edge of the confirmation candle. NOT at the edge of the 2-candle pattern that makes up the system. I'll get into this more below - not enough trades are saved to justify the wider stops. (Wider stop means less $ per pip won, assuming you still only risk 1%).
All my profit/loss statistics are based on a 1% risk per trade. Because 1 is real easy to multiply.
There are definitely some questionable trades in here, but I tried to make it as mechanical as possible for evaluation purposes. They do fit the definitions of the system, which is why I included them. You could probably improve the winrate by being more discretionary about your trades by looking at support/resistance or other techniques.
I didn't use MBB much for either entering trades, or as support/resistance indicators. Again, trying to be pretty mechanical here just for data collection purposes. Plus, we all make bad trading decisions now and then, so let's call it even.
As stated in the title, this is for H1 only. These results may very well not play out for other time frames - who knows, it may not even work on H1 starting this Monday. Forex is an unpredictable place.
I collected data to show efficacy of taking profit at three different levels: -61.8%, -100% and -161.8% fib levels described in the system using the passive trade management method(set it and forget it). I'll have more below about moving up stops and taking off portions of a position.

And now for the fun. Results!

Total Trades: 241
Raw Winrates:
- TP at -61.8%: 177 out of 241: 73.44%
- TP at -100%: 156 out of 241: 64.73%
- TP at -161.8%: 121 out of 241: 50.20%
Adjusted Proft % (takes spread into account):
- TP at -61.8%: 5.22%
- TP at -100%: 23.55%
- TP at -161.8%: 29.14%

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):

7pm-4am: Fewer setups, but winrate high.
5am-6am: Lots of setups, but but winrate low.
12pm-3pm Medium number of setups, but winrate low.

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.

Moving SL up to 0% when the price hits -61.8%, TP at -100%
- Winrate: 46.4%
- Adjusted Proft % (takes spread into account): 5.36%
Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100%
- Winrate: 65.97%
- Adjusted Proft % (takes spread into account): -1.01% (yes, a net loss)

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:

Moving SL up to 0% when the price hits -61.8%, TP at -100%
- Winrate(breakeven doesn't count as a win): 46.4%
- Adjusted Proft % (takes spread into account): 17.97%
Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100%
- Winrate(breakeven doesn't count as a win): 65.97%
- Adjusted Proft % (takes spread into account): 11.60%

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.

Total Trades: 75
Raw Winrates:
- TP at -61.8%: 84.00%
- TP at -100%: 73.33%
- TP at -161.8%: 60.00%
- Moving SL up to 0% when the price hits -61.8%, TP at -100%: 53.33%
- Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100%: 53.33% (yes, oddly the exact same winrate. but different trades/profits)
Adjusted Proft % (takes spread into account):
- TP at -61.8%: 18.13%
- TP at -100%: 26.20%
- TP at -161.8%: 34.01%
- Moving SL up to 0% when the price hits -61.8%, TP at -100%: 19.20%
- Taking half position off at -61.8%, moving SL up to 0%, TP remaining half at -100%: 17.29%

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):

"System Details" I described above.
TP at -161.8%
Static SL at opposite side of confirmation candle - I won't move stops up to breakeven.
Trade only 7am-11am and 4pm-11pm signals.
Nothing where spread is more than 25% of trade width.

Looking at the data for these rules, test results are:

Winrate: 58.19%
Adjusted Proft % (takes spread into account): 47.43%

I'll be sure to let everyone know how it goes!

Other Technical Details

ATR is only slightly elevated in this date range from historical levels, so this should fairly closely represent reality even after the COVID volatility leaves the scalpers sad and alone.
The sample size is much too small for anything really meaningful when you slice by hour or pair. I wasn't particularly looking to test a specific pair here - just the system overall as if you were going to trade it on all pairs with a reasonable spread.

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.

I'm on the East Coast in the US, so the timestamps are Eastern time.
Time stamp is from the confirmation candle, not the indecision candle. So 7am would mean the indecision candle was 6:00-6:59 and the confirmation candle is 7:00-7:59 and you'd put in your order at 8:00.
I found a couple AM/PM typos as I was reviewing the data, so let me know if a trade doesn't make sense and I'll correct it.

Insanely detailed spreadsheet notes

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

Pair - duh
Date/Time - Eastern time, confirmation candle as stated above
Win to -61.8%? - whether the trade made it to the -61.8% TP level before it hit the original SL.
Win to -100%? - whether the trade made it to the -100% TP level before it hit the original SL.
Win to -161.8%? - whether the trade made it to the -161.8% TP level before it hit the original SL.
Retracement level between -61.8% and -100% - how deep the price retraced after hitting -61.8%, but before hitting -100%. Be careful to look for the negative signs, it's easy to mix them up. Using the fib% levels defined in ParallaxFX's original thread. A plain hyphen "-" means it did not retrace, but rather went straight through -61.8% to -100%. Positive 100 means it hit the original SL.
Retracement level between -100% and -161.8% - how deep the price retraced after hitting -100%, but before hitting -161.8%. Be careful to look for the negative signs, it's easy to mix them up. Using the fib% levels defined in ParallaxFX's original thread. A plain hyphen "-" means it did not retrace, but rather went straight through -100% to -161.8%. Positive 100 means it hit the original SL.
Trade Width(Pips) - the size of the confirmation candle, and thus the "width" of your trade on which to determine position size, draw fib levels, etc.
Loser saved by 2 candle stop? - for all losing trades, whether or not the 2-candle stop loss would have saved the trade and how far it ended up getting if so. "No" means it didn't save it, N/A means it wasn't a losing trade so it's not relevant.
Spread(ThinkorSwim) - these are typical spreads for these pairs on ToS.
Spread % of Width - How big is the spread compared to the trade width? Not used in any calculations, but interesting nonetheless.
True Risk(Trade Width + Spread) - I set my SL at the opposite side of the confirmation candle knowing that I'm actually exposing myself to slightly more risk because of the spread(stop order = market order when submitted, so you pay the spread). So this tells you how many pips you are actually risking despite the Trade Width. I prefer this over setting the stop inside from the edge of the candle because some pairs have a wide spread that would mess with the system overall. But also many, many of these trades retraced very nearly to the edge of the confirmation candle, before ending up nicely profitable. If you keep your risk per trade at 1%, you're talking a true risk of, at most, 1.25% (in worst-case scenarios with the spread being 25% of the trade width as I am going with above).
Win or Loss in %(1% risk) including spread TP -61.8% - not going to go into huge detail, see the spreadsheet for calculations if you want. But, in a nutshell, if the trade was a win to 61.8%, it returns a positive # based on 61.8% of the trade width, minus the spread. Otherwise, it returns the True Risk as a negative. Both normalized to the 1% risk you started with.
Win or Loss in %(1% risk) including spread TP -100% - same as the last, but 100% of Trade Width.
Win or Loss in %(1% risk) including spread TP -161.8% - same as the last, but 161.8% of Trade Width.
Win or Loss in %(1% risk) including spread TP -100%, and move SL to breakeven at 61.8% - uses the retracement level columns to calculate profit/loss the same as the last few columns, but assuming you moved SL to 0% fib level after price hit -61.8%. Then full TP at 100%.
Win or Loss in %(1% risk) including spread take off half of position at -61.8%, move SL to breakeven, TP 100% - uses the retracement level columns to calculate profit/loss the same as the last few columns, but assuming you took of half the position and moved SL to 0% fib level after price hit -61.8%. Then TP the remaining half at 100%.
Overall Growth(-161.8% TP, 1% Risk) - pretty straightforward. Assuming you risked 1% on each trade, what the overall growth level would be chronologically(spreadsheet is sorted by date).

