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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
Open an account with Larson & Holz and get $100 no-deposit bonus for free, no deposits required
http://bit.ly/IfnRH3
Thanks
http://bit.ly/IfnRH3
Thanks
· 1
Mirza Baig
The Fed Won't Derail USD/JPY; Stay Long - Morgan Stanley (eFXnews)
Last week minutes from the October FOMC meeting suggested that the FOMC is still concerned about communication regarding tapering and tightening while market pricing on rate expectations has already become more consistent with the Fed’s expected hiking path, notes Morgan Stanley.
"Credible forward guidance, a market that is more prepared for tapering, and growing evidence that the US economy is gaining momentum provides a positive rate and risk backdrop for USD/JPY," MS argues.
"When the Fed tapers, we do not expect a repeat of the May/June bond volatility and USD weakness against JPY. The market has adjusted to the Fed’s forward guidance, and the FOMC is likely to solidify that guidance even further," MS clarifies.
"With the front-end anchored, there is room for some steepening in the belly of the curve as the US economy improves. Indeed, the lessening fiscal drag and gradually recovering labor market should provide a lift to the US economy and the greenback," MS adds.
"All of this should happen in a constructive risk environment, which is a key component of JPY weakness, given its status as a global funding currency. Developments in Japan, including pension reform and the potential for more BoJ action next year, only strengthen the case," MS concludes.
In line with this view, MS maintains a long USD/JPY in its short-term macro portfolio targeting 103 and another long in its medium-term macro portfolio targeting 105.
Last week minutes from the October FOMC meeting suggested that the FOMC is still concerned about communication regarding tapering and tightening while market pricing on rate expectations has already become more consistent with the Fed’s expected hiking path, notes Morgan Stanley.
"Credible forward guidance, a market that is more prepared for tapering, and growing evidence that the US economy is gaining momentum provides a positive rate and risk backdrop for USD/JPY," MS argues.
"When the Fed tapers, we do not expect a repeat of the May/June bond volatility and USD weakness against JPY. The market has adjusted to the Fed’s forward guidance, and the FOMC is likely to solidify that guidance even further," MS clarifies.
"With the front-end anchored, there is room for some steepening in the belly of the curve as the US economy improves. Indeed, the lessening fiscal drag and gradually recovering labor market should provide a lift to the US economy and the greenback," MS adds.
"All of this should happen in a constructive risk environment, which is a key component of JPY weakness, given its status as a global funding currency. Developments in Japan, including pension reform and the potential for more BoJ action next year, only strengthen the case," MS concludes.
In line with this view, MS maintains a long USD/JPY in its short-term macro portfolio targeting 103 and another long in its medium-term macro portfolio targeting 105.
· 1
Mirza Baig
Sharpening Your Trading Skills: Using Bollinger Bands (Kitco.com)
The Bollinger Bands (B-Bands) technical study was created by John Bollinger, the president of Bollinger Capital Management Inc., based in Manhattan Beach, California. Bollinger is well respected in the futures and equities industries.
Traders generally use B-Bands to determine overbought and oversold zones, to confirm divergences between prices and other technical indicators, and to project price targets. The wider the B-bands on a chart, the greater the market volatility; the narrower the bands, the less market volatility.
B-Bands are lines plotted on a chart at an interval around a moving average. They consist of a moving average and two standard deviations charted as one line above and one line below the moving average. The line above is two standard deviations added to the moving average. The line below is two standard deviations subtracted from the moving average.
Some traders use B-Bands in conjunction with another indicator, such as the Relative Strength Index (RSI). If the market price touches the upper B-band and the RSI does not confirm the upward move (i.e. there is divergence between the indicators), a sell signal is generated. If the indicator confirms the upward move, no sell signal is generated, and in fact, a buy signal may be indicated.
If the price touches the lower B-band and the RSI does not confirm the downward move, a buy signal is generated. If the indicator confirms the downward move, no buy signal is generated, and in fact, a sell signal may be indicated.
