Get started

Forexeducation

GBPAUD - Bullish/Buy prices you should be aware of!Dear traders, Here is your GBPAUD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the AUD stands at “1”, meaning that the GBP is stronger than the AUD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.8076 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.7958 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.8917 Our Stop Loss is placed at 1.7806 This is a 600 PIPS trade - Risk Reward 1:6 Chart Timeframe; D1 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
GBPNZD Forecast - is Bullish/Buy!Dear traders, Here is your GBPNZD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the NZD stands at “0”, meaning that the GBP is stronger than the NZD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.9551 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.9494 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.9964 Our Stop Loss is placed at 1.9452 This is a 450 PIPS trade - Risk Reward 1:10 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
EURJPY Forecast - is Bullish/Buy!Dear traders, Here is your EURJPY Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “5”, and the JPY stands at “1”, meaning that the EUR is stronger than the JPY, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 133.05 (with a 1% risk position size) Our 2nd BUY Limit is placed at 133.88 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 134.24 Our Stop Loss is placed at 132.66 This is a 120 PIPS trade - Risk Reward 1:6 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
1
USDCAD Forecast - is Bullish/Buy!Dear traders, Here is your USDCAD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “3”, and the USD stands at “4”, meaning that the USD is stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.2174 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.2157 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.2245 Our Stop Loss is placed at 1.2125 This is a 80 PIPS trade - Risk Reward 1:2.6 (THIS TRADE CAN BE HELD TO MONTHLY HIGHS) Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
1
GBPCAD Forecast - is Bullish/Buy!Dear traders, Here is your GBPCAD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “6”, and the CAD stands at “5”, meaning that the GBP is stronger than the CAD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.7128 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.7099 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.7237 Our Stop Loss is placed at 1.7067 This is a 150 PIPS trade - Risk Reward 1:4 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
EURGBP Forecast - is Bearish/Sell (Euro shall Sink)Dear traders, Here is your EURGBP Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “4”, and the GBP stands at “6”, meaning that the GBP is stronger than the EUR, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at 0.8597 (with a 1% risk position size) Our 2nd SELL Limit is placed at 0.8614 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 0.8529 Our Stop Loss is placed at 0.8636 This is a 85 PIPS trade - Risk Reward 1:3.8 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
AUDNZD Forecast - is Bullish/Buy (Aussie shall Rise)Dear traders, Here is your AUDNZD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the AUD stands at “2”, and the NZD stands at “1”, meaning that the AUD is stronger than the NZD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.0728 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.0704 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.0923 Our Stop Loss is placed at 1.0664 This is a 200 PIPS trade - Risk Reward 1:5 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
7
GBPCHF Forecast - is Bearish/Sell (Sterling shall Sink)Dear traders, Here is your GBPCHF Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “6”, and the CHF stands at “7”, meaning that the CHF is stronger than the GBP, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at 1.2678 (with a 1% risk position size) Our 2nd SELL Limit is placed at 1.2697 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.2554 Our Stop Loss is placed at 1.2720 This is a 130 PIPS trade - Risk Reward 1:6 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
NZDUSD Forecast - is Bearish/Sell! (Kiwi shall Sink)Dear traders, Here is your NZDUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the NZD stands at “2”, and the USD stands at “3”, meaning that the USD is stronger than the NZD, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at 0.7213 (with a 1% risk position size) Our 2nd SELL Limit is placed at 0.7226 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 0.7123 Our Stop Loss is placed at 0.7244 This is a 100 PIPS trade - Risk Reward 1:5 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
AUDNZD Forecast Update - Nothing Changes: Short/Sell!Dear traders, Here is your AUDNZD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the AUD stands at “1”, and the NZD stands at “3”, meaning that the NZD is stronger than the AUD, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Liimit is placed at 1.0728 (with a 1% risk position size) Our 2nd SELL Liimit is placed at 1.0762 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.0488 Our Stop Loss is placed at 1.0803 This is a 200 PIPS trade - Risk Reward 1:5 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
2
EURUSD Forecast - is Bullish/Buy!Dear traders, Here is your EURUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “4”, and the USD stands at “2”, meaning that the EUR is stronger than the USD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.2140 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.2102 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.2322 Our Stop Loss is placed at 1.2058 This is a 200 PIPS trade - Risk Reward 1:5 Chart Timeframe; H8 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
2
GBPJPY Forecast - is very Bullish/Buy!Dear traders, Here is your GBPJPY Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “6”, and the JPY stands at “0”, meaning that the GBP is stronger than the JPY, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 154.60 (with a 1% risk position size) Our 2nd BUY Limit is placed at 154.25 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 157.28 Our Stop Loss is placed at 153.81 This is a 250 PIPS trade - Risk Reward 1:6 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
GBPUSD Forecast - is Bullish/Buy!Dear traders, Here is your GBPUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “6”, and the USD stands at “2”, meaning that the GBP is stronger than the USD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Liimit is placed at 1.4151 (with a 1% risk position size) Our 2nd BUY Liimit is placed at 1.4125 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.1860 Our Stop Loss is placed at 1.2202 This is a 180 PIPS trade - Risk Reward 1:5 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
EURAUD Forecast - is Bullish/Buy!Dear traders, Here is your EURAUD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “4”, and the AUD stands at “1”, meaning that the EUR is stronger than the AUD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.5800 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.5773 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.5923 Our Stop Loss is placed at 1.5733 This is a 150 PIPS trade - Risk Reward 1:3 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
