Francis Dogbe / Profile

NFP: someone tell what happened....?

NO Matter how good your strategy is... it surely wont be 100% loss proof. In all being said, i feel the best strategy are the simplest once. Complex strategy or logic will only delay your chances of winning. :-)
That is my thought.

Really nice tools for both Pro-Traders and Rookie-Trader as while....
http://www.forextester.com/
Check it out ;D

Mini Russell 2000 staged a very small recovery beating 1109 but the 1118/21 area could be a useful selling opportunity today with stops above 1125. Be ready to go with a break above here however as this opens the door to a test of strong resistance at 1133/35. Exit longs & try shorts with stops above 1140.
The longer term pattern for this market is worryingly negative & below 1109 signals a retest of important support at August/September lows 1103/00. A break lower however is looking quite likely & signals more downside pressure to target 1190/89. We could even continue lower to May lows & 7.5 month trend line support at 1079/75 this week.

E Mini Nasdaq: We wrote on Friday: '**NOTE WE HAVE HIT & HELD 5 MONTH TREND LINE SUPPORT AT 3999** IF THIS IS STILL A BULL MARKET WE WILL BOTTOM HERE & END THE CORRECTION (as I suspect).** As predicted this did mark the exact low & we even beat our targets of 4032/34 to halt just 2 ticks from our next target & selling opportunity at 4053/55. Try shorts at 4050/54 today with stops above 4060. Go with a break higher however & use 4054 as support looking for a move towards 4066/69 for profit taking.

If you did mange to jump in to shorts just below 4053 there was an extra 20 tick reward with a dip back to the 4034 level. We could continue lower today to 4020 perhaps as far as 4012. Exit shorts here & try longs down to 4000/3998 with stops below 3993. Be aware a break lower will trigger big stops & below 3991 adds pressure to target 3978/77. If we continue lower this week look for a buying opportunity at 3957/55, with stops below 3946.


Silver has fallen every week for 12 weeks, except one when we closed unchanged. Clearly a very strong bear trend therefore. No sign of a bottoming out yet so any short term recovery is a selling opportunity with immediate resistance at 1765/70. However if this does not hold a move higher look for a selling opportunity at 1790/95. Exit longs & try shorts expecting a high for the day but with stops above 1805.

Failure to beat immediate resistance at 1765/70 & a dip below 1745/40 keeps the market under pressure for a retest of September lows at 1732/27. A break lower adds pressure to target 1715/10 this week.


Copper has been in a bear trend for at least 18 months with no sign of a bottoming out. As long as we hold below 3040 today prices will remain under pressure to test last week's low at 3020. Today's low as I write is 3013 so be ready to go with a break below here to target June lows at 3010/09. Below 3008 should then target May lows at 3000/2998.

Only above 3040 is less negative in the short term. Any shorts here need therefore stops above 3055 for a move towards 3064/69 for a selling opportunity. Exit longs & try shorts here with stops above 3080.


EURGBP in a 12 month bear trend with no sign of this reversing yet as we approach 2012 lows at 7753. Immediate support is last week's low of 7781 but below here we look for a test of 2012 lows at 7753 this week. A yearly low is always going to grab attention. This is also 7 year Fibonacci support BUT last time we bottomed here we also had the 200 month moving average here adding support. This is not the case now. However it is still worth exiting shorts & trying longs with wide stops below 7725.

Holding above 7805/00 is more positive for today & targets 7830. If we continue higher look for a selling opportunity at 7845/50 with stops above 7867.

Prison of your own making

Are you holding yourself in a prison of your own making? If so, today you can choose to set yourself free.

Worries, insecurities, outdated assumptions, and a negative self image can all prevent you from experiencing life at its best. You can let those limiting influences fall cleanly away from your life.

The obstacles that life sends your way will continually challenge you, and yet with intention and commitment you can move beyond them. Before you can do that, however, you must set yourself free of the self-imposed obstacles.

Raise your vision of yourself above any troubles and shortcomings that may have occurred in your past. This is now, and you owe it to yourself to maintain an empowering view of yourself.

If you’ve known a lot of disappointment, there’s no need to fear more disappointment or failure. Just accept that they will occasionally come, and look forward to the great satisfaction you’ll find in working your way beyond them.

Choose to set yourself free from defeating thoughts that have held you back. Knock down the walls you’ve built around you, and let the full richness of life come in.

I do not think BACKTEST is enough to judge a trading system. For the reason that, backtest do not deal with BROKERS malicious behaviour in manipulating orders. Also the effect of swap on positions held for longer period is absent in backtest. (maybe MQL might add that option on newer version of the trading terminal). I have also observed that during NEWS releases the spread opens up and most order do not get filled.

I think FORWARDTEST should the appropriate method to appraise a trading system.

There are a few systems like Dainel Stein-BlueBalls, Rinor- Stupidbot, Remi-FOGEVO and other systems have proven beyond reasonable doubt that their system really work and profitable no matter the market condition there is.

That is just my opinion guys ;)

Am already convinced. :)

The majority of transactions are for reasons other than speculative profit making; primarily business necessity. 82% of all trades are for non-speculative reasons such a Japanese manufacturer exchanging their USD from sales in America in to JPY so they can pay their employees in the factories. Only 4% is accounted for by retail traders like you and I, and 14% by major hedge funds trying to make money from the price movement. That means currency price moves are random and unpredictable, and for that reason, using shapes on a chart to try and predict future price direction is a worthless endeavour

A good trader can take a mediocre system and make money with it, whereas a bad trader can take a great system and lose money with it. It is the individual who is the difference between profiting and losing. Bad traders couldn't trade successfully even if they found the Holy Grail, because they have completely missed the point that it is them as a person that determines success or failure in trading

My Broker just caused my downfall..

Most people “know” that prices move when buyers and sellers interact. They “know” that an uptrend happens when there are more buyers than sellers, or a down trend happens when there are more sellers than buyers, right?
Wrong!
That’s complete nonsense!

EURUSD | Buy:1.2860
Buy prices: 1.2860, 1.2859, 1.2858
Stoploss near: 1.2835

After the Scottish Vote, GBP is now weak.. too bad. I was expecting a positive speculation in the market to boost the POUND POWER.

Over 450+pips on GBPJPY.. since Tuesday 15th Sep. my broker is dead. lol :)

OMG....

Thursday will mark a historic event that could forever change Great Britain and potentially have far reaching effects on the global economy.

Analysts and news outlets have indicated the referendum is too close to call with recent polling by YouGov showing that 52% of those surveyed indicating a No vote and 48% indicating a Yes vote.

At stake lies the multi-billion dollar oil revenue produced in the North Sea. Analysts forecast a Yes vote would see Scotland receive up to 90% of oil revenue. As such, a Yes vote has the potential the see the Pound drop very sharply which could have a knock on effect to other markets.

As the world watches, other unions are taking a very keen interest in this historic event. Catalonia in Spain and South Thirol in Italy are following the Scots lead and ramping up their independence campaigns. Could the Euro be impacted?

Happy Birthday Rinor.... many wishes and 1000+ pips today.. or forget the market today and go chill out :D

Why do EA and Indicator developers battle each for supremacy over their products? I have read countless time how developers insulting and condemning each other at the comment session of product release. Too bad... it seem they all want their product be bought. :(

Tomorrow is Rinor Memeti's birthday....... hurray!!!!!! more beers and barbecues :))))

Overview....