Pairs

AUD/CAD
AUD/CHF
AUD/JPY
AUD/NZD
AUD/USD
CAD/CHF
CAD/JPY
CHF/JPY
EUAUD
EUCAD
EUCHF
EUGBP
EUJPY
EUNZD
EUUSD
GBP/AUD
GBP/CAD
GBP/CHF
GBP/JPY
GBP/NZD
GBP/USD
NZD/CAD
NZD/CHF
NZD/JPY
NZD/USD
USD/CAD
USD/CHF
USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:

Date range: 6/11-7/3
Winrate: 58.19%
Adjusted Proft % (takes spread into account): 47.43%

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!

86 Trades
- Date range: 7/9-7/30
- Winrate: 52.32%
- Adjusted Proft % (takes spread into account): 20.73%
  - Starting Balance: $5,000
  - Ending Balance: $6,036.51

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.

What is Forex - Terminology

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The FOREX market is the largest financial market in the world. On a daily basis, trillions of dollars are traded in different currencies around the world.
Being FOREX the basis for international capital transactions, its liquidity and volume are much greater than any other financial market. It is estimated that the average volume traded by the world's largest stock exchange, the New York Stock Exchange (NYSE) in a full month, is equal to the volume traded daily in the Forex currency market. In addition, it is estimated that this volume will increase by 25% annually.
80% of transactions are between the US dollar (USD), the euro (EUR), the yen (JPY), the British pound (GBP), the Swiss franc (CHF), and the Australian dollars (AUD) and Canadian (CAD).

What is traded in the Forex market?

We could just say that money. Trading in FOREX simultaneously involves buying one currency (for example euros) and selling another (for example US dollars). These simultaneous purchase and sale operations are carried out through online brokers. Operations are specified in pairs; for example the euro and the dollar (EUR / USD) or the pound sterling and the Yen (GBP / JPY).
These types of transactions can be somewhat confusing at first since nothing is being purchased physically. Basically, each currency is tied to the economy of its respective country and its value is a direct reflection of people's perception of that economy. For example, if there is a perception that the economy in Japan is going to weaken, the Yen is likely to be devalued against other currencies. In other words, people are going to sell Yen and they are going to buy currencies from countries where the economy is or will be better than Japan.
In general, the exchange of one currency for another reflects the condition of the health of the economy of that country with respect to the health of the economy of other countries.
Unlike other financial markets such as the stock market, the currency market does not have a fixed location like the largest exchanges in the world. These types of markets are known as OTC (Over The Counter). Transactions take place independently around the world, mainly over the Internet, and prices can vary from place to place.
Due to its decentralized nature, the foreign exchange market is operated 24 hours a day from Monday to Friday.
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Forex Trading Basics - Basic Forex Terminology

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As with any new skill that is learned, it is also necessary to learn its terminology. There are certain terms that you must know before you start trading Forex. Here are the main ones.

• Major and minor currencies

The 8 most widely used currencies (USD, EUR, JPY, GBP, CHF, CAD, NZD, and AUD) are known as “ major currencies ”. All other currencies are called " minor currencies ." You don't need to worry about minor currencies, as you probably won't start trading them for now. The USD, EUR, JPY, GBP, and CHF currencies are the most popular and most liquid currencies on the market.

• Base currency

The base currency is the first currency in any currency pair. It shows how much the base currency is worth against the second currency. For example, if the USD / CHF has a rate of 1.6350, it means that 1 USD is worth 1.6350 CHF. In the forex market, the US dollar is in many cases the base currency to make quotes, the quotes are expressed in units of $ 1 on the other currency of the pair.
In some other pairs, the base currency is the British pound, the euro, the Australian dollar, or the New Zealand dollar.

• Quoted currency

The quote currency is the second currency in the currency pair. This is often referred to as a "pip-currency" and any unrealized gains or losses are expressed in this currency.

• Pip

A pip is the smallest unit of the price of any currency. Almost all currencies consist of 5 significant digits and most pairs have the decimal point immediately after the first digit. For example EUR / USD = 1.2538, in this case, a pip is the smallest change in the fourth decimal space, which is, 0.0001.
A notable exception is the USD / JPY pair where the pip equals $ 0.01.

• Purchase price (bid)

The buying price (bid) is the price at which the market is ready to buy a specific currency in the Forex market. At this price, one can sell the base currency. The purchase price is displayed on the left side.
For example, in GBP / USD = 1.88112 / 15, the selling price is 1.8812. This means that you can sell a GPB for $ 1.8812.

• Sale Price (ask)

The asking price is the price at which the market is ready to sell a specific currency pair in the Forex market. At this price, you can buy the base currency. The sale price is displayed on the right-hand side.
For example, at EUR / USD = 1.2812 / 15, the selling price here is 1.2815. This means that you can buy one euro for $ 1.2815. The selling price is also called the bid price.

• Spread

All Forex quotes include two prices, the bid (offer) and the ask (demand).
The bid is the price at which the broker is willing to buy the base currency in exchange for the quoted currency. This means that the bid is the price at which you can sell.
The ask is the price at which the broker is willing to sell the base currency in exchange for the quoted currency. This means that the ask is the price at which you will buy. The difference between the bid and the ask is popularly known as the spread and is the consideration that the online broker receives for its services.

