Oh dear, 666 people are following on MySpace - btw, myspace is not dead, apparently. I wonder if this is not a bad omen of some kind.

order buy 2.98 USDCADmicro opening at market sl: 0.00000 tp: 0.00000 failed [Market is closed]

market was not closed. Anyone else experienced strange things like this with XM.com?

The F$%K-IT point.

I wish I could reach it faster, especially when trading forex. It could save me some stress.

[youtube https://www.youtube.com/watch?v=lTXXjequYLY?feature=oembed&enablejsapi=1&origin=http://safe.txmblr.com&wmode=opaque&w=500&h=281]

video demonstration for this free indicator http://free.robotfx.ro/post/135366374046/robotfx-stochastic-alert

(Source: https://www.youtube.com/)

GBPUSD

I was planing to go to the beach a little, but it is to much to drive… oh well, you guys enjoy your weekend better than me.

Have fun

GBPCHF

talking about all those forex experts out there, giving advice and helping new traders :)

GBPUSD

Trends are changing?!

I had no trades for today… none. Looks to me like the trends are changing for all the pairs I’m trading. So I’ll just wait and see, I don’t want to risk picking up tops or bottoms.

[youtube https://www.youtube.com/watch?v=2dzp3oZ_Feo?feature=oembed&enablejsapi=1&origin=http://safe.txmblr.com&wmode=opaque&w=500&h=375]

Lovely song

(Source: https://www.youtube.com/)

Two boxes met upon the road.
Said one unto the other,
“If you’re a box,
And I’m a box,
Then you must be my brother.
Our sides are thin,
We’re cavin’ in,
And we must get no thinner.”
And so two boxes, hand in hand,
Went home to have their dinner.

by Shel Silverstein - you got to love the simplicity of his style.

Decisions, decisions

Friday didn’t close so well. A few trades remained opened and the AU basket still didn’t close. Not to good, but not so bad to destroy my weekend.

Have a nice weekend, everyone.

How to Calculate a Stop Loss using Excel

I found a video entitled like this on Youtube. Dude, seriously?!

This is why many traders fail, because they have been taught that their trades must have fixed SL, TP etc. The markets are much more fluid than you think. You cannot ‘predict’ the stoploss or the takeprofit no matter how many calculations you make. You can, at most, estimate them… which case you do not really need so many calculations. Better focus your time and mental energy on something else.

I’ve managed to watch 30′ of that video, BTW.

RobotFX OCO News | RobotFX

I’ve made some calculations :)

With the 10% discount from the discount page and the 25$ bonus from Payoneer, this EA becomes almost free. Well, less than 10$, anyway.

RobotFX OCO News | RobotFX

robotfx-fluid:

EURUSD

Now this is how to manage a losing trade so it will always be in profit. And this is exactly what the RobotFX Fluid EA does.

Those 95% losers in the forex game are losing mostly because they do not know how to manage a losing trade and they either use a stoploss or wait and hope until it is to late.

In this picture I entered long on EU at the wrong moment. The price dropped soon after. Instead of panicking and closing the trade, I opened a short, double the size of the long. This way I was covered if the price would have dropped further. The price dropped indeed, triggering the BE for the sell, but then rised again, closing the sell at BE profit (1 pip).

Even better, it continued with the original trend, so eventually the long trade close in profit, too (28 pips). And so, one losing trade became 2 winning trades. Only thanks to the RobotFX Fluid EA.

EURUSD

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Looks my idea to change from renko to candlesticks was not so inspired after all. USDJPY didn’t drop further and decided to consolidate a little, eventually hitting my breakeven.

It could have been +70 pips on the renko chart.

Oh, well. At least I ended up with +1 pip and not -1.

USDJPYmicro

Finally price dropped and BE triggered, so I think I’ll let this run on the candlestick chart. I’ve only used the renko to optimize the entry… hopefully I’ll manage to optimize the exit, too.

I’ve been waiting for a while for this to drop, but seems like it started to consolidate. Hopefully the trend won’t change.

GBPUSD

Harry Potter and the Sorcerer's Stone

What to do when you can’t sleep?

Watch a children movie… again :)

Harry Potter and the Sorcerer's Stone

GBPCHF

I have a few blogs that are keep getting locked from Blogger. Not that I break any of Google’s rules, just because Google doesn’t want to pay someone (read: “real people”) to check these blogs and relies only on bots.

