After practicing for 7 years, i realized that buying foreign exchange for the purpose of forex trading is prohibited for resident Indians. But realized that the learning and exploring i undertook over these 7 years have given me an insight completely different from the one i had when i started. The standard tools and their set up available in the public domain is either inaccurate or inconsistent. A combination of Fibonacci retracements, Zig zag and moving averages exposed the step by step of progress of a trend along with the potential start and end of trends. No single indicator, standard or modified would work but a combination of these three indicators works perfectly in following the price trends.
Obviously, at the beginning, the awareness on price obedience was based on hind sight, but with practice, resulted in early entry and exit in to trends. The market is surrounded by popular beliefs and myths that were completely shattered when i watched the price movements through this modified set up of indicators. Currently, offering this trade set up, checklist and trading strategy as a course on technical analysis for trading.
Typically, forex trading is seen as a quick buck tool to be an instant millionaire. This approach has destroyed the reputation of people and industry. The market is bombarded with misleading information by the seconds and minutes with traders glued to screens in the hope of minting money by the second. But the market makers seem to be moving the prices on a larger time scale of years and decades, beyond our short memories and long term perseverance. My trade set up helped me to see the bigger picture of the market which was like learning the alphabets and grammar of a language.
You cannot learn forex by reading, listening or watching. Observing the market price movements through the filter of my trade set up, can speed up the learning process. It has worked in every type of financial instrument from forex, metals and stock market. More you practice, the more successful you will be. Exactly the reason why you get demo accounts to practice before going live.
Practice, Patience and Persistence will result in Profits. There is a fine line between ambition and greed. As long as you do not cross that line, you will do well for yourself and others.
Obviously, at the beginning, the awareness on price obedience was based on hind sight, but with practice, resulted in early entry and exit in to trends. The market is surrounded by popular beliefs and myths that were completely shattered when i watched the price movements through this modified set up of indicators. Currently, offering this trade set up, checklist and trading strategy as a course on technical analysis for trading.
Typically, forex trading is seen as a quick buck tool to be an instant millionaire. This approach has destroyed the reputation of people and industry. The market is bombarded with misleading information by the seconds and minutes with traders glued to screens in the hope of minting money by the second. But the market makers seem to be moving the prices on a larger time scale of years and decades, beyond our short memories and long term perseverance. My trade set up helped me to see the bigger picture of the market which was like learning the alphabets and grammar of a language.
You cannot learn forex by reading, listening or watching. Observing the market price movements through the filter of my trade set up, can speed up the learning process. It has worked in every type of financial instrument from forex, metals and stock market. More you practice, the more successful you will be. Exactly the reason why you get demo accounts to practice before going live.
Practice, Patience and Persistence will result in Profits. There is a fine line between ambition and greed. As long as you do not cross that line, you will do well for yourself and others.
forexintel
A confirmation for BEARISH price movement in the coming days, as i have been mentioning in my recent posts. Since i was aware of the high volatility, kept the SELL order open...
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forexintel
As mentioned in my recent posts, still believe that the gold and eurusd prices to be moving downwards but with high volatility. It would be interesting to see how this month candle closes, as it would provide the momentum for the remainder of the year and the direction...
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forexintel
EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER
27 October 2015, 15:14
As mentioned in my previous posts, expect the eurusd price to continue going down. Even though the eurusd price was near a low ZZ in D1, H4 and MN time frames, saw yesterday's high as the high for this week and for eurusd price to fall. Hence, entered another SELL order with 0.02 lot size...
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forexintel
If you have been following my posts on gold and eurusd price movements, you would have realized the relationship between the two price movements. I believe that the gold price follows the eurusd price with a time lag and of course gold is in thousands and eurusd is in units in their numerals...
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forexintel
EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER
22 October 2015, 15:55
I have been mentioning about the fall in eurusd price in my posts https://www.mql5.com/en/blogs/post/652386. The "news" attributes today's fall to ECB policy stand...