• Transaction costs

The transaction cost, which could be said to be the same as the Spread, is calculated as: Transaction Cost = Ask - Bid. It is the number of pips that are paid when opening a position. The final amount also depends on the size of the operation.
It is important to note that depending on the broker and the volatility, the difference between the ask and the bid can increase, making it more expensive to open a trade. This generally happens when there is a lot of volatility and little liquidity, as happens during the announcement of some relevant economic data.

• Cross currency

A cross-currency is any pair where one of the currencies is the US dollar (USD). These pairs show an erratic price behavior when the operator opens two operations in US dollars. For example, opening a long trade to buy EUR / GPB is equivalent to buying EUR / USD and selling GPB / USD. Cross-currency pairs generally carry a higher transaction cost.

• Margin

When you open a new account margin with a Forex broker, you must deposit a minimum amount of money to your broker. This minimum varies depending on each broker and can be as low as € / $ 100 at higher amounts.
Each time a new trade is executed a percentage of your account margin balance will be the initial margin required for a new trade based on the underlying currency pair, current price, and the number of units (or lots) of the trade. .
For example, let's say you open a mini account which gives you a leverage of 1: 200 or a margin of 0.5%. Mini accounts work with mini lots. Suppose a mini lot equals $ 10,000. If you are about to open a mini lot, instead of having to invest $ 10,000, you will only need $ 50 ($ 10,000 x 0.5% = $ 50).

• Leverage

Leverage is the ratio of the capital used in a transaction to the required deposit. It is the ability to control large amounts of dollars with relatively less capital. Leverage varies drastically depending on the broker, it can go from 1: 2 to even 1: 2000. The most common level of leverage in Forex can currently be around 1: 200.

• Margin + leverage = dangerous combination

Trading currencies on margin allows you to increase your buying power. This means that if you have $ 5,000 in account margin that allows you a 1: 100 leverage, you can then buy $ 500,000 in foreign exchange as you only have to invest a percentage of the purchase price. Another way of saying this is that you have $ 500,000 in purchasing power.
With more purchasing power you can greatly increase your potential profits without an outlay of cash. But be careful, working with a high margin increases your profits but also your losses if the trade does not progress in your favor.
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I'm writing this web scraping program that takes the forex retail trading sentiment from IG Markets and displays it in the console. Here's the code I got so far:

import bs4, requests def getIGsentiment(pairUrl): res = requests.get(pairUrl) res.raise_for_status() soup = bs4.BeautifulSoup(res.text, 'html.parser') elems = soup.select('.price-ticket__sentiment') return elems[0].get_text(" ", strip = True) retail_positions = getIGsentiment('https://www.ig.com/us/forex/markets-forex/eur-usd') print ('EUUSD: ' + retail_positions[0:32].rstrip() + '.')) retail_positions = getIGsentiment('https://www.ig.com/us/forex/markets-forex/eur-chf') print ('EUCHF: ' + retail_positions[0:32].rstrip() + '.'))

This code is for 2 pairs, however, I need the output for 26 pairs and I don't want to type the url 26 times.
Is there a way to do this? I was thinking lists or dictionaries but don't know where to start.
BTW, I'm new to programming, I just read Automate the boring stuff up to the web scraping chapter and that's how I wrote this.
Thank you.

EDIT: I got it
pair_list = ['eur-chf', 'eur-aud', 'eur-jpy'] for i in range(len(pair_list)): retail_positions = getIGsentiment('https://www.ig.com/us/forex/markets-forex/' + (pair_list[i])) pair = pair_list[i] print(pair, retail_positions[0:32].rstrip() + '.')

I assume wherever we live, anybody wants to acquire the best service provider. Especially whilst these identical services are related to Finance or different essential regions. However, the Blockchain generation is growing rapidly nowadays. This has brought about the emergence of basically new projects, platforms, bringing ease to the life of which was difficult to assume even 10 years in the past.
The DeFi enterprise is growing. But with each breakthrough comes greater stress on the Ethereum network. Transaction costs have become increasingly more unsustainable, and with every new DeFi application, there are new security risks, auditing necessities, or even higher boundaries to entry for brand new builders.

https://preview.redd.it/ng02i0xdotk51.png?width=1179&format=png&auto=webp&s=aa0a7076b4ce54931273ce599f7ea185b79b768d
In other to avoid the unnecessary stress and burdens, CFD Trading Platform is what we truly need.
What is Contracts for Difference (CFD)?
CFD is a by-product agreement that occurs between a trader and a brokerage organization. CFD holders have the privilege of receiving the distinction among the asset’s present day charge and their predicted rate. If the expected fee is incorrect, the dealer will have to cover the losses.
Contracts for Difference (CFD) provide buyers and financial specialists around the world the opportunity to gain from value improvement without owning a fundamental asset. This is a fairly primary safety that is determined by means of the motion of an asset between trade entries and withdrawals.

https://preview.redd.it/0om3qfveotk51.png?width=1181&format=png&auto=webp&s=bf41ec71879a4ca579526192e9228c4f9492fcba
Benefits of CFD Trading

CFD buying and selling today gives appealing venues that have increased the provision of an splendid tool within the ultimate decade. CFDs additionally offer higher leverage than conventional trading. Standard leverage in CFD advertising and marketing is challenge to law.
CFD speaks of an extra cost-effective, smarter technique to bring into the marketplace and allowing buyers to shop for at a miles discounted fee while permitting even higher returns.

The decentralized marketplace uses specific virtual gear to deliver and display actual-time bid / ask trading costs. Accordingly, consumers, dealers and sellers aren't constantly within the equal place to execute securities.

https://preview.redd.it/e1tjgcggotk51.png?width=689&format=png&auto=webp&s=c8b58d96dfd5cbf34c212f08606dc2aa04950162

CFD holders have the privilege of receiving the difference between the asset’s current rate and their anticipated price. If the predicted charge is incorrect, the trader will cover the losses.
CFDs may be associated with currencies as well as shares, stocks, commodities and crypto currencies. As with the Forex market, leverage may be used to invest beyond your earnings and hypothetically get better payouts for decrease investments.