So I keep appealing this but nothing happens. In the end, probably thinking that I’ll forget about the eventually and never appeal again (which will lead to automatic deletion), Blogger increase the appeal time to 3 months (from 20 days).

And this is how they they solved my issue. Now all they have to do is wait for me to forget about these blogs :)

Google sucks!

Payoneer brags to offer 25$ to the new customers registering from a referrer link. I don’t know how real this is because I’m new to Payoneer, but if you are interested, use my link - this way to both earn 25$

:)

USDCHF

GBPUSD

Every time I open the linkedin website I see this… and every time I have to write it again. You know what? Screw linkedin too

RobotFX OCO News

A friend of mine is asking me about the 

the winning percentage of this EA. I would like to make 2 statements, both of them equally important for saving your money.

1. Trading is an individual skill. What works for some traders may not work for others. That is why you see so many trading strategies on forex sites like FF and so many arguing discussions about their results.

2. If someone/anyone is trying to sell you a certain forex product and guarantees for a precise winning percentage or amount of money (earnings), turn around and run away. It is most likely a scam.

RobotFX OCO News

[youtube https://www.youtube.com/watch?v=Q8xI1CWllAA?feature=oembed&enablejsapi=1&origin=http://safe.txmblr.com&wmode=opaque&w=500&h=281]

And now. from the same “Paypal Sucks” category:

How to get your Paypal account locked

…can you trust your business and your $$$ with these guys now?

(Source: https://www.youtube.com/)

GBPUSD

That should be one of the best example about why people are losing in forex: overthinking and imagining things. Some dude on InstaForex is advising traders to look for buy, despite the obvious downtrend that we have and the nice channel that he-himself drew. Now, let’s analyze this a little:

1. The broker says BUY - at this point you don’t even need to analyze, just do the opposite: SELL  :)

2. We have a downtrend - I suppose we should sell, right?! (rhetoric question)

3. See the down channel? Price is on top, you should sell, right?! (rhetoric again)

4. See the higher-low formed?! Means you should sell.

5. RSI overbought = sell.

6. Why wonder “what if” and wait for the head-n-shoulders that might never happen? You have a sell signal NOW.

Even if the price moved up, and the trend changes - as this guy is trying to make you think - it would mean that he wants you to pick the bottom of this downtrend, which is a dangerous thing as you probably know. Further more, IF the price goes up and this “analyst” proves to be right (by pure luck ‘cause everything he says makes no sense whatsoever) you can wait for the second higher-low to form to enter long, after you will be sure that the trend, indeed, changed and the price is rising.

PayPal Secrets & PayPal Information You Didn't Know!

In the end, the only way to fix our paypal ‘issue’ was to get rid of paypal and move on to another online payments provider. I’ve re-sent them the bank statement so they can finally unlock my account, but still nothing… silence.

I bet that they have a nice email filter set only for me that sends all the messages I send them straight into the trash can. As I stated in another post, they became to big to care.

Screw paypal!

PayPal Secrets & PayPal Information You Didn't Know!

USDJPY

Come on, Paypal, stop sucking and check my account issues. Or are you to big to care anymore?! Forgot your first business days when you were luring new customers with 20$ gifts?!

FYI, Paypal locked my account exactly after I reported a phishing site. That was the “reward”. Never I will try to help again an ungrateful bastard.

Says Dwolla, completely ignoring the fact that they ARE the middlemen. Such a bunch of retards.

BTW, they are supposed to be some kind of Paypal, Skrill etc.

The nerve of some people!!!

If they want to advertise their products on my videos pages, they should at least write a few good words about my video first, right? :)

…meanwhile I’ll just keep reporting them to Youtube. Hopefully I won’t have to disable the comments because of them.

USDCAD

Thank you, Paypal, for trying to destroy my business.

That is why you suck.

Moving away to Skrill, probably.

It takes all kinds

Says someone on the biggest trolling site on the net, reddit.com:

“Yes, but you trade 0.01$/lot” - like that’s the reason I’m winning my trades. So I replied:

“I trade 0.01$ because I’m using a free 30$ bonus from XM, which btw doubled in one week. But wouldn’t the result be the same if I’d trade 1$/lot?! The strategy doesn’t change, you know?”

He didn’t agree with me.

Sometimes people are to dumb to be taught, no matter how hard the teacher tries to explain them. I’ve done my best with text, pictures and audio-visuals. If he still can’t understand…. well, some are just not traders. Go buy some signals form a ‘mentor’ lol

But you know, I’m no rocket scientist. And knowing that, I cannot even think about arguing with a rocket scientist. I’ll just take whatever he says for granted.