Another strategy uses the Bollinger Bands without another indicator. In this approach, a chart top occurring above the upper band followed by a top below the upper band generates a sell signal. Likewise, a chart bottom occurring below the lower band followed by a bottom above the lower band generates a buy signal.
B-Bands also help determine overbought and oversold markets. When prices move closer to the upper band, the market is becoming overbought, and as the prices move closer to the lower band, the market is becoming oversold.
Importantly, the market’s price momentum should also be taken into account. When a market enters an overbought or oversold area, it may become even more so before it reverses. You should always look for evidence of price weakening or strengthening before anticipating a market reversal.
Bollinger Bands can be applied to any type of chart, although this indicator works best with daily and weekly charts. When applied to a weekly chart, the Bands carry more significance for long-term market changes. John Bollinger says periods of less than 10 days do not work well for B-Bands. He says that the optimal period is 20 or 21 days.
Like most computer-generated technical indicators, I use B-Bands as mostly an indicator of overbought and oversold conditions, or for divergence--but not as a specific generator of buy and sell signals for my trading opportunities. It's just one more "secondary" trading tool, as opposed to my "primary" trading tools that include chart patterns and trend lines and fundamental analysis.
The Bollinger Bands (B-Bands) technical study was created by John Bollinger, the president of Bollinger Capital Management Inc., based in Manhattan Beach, California. Bollinger is well respected in the futures and equities industries.
Traders generally use B-Bands to determine overbought and oversold zones, to confirm divergences between prices and other technical indicators, and to project price targets. The wider the B-bands on a chart, the greater the market volatility; the narrower the bands, the less market volatility.
B-Bands are lines plotted on a chart at an interval around a moving average. They consist of a moving average and two standard deviations charted as one line above and one line below the moving average. The line above is two standard deviations added to the moving average. The line below is two standard deviations subtracted from the moving average.
Some traders use B-Bands in conjunction with another indicator, such as the Relative Strength Index (RSI). If the market price touches the upper B-band and the RSI does not confirm the upward move (i.e. there is divergence between the indicators), a sell signal is generated. If the indicator confirms the upward move, no sell signal is generated, and in fact, a buy signal may be indicated.
If the price touches the lower B-band and the RSI does not confirm the downward move, a buy signal is generated. If the indicator confirms the downward move, no buy signal is generated, and in fact, a sell signal may be indicated.
Another strategy uses the Bollinger Bands without another indicator. In this approach, a chart top occurring above the upper band followed by a top below the upper band generates a sell signal. Likewise, a chart bottom occurring below the lower band followed by a bottom above the lower band generates a buy signal.
B-Bands also help determine overbought and oversold markets. When prices move closer to the upper band, the market is becoming overbought, and as the prices move closer to the lower band, the market is becoming oversold.
Importantly, the market’s price momentum should also be taken into account. When a market enters an overbought or oversold area, it may become even more so before it reverses. You should always look for evidence of price weakening or strengthening before anticipating a market reversal.
Bollinger Bands can be applied to any type of chart, although this indicator works best with daily and weekly charts. When applied to a weekly chart, the Bands carry more significance for long-term market changes. John Bollinger says periods of less than 10 days do not work well for B-Bands. He says that the optimal period is 20 or 21 days.
Like most computer-generated technical indicators, I use B-Bands as mostly an indicator of overbought and oversold conditions, or for divergence--but not as a specific generator of buy and sell signals for my trading opportunities. It's just one more "secondary" trading tool, as opposed to my "primary" trading tools that include chart patterns and trend lines and fundamental analysis.
· 1
Mirza Baig
Added poll Do you check Commitment of Traders (CoT) Report released by Commodity Futures Trading Commission (CFTC) ?
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25% (13)
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27% (14)
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10% (5)
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8% (4)
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50% (26)
Total voters: 52
· 1
1
Mirza Baig
Added poll What do you think the reason of your losses in forex ?