What trading markets does Defi.Change assist? Defi.Exchange only supports transactions for Forex and Crypto.

https://preview.redd.it/5qwfgxahotk51.jpg?width=2000&format=pjpg&auto=webp&s=4848a524be80b720aeb6c8a1eb1ebb03614e6048
With the Forex market Defi.Trade gives five buying and selling pairs:

NZD / USD CHF / USD CAD / USD RUB / USD THB / USD

With Crypto Trades; Defi.Exchange offers five buying and selling pairs:

BTC / USDT BCH / USDT DASH / USDT XMR / USDT ZEC / USDT

Once created, each exchange accounts has its own strengths, retaining up with the fashion of the Defi.Exchange platform is inevitable. With robust assets and the present day AI era basis, together we are able to achieve all desire; If you've got any questions about Defi.Alternate, do get help below:
Website: https://defi.trade/ WPP: https://drive.google.com/file/d/1_ChG09bl29HTSstIpf_HFOHCeNNf7484/view Telegram channel: https://t.me/defitradeexchange Telegram group: https://t.me/defitradegroup Youtube: https://www.youtube.com/channel/UCKQ1pUh2yzivLazjLAN03yg Twitter: https://twitter.com/defitrade Facebook fanpage: https://www.facebook.com/defitrade/ Medium: https://medium.com/@defitrade

Author: cytpoway121 https://bitcointalk.org/index.php?action=profile;u=2202709

1000pip Climber System Discount Code, Coupon Code is now available. Click the link below to activate the official 1000pip Climber System coupon code now, enjoy!
Here Is 1000pip Climber System Discount Code. Enjoy
I’ve been using the system for a while now. So far, so good for me-I find I am making profits consistently. Losses do happen to me, although in my case, they have been few in number.
I try to keep in mind that no system is 100% foolproof when it comes to trading, but I have won more than lost, so that’s a plus in my book.
One thing I would advise new users about is that you have to be wary of United States news releases. Five out of six currency pairs are based on the US Dollar.
Performance can be affected; I would get a news app for your phone or have the TV running the news in the background if you can.
In case you are curious, the six currency pairs are the following: EUR to USD, AUD to USD, USD to CHF, USD to JPY, USD to CAD, and EUR to JPY.
My bottom line is that it is a great system, very well built, and great for the price I paid. I would certainly recommend this to new Forex traders and veterans alike.
I guess the only improvement I would hope for is that it can be made to work for other trade platforms, not just Metatrader.
Click here to activate the official 1000pip Climber System Coupon Code, Enjoy

Today in the main session forex trading the NZD was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. Today in the main session the NZD was strong, producing some good short term movement. Pairs like the NZD/USD and NZD/CHF moved up and had good movement. However due to the amount of overall market volatility and lack of trend on these pairs, we would treat any NZD strength trades as short term only and exit any short term buys. The overall equity and commodity markets remain volatile. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

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#NZDUSD #NZD/CHF #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex New Zealand Dollar NZD/USD NZD/CHF

Today in the main session forex trading the NZD was weak on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The NZD/USD and NZD/CHF both dropped. The NZD/CHF is not trending, it dropped on the small time frames only, so exit any sells. The NZD/USD is trending down on the D1 time frame, exact support target is not clear on the charts. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

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#NZDCHF #NZDUSD #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex New Zealand Dollar NZD/CHF NZD/USD

Hey everyone,
My name is Allen and I am new to Forex trading. I've messed around with trading stocks a year ago, but never got good enough to profitability yet. Now, I want to learn how to trade Forex and hoping I can become profitable through consistency and persistence.
I recently opened a live account and have made 7 trades: 2 wins, 4 losses. I have been trading small and have followed my stop losses so my losses have been small. I am down net -$35 currently. Here are a few of my trades. If anyone has feedback or sees a pattern in my trading that I can improve on, please let me know. I mainly execute trades off when market taps a resistance/support level or EMA line.
Things that I think I need to improve on: 1) Identifying correct market trend
- Ex) sometimes I have trouble figuring out if market is pulling back on a downtrend or starting to create a higher low and reversing

2) Identifying proper entry signals
- I am still working on interpreting price action. I usually enter trades on 15min chart or 1 hour chart. I may need to stop using 15min chart because I get faked out easily from it. One thing I've been implementing and it has helped my patience is waiting for candles to close before assuming market trend. Such as waiting for 15min candle or 1hour candle to close before entering a trade.

Here are some examples of my trades:
1) NZD/USD (Loss) Entry: short 0.65313 Exit: 0.65394
Reason for entry: I thought the market was going to respect the green trend line. Stop loss was right above the trend line. I saw a wick on 15 min chart and a red engulfing candle following it.

1 hour chart

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2) USD/CHF (Loss) Entry: short 1.00876 Exit: 1.00942
Reason for entry: In the 1 hour chart, it broke it's uptrend structure by creating a lower low. It rejected off the .50 level of Fibonacci Retracement, which signaled me that it is possibly going to continue downtrending. Both, 4hour and 1 hour charts were under the 34EMA (orange trend line).
15 min chart

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3) EUNZD (Win) Entry: short 1.71027 Exit: 1.70674 | 1.70884
Reasons for entry: - Market went under key level (orange horizontal line) - Market was under 34EMA (yellow trend line) - Broke through support (white horizontal line)
15 min chart
Where could I have gotten a better entry on this trade? I was negative for a long time until it finally broke the support. What will signal me if the market will be rejected off a resistance level or break through a resistance level?

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4) NZD/USD (Win) Entry: 0.65426 Exit: 0.65335 | 0.65215 | 0.65188
Reasons for entry:
- downward market trend - market rejected off 34EMA trendline (yellow trend line) - big red engulfing candle
https://preview.redd.it/7u6fidd78h131.png?width=1560&format=png&auto=webp&s=701cf325906e056ec5b71544c5bc4895a0117c02
Lessons I learned from this trade: - Be more patient on my take profit. Took first profits out too quickly because it was dropping so quick and I was scared it would bounce back up
- Find better entry
- Similar to the previous trade, I was in the negative for a while before it worked out. Where would be a proper signal for a short? Long wick followed by a red engulfing candle at resistance level?

Sorry for the long post! Hope you learned something from my mistakes and I would greatly appreciate any feedback you guys can give me! I believe forex trading can become the gateway to financial freedom for me and I want to do my best to make it work. I also live in Orange County, CA and wouldn't mind meeting anyone who is in the area to discuss strategies and learn from each other!
Hope everyone has a great night!

