THE POWER OF 10 SMA.

In Forex there are certain indicators you can not do without, whether they are lagging or not.One of them is 10 sma. Now see what am talking about below. At least this a prove that i walk the talk and talk the walk "smile" i have been on this trade ever since the price closed below 10 sma . Remeber i said the S is smoothed not simple. Here we go.

Have a good trading day.

I will see you right on the top

CORRECTING YOUR MISTAKES FAST

Forex is a business  where you cannot afford to make mistakes  and not be hurt badly. Mistakes in other kind of businesses  may not be as devastating as that of Forex. How do the mistakes com ? It happens when you place a trade thinking that it will go your way only for you to discover that you have made a mistake and Mr. Market has decided to go against you at the end of the day ? At this point what do you do?

Do not,  i say do not try to allow the trade to run thinking it will reverse back. It might take all your money. Many traders have gotten their fingers burnt this way and their account totally wiped out.
How do i mean? Stop the trade and take your loss, everybody losses in Forex especially if you trade CHF pair. (Am going to be discussing the characters of some of the major currencies  in future) .

You can as well re-enter the trade to recover some of your losses. This happens all the time in Forex so yours will not be an exception.

See You At The Next Level

FOREX REAL DEAL (10SMA)

When I wrote about the miracle of 10sma. I know you must have been comparing it with the daily time frame that you have on my  blog. But you should remember that I said I don’ t trade intraday as such unless they fall  in line with my trend on a monthly Time Frame. So if you want to trade 10 SMA successfully just trade it on monthly T.F only, it is more reliable. Now  let’s quickly go straight to monthly chat to see the reliability of 10 SMA.

You can go back to several years on several other pairs ,but please strictly on Monthly T.F.

This system has never failed on pull back.This what the institutional trader are using and that is why they don't trade smaller T.F. If you can do the same you will always be a winner. Love you all  .

See You At The Next Level

MY FOREX MIRACLE (10 SMA )

This morning i like to talk about what i called Forex pips miracle. It is a miracle because it works like miracle. If that is the only strategy you know how to trade you will make a lot of profits and that is why i call it Forex Miracle. What am talking about here is Smoothed Moving Average. Just add it to our chart.And just wait for price to break the SMA up or down. If the price breaks the SMA up just wait for price to pull back to the SMA , wait for the pull back candle to close and wait for the next candle to close above the pull back candle, after the close the next candle pull the trigger without second thought.

 Remember this is just for the purpose of education nothing in Forex is cast in stone. So if you decide to trade with it it is you responsibility.

 Now lets see and example.

In my next blog i will tell you how you can take profit and trail your stop .

See You At The Next Level

TAKE PROFIT ON EUR

Am here because i needed to quickly tell you to take profit if you are shorting on EURusd. Why? Now let's go quickly to the chart.

 

You remember i told you i was going short on EURusd. (Read my article on Short on EURusd). Just in case you took the trade with me. Take profit and let's wait to see what happens after the break of the support level. That is at 1.35249 price level.
For me am taking 50% of my profit and waiting to see what happens tomorrow. If the price level is broken we wait for a pull back continuation..
Rememeber this always. 'Patience is the key to success in Forex.'

See You AT The Next Level

WARREN BUFFET TRADING RULES

 WARREN TRADING PRINCIPLES


1. IF YOU DON'T UNDERSTAND IT DON'T DO IT


2.IF AM INTERESTED IN A COMPANY. I WILL BUY 100 SHARES OF ALL ITS COMPETITORS TO GET THERE ANNUAL REPORT.

3.THE TRICK IS WHEN THERE IS NOTHING TO DO, DO NOTHING.

4.WHEN WE SEE SOMETHING THAT MAKES SENSE, WE ARE WILLING TO ACT VERY FAST AND VERY BIG


 These are just some of his rules which when applied could make sense to your trading.

Since there is nothing to talk about today, i will like to keep my mouth short.

See You A The Next Level

STILL SHORTING ON EURusd

In the article i posted at the beginning  of July i said that EURusd will go south this month. What that means is that if you have to trade on EURusd for this month, even as an intraday trader only look for the opportunity to go short. That does not mean to say that there will not be opportunity to go long but the best shot for you to take  will be to go south. Let's see the weekly time frame and what is happening with it.

See how it broke the T.L and the  support at 1.3693 price level. Again it has pulled back to the support making it a ,level of resistance. and it has started to pull back to the south after bouncing off the level so whatever happens I will continue to go south. This is my opinion and its not for you to trade with. Just decide whatever you do is your responsibility.

And I will See You At The Next Level