thread: anyone need help?

Hello I love the concept of the thread because I am also a newbie(started few months ago). I have some troubles with the market because I go to work and may only trade following 15.30 gmt. I know it's not that late but often I have the feeling that the market is in a range. I've tried some systems such as the genesis and the symphonie matrix but they all recommend trading this approaches following london open. So I am trying to find a fantastic process to trade following 15.30 gmt. A few days ago I downloaded the mt4 app for my phone but the problem is that there is not any chance...

Should you discuss intraday trading then yes its best to trade during London session as this time we receive greatest liquidity on market. I can suggest you to shift into long-term positions, take advantage of fundamental analysis so you don't have to take care of intraday liquidity, time for admissions, spreads, etc..

I want to understand something about trading mind, since overconfident or reverse direction is very difficult to be defeated. I have seen too many folks fail because of trading mind.

quote Trading patterns and price action is a fantastic method to trade in my view. I also believe it requires some discretion at times as well. A couple good books I Truly enjoy are Reminiscences of a Stock Operator and Trading in the Zone. #8203;

Thanks,

I browse an online copy of trading at the zone and liked it a lot of purchased a hard copy its a fantastic book I could see why you advoe it , I need to have a look at Reminiscences of a Stock Operator it seems interesting.

quote Thanks for that answer it exactly what I was looking for, I did find reasons to warrant getting in on that movement but I figure I have a lot more to understand in regards to reading charts. I want to ask do you think learning patterns and based on price action is sufficient? How has your experience been? Also have you have any books you would recommend in regards to trading/financial markets?

Trading patterns and price action is a good method to exchange in my opinion. I also think it takes some discretion at times too.

A couple good books I Truly like are Reminiscences of a Stock Operator and Trading in the Zone. #8203;

quote Alex, I hope when I reply I don't come across as being rude or anything like that. With that said, I will go a little into everything you mentioned and try to show you how I think once I see things happening. #8203; First of all, the first thing I noticed is when you mentioned you THOUGHT. That's where you went wrong first in my view anyhow. We can never exchange according to a chart and believe in a case like this. You said it went up to a certain degree so you thought it was likely to come down to a degree. I'm going to post a chart and show you...

Thanks for that answer it exactly what I was searching for, I'd find reasons to justify getting in on this move but I figure I've a lot more to understand when it comes to reading charts. I would like to ask do you believe learning patterns and based on price action is sufficient? How has your experience been? Also have you got any books you would recommend when it comes to trading/financial markets?

Hello, I'm a total newbie, I do not even understand leverage signifies I signed at plus500 and they gave me a welcome bonus so far I managed to win 250 percent simply by buying when price goes down . . .then just waiting until price goes up again and that I reach profit. Same for sale when price goes up. Is this a workable egy, or was I just lucky?

If that was a workable egy, we would be wealthy. #8203;

Hello,

I'm a total newbie, I do not even know leverage signifies
I signed up at plus500 plus they gave me a very welcome bonus thus far I managed to win 250% simply by buying when price goes down . . .then just waiting until price goes up again and I reach profit. Same for sale when price goes up. Is this a viable egy, or was I just lucky?

Okay I needed to share a trade I made now and collect some ideas on where I went wrong and what signs I may have missed. Its on GBP/USD I entered the trade Thursday night ahead of the jump upwards about an hour after the London open now (likely to be yesterday soon because I posting close to midnight . I honestly thought the market was likely last to go patiently believing a pivot was forming so I sold off at 1.42768. The blue triangle was my price projection but after the market started to go in my direction (pic 2) I altered my target to just...

Alex, I hope when I reply I don't come across as being rude or anything similar to this. With that said, I'll go a little into everything you mentioned and try to demone the way I think when I see things happening. #8203;

First of all, the first thing I noticed is when you mentioned you THOUGHT. That's where you went wrong in my view anyhow. We can never trade based on a chart and think in a situation similar to this. It went up to a certain level so you believed it was likely to come down to a level. I will post a chart and show you what I see.

Within this chart I have a trendlilne that's aqua. As price went up, it formed a symmetrical triangle that's outlined with yellow lines. The bar that I think you are referring to I have highlighted in blue. The bar highlighted in blue is the bar that broke out and closed over the triangle. That bar also bounced off the trendline that was drawn out of the two points that are highlighted with red circles. After that big up bar closed, see the two red lines that turn that up bar into a bullish flag.

Always make sure you go with the management price is moving.

I hope that this helps a little bit.

Hello, can someone help me? I'm pretty confuse with the increasing interest rates and inflation. I read that increasing interest rates is very good for your nation's currencies, and this is likely to produce the currency to be bull. But I read another post saying that increasing of interest rates is to suppress inflation, and this is likely to make the economy weak. Can somebody help me? Furthermore, I don't understand why sometimes the growth of stocks could lead to a decline from the eur currency against the usd, and why sometimes it doesn't... I'm very new to forex trading

Too much inflation is bad for the economy.
Inflation is fine as long as it's controlled.

Meanwhile, higher interest rates will give the people an incentive to store.
Saving will reduce the amount of money circulating in the economy, which makes the currency rare and not as available to use.
Scarce resources have a tendency to increase value. Scarce currency in flow will raise the value and purchasing power of the currency.

Let's take AUD as an example. If the RBA (Reserve Bank of Australia) raises interest rates, people will save up to make interest from their cash. Since money will probably be in saved, it won't be readily available for spending, which makes it scarce. Scarcity raises AUD's value against other currencies.

Here's the thing. News data can offer significant price spikes and dips but the movement won't necessarily go on forever.

Also, I think that it's intuitively wiser not to overanalyze market details. Truth be told, the chart's price action can tell you all you want to know, provided that you do your best to know what it says and not overanalyze it.

Good luck with trading!

Okay I wanted to share with a trade I made now and gather a few ideas on where I went wrong and what signals I might have missed. Its on GBP/USD I entered the trade Thursday night ahead of the jump upwards about an hour following the London open now (going to be yesterday shortly because I posting close to midnight . I honestly thought the market was going continue to head downwards thinking a pivot was forming so I sold off in 1.42768. The blue triangle was my own price projection but following the market began to move in my direction (pic 2) I altered my target to just about on third of the price projection place that allowed me to lower my risk by 50% whilst maintaining my r/r that was 3.5. If you have a look at the 4hr charts in the time of posting that you will clearly have the ability to observe up the move that took me out now.



A bigger picture of the price movement, I thought price was going down.

Was at a profit at this stage if I could I'd have bought back part of my place to decrease risk but I am currently trading the minimum lot size available



how would you have seen this price motion?

All of the best,

Al