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Today (11-4-2019 Monday) in the main session forex trading the NZD was weak on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The NZD/USD and NZD/CHF moved lower. These movements were on the lower time frames only, with no support from the H4 and larger. We would exit any short term trades based on NZD weakness today as they stall at support or resistance. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

https://preview.redd.it/bqrfrnnnyww31.jpg?width=513&format=pjpg&auto=webp&s=6398bcec720e500734b6c708d58ac051c50b1b4b
https://preview.redd.it/lru48pnnyww31.jpg?width=438&format=pjpg&auto=webp&s=e103388c457ff0aba8e5dd727e42482d8d56c107
Download our FREE mobile app and always know when the forex market is starting new movement cycles across 8 different currencies.
https://www.forexearlywarning.com/blog/2019/07/19/forex-mobile-app/
#NZDUSD #NZD/CHF #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex New Zealand Dollar NZD/USD NZD/CHF

Today in the main session forex trading the GBP was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The GBP/JPY and GBP/CHF moved higher. Both pairs are forming new W1 time frame uptrends. The GBP/USD also moved higher. This pair is also forming a new W1 uptrend. The GBP/USD is at one resistance level, we would scale out lots on any new buys. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com.
https://www.forexearlywarning.com/the-forex-heatmap

https://preview.redd.it/x9yah4ifm1s31.jpg?width=470&format=pjpg&auto=webp&s=19ee1a1e91bfb0b3112c49979e894659cd5c5290
https://preview.redd.it/gnqon2ifm1s31.jpg?width=426&format=pjpg&auto=webp&s=87a2e5a6c7966601fb86f55d4e11337c12159581
Download our FREE mobile app and always know when the forex market is starting new movement cycles across 8 different currencies.
https://www.forexearlywarning.com/blog/2019/07/19/forex-mobile-app/

https://preview.redd.it/80v5fbnhm1s31.jpg?width=450&format=pjpg&auto=webp&s=6fdb3aae80f2858e8b68ab0aded19731838a63ac
#GBPJPY #GBPCHF #forexsignals #forextrading #trading #daytrading #forexalerts #currencytrading #forex British Pound GBP/JPY GBP/CHF

US Stocks

Global stocks are mixed this morning with European stocks dropping on weak German GDP and US stocks little changed
US stocks index futures are little changed this morning, pointing to a flat open in NY with Dow Jones minis +0.02%, S&P500 minis +0.02%, and Nasdaq 100 minis –0.16%
Bloomberg reports that the US will hold off from imposing new tariffs on auto imports, putting a bid into international auto stocks today
Larry Kudlow, the Director of the US National Economic Council for US President Trump, confirms that the US and China have restarted their discussion on trade at “all levels”
US Fed Chairman Jerome Powell is set to give a speech today at the Dallas Federal Reserve – traders are expecting Fed Chair Powell to give some clarity into the trajectory of interest rate increases going forward
The VIX is little changed this morning and is currently at 20.59 after closing at 20.02 yesterday
General Electric (GE) December 21 OTM Calls, USO December 21 & January 2019 OTM Puts, EWZ November 16 OTM Puts and EEM November 16 OTM Calls are the most actively traded options contracts in the US pre-market
US 10-Year Treasury Bonds are higher with yields down -0.37 basis points to 3.136%
The US Treasury 2s-10s Spread has narrowed 0.37 basis points to 0.24%
WTI Crude is currently down -7.07% to USD$55.69/bbl with the Brent-WTI spread up USD$7.86 to USD$9/bbl
Gold is currently little changed -0.18% to USD$1200.06/oz
Global oil prices appear to be dismissing US President Trump’s pushback against Saudi Arabia’s suggestion to cut production by 1 million barrels a day as Reuters reports that OPEC is now considering a cut of 1.4 million barrels

Stocks Trending in the News

Click name for Q-Factor breakdown, latest price details, more financial info and sentiment data.

Amazon (AMZN) will see the first protest in New York City today over its new campus planned for Long Island City in Queens. Some local politicians want guarantees from Amazon that it will do all it can to benefit the citizens of Queens and plan to demand that today. They complain that the area cannot handle 25,000 new people, especially given the state of the subways, saying Amazon is building a helipad while residents are stuck with overcrowded trains. Amazon is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
Apple (AAPL) was downgraded at Guggenheim today to neutral from buy. The note cites supply chain cuts and the lower deliveries of phones it implies. Apple was also had its price target lowered at UBS to USD$225, also citing supply chain concerns. Apple is rated “Attractive” in both our US Large-Cap and US Information Technology Global Top Stock Ideas.
Caterpillar (CAT) was maintained as a buy at Credit Suisse in a note to clients. Caterpillar’s price target was updated to USD$183 as well. Caterpillar saw October machines sales rise 18%, this follows a 21% rise in September. Caterpillar is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Industrials Global Top Stock Ideas.
Bloomindale's, a unit of Macy's (M), is adding high end appliances to its store in New York City. Bloomingdale's is following other retailers in adding appliances to its offerings. The Macy's unit will offer USD$7,000 refrigerators from LG and washing machines that automatically figure out how much soap is needed. Bloomindale's hopes to spark sales by adding the new products. Macy's is rated "Neutral" in both our US Large-Cap and US Consumer Discretionary Global Top Stock Ideas.
Merck (MRK GR) cut its full year adjusted ebitda forecast while raising its net sales guidance. Merck expects full year adjusted ebitda 3.7-3.9 billion euros, down from 3.75-4 billion euros. Merck now expects organic net sales to grow 4-6%, up from 3-5%. Merck said adverse forex effects will lower adjusted ebitda by 8-10%. Merck is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
Tata Motors (TTMT IN) had its outlook cut to negative from stable at Moody’s Investors Service. Tata Motors saw the cut due to weakness expected at its Jaguar Land Rover Automotive Plc over the next 12-18 months. Tata Motors had its rating reaffirmed at Baa2. Tata Motors is not rated in our Global Top Stock Ideas.
Tencent (700 HK, TCEHY) reported 3Q net income that beat the highest estimates. Tencent reported net income of 23.33 billion yuan while 18.39 billion as consensus. Tencent 3Q revenue of 8.6 billion yuan was in line with 80.41 billion yuan expected. Tencent saw 3Q online gaming revenue of 25.8 billion yuan, online advertising revenue of 16.2 billion and smart phone gaming revenue of 19.5 billion yuan. Tencent is rated “Attractive” in our China All-Cap Global Top Picks.
Wirecard (WDI GR) shares are sliding despite raising guidance. Wirecard raised its operating profit forecast and investors have not been impressed. Morgan Stanley noted the increased guidance “a minor positive” given that most estimates were already above that. Wirecard entered the DAX in September. Wirecard is rated “Attractive” in our European Large-Cap Global top Stock Idea.

