Mirza Baig
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::: You must expect to be stung by bees when in search of honey :::
::: He who is not courageous enough to take risks will accomplish nothing in life :::
::: He who is not courageous enough to take risks will accomplish nothing in life :::
Mirza Baig
Sergey Golubev
Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy...
Mirza Baig
shared author's Sergey Golubev post
Fibonacci expansion: A better way to time price targets
Identifying turning points in the market can be a daunting task. If you are already in a position, it’s easy to let your emotions take over and throw your larger goal out the window in favor of
Mirza Baig
shared author's Sergey Golubev post
The Forex Trader’s Guide to Support and Resistance
This article is a capstone on the topic of support and resistance. Below we discuss multiple subjects within the field of support and resistance, many of which offer more detailed information by
Mirza Baig
Sebastiaan de Boorder
The August SUPERMOON is supposed to be the closet to Earth.
Supermoons are actually a new or full moon which occurs when the moon is closer to the Earth than usual.
“The scientific term for the phenomenon is ‘perigee moon.’ Full Moons vary in size because of the oval shape of the Moon’s ORBIT. The Moon follows an elliptical path around Earth with one side (‘perigee’) about 50,000 km closer than the other (‘apogee’),”
“Full Moons that occur on the perigee SIDE of the Moon’s orbit seem extra big and bright.”
Because of how close the supermoon is, it can appear as much as 14 percent larger in the sky and 30 percent brighter to our eyes than normal moons. 'moon illusion'
Another one is coming up soon–on August 10. That full moon is called the Full Buck Moon. It’s supposed to be the closest to the Earth out of the five supermoons this year.
The remaining one is scheduled for September 9.
The full moon dates:
September 8, Full Harvest Moon, 9:38 p.m. EDT
October 8, Full Hunter’s Moon, 6:51 a.m.
November 6, Full Beaver Moon, 5:23 p.m.
December 6, Full Cold Moon, 7:27 a.m.
2015
For next year, there will be another six supermoons–on January 20, February 18, March 20, August 29, September 28, October 27. All of these are news moons.
Full moons are slated for January 5, February 3, March 5, April 4, May 4, June 2, July 2, July 31, August 14, September 13, October 13, November 11, and December 11.
There is extensive psychological and biological literature demonstrating that the lunar cycle can heavily influence our moods.
A full moon increases our tendency to feel depressed and pessimistic, and there is a higher rate of suicide around full moons.
This may reflect the fear and tension surrounding increased nocturnal predator action, historically, or psychological issues from sleep deprivation in night light.
So investors may feel more inclined to stay out of the stock MARKET at or near that time, or to sell out of positions: emotions trumping objectivity. A correlation between stock market returns and lunar phases is indeed found by Dichev, Yuan and Hickey in three separate studies.
This indicator shows Lunar Phases : http://www.cronossolutions.com/LunarPhases_By_Nikolay_Panev
Source: the epoch times
Supermoons are actually a new or full moon which occurs when the moon is closer to the Earth than usual.
“The scientific term for the phenomenon is ‘perigee moon.’ Full Moons vary in size because of the oval shape of the Moon’s ORBIT. The Moon follows an elliptical path around Earth with one side (‘perigee’) about 50,000 km closer than the other (‘apogee’),”
“Full Moons that occur on the perigee SIDE of the Moon’s orbit seem extra big and bright.”
Because of how close the supermoon is, it can appear as much as 14 percent larger in the sky and 30 percent brighter to our eyes than normal moons. 'moon illusion'
Another one is coming up soon–on August 10. That full moon is called the Full Buck Moon. It’s supposed to be the closest to the Earth out of the five supermoons this year.
The remaining one is scheduled for September 9.
The full moon dates:
September 8, Full Harvest Moon, 9:38 p.m. EDT
October 8, Full Hunter’s Moon, 6:51 a.m.
November 6, Full Beaver Moon, 5:23 p.m.
December 6, Full Cold Moon, 7:27 a.m.
2015
For next year, there will be another six supermoons–on January 20, February 18, March 20, August 29, September 28, October 27. All of these are news moons.
Full moons are slated for January 5, February 3, March 5, April 4, May 4, June 2, July 2, July 31, August 14, September 13, October 13, November 11, and December 11.
There is extensive psychological and biological literature demonstrating that the lunar cycle can heavily influence our moods.
A full moon increases our tendency to feel depressed and pessimistic, and there is a higher rate of suicide around full moons.
This may reflect the fear and tension surrounding increased nocturnal predator action, historically, or psychological issues from sleep deprivation in night light.
So investors may feel more inclined to stay out of the stock MARKET at or near that time, or to sell out of positions: emotions trumping objectivity. A correlation between stock market returns and lunar phases is indeed found by Dichev, Yuan and Hickey in three separate studies.
This indicator shows Lunar Phases : http://www.cronossolutions.com/LunarPhases_By_Nikolay_Panev
Source: the epoch times
Mirza Baig
Sergey Golubev
GOLD (XAUUSD) Technical Analysis 2014, 03.08 - 10.08: Ranging to Weekly Reversal
D1 price is ranging between 1315.76 resistance and 1280.65 support level trying to break Sinkou Span A line of Ichimoku indicator for the price to be fully reversed from primary bullish to the primary bearish market condition. W1 price is inside
Mirza Baig
Sergey Golubev
AUDUSD Technical Analysis 2014, 03.08 - 10.08: Ranging to Reversal
D1 price was reversed from primary bullish to the primary bearish with the nearest support level as 0.9278. W1 price is located inside Ichimoku cloud above Sinkou Span A line which is indicating the secondary ranging correction within primary bullish
Mirza Baig
Sergey Golubev
SIX BASIC TENETS OF DOW THEORY 1. The Average Discounts Everything One of the basic premises of technical analysis is the idea that the market reflects every possible factors, and information that can possibly affect overall supply and demand...