AUDUSD Forecast - is Bearish/Sell!Dear traders, Here is your AUDUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the USD stands at “2”, and the AUD stands at “1”, meaning that the USD is stronger than the AUD, thus only looking for Bearish /Sell opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st Sell Liimit is placed at 0.7729 (with a 1% risk position size) Our 2nd Sell Liimit is placed at 0.7741 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 0.7629 Our Stop Loss is placed at 0.7785 This is a 100 PIPS trade - Risk Reward 1:2.5 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz
Probability & Trading Trading is a probability game. Every successful trader knows that any trade he executes may bring either profit or loss. In order to assess a statistical advantage of a trading strategy, it is necessary to execute a large number of trades. That is why, it takes a lot of time to understand how efficient your trading is. There will be loss-making trades and you cannot avoid it. However, it is within our power to restrict a negative influence of each loss-making trade on your trading capital. ESSENCE OF PROFITABILITY IN TRADING. Many traders have a general understanding of the probability concept in trading, however, all too often they do not quite understand its essence or do not use it in trading to the full extent. Analysis of probabilities, conducted by such traders, is reduced to analysis of statistics of profitable and loss-making trades for a certain period of time. Quite often this is all they do. Traders do not bother about a thorough study of numbers, which they find in the result of testing trading strategies. However, in order to achieve success in a long-term perspective, it is necessary to understand some basic concepts. Below are two basic ideas, which relate to probabilities in trading: Historical values of the risk-reward ratio cannot be the final measure of future probabilities. These are just forecasted indicators of future probabilities; Even if you have an understanding of what the risk-reward ratio of a specific trading setup would be, you are not one hundred percent sure that the next trade would make profit or loss. The idea of probabilities in trading might confuse you a bit, if you treat it without proper attention. It assumes that your trading strategy was characterized by a certain percentage of profitable and loss-making trades for a selected period of time. However, there are no guarantees that this strategy would be that much efficient in future. You should understand that the market constantly changes and sometimes very rapidly. In any case, the future indicators of efficiency of your trading strategy would differ from the historical values. NOTHING IS KNOWN BEFOREHAND. You should ask yourself, whether historical market data, used earlier for the market forecasting, could be useful for analyzing the current market situation. For example, imagine that you have analyzed efficiency of your trading strategy on the historical data for several years. The market has been in a trend during this period. But what if the market has changed and moved to the consolidation stage? Do you think it makes sense to rely on the past statistics in this case? Can it provide a clear understanding of the future price movement? Probably not. It is also necessary to take into account the fact that you cannot guarantee a hundred percent favourable outcome of the trade. A convincing risk-reward ratio may take-off your guard when executing a new trade, which could result in negative consequences for your trading capital. You do not know for sure what chances for success your next trade has, even if you have a general understanding about what, most probably, would happen in the market. Let’s consider the following situation by way of example. The trading system showed the 1.5 relation of profitable trades to loss-making ones (that is, 60% of the trades were profitable) in a series of 250 trades. However, note that, out of the total number of trades, 100 trades were closed with a loss. It means that, in principle, there could be a situation, when you can have a big series of losses. It is an unpleasant situation, but it really could happen. Namely that is why it is very important to clearly identify risk parameters for each setup, which you trade, and strictly stand by them. This explains why some traders establish a protective rule, which allows execution of a limited number of loss-making trades in a row. The protective rule directly depends on the time of trading and is usually applied to the intraday trades. This rule allows stopping the trading for the whole trading session in case of development of a negative scenario. The reasons of why this rule comes into force could be the following: The best period of time for trading has finished; A certain number of trades have been executed and the trading stops, when a positive result during a trading session has been achieved, independently from their total income; The number of loss-making trades exceeded the acceptable maximum. The ability to manage the trading capital (risk management) is as important in the long-term perspective as the availability of a trading strategy with a trader. The problem is that a human being tends to focus on such things, which are directly in front of his eyes. At some moments, the global vision may become distorted by an immediate urge and belief in a positive outcome of the trade. It takes a pronounced character in those cases when trading decisions are made emotionally and not rationally (in accordance with the risk management rules). Such cases are characterized with a big confidence of a trader in success of an obviously loss-making trade. Namely due to emotional attachment to a trade, a trader often forgets that each trade is just a part of a series of trades. Development of the attachment to a trade looks about as follows: You allow the trade to ‘breathe’ and do not restrict it with a stop loss in accordance with the risk management rules; Then you give it even more space to be more confident that this ‘trade of the century’ will not be closed by a stop loss; At the end of the day you understand that the trade accumulated a significant loss and pushes your profitability curve into the red zone. The most disappointing is when the trade is closed by a stop loss directly before the market reverses towards you and achieves the earlier set goals. This would happen from time to time. Sometimes you yourself would close a profitable trade just before the market reverses and rapidly moves against you. We should note here that the risk-reward ratio and also statistical data in general are not useless, however, everything depends on how we interpret them. People tend to distort or manipulate their perception of reality for supporting their own ideas. Namely this is the reason why it is important to understand the trading psychology. THE MARKET HAS THE UPPER HAND. A trader may forecast any market tendencies, but the market has its own, often different, opinion in this respect. If a trader does not recognize the probability nature of the financial market and is not ready for situations when the market behaves differently from his forecast, he would hardly manage to stay in this business. When a trader starts to think that he knows for sure how one or another market situation would develop, it means that he needs to reconsider his views. Credit: Article by atas net Like and Subscribe. Thank you.
Education
by Deeppoketz