European Stocks

European stocks are declining to start the morning, though they are bouncing off their early AM lows
The Euro Stoxx 600 is currently down -0.53%, the FTSE 100 is higher by +0.04%, the DAX has fallen -0.46%, and the CAC 40 is lower by -0.52%
GDP for Germany contracted 0.2% Q/Q in 3Q, the first contraction since early CY2015 as the impact of new emissions tests disrupted auto production
UK Prime Minister Theresa May is struggling to convince members of the UK Parliament to support her BREXIT deal
GDP for the Eurozone grew +0.2% Q/Q in 3Q, in-line with market forecasts and at the same pace as 2Q
Italian stocks (and bonds!) are dropping this morning following news that the “populist” Italian government is refusing to budge on their CY2019 budget amidst rising pressure from EU officials
Investor sentiment for European stocks is negative with the advance/decline ratio for the Euro Stoxx 600 currently at 0.71x
Oil & Gas (-1.31%), Telecommunications (+0.37%), and Basic Resources (-2.45%) stocks are the top performers in the Euro Stoxx 600 today
Automobiles & Parts (+1.14%), Food & Beverage (-0.24%), and Utilities (+0.7%) stocks are the worst performers in the Euro Stoxx 600 today
56 stocks in the Euro Stoxx 600 are at 4-week highs while 53 stocks are at 4-week lows
16 stocks in the Euro Stoxx 600 are overbought while 27 stocks are oversold according to the 16-day RSI Measure
VSTOXX, the European stocks equivalent of the VIX, is little changed this morning and is currently at 17.81 after closing at 17.03 yesterday
EUR€ is currently down -0.186% against the USD$ to 1.1269
GBP£ is currently down -0.408% against the USD$ to 1.2924
CHF is currently down -0.282% against the USD$ to 0.9902
German 10-Year Bunds are higher with yields down -1.8 basis points to 0.391%
UK 10-Year GILTs are higher with yields down -4.6 basis points to 1.475%

Asian Stocks

Asia stocks traded in a tight range, closing in the red as investors awaited Tencent (SEHK:700, ADR: TCEHY) earnings after the market close in Hong Kong
The Nikkei 225 finished up +0.16%, the Hang Seng ended down -0.54%, the Hang Seng China Enterprise declined -0.7%, and the CSI 300 was -1%
Japanese GDP contracted 1.2% in 3Q, worse than the 1% contraction expected by market forecasters as the impact of the September earthquake in Hokkaido was a drag on productivity this quarter – GDP is expected to rebound in 4Q
Volume in Hong Kong was weaker than normal with total turnover little more than 40% below the rolling 20-day average for volume traded on the Hong Kong Stock Exchange
China retail sales grew +8.6% in October 2018, a deceleration from the +9.2% pace in September 2018 and below market expectations for +9.2%
Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 1.59x
4 stocks in the Nikkei 225 hit 4-week highs while 35 stocks reached 4-week lows
3 stocks in the Nikkei 225 closed overbought while 13 stocks closed oversold according to the 16-day RSI Measure
Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.72x
2 stocks in the Hang Seng hit 4-week highs while 4 stocks reached 4-week lows
0 stocks in the Hang Seng closed overbought while 1 stocks closed oversold according to the 16-day RSI Measure
Japan 2-Year Government Bonds are higher with yields down -0.1 basis points to -0.139%
Japan 10-Year Government Bonds are higher with yields down -0.3 basis points to 0.111%
JGBs 2s-10s Spread has narrowed 0.2 basis points to 0.25%
JPY¥ is currently little changed against the USD$ at 113.9

There are many popular currency pairs and there is a difference in outlook in all the major currency pairs and the list is always not definite. The list of 6 major currency pairs which will be presented is not best to worst but randomly selecting 6 major currency pairs

1) EUUSD:

Our first pick is EUUSD as it is one of the highest traded forex pairs around the globe. The euro, in this case, is base currency while the us dollar is the quote currency meaning that how many dollars you will need in order to purchase one euro. This currency pair is less volatile than other pairs as both of these currencies are backed by world’s two greatest economies.

2) GBP/USD:

In this currency pair, the GBP is used as base currency and USD as a quote currency showing how many US dollars you will be needing to purchase one pound. This currency pair is also known as ‘cable’ as they used deep-sea cables in order to transfer price info between New York and London.

3) USD/JPY:

In this case, the difference between the two currencies is very large but still this is a very major currency pair because of the low-interest rate policies of the bank of japan. In this currency pair the USD is used as base currency and JPY as a quote currency showing how many Japanese Yen you will be needing to purchase one US Dollar.

4) USD/CHF:

Just like yen, the Swiss franc is popular for its safe-haven investment that’s is why the Swiss Franc currency is popular among traders as it has lower amount of risk. In this currency pair the USD is used as base currency and CHF as a quote currency showing how many Swiss franc currency you will be needing to purchase one US Dollar.

5) AUD/USD:

In this currency pair, the USD is used as base currency and AUD as a quote currency showing how many Australian Dollars you will be needing to purchase one US Dollar. If you want to start trading between this pair you have to keep updated on the commodities as it tends to affect the overall currency fluctuation in Australian dollars.

6) USD/CAD:

In this currency pair, the USD is used as base currency and CAD as a quote currency showing how many Canadian Dollars you will be needing to purchase one US Dollar. The value of Canadian dollars depends on the price of oil as Canada’s main export is Oil. So when trading keeping price of oil in mind can drastically change the overall result.
Want know more please visit our Website : Signal Skyline

US Markets End of Day Snapshot

US stocks close lower, paring earlier losses as news of progress on Brexit helped markets late day
Oil closed higher for the first time in 13 sessions, WTI broke its longest losing streak ever
Federal Reserve Chairman Jerome Powell will speak tonight at an event being hosted by the Dallas Fed discussing national and global economic issues
The S&P 500 finished down 0.76%, Nasdaq Composite is down 0.9%, and Russell 2000 is down 0.81%
The S&P500 closed lower for the fifth straight day and is at its lowest level in 2 weeks
Telecom (+0.46%), Real Estate (+0.04%), and Energy (-0.11%) stocks were the top performers in the S&P 500 today
Utilities (-1.13%), Tech (-1.29%), and Financials (-1.38%) stocks were the worst performers in the S&P 500 today
Investor sentiment for US stocks finished negative with the advance/decline ratio for the S&P 500 closing at 0.5x
44 stocks in the S&P 500 hit 4-week highs while 28 stocks reached 4-week lows
14 stocks in the S&P 500 closed overbought while 24 stocks closed oversold according to the 16-day RSI Measure
49 stocks in the Nasdaq Composite hit 4-week highs while 202 stocks reached 4-week lows
124 stocks in the Nasdaq Composite closed overbought while 339 stocks closed oversold according to the 16-day RSI Measure
The VIX closed down -20.02 points today to 0 after closing at 20.02 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

