Recent content by pro4Xtrader

BITCOIN SCENARIOS AFTER RANGE TRADING Did you read the post above before trying to post nothing but 3 links with titles?

Ethereum Forecasting & Cryptocurrency Correlation Matrix REMOVED This folder is for market predictions and reports. Not for "look here for info" links. Any more posts not containing useful content will be deleted.

As Cryptocurrency gaining more and more attention around the world, it becomes a widely traded asset with enormous exponential growth potential. There are many alternatives and variations of Bitcoin called Alternative Coins or Altcoins. I would like to dedicate this thread to my cryptocurrency...

Decided to share my experience about trading forex. The title says it all, yes I was loosing for 10 consecutive years!!! This is probably unbelievable for most readers, yet it is true. Forex is an extremely demanding “job” in terms of psychology and discipline. If you don’t have these skills you...

1. All Brokers Are Not Equal Oh yea, you will find a lot of dishonest brokers. 2. The Best Strategies Are Simple Strategies In my case it is true, I've tried a lot of sophisitcated things, but strategy that works is simple and was developed by myself. 3. Overtrading Is a Recipe for...

guys anyone reading this or should I stop? :)))

USDCAD rejecting descending channel suggesting a corrective move down towards 1.23 area that is 38.2% fibs retracement level.

It seems USDJPY now in the ranging mode where best is to use oscilators. Now USDJPY bouncing off the resistance and Demarker showing overbough. I think it is very likely price will drop back to support.

EURNZD broke above key resistance that could be a signal of a long term uptrend taking place. I think price could move up to 1.66 area that would make over 1000 pip upside move potential.

NZDJPY rejected the trendline as well as resistance level. This could result in a sharp fall targeting 86.50 area, that is over 200 pip move down from the current rate.

GBPNZD continues to print new lower highs and higher highs without any signs of reversal. In fact uptrend could just accelerate from this point and hit our target in the next few weeks.

After a nice rally up GBPAUD corrected what seems to be a good entry point for the long position. The rally does not look over as no signs of reversal are presented. Target area 2.0180

Its not gonna work unless you have two different strategies for correlated pairs and one of them telling buy and another sell. If you are doing this for the sake of hedging it does not make any sense without a strategy and besides, if it was USD that moved EURUSD, your EURAUD or any other EURxxx...

well actually 98% loose in forex and I'd add that mainly this is because "trader" 1. don't have a trading strategy 2. is not disciplined

minimum deposit = breaking money management rules = guaranteed margin call