I have decided to publish a report about 23 currency pairs every night. I analyze all of the 23 currency pairs’ charts, find the signals and opportunities and publish the result on my weblog. I also talk about my trading systems and experiences.
[B]Please Note[/B] that I am not trying to promote my website here. I just wanted to announce about the reports I publish. I will be here at your service to discuss about the report, currency pairs, strategies and … . So I will be loyal to this discussion board and its rules and my report will make the discussions here not on my website. [B]I love BabyPips[/B] and I have learned a lot from it.
It seems having any link on the post is against the BabyPips rules and so the removed the link to my report. If you are interested in reading the report, you can email me or visit my profile to find my [U]Home Page[/U] address.
The we can discuss about it here on BabyPips discussion board.
Sounds like a pretty cool idea but the only downfall is that it maybe time consuming to focus on that many. Its best to specialize, why spread yourself thin allover the market and be average instead of being great in one currency pair unless you have extensive knowledge of the currency market you will have trouble doing this.
The reason for checking 16 currency pairs is that you can always find at least one good and clear signal in one of them but when you get stuck to one currency pair, you have to wait for a long time to see a good signal sometimes. This is dangerous because it will make you tired and then you force yourself to enter to a trade while still there is no good signal.
When you wait for a long time, emotions start working and realizing you that you should buy or sell now and it is the time that your stop loss will be hit.
With 16 currency pairs, you only enter with the BEST and most CLEAR signal. When you don’t find any signal in 10 of them, you are hopeful that you will find a good signal in the 6 others.
good idea vahid,
could you tell us aboutyour trading xperience or we have to get that from your website, if you think it will be time consuming, no problem at all.
I have been trading for about 5 years and this 5 years can be equal to 15 years because I read, tested and experienced a lot and spent a lot of time on forex and of course stock market.
I am updating the 14th January report. I suggest you to take a look and take the proper positions. There are a lot of good trading opportunities on the way.
Here is the result so far:
Euro against US Dollar (EUR-USD): Bullish but some Bearish reversal signals in the 4hrs chart.
US Dollar against Swiss Frank (USD-CHF): Bearish but some Bullish reversal signals in the 4hrs chart.
British Pound against US Dollar (GBP-USD): Still in an indecision status. Have an eye on it.
US Dollar against Japanese Yen (USD-JPY): Bearish but good reversal signal in the 4hrs chart.
British Pound against Japanese Yen (GBP-JPY): Bearish; Broke the pennant to the down side; currently some reversal signals in the 4hrs chart.
Euro against Japanese Yen (EUR-JPY): Still inside the pennant; 4hrs currently Bullish.
US Dollar against Canadian Dollar (USD-CAD): Broke the 61.80% Fibonacci level and is going up.
British Pound against Canadian Dollar (GBP-CAD): Testing the 50% level to go up. Has been Bullish in the past few days.
Euro against Canadian Dollar (EUR-CAD): Bullish
Australian Dollar against US Dollar (AUS-USD): Bullish; currently testing the 23.60% Fibonacci level
New Zealand Dollar against US Dollar (NZD-USD): Bullish
I am updating the 21th January report. I suggest you to take a look and take the proper positions. There are a lot of good trading opportunities on the way.
Here is the result so far:
Here is the currency pairs that I checked so far:
Euro against US Dollar (EUR-USD): Bearish
US Dollar against Swiss Frank (USD-CHF): Bullish
British Pound against US Dollar (GBP-USD): Bearish
US Dollar against Japanese Yen (USD-JPY): At the end of a symmetrical triangle. Have an eye on it.
British Pound against Japanese Yen (GBP-JPY): Bearish
Euro against Japanese Yen (EUR-JPY): Bearish
US Dollar against Canadian Dollar (USD-CAD): Indecision; wait and for the support to be broken and the go short
Australian Dollar against US Dollar (AUS-USD): Bearish
New Zealand Dollar against US Dollar (NZD-USD): Bearish
Euro against British Pound (EUR-GBP): Bearish
British Pound against Swiss Franc (GBP-CHF): Bearish
Euro against Swiss Franc (EUR-CHF): Bearish
Euro against Canadian Dollar (EUR-CAD): Bearish
Euro against Australian Dollar (EUR-AUS): Bearish
British Pound against Canadian Dollar (GBP-CAD): Bearish
British Pound against Australian Dollar (GBP-AUS): Bearish
Euro against New Zealand Dollar (EUR-NZD): Bearish
Those who already know me, know that I was used to publish forex market analysis on my weblog on a daily basis. It was stopped for a few months but will be started from this week.
