SHORT ON ERUusd TOMORROW

My view on EURusd . The pair may want to rest tomorrow. It may go down south , so if am going to do anything at all for tomorrow . I will go south with what i have observed with 4HR T.F.

This is not a recommendation for you to trade  this is purely my opinion which  is not cast in iron.

Just be careful.

STILL ON EURusd

We are still studying EURusd because we have been waiting for the pair to breakout to the North knowing that once it breaks out we are in for a very long haul So let's go to the Daily chart to see what its doing.

Now look at what it did today. the price went with such a force to break 23.6 fib level , But it couldn't.
Now two things may happen tomorrow. The fib level may become a resistance and the price may return and pull back to1.36380 to gather momentum to break that resistance. So until it does that we have to wait not minding my indicator  So we are not predicting anything. until tomorrow. Again we have to be patient.

Tomorrow we are going to be analysing another currency. So until then

I will wait to see you at the TOP. See you there

MY FX MECHANICH WORKSHOP

I just feel like letting you see what is happening in my Forex workshop this morning .No comment
All the Forex mechanics are shoe on both EURjpy and usdJPY although we have started trailing the stop.

Just a quick one. see you latter

FOREX STRATEGY

While waiting for EURusd to wake up from its slumber let me quickly explain one of the best strategies you can use to make millions of dollars in Forex. Without wasting your time  let's ride on.

Always look for a pair of currency that is going up on one currency and  going down against another.
For example if EURusd is bullish and EURjpy is bearish on either of the Time Frames for instance on daily T.F. The best way to trade this is to go short on USDjpy, WHY? 
Let's see it this way EUR is very powerful  but inspite  of its power, it can still be beaten up by JPY, then JPY must be so powerful to beat both EUR and usd. But then the easiet one to handle or beat is the USD which is the weakest so for JPY to win the battle easily he will go for usd. That is the simplest way to win 90 % of the time in Forex.

Check Examples below
This is eur going down against JPY

This EUR going up against usd.

Because JPY is powerful that both usd is down against JPY. (Ou rbest  trade)

 

 

 Check what USDjpy has been doing since since yesterday. It has moved beyond 30 pips

I like working with Daily charts. I have been on that trade EURjpy and am still in it.
The above is my demo on live an on both USD.EUR/jpy

Oh Shit.
I just discovered i have revealing my trading secrete  to you. Anyway That is my gift for the readers of my blog. You can as well drop a comment if you have one.

Best of luck and See You At The Next Level.
 

FOREX CALCULATION

Did you read my last article. In the article I told you there was  the likelihood that EURusd will retrace and i remember i also told you where to take profit just in case you went long. Anyway make sure you read the last article before reading the latest one. Now let's see what is happening. This Morning we will look at the 4Hr Time  Frame to get a smaller Picture of what is happening.

In the chart above you will see that the price is pulling back to retest the trend line, it has already started retracing . So again we have to wait to see the reaction of the price aroung the trend line to know where we are going. So you need to be patient again. OH did i hear you say not again, oh yes you have to wait one more time.QED

Wishing you a profitable day.

Hope to see you at the NEXT LEVEL

MR. FOREX HAS CHANGED HIS MIND ON EURusd

Let me quickly bring the chart of EURusd below so you can see what is happening.

Have you seen what is happening our patience is really paying.  The price has decided to jump out of the trend line. Well for me it is not yet uhuru . Why ? O.K Let read the mind of Mr Market now, The price might go up to 1.36403 and comback to re text the trend line before deciding top break the resistance. So if you are long on this trade just take 50 pips and wait for the next reaction. For me am still waitng. This is purely price action and am sure the sharks are also waiting for the kill.
So continue to be patient until the right time.

See You At The Next Level.

MY EURusd CONCERN

Perhaps you have been asking yourself a very important question. What is this guy's business with EUR?
Now let me tell you . You see when Eur is not moving. It will affect the movement of every other currency.
You will observe that from the beginning of the week every currency has been consolidating. Why becausee EURusd is key to the movement of every pair.

Now let me tell you a little secret. Whatever affects EUR will affect every pair with CHF 95 % percent of the time. Please take note of this. Now for the EURusd i told you to be careful yesterday because of the trend line. Again we have to wait till tomorrow to see whether the trend line will be broken.  Otherwise stay away from that pair.
The thing is Forex is fashioned in a way that EURusd is the propeller that moves other currencies. And until it moves i might not be trading any other pair for today. Just check the daily T.F to see what its doing today.

FX BREAKOUT

I want to draw you attention to what EURusd is doing this morning. You will see the breakout pullback continuation is taking place, that leg is not complete until it breaks the TREND LINE( note the RED LINE.) Now this is what we are doing. We wait till tomorrow because it might not break the line today. It has reached that line already if it eventually breaks the line it might retrace, form hammer or spinning top or form whole body so we are not certain. This is one of the reasons am not trading on daily today 
Am watching like a cat to shoot like a snipper. So again we wait to see what will happen tomorrow.  Just in case you want to risk, take your profit before the Fib level 61.8.
If you watch properly am on this trade on demo not with my real life account hoping that it might break the resistance. When your price gets to support or resistance you don't hope you wait. for the breakout to happen. QED.  Can you now see the patience am talking about.