Adyen (AYDNA DC) shares are falling today after notable index compiler MSCI refrained from adding Adyen to its MSCI Europe Index benchmark. According to an analyst from Bryan Garnier, who maintains a ‘Sell’ recommendation for Adyen with a price target of 490 euros, some investors were surprised by the news. Adyen is rated “Unattractive” in our European Large-Cap Global Top Stock Ideas.
Amazon (AMZN) will see the first protest in New York City today over its new campus planned for Long Island City in Queens. Some local politicians want guarantees from Amazon that it will do all it can to benefit the citizens of Queens and plan to demand that today. They complain that the area cannot handle 25,000 new people, especially given the state of the subways, saying Amazon is building a helipad while residents are stuck with overcrowded trains. Amazon is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Top Buy” in our US Consumer Discretionary Global Top Stock Ideas.
Apple (AAPL) was downgraded at Guggenheim today to neutral from buy. The note cites supply chain cuts and the lower deliveries of phones it implies. Apple was also had its price target lowered at UBS to USD$225, also citing supply chain concerns. Apple is rated “Attractive” in both our US Large-Cap and US Information Technology Global Top Stock Ideas.
AT&T (T) reiterated guidance for 2018 today. AT&T expects full year EPS in the range of USD$3.50. AT&T expects full year revenue of USD$21 billion range. AT&T said the first full quarter with WarnerMedia integrated saw it accretive to earnings by USD$0.05 and AT&T reiterated its expectation of USD$2.5 billion in run-rate synergies by 2021. AT&T is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
Canada Goose (TSX: GOOS) shares are soaring after the winter clothing manufacturer reported earnings that topped analysts’ estimates for the seventh straight quarter. Canada Goose generated FY2Q2018 adjusted EPS of CAD$0.46/share while analysts’ consensus called for CAD$0.26/share. Canada Goose’s profitability also surpassed analyst expectations, reporting FY2Q2018 gross margin of 55.8% while analysts expected 52.8%. Canada Goose is not rated in our Global Top Stock Ideas.
Caterpillar (CAT) was maintained as a buy at Credit Suisse in a note to clients. Caterpillar’s price target was updated to USD$183 as well. Caterpillar saw October machines sales rise 18%, this follows a 21% rise in September. Caterpillar is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Industrials Global Top Stock Ideas.
Facebook’s (FB) turbulent year is bleeding into employee morale with several key measures of internal sentiment taking a turn for the worse this year. Amid a falling stock price, troubled leadership, and harsh media coverage, only about 50% of Facebook’s 23,000 employees said they were optimistic about Facebook’s future, down from 82% the year before. Meanwhile, 53% of employees believe that Facebook is making the world better, down from 72% in 2017. Facebook is rated “Neutral” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Information Technology Global Top Stock Ideas.
Iliad SA (ENXTPA: ILD) shares are trading higher following FY3Q2018 financials that contained shreds of optimism after the company’s stock has lost half of its value so far in 2018. Specifically, investors were pleased to see strong performance in the company’s Italian unit. Raymond James analyst Stephane Beyazian, who maintains a ‘Strong Buy’ recommendation for Iliad, wrote in a note that FY3Q2018 contained the first signs of recovery for Iliad. Raymond James is rated “Unattractive’ in our European SMID-Cap Global Top Stock Ideas.
Bloomindale's, a unit of Macy's (M), is adding high end appliances to its store in New York City. Bloomingdale's is following other retailers in adding appliances to its offerings. The Macy's unit will offer USD$7,000 refrigerators from LG and washing machines that automatically figure out how much soap is needed. Bloomindale's hopes to spark sales by adding the new products. Macy's is rated "Neutral" in both our US Large-Cap and US Consumer Discretionary Global Top Stock Ideas.
L Brands’ (LB) Victoria’s Secret lost its head of lingerie, according to a report in Bloomberg today. Jan Singer ran the lingerie division at Victoria’s Secret, a unit with USD$4 billion is annual sales. Victoria’s Secret has been criticized for not adapting to shifting tastes in lingerie. L Brands had no comment on the matter, Ms. Singer has been with the company for 2 years. L Brands is rated “Unattractive” in both our US Large-Cap and US Consumer Discretionary Global Top Stock Ideas.
Merck (MRK GR) cut its full year adjusted ebitda forecast while raising its net sales guidance. Merck expects full year adjusted ebitda 3.7-3.9 billion euros, down from 3.75-4 billion euros. Merck now expects organic net sales to grow 4-6%, up from 3-5%. Merck said adverse forex effects will lower adjusted ebitda by 8-10%. Merck is rated “Unattractive” in our US Large-Cap Global Top Stock Ideas.
Mediaset (BIT: MS) shares are trading higher after reported FY3Q2018 financials the pleased investors. Mediaset reported an EBIT loss of 9.1mm euros in FY3Q2018, an improvement from their 42.2mm euros EBIT loss a year prior. Mediaset’s failure to retain football broadcasting rights, however, caused advertising revenues in October fell 1% y/y. Mediaset is rated “Neutral” in our European SMID-Cap Global Top Stock Ideas.
PG&E Corporation (PGC) shares are spiraling downward, falling over 25%, as investors are fearing the possibility that the company’s equipment started the wildfire(s) raging through California. PG&E also announced that it has exhausted all of its revolving credit lines, speaking further to the company’s financial stress. “The risk of bankruptcy is very real for these guys,” says Bloomberg Intelligence analyst Jaimin Patel. PG&E is rated “Attractive’ in our US Large-Cap Global Top Stock Ideas.
Snap (SNAP) shares fell amid confirmation from the company that the Department of Justice and Securities and Exchange Commission is investigating its IPO. Both are looking into allegation that Snap misled investors leading up to its IPO. Snap said it believes this relates to disclosures it made in relation to competition from Instagram, now part of Facebook (FB). Reports are that Snap was not clear about how much Instagram was hurting its business. Snap is rated “Unattractive” in both our US Large-Cap and US Information Technology Global Top Stock Ideas.
Superior Industries (SUP) was upgraded today to buy from neutral at Buckingham. Superior Industries’ price target was lowered to USD$12 from USD$19, however. Superior Industries’ high leverage ratio was cited as a concern by Buckingham, which also said 3Q results were right in line and that recent weakness in the stock “was overdone”. Superior Industries is rated “Top Buy” in both our US SMID-Cap and US Consumer Discretionary Global Top Stock Ideas.
Tata Motors (TTMT IN) had its outlook cut to negative from stable at Moody’s Investors Service. Tata Motors saw the cut due to weakness expected at its Jaguar Land Rover Automotive Plc over the next 12-18 months. Tata Motors had its rating reaffirmed at Baa2. Tata Motors is not rated in our Global Top Stock Ideas.
Tencent (700 HK, TCEHY) reported 3Q net income that beat the highest estimates. Tencent reported net income of 23.33 billion yuan while 18.39 billion as consensus. Tencent 3Q revenue of 8.6 billion yuan was in line with 80.41 billion yuan expected. Tencent saw 3Q online gaming revenue of 25.8 billion yuan, online advertising revenue of 16.2 billion and smart phone gaming revenue of 19.5 billion yuan. Tencent is rated “Attractive” in our China All-Cap Global Top Picks.
Wirecard (WDI GR) shares are sliding despite raising guidance. Wirecard raised its operating profit forecast and investors have not been impressed. Morgan Stanley noted the increased guidance “a minor positive” given that most estimates were already above that. Wirecard entered the DAX in September. Wirecard is rated “Attractive” in our European Large-Cap Global top Stock Idea.

