very interesting, i m not much of a scalper
Has anyone joined member area of āForex School Onlineā? I have learnt a lot from their website and thinking to join the member area. If you have joined them, I would appreciate any reviews. Thanks
Oddly enough I canāt go to the Forexschoolonline website here at work. Itās blocked as being a āPersonals and dating websiteāā¦
O.o
same here lol
Giving this post a little bump as this is really the only thread of importance to me and itās often difficult to find under everything else. 
I should note that if/when I become āsuccessfulā with Forex - I will likely be sharing my strategy on here. I know that we see a lot of people become successful and you never hear from them again, or they simply fade away for whatever reason.
Iām a bit different. I enjoy forums a lot and I donāt have enough free time to be on them and talk with people as much as I would really like. So if I was successful in Forex, I would have a lot more free time on my hands and I would certainly want to share how I do it with others.
I see that most people share their strategy by having individuals pay a one-time fee of several hundred dollars or a monthly subscription fee.
If I have money through Forex, I honestly donāt think I would need to charge anyone for my service. I would just post on here and see who I can help.
One thing I donāt understand. If there is big money to gain on forex and there are lots successful people why do these people seem to be trying to sell me there ultimate strategy. Surely they make enough by trading.
Shortcut to the āBillionaire doorā (instead of waiting 5 years to be billionaire by trading only, why donāt āsell the strategyā and trade at the same time?) :16:
I know I donāt want to be a billionaire. I simply want to have financial freedom. I live in poverty right now. I work 70 hours a week to make under $2,000 per month. I am a slave to the labor industry and I want to get out.
Once I have financial freedom, I will be content with my living conditions.
I know what itās like to live like this, so I can appreciate having any amount of spare money at all. This is why I wonāt be charging for my services if/when that day comes.
I think that having a realistic goal going forward is a most. I see people talking about millions and billions of dollars that they want to make in a short amount of time. I say yes it can be done but , you need to start the account with a large amount of money too. So i am glad that ideasonscribe has the feet on the ground.
Hello Guys,
Newbie here but have been in forex for last 4 years, emptied many accounts, just a year back I came to know the price action and it gave a little stability of my trading, and this is actually the trading, else is more or less gambling. Came to this thread just a week back and best concept of this thread is A++ trades, Now a days Iām working on screening A++ trades that may increase my win%.
Check screen shot.
GBP-AUD,
- Good price action signal well defined Pin bar
- At a significant level
- Overall a weekly bullish trend
This scenario convinces me for a possible bullish reversal from this level. Im not gonna Jumpt right away going to look for a solid PA signal on daily or 4H.
Your views Plz
Nice to see you here, Bluebirds! I hope you hang around. We need the people to get this post up and running again.
So on that GBPAUD, that certainly looks like valid PA you have there. On the Daily chart thereās even a Bullish seeming Pin Bar. At least I think thatās a Pin Bar.
Perhaps you could make a judgment:
So after taking another look at the GBPAUD pair, Iāve noticed a couple more things:
1.) On the Monthly, it looks like the pair is actually in an overall Bearish trend. However, I canāt seem to get any data on my Tradingview chart past November of 2001.
It may just be the computer Iām using. Iām at work atm.
2.) The current Support āareaā at the moment seems to be between 1.89800 and 1.88300. This is both for Daily and Weekly use.
I have started a journal here for my own trades based on price action which may but likely not interest anyone.
http://forums.babypips.com/trade-journals/79310-new-swing-trader-journey.html
Good stuff so far. Iāll subscribe to that thread.
Iām noting that some of the trades youāve legitimately taken havenāt been talked about.
Well, I noticed this from your 2nd post in that Journal thread. You talked about EUR/USD, GBP/USD and USD/CNH but then you took a trade on the USD/JPY and EUR/JPY. No explanation behind those trades.
I was just curious the reasoning behind those trades is all.
I should probably be posting this on that thread lol
Thanks for the feedback. Much appreciated and your comments on my journal page, I will take them on board to be a bit more snappier in my assessments.
Also well spotted on the question above. These trades are the reason I started using a journal. When I looked at them the next day I could understand why I put them on. They didnāt make any sense. Thats when I realized I needed to be structured and writing all my thoughts in the journal helps with that. Hope this explains why there was no commentary with those trades.
so Ideasonscribe asked for some more information on why im making a trade etc. Bearing in mind Im very much a noob happy for peoples opinions.
I looked at the USD/CAD tonight. Im looking for sell options as the Weekly has been on a massive downward trend for couple of months and broke its upward trend line very strongly. (See bottom chart green line) The daily is showing a contained down ward trend as well. (Top left chart green lines). Everything is saying sellā¦ however i havenāt.
Main reason risk management and stop loss. without wanting to be fake stopped out, my stop would need to go on the top green line on the daily chart (see orange line) if i do that i am not sure the pair has enough legs to at least double the risk. The red line on the daily is showing potential support toward the left hand side.
Because of these reasons ive decided to back out of this trade. I will keep an eye on the pair but not going to enter right now.
any thoughts? am i nut case? anyone else looking at these pairs?
Read more: http://forums.babypips.com/trade-journals/79310-new-swing-trader-journey.html#ixzz43fwkGOrW
There are two things driving USDCAD lower, First is US Fed leaving interest rates at current levels indefinitely, Second is oil prices may have hit a bottom and are starting to rise. As long as these two driving forces remain intact USDCAD has a long ways to drop. I would to short on any pull back
USDCAD that stop lost would have been over 200 pips, i will wait and buy long when it reverses. It is showing sign of it
How interesting. (Well in a really geeky actually I guess to a normal human not interesting at all kinda way)!
Two responses and two very different opinions.
Denis3450 - Iām trying to keep sentiment out of my analysis at the moment. Therefore you maybe right but the charts donāt support me entering right now.
Tonyr044 - Iām not seeing any kind of reversal. Can I ask what your seeing to suggest it?