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forexintel
EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER
21 October 2015, 16:47
I have been mentioning about the possibility of the eurusd price falling down and the recent price rise to be a retracement than an up trend. Hence kept the SELL order open. My belief is that the eurusd price is supposed to go below 0...
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forexintel
I have been mentioning about the possibility of the gold price falling down and the recent price rise to be a retracement than an up trend. While the level 1 set up was indicating a huge upswing in gold prices, level 2 and 3 set up are still showing a SELL trend...
104
forexintel
The probability of the gold price continuing to go up was so unconvincing that i removed the stop loss i had kept near last month's high and put my faith in my level 2 and 3 set up which was still showing a BEAR trend...
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forexintel
EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER
19 October 2015, 14:09
As mentioned in my recent posts, was prepared for the high volatility in the BEARISH price movement. Even in gold prices, was not convinced about the upward movement, as i saw it as a retracement rather than a trend, especially from level 2 and 3 set up...
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forexintel
Had mentioned about a rethink, if the gold price crosses previous month's high. https://www.mql5.com/en/blogs/post/651162 Expected it to cross on that day itself...
55
forexintel
EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER
7 October 2015, 14:03
Will wait for the eurusd price to cross previous month's high for a confirmed BUY. As mentioned in my previous posts, was prepared for the high volatility in the downward price movement. As of now, there has been no new high for the past weeks, nor there has been any new low in the week chart...
65
forexintel
Will wait for the gold price to cross previous month's high for a confirmed BUY. The stop loss near last Friday's high got triggered and the SELL order got closed on Monday. Entered a SELL order with 0.2 lot size near yesterday's high at 1149 with a stop loss at 1157...
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forexintel
Gold going down to 1077. Expecting the gold price to 1077 and further below from this week. If this week's candle does not go below last week's low then there is a remote chance that the gold price might go up from next week...
· 1
68
forexintel
EUR/USD GOING TO 1.060 - WEEK, 0.965 - YEAR, 1.33 - LATER
2 October 2015, 16:48
I had mentioned about this price rise in the morning. https://www.mql5.com/en/blogs/post/650766 Now that the price has touched the trend line, expect the eurusd price to fall down, hence entered a SELL order. Do not see the possibility of the eurusd price going to 1...
· 1
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forexintel
I had mentioned about this price rise in the morning. https://www.mql5.com/en/blogs/post/650754 Now that the price has touched the trend line, expect the gold price to fall down, hence entered a SELL order. Probably, it could go to 1143 before starting to fall down...
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forexintel
EUR/USD going to 1.060 - Week, 0.965 - Year, 1.33 - Later
2 October 2015, 09:42
As i had mentioned about the high volatility in eurusd prices in my previous posts, expect the eurusd price to reach around 1.142 this week end. The most obvious is that the price could continue to fall down without any retracements...
· 1
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forexintel
As i had mentioned about the high volatility in gold prices in my previous posts, expect the gold price to reach around 1149 this week end. The most obvious is that the price could continue to fall down without any retracements...
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2
forexintel
EUR/USD going to 1.060 - Week, 0.965 - Year, 1.33 - Later
28 September 2015, 04:25
I had mentioned about the high volatility in the eurusd price downward movement. The eurusd price is poised for a SUPER FALL from this week. Expected this month eurusd price to either close near 1.2 or 1.04, but both seem impossible with only 3 days left for the month end...
90
forexintel
Expected this month to close either close to 1210 or below 1071. With only 3 days left in the month, both seem to be impossible. This could mean a SUPER FALL to a price level of 750 by December end...
102
forexintel
EUR/USD going to 1.072 - Week, 0.965 - Year, 1.33 - Later
23 September 2015, 16:08
Expect the eurusd price to go up to 1.124 as a retracement in a downtrend rather than as an uptrend. As mentioned in my previous posts, https://www.mql5.com/en/blogs/post/649802 the downward price movement would be highly volatile and see this upward price movement as a retracement...
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