GBPUSD

lol

Since when ’-100%’ growth equals to ‘highly profitable trades’

Isn’t that like negative?! :) :) :)

Talking about the review sites and how they “review” these EAs

RobotFX Fluid Upgrade

The Fluid EA has been upgraded, but now it is to late to explain it. I will post tomorrow an explanation about the new features that this last version comes with.

Good night.

GBPCHF

RobotFX Trading Tools | LinkedIn

We are on LinkedIn now. Feel free to add as as one of your connection… the first one… no1 in your friends list ;)

RobotFX Trading Tools | LinkedIn

Nice pin for the candlestick analysts. Anyone entered long?

We were thinking to ask some professional site to review some of the RobotFX EAs. Apparently they don’t do that and probably never did.

What we thought to be a review page written by the MyFXbook team is actually an advertising page where anyone can publish their products for the right price. And, of course, anyone can comment whatever they want, good or bad. There’s no way to verify if the members rating/commenting an EA are telling the truth or even using that EA.

So eventually we decided not to throw the money on the window and to go out and have lunch, instead.

Conclusion:

DO NOT TRUST THE REVIEWS/TESTIMONIALS FROM ANY SITE.

RobotFX Donchian Channel MTF

The Donchian Channel MTF indicator can display the Donchian channel for any given time-frame which is higher or equal to the current timeframe. The trader has the option to set the timeframe of the Donchian channel and to choose whether the channel will be drawn based on the highs and lows of the candles or their open and close.

Above you can see the Donchian channel that corresponds to the H4 time-frame (240 minutes) displayed on the H1 chart.

Watch the video and download the Donchian Channel MTF indicator

Was planning to enter long, but unfortunatelly I already have a CHF trade opened and don’t want to double bet. Besides, there are the Prelim GDP q/q red news today.

[gallery]

That’s why I love renko bars sometimes. When would I have entered on the normal candlestick chart? Somewhere above the green hammer, maybe. Exactly the time when I almost finished the trade on the renko chart, already in profit 30-40 pips.

FYI the renko bars above are 10 pips and we have a nice and cheap renko bars expert advisor that can have bars size depending on the ATR value.

GBPCHF

Real time news

If you’re monitoring the ForexFactory website for the forex news, mind that there are other sites on the net much faster than FF. One of the is NewsImpact.

Another one is MyFxBook which also has a mobile version of its forex news service.

Real time news

Guppy template

The Guppy template is something I honestly don’t remember where it comes from. It is a candlestick template chart with 12 exponential moving averages (EMA) and can be useful to those still struggling to identify the trend.

Six moving averages are used to identify the main trend and other six to spot the swings in trend. Or you may also say that 6 EMA will get the trend for the investors - the long term traders, those maintaining the trend - and the other 6 EMA represent the day traders and the scalpers.

The main trend EMAs are from 55 to 30. The thick red line is 55 and thick green is 30; in between are 35, 40, 45, 50, thin red. As long as the 30 is above the 55 and the in-between moving averages are somehow parallel we have an up-trend. Opposite for the down-trend.

The other set of 6 ema are 3, 5, 8, 10, 12,15.

Watch the video and download the Guppy template

I understand (from reading the lame forex sites) that one reason traders close a trade or a basket is mental exhaustion. Basically they get tired of waiting for the price to hit their TP or SL.

Well, if you’re one of them, stop trading now. Really. If your mind can’t handle it, your body will not be able to execute it and in conclusion you cannot do it. In forex, you will lose money instead of winning, so why playing the game?!

Above is my opened basket on USDCHF. A few trades are opened. I have absolutely no problem leaving this over night. In fact, the basket is 2 days old already. As you can see, I’m hedging using the RobotFX Fluid EA.

I remember a good trader writings on the web, but not his name unfortunately. He was saying that if you cannot sleep (’cause of the opened trades) in the night, you should not trade. He was right. This “mental exhaustion” translates into your inability to do this… so if you cannot do it, don’t try to do it again and again.

Why none of the winning strategies on ForexFactory works for me?

You might have asked yourself a few times.

Well, strategies are born from an idea, an opinion. And we all know that “

Opinions are like assholes…everyone has one”.

Long story short. A forex trading strategy will serve the trader who designed it and maybe… just maybe a few other disciplined enough (or brainwashed, sometimes) to follow it without questioning. That’s because trading is a little more of a mental game than you may think.