NO 1and 2 RULEs IN FOREX

The no 1 rule in Forex is never ever trade against the trend. When the trend is up look for opportunity to go up.And when the trend is down look for opportunity to go down.
It is like jumping out of a moving train you may never live to tell the stories. If the trend is going to change allow it to start running in the new direction before jumping in.
''Swim with the tide and not against it, You may get hurt.''

The no2 rule in Forex. Never trade technical in a smaller Time Frame during the News. Fundamentals don't respect the technical  during the news especially in a smaller Time Frame. I advice people to stay away during the news if you can't trade it

My stop loss was hit on EURusd yesterday buy recovered on USDjpy. Am staying out of the market today and will only allow my monthly and weekly trade to continue running.

See You At The Next Level

THE MIND OF MR MARKET WITH EURusd

Did you see what Mr. Market has been doing with EURusd this morning. It pretended it was going up and all of a sudden it changed its mind to start going down. However on the weekly T.F its showing retracement. Now if i read his mind correctly i think its not coming back up so i have decided to short on EURusd just for today. On the weekly i will like to stay quiet until tomorrow.

Le's see what am talking on the chart below

                                     
  
I also advice you go short on USDjpy. We will talk about this latter in the day.

Enjoy your day.
I will be at the top when you come calling. See You There

MR MARKET

I hope you had a great week? Well for me a slightly profitable week though my long term trades are still running. I told you in my last article to beware of going long on GBPusd . I almost went against my rule. How?. I decided i was not going to have anything to do with GBPusd. But when i saw the movement i though i shoul quickly take some pips. But i changed my mind and it paid off.

The last rule in Forex is never break a working rule. That's my own rule anyway.
I also told you to wait for the pull back on EURusd on daily T.F. (read my past articles).
 Now if you read the chart below very well we cannot precisely tell the direction of EURusd. It might break the support or move up and  break the red trend line. So we are still going to wait before we decide where to go.

Read the chart below and see what you can make of it.

See You At The Next Level

HOW TO FIGHT RETRACEMENT IN FOREX

Retracement  in Forex is the worst consumer of pips. It can consume the entire profit you made in a whole month.   This is why you need to know the ATR of each of the currencies. especially if you are a day trader. Although it happens in a higher T.F too  just like it did with EUR/usd today .If you read through my post you will see that i said i have taken some profits and am leaving some to run.  It was because of retracement.

Now this is what i do . Usually when am day trading, I trade between 3 am and 10 am GMT . As early as 8am  i take profit and allow some to run with a trailing stop.  Or i take my profit when i see my arrow appear in the opposite  direction of the trade, not the trend, on a lower T.F . Every trend retraces .
Once the ATR is reached for the day you can never predict the extent of the retracement that was what happened with EUR/USD today. And this why i advocate patience.

So how do you now fight it? Once you are conversant with the ATR of the pair you are trading. Please don't be too greedy take 50% profit and allow others to run on trailing stop. I hate giving back profit because Forex is nasty you may never regain lost grounds.

So please take note of these lesson its very important .
See You At The Next Level

 N.B-------Please be careful of going long on GBPusd It may likely rest tomorrow before resuming the Northward movement.

EUR/usd

If you read my last write-up you will discover that I said that we should wait for price to break 1.39516

I had to monitor the EUR/usd till about 3am. As soon as it broke the price level I went to 1hr T.F to look for an opportunity which I took immediately .Though I have taken the profit for the day but still in it .

Now remember I said we will wait to know if there is going to be a pullback before taking the trade. So we are going to wait till tomorrow to see if there is going to be a pullback to go long. Remember I told you that Patience is a virtue in Forex  trading. If you cannot wait for the right time you will continue to lose in Forex . You should learn to wait patiently even for days . See when we have been waiting for EUR to break that price level .  

George Soros says ‘’when there is nothing to do , do nothing’’ . This is the rule that I follow in every area of my life and it has helped me in Forex.

See the Daily and 1hr chat above It will help your judgment on your next trade 

See You At The next Level

PRINCIPLES OF SUCCESSFUL TRADING

 WHAT YOU NEED TO KNOW ABOUT EVERYTHING INCLUDING FOREX TO SUCCEED


Am not going to say much about Forex today but on what you need to know to succeed in all areas of life including Forex. I learnt this principle in one of the trading books i read and i wish to share  them with you.

Now let's ride on
1. '' Know what you are doing.''   Bejamin Graham

2.''  The market like the Lord,helps those who help themselves. Unlike the Lord, the market does not forgive those who know not what they do''.Warren Buffet


3.  '' Don't do anything until you know what you are doing.'' Jimmy Roggers

Please arm yourself with these principles before trading in Forex and by extension whatever you want to embark upon.

Meanwhile prepare to pull the trigger once EUR/usd breaks 1.35916 on daily T.F . One it is broken i will let you know whether we need to wait for pull back or ride with the Sharks

See You At The Next Level.