US Treasuries

US 2-Year Treasury Notes are higher with yields down -2.48 basis points to 2.86%
US 5-Year Treasury Bonds are higher with yields down -2.73 basis points to 2.95%
US 10-Year Treasury Bonds are higher with yields down -1.47 basis points to 3.12%
The US Treasury 2s-5s Spread has narrowed 0.25 basis points to 0.09%
The US Treasury 2s-10s Spread has widened 1.01 basis points to 0.26%
US Treasury 5s-10s Spread has widened 1.26 basis points to 0.17%

Currencies

EUR€ is up 0.213% against the USD$ in after hours to 1.1314
GBP£ is little changed 0.139% against the USD$ in after hours to 1.2995
CHF is little changed 0.131% against the USD$ in after hours to 0.9943
JPY¥ is down 0.193% against the USD$ in after hours to 113.59

Commodities

WTI Crude is up 1.01% to USD$56.25/bbl with the Brent-WTI spread little changed USD$0.11 to USD$8.65/bbl
Gold is up 0.71% to USD$1210.79/

Before knowing about profit first you should know what forex means. It is a currency exchange marketing forex is a virtual platform for profit-making it is a world market whole world can trade in this market. if you want to make money in forex you should go on because this platform is the most successful platform for money making.
Now how to get profit in forex, you can buy or sell currency the forex market runs 24 hours a day generally it is closed on Saturday and Sundays and first, you should determine whether you want to buy or sell if you want to buy which means you should buy the base currency and sell the quote currency. You want the base currency to fall in value then you would buy it back at the lower price
Traded in forex the simple answer is making ‘money’ because you are not buying anything physical think buying a currency of other countries same as buying the share like stock exchange.you can trade in many currencies but as a newcomer, you mainly focus on “major currency” CAD(Canadian dollar) USD(United States dollar) GBP(Great Britain pound) EUR(European euro) JPY(Japanese yen) AUD(Australian dollar) CHF(Swiss franc) NZD(New Zealand dollar) the currency included in upper lines are the major currency because it is the all-time first choice of the traders
Because forex is so good at profit-making numbers of different ways to invest and trade in it and there many benefits and advantages of forex trading and how no. of people from all over the world trading in forex some advantages of forex is, no commission, fixed lot size, low transaction cost, a 24 hour market, no one can corner the market, leverage, high liquidity, low barriers to entry, free stuff everywhere, etc
Effect of Leverage in forex? Leverage is mostly used in forex trading market leverage allowed the traders to use the purchase multiple time in multiple statements leverage in many investments included by the forex market applies both profit and loss thus the forex market can get the traders to bring gain in their investments to higher level
And now you should know everything about what is forex why is forex trading is profitable and how you make up with forex trading market and now you see when you can trade on it in before line I say that forex market is open in 24 hours a day but fact is that it doesn’t mean it always active the entire day if you want to make money you should focus on when market moves up and also you can make money when market is moved down this will take your time but it will gain you more profit.
If you want to make money in forex you should go on with guidance which was provided if you are interested in trading in forex and to make more money to get the gaining profit
For, more details you can visit Forex Trading Strategies that work

USD/CHF Daily Price Forecast - 30th Sept 2020 Free Forex ...

Former investment bank FX trader: Risk management part 3/3

Squeezes and other risks

Events

Squeezes

Asymmetric losses

Market positioning

Bet correlation

Crap trades, timeouts and monthly limits

That's a wrap on risk management

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FOREX Strategies

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Define your Own Style for your FOREX Investments

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Finally…

Fundamental Analysis in Forex Trading Reddit

Reaction!

Macroeconomic Data

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Forex Charts Analysis

Japanese Candles

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Background

System Details

And now for the fun. Results!

A Note on Spread

Time of Day

Moving stops up to breakeven

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Correlated Trades

What I will trade

Other Technical Details

Raw Data

Insanely detailed spreadsheet notes

Pairs

TL;DR

Demo Trading Results

Live Trading Results

Forex Trading Basics Reddit - Forex Glossary Terms For Beginners

What is Forex - Terminology

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Forex Trading Basics - Basic Forex Terminology

• Major and minor currencies

• Base currency

• Quoted currency

• Pip

• Purchase price (bid)

• Sale Price (ask)

• Spread

• Transaction costs

• Cross currency

• Margin

• Leverage

• Margin + leverage = dangerous combination

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1000pip Climber System Discount Code, Official Coupon Code

TODAY’S NZD STRENGTH AND LIVE FOREX TRADING SIGNALS

TODAY’S NZD WEAKNESS AND LIVE FOREX TRADING SIGNALS

Teach me please :)

Forex Signals

TODAY’S NZD WEAKNESS AND LIVE FOREX TRADING SIGNALS

TODAY’S GBP STRENGTH AND LIVE FOREX TRADING SIGNALS

Your AM Global Stocks Preview and a whole lot more news that you need to read: Global stocks are dropping following economic contraction in two of the world’s largest economies

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