Your perfect strategy has to be one built by you, for you. It must suit you and your way of thinking/trading. That’s why professional traders always say to stick to a strategy and improve it.

It is better to just pick a strategy, anyone, and try to adapt it for you… even if the result will be completely different, instead of changing your forex trading strategy every week.

Speeches and Articles | Bank of England

Carney prepares to talk in 3 h and 30 m. I didn’t see any trading opportunities for the GBP anyway, so I’m gonna give the pound a break today. Maybe his speech will trigger something tomorrow.

Speeches and Articles | Bank of England

RobotFX

I’ve been playing with the website’s template for a while. Gray and all the other cold colors seem to reflect the forex business perfectly :)

By the way, did you notice that we changed our logo? No more R2D2, now our image is the happy robot. It was an unanimous vote to get rid of the Star Wars robot, after we saw what Disney did to the movie.

No offense, dear Star Wars fans. The movie is still ok to watch, but it just doesn’t feel like Star Wars anymore :)

RobotFX

I can respect the fact that everyone has an opinion. It’s what makes us smart beings… thinking, which is.

But some people are so brainwashed that nobody can change their wrong opinions, no matter how hard they’d try to explain them. These people are not smart, they’re idiots. Maybe the word “idiot” comes from the person who has only one “idea” and cannot accept any others.

Long story short (again): HEDGING IS NOT MARTINGALE. Trust me, I DO HEDGE and I DO NOT MARTINGALE. They are entirely different. 

Hmmm… I’ve just remembered some guy on YouTube trying to demonstrate that the Earth is flat. HE is an idiot. With all the proof, he still believes the Earth is flat.

EUR/USD: Bearish: Modest target of 1.0710. EUR/USD held below the 1.0920 resistance (high of 1.0876) and the down-move did not move below the 1.0777 support. Downward momentum is improving quickly and the current weakness is expected to extend lower. That said, the characteristic of the downward momentum is not impulsive and we have a modest target of 1.0710. Only a move back above 1.0840 would indicate that the immediate downward pressure has eased. GBP/USD: Neutral: Bearish phase has ended. In a corrective recovery now targeting 1.4450. The break of 1.4305 last Friday finally confirms that GBP/USD has made a …

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD - UOB @ Forex Factory (@efxnews.com)

It always amuses me how they manage to find the exact S/R levels in the highest volatility market which is forex.

1.0777, 1.4305, 1.0876  … seriously?! Are you sure?

TMS trades

Having a trading journal can prove useful especially if you are new to a method of trading and you want to review the trades you made. This is my old trade journal, one I’ve started when I was experimenting with the TMS (trading made simple) method from ForexFactory.

Blogger, Tumblr and even Twitter could host your trading journal, as many other free online services.

I think that the journal should include a description about the reason you entered/exit a trade and MUST include a screenshot. If you have time to write, you could also write your emotions in there. It will definitely help you in the future, after you will review the trades and analyze your mistakes.

TMS trades

Money making machine lol

I’ve recently found some other RobotFX expert advisor, one built specifically for binary options (they say). It seems to be everywhere on the net and many sites are advertising it through their affiliate links.

I don’t want to sound like I’m bashing them but… something called “money making machine” should raise an eyebrow. A suspicious eyebrow, by the way, and not a pleasantly surprised one :D

Long story short, they could have a great product to sell, but advertising it like this… 

…more bout the forex news and how to trade them

Forex news and when to trade them

I found this list with almost all the important forex news as well as when to trade them. Hopefully will be useful for the traders trading the news. Cheers :)

RobotFX OCO News

RobotFX OCO News was designed to trade news events in an OCO approach. OCO stands for one cancels other and refers to the EA’s ability to close a pending order (or more) once the price reaches opposite pending orders.

Traders trading the news usually place two pending orders right before an important news event, a buy-stop and a sell-stop. During and immediately after the news the price is likely to move in either direction, up or down, therefore triggering one of the pending orders. After that, the remaining (pending) order is deleted.

The difference between RobotFX OCO News and other one cancels other experts is that RobotFX can place multiple pending orders at a distance of your choice from each other. Also, it doesn’t miss the other important features that any good EA must have, like stop-loss, take profit, break-even, trailing-stop.

As you can see in the picture above, the EA placed three pending orders of each kind, longs and shorts. Once the price will reach the first pending orders, the expert will close ALL the other opposite orders.

How RobotFX OCO News works

USDCAD

GBPCHF

EURGBP

EURGBP

GBPCHF

AUDUSD