Mirza Baig
shared author's laplacianlab article
Building a Social Technology Startup, Part II: Programming an MQL5 REST Client 
Let's now shape the PHP-based Twitter idea which was introduced in the first part of this article. We are assembling the different parts of the SDSS. Regarding the client side of the system architecture, we are relying on the new MQL5 WebRequest() function for sending trading signals via HTTP.
Mirza Baig
Rasoul Mojtahedzadeh
The performnce of the Trendometer indicator on H4 time frame:
https://www.mql5.com/en/market/product/4565
https://www.mql5.com/en/market/product/4565
Mirza Baig
Roberto Jacobs
Forex trading is like chess.
The winner must always have a trading strategy.
The winner must always have a trading strategy.
Mirza Baig
Sergey Golubev
AUDUSD Technical Strategy: Pending Long Clear candlestick reversal patterns absent on the daily chart Harami on the four hour timeframe awaiting confirmation AUD/USD is awaiting guidance near the 0.9320 mark with candlestick reversal signals lacking on the daily chart...
Mirza Baig
Muhammad Syamil Bin Abdullah
5 skills every trader must have
Many people believe that trading cannot be taught. They say that the best traders in the world are born with an innate gift that allows them to trade the markets with ease. Others, however, think trading can be taught, and this was famously put to the test by Richard Dennis and his Turtle Traders.
Whatever your personal opinion, successful traders do require certain skills and here are a few:
1. Discipline to trade to follow the plan
One of the key skills a trader must have is the discipline to follow the plan. When things are going wrong and the markets are not playing as expected, it’s tempted to abandon the plan and trade by gut instinct but this is a mistake. In fact, it’s times like those when the trading plan becomes even more crucial.
2. Intense work ethic
Some people get into the markets for the money alone and it is these people who normally do not last very long. Surviving in the markets means having the work ethic to do your homework on the markets, to analyse future opportunities and to go over all of your previous trades looking for ways to improve. In the end, it’s no surprise that those who do well in the markets are those that stick at it for long hours every day of every week.
3. Recognising when you’re wrong
Being able to recognise when you’re wrong is what sets winning and losing traders apart. If the price action is telling you that your trade is wrong, you need to have the strength to throw in the towel and close the position out for a loss – before it gets even worse. All traders make losing trades so traders who can’t recognise when they are wrong stand to lose much more hanging on.
4. Pulling the trigger
To succeed in trading requires finding profitable opportunities the moment they appear so it is necessary for a winning trader not only to find the trades but to act on them without delay. Following technical indicators and watching price action can lead to good trade signals but if pulling the trigger on a trade is a problem, it will always be difficult to make money. Because, profitable trading opportunities rarely exist for very long in the forex markets.
5. Patience
Patience is required in large amounts in order to be a successful trader. You must be patient to wait for the perfect opportunity to trade, then you must be patient enough to watch that trade as it loses money. Finally, you must be patient enough to go through the many years of hard work which it takes to become good at trading.
Many people believe that trading cannot be taught. They say that the best traders in the world are born with an innate gift that allows them to trade the markets with ease. Others, however, think trading can be taught, and this was famously put to the test by Richard Dennis and his Turtle Traders.
Whatever your personal opinion, successful traders do require certain skills and here are a few:
1. Discipline to trade to follow the plan
One of the key skills a trader must have is the discipline to follow the plan. When things are going wrong and the markets are not playing as expected, it’s tempted to abandon the plan and trade by gut instinct but this is a mistake. In fact, it’s times like those when the trading plan becomes even more crucial.
2. Intense work ethic
Some people get into the markets for the money alone and it is these people who normally do not last very long. Surviving in the markets means having the work ethic to do your homework on the markets, to analyse future opportunities and to go over all of your previous trades looking for ways to improve. In the end, it’s no surprise that those who do well in the markets are those that stick at it for long hours every day of every week.
3. Recognising when you’re wrong
Being able to recognise when you’re wrong is what sets winning and losing traders apart. If the price action is telling you that your trade is wrong, you need to have the strength to throw in the towel and close the position out for a loss – before it gets even worse. All traders make losing trades so traders who can’t recognise when they are wrong stand to lose much more hanging on.
4. Pulling the trigger
To succeed in trading requires finding profitable opportunities the moment they appear so it is necessary for a winning trader not only to find the trades but to act on them without delay. Following technical indicators and watching price action can lead to good trade signals but if pulling the trigger on a trade is a problem, it will always be difficult to make money. Because, profitable trading opportunities rarely exist for very long in the forex markets.
5. Patience
Patience is required in large amounts in order to be a successful trader. You must be patient to wait for the perfect opportunity to trade, then you must be patient enough to watch that trade as it loses money. Finally, you must be patient enough to go through the many years of hard work which it takes to become good at trading.