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40% (31)
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22% (17)
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27% (21)
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34% (26)
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34% (26)
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29% (22)
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26% (20)
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21% (16)
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34% (26)
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26% (20)
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13% (10)
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14% (11)
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10% (8)
Total voters: 77
· 1
11
Mirza Baig
Left feedback to developer for job Stop Loss EA
Excellent developer, properly understood my requirements and demonstrated the EA too. Will work with him again.
· 1
Mirza Baig
Added poll Which Oscillators you use most ?
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22% (7)
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28% (9)
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12% (4)
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16% (5)
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16% (5)
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12% (4)
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12% (4)
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34% (11)
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12% (4)
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9% (3)
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25% (8)
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28% (9)
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16% (5)
Total voters: 32
· 1
7
Mirza Baig
Added topic Heiken Ashi Trading System
I have found Heiken Ashi a reliable system, as I started using it recently the past week. Although it does (and in fact "did" produce false signals), yet its profitable overall given the trader has right money management (at his discretion). I will
· 1
33
Mirza Baig
Added topic Confusing Comments
Hi there ! On one of the signals pages, I found some signals, in which, the following comments were observed: close hedge by #5698171 5698154 2013.08.15 Sell 0.02 EURJPY 2013.08.15 -0.13 1.12 to #5698298 What does the above mean
· 1
2
Mirza Baig
Added topic Hiding Order Numbers
Hi there ! It may seem a strange question, but why do traders hide their order numbers when showing screenshots of their history of trading account ? What we can do even if we know the order numbers ? Thanks
· 1
7
Mirza Baig
Added topic Are Signal Stats Correct ? (FAO Mods)
Hi there ! These are my deposits and withdrawals: 504 + 207.65 - 90 = Net Deposit $621.65 Now if we divide the profit of $37.89 by Net Deposits, we get 6.09%...the signals stats are showing 5.88% :( Thanks for your help
· 1
5
Mirza Baig
Added topic Filling Policy
Hi ! From MT5 Help, I obtained the following info regarding Filling Policy: Fill Policy Fill or Kill This policy means that a deal can be executed only with the specified volume. If the necessary amount of a financial instrument is currently
· 1
3
Mirza Baig
Added topic MT5 Question
Hi ! I will try to exemplify what I am asking. Lets assume, we open a Buy 0.01 EURUSD at 1.3000 (TRADE 1) It goes negative by 120 pips (1.288) Here at this point, we will open a new trade, which is 4 times the lot size of TRADE 1, with a TP of
· 1
7
Mirza Baig
Added topic MT5 Stats Website Creation
Hi there ! How will MQL Corp. co-ordinate if I want to get a website built for MT5 stats, just like MT4's website out there ? Currently, MT5's stats are not at par with that of MT4's. Thanks
· 1
11
Mirza Baig
Added topic In/Out MT5
Hi ! Please excuse my ignorance, what does in/out mean in MT5 ? Thanks
· 1
6
Mirza Baig
Added topic Stats website for MT5
Hi there ! Apart from MQL5 community website, aren't there any tools for MT5 Publishing ? Thanks
· 1
1
Mirza Baig
Added topic Download History
Hi there ! I tried to download history , which is in CSV format and tried to import it in excel but everything is squished together. Does any one has experience of opening such history file of signals in a proper format ? Thanks
· 1
1
Mirza Baig
Added poll Do you agree that Stop Loss and Take Profit affects the performance of a trading system (EA) ?
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37% (17)
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33% (15)
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20% (9)
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7% (3)
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4% (2)
Total voters: 46
· 1
36
Mirza Baig
Added topic RR and Win Rate (FAO RaptorUK)
Hi Raptor ! Here are my calculations, which show the "MUST" Win Rate for the following RR (I have disregarded the spreads for the sake of simplicity): Reward 5 4 3 2 1 Risk 1 1 1 1 1 BE Winning % 17 20 25 33 50 How I
· 1
9
Mirza Baig
Added topic Is it allowed to convert Godzilla's MQ5 codes to MQL4 ?
Hi there ! I don't know but just to ask you whether there will be any copyright infringement if we convert Godzilla's MQL5 codes to MQL4 ? Thanks
· 1
4