RE-ENGINEERING

NEVER ALLOW LOSING TRADE TO RUN IF YOU ARE NOT SURE IT WILL  TURN BACK

In my first post i told you the job of a mechanic. They repair and that was what i quickly did in the morning with EUR. Once you discover your vehicle has a mechanical problem, you take it to the mechanic who will carry out a repair. I woke up this morning to see that i have misread the EUR/usd.I had to do a quick repair and that it paid off. That is the way to trade. Once you see you are going the wrong way the best thing to do is to accept you mistake and correct it. Don't start thinking it will reverse over time. That is not the way to trade Forex. That is the way i trade . There is no hundred per cent certainty in Forex.

I was able to recover my loss and made little gain. on EUR/usd. I went short as soon as i closed the losing trade. On the AUD/usd i closed the pair taking 30 pips. Okay for day trading. well i hope you did the same thing,

I hope you saw  i went long on USD/cad  well on the monthly its still running but on the day  trading i have closed with 12 pip.
Unfortunately i can only show you my trade on demo. But what i do on demo is what i do on live trade.

Enough for now.

See you at the next level

                                                           

UNCERTAINTY OF EURO

Right now am closing all my trade on euro I think it will continue with the downward trend for the rest of the day unless something happens. I misread the chart. It retested that price level and could not break it So please if you are trading it at all go south (sell) on the daily

see what is happening in the chat and take note of the yellow line Until it breaks that price level the price will remain in the south though for a short period. If you are a day trader please close your trade on AUD/usd it might start retracing any time from now.

Best of luck

                                              DID YOU MAKE ANY PROFIT TODAY?

I posted the comment below at exactly 7.43 (check the time yourself) . I told you AUD/usd will go up but will end down south for the day. I think the highest probability is that the downward movement will continue today.

For the Eur/usd am still recommeding you go  long . For the GBP/usd,  let me see the chart just give me a minute. Oh thanks for your patience am back. I think you should just stay away for today the 17th June 2014.

Now remember this is not cast in iron am only giving you  this for the purpose of education. So dont hold me responsible for anything. Now just look at the chart below it will give you an idea of what am talking about.

See You At The Next Level.

Well pix speak louder than voice.

                                                            

AUD/usd

This pair will temporarily go up, may be for four to eight hours today before resuming southward.
on the one hour and four hours the trend is up. But on daily there is strong indication that it will end up down.

That is what i see happening temporarily. But for my killer T.F, that is monthly T.F , i still believe the trend is up.

Now for GBP/usd . There is strong indication that it will soon start temporary southward movement before resuming North again.

I strongly recommend  that you go north on EUR/usd.

So be that as it may i want you to know that forex is a very risky investment and you should not invest more than you can afford to lose. Past history may not be a guarantee for success .

Please don't forget to see me at the next level.

                                        




                                          HOW MUCH PROFIT HAVE YOU MADE

If you are wise enough you would have been making some profits by now. How do i mean ?
Since i last posted the monthly chart i expected that you would have read the chart properly and would have been making profit by now. Now if you studied  the chart properly . You would have known that AUD/usd will go long for a very long time probably in the next one year. It is as simple as that . I like to keep things so simple and Forex is the simplest way to make money. If you are patient enough.

 Now what you will do is to go straight to the chart and study it, but i will advice you don't jump into the market yet go to weekly and watch out for pullback but i don't think there is any for now so you can just swim with the shark.

The highest probability according to my indicator is that the trend is up.

Hope to see you at the next level.

90% Winning Strategy

                                    I Bet If You Are Patient You Will Profit 90% Of The time

Sorry its been quite sometime now. I have been very busy studying and training people on Forex.
I love Forex so much because once you know what you are doing (emphasis on what you are doing) you don't need to engage in 247 job. Well i need to proof to you that i trade what i teach and i teach what i trade in Forex. So to proof this i have brought in an evidence of some of the trades am doing. Because my pattern also work in smaller time frame. So let's go there.

I brought this chart so that when am explaining you will understand what am talking about. I don't know what you are able to deduce from the previous graph i posted. But let me quickly explain how it has been working for me.
Now there in an indicator i use to determine when trend start  'nothing difficult', once the trend is established i wait for the pull back and also wait for the the price to return to  close on the wave , then i will pull the trigger. Simple as abc. That is the way it works in all time frame. Now can you see how the wave and the price have been pulling back and going back up. this is why i said you must be patient no matter ht T.F you are trading in Forex. Don't trade the pull back be sure to stay with trend.

If you study the monthly T.F i brought before you will also notice the pull back and continuation pattern happening around the wave.
For 90% profit monthly T.F is the most reliable T.F in Forex.

Well i will be waiting for you at the next level see you there. Let me know what you feel

PICTURE SAYS A LOT THAN WORDS

                                                         See What Am Talking About



 
See am not going to say much. The assignment am going to give you is to analyze the Forex chart below.
If you can read the chart successfully then you are on your war to trading forex successfully.
You can drop comments if you like. But what i really want you to do is to figure out how you think you can use this Forex chat to your advantage. I reserve my own comment for now. but definitely the next time i come to this blog. the  only thing am going to do is to explain the Forex chat below.


Love you all byeeeeeeeeeeeee