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    Page 115 of 126 FirstFirst ... 110 113 114 115 116 117 120 ... LastLast
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    Thread: My Divergence Strategy

    1. #1141
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      Demo trading can be a boring adventure to be honest especially when you are a newbie and all you need is money to take care of urgent needs, all you will be interested in at this stage is what can make the money start flowing in, I want to believe that this mindset is one of the major reasons we should stay away from this market if we are under any financial pressure.

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    3. #1142
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      Quote Originally Posted by simisola View Post
      Like someone once said sometimes ago, the only thing that is certain in the forex business is losess, it is so easy to make a loss and highly difficult to get profit from the market, you won't be doing the right thing by believing that you are not susceptible to losing, that is a misunderstanding which many traders often find themselves and this is inappropriate.
      This calls for caution so that we won't get into unnecessary losses, we need serious mental preparation to succeed in this business.
      Quote Originally Posted by maximum View Post
      Demo trading should not be seen as boring, it is the very first place to start learning and practicing how to analyze the forex market and trade profitably, if you think demo trading is boring loss your investment in forex when you have no fund or other means to refund your account then you will understand that you really have to do alot of work in demo before attempting to trade live account
      Demo should never be seen as boring because that means we have already made up our minds that we won't learn through it, this could be disastrous.
      Quote Originally Posted by FlyingShark View Post
      Anyhow you see it, an act of war like, the bombing in Syria should be treated with extra caution in forex trading. I had the same idea (big gap), but it didn't worked as I thought it could, but my absense kept me safe. Anyway this is about making money and about protecting your account by counting the possibilities. We all make mistakes and we should not have biases.
      The gap was anticipated but I don't believe the war has so much effect as to result in it, that is why everyone is calm.
      Quote Originally Posted by sonibark View Post
      @ theomilli brother that's is the beauty of forex and what makes forex to be More interesting, believe me if anyone has the ability to predicting the market with 100 percent accuracy then the market would have crashed by now unless no one knows about it. But there is no one with such ability, and we all have to work hard to make good analysis of the market just like the professional trader's but the difference with them and us is the experience
      If anyone had the ability to predict the forex market 100% then the rest of us would have been in serious trouble.
      Quote Originally Posted by shahidmehmopd View Post
      Using of SL:TP ratio is a professional way of trading and helps a lot to improve our money management and we built our account gradually. Market may change its movement at any time due to uncertain factors, at that if we are trading with SL:TP then we may be able to save our capital and also can get reasonable amount of profit.
      Take profit and stop loss enable you to get a good profit from the market without losing what you have previously made, so it is very important that we know this.

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    5. #1143
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      Default New GbpJpy Setup!

      Dear fellow traders, I have found a good setup on GbpJpy pair where it formed bearish divergence on H4 time frame and also it formed bearish divergence on H1 time frame as well, setup is looking pretty solid to me so lets see how it goes.
      Attached Images    

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    7. #1144
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      Quote Originally Posted by Leonvic90 View Post
      Demo trading can be a boring adventure to be honest especially when you are a newbie and all you need is money to take care of urgent needs, all you will be interested in at this stage is what can make the money start flowing in, I want to believe that this mindset is one of the major reasons we should stay away from this market if we are under any financial pressure.
      I agree with you. When i was new in this market that time i feel too bore on my demo account. I was not spend long time on demo account. But when i start my real trade with my real investing that time i feel why we need to use demo account for longer time. I was lost lot of money on that time. Now i am using demo account continuously. Because only demo can help us to be good trader without losing our own money.

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    9. #1145
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      Quote Originally Posted by Leonvic90 View Post
      Demo trading can be a boring adventure to be honest especially when you are a newbie and all you need is money to take care of urgent needs, all you will be interested in at this stage is what can make the money start flowing in, I want to believe that this mindset is one of the major reasons we should stay away from this market if we are under any financial pressure.
      If you made demo trading to be boring to you, you will not enjoy it, and you might not be able to get all the information needed by it. That is why we should be forced to love the demo trading, it is the real account that will help us to learn and fully understand the trading strategies we will be using to trade the market. I think that we should be so patient with it, that is how we will make something good from it. And the best part of the demo trading is the way traders will not lose real money when they are training with the real market, this is a great opportunity.

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    11. #1146
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      Quote Originally Posted by zahidmehmood View Post
      Dear fellow traders, I have found a good setup on GbpJpy pair where it formed bearish divergence on H4 time frame and also it formed bearish divergence on H1 time frame as well, setup is looking pretty solid to me so lets see how it goes.
      The gbpjpy has started forming a reversal on shorter time frame like the H4 and H1time frame can clearly show this, we can see that as price reaches the highest region of last week today it is forming a reversal not being able to break pass that highest region yet. On D1 time frame the reversal is not yet confirmed and I personally think that jpy has not strengthened yet to be able to see the pair sell except GBP become weaker. So am going to be patient and wait till I see more confirmation before I would sell the pair.

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    13. #1147
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      Quote Originally Posted by Oriakhiebillz View Post
      The gbpjpy has started forming a reversal on shorter time frame like the H4 and H1time frame can clearly show this, we can see that as price reaches the highest region of last week today it is forming a reversal not being able to break pass that highest region yet. On D1 time frame the reversal is not yet confirmed and I personally think that jpy has not strengthened yet to be able to see the pair sell except GBP become weaker. So am going to be patient and wait till I see more confirmation before I would sell the pair.
      Well currently it is running in 20 pips profit so lets see what happens but I believe that it will fall at least 100 pips because the divergence on H4 and H1 time frame is very good but I may be wrong in my analysis, will see the result yesterday.

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    15. #1148
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      Quote Originally Posted by maximum View Post
      Demo trading should not be seen as boring, it is the very first place to start learning and practicing how to analyze the forex market and trade profitably, if you think demo trading is boring loss your investment in forex when you have no fund or other means to refund your account then you will understand that you really have to do alot of work in demo before attempting to trade live account
      If the demo account is considered boring by any intending forex trader that is an indication that he or she is not cut out for this market and is better off looking for other businesses that does not seem to be boring so to speak, we need to be passionate if we must survive this market.

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    17. #1149
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      Quote Originally Posted by Oghale View Post
      There is absolutely nothing like certainty in the forex business, anyone that is thinking about it is just waiting for the ultimate disappointment ever, market has opened and I did not see any gap in the gbp usd as suggested by a poster here, so I guess it was just a hunch that it might happen which unfortunately is not the case.
      and here come the very interesting part in the forex business trading . because when there is nothing left to be sure about then you need to rely on something you really count on like your strategy . the strategy that it takes a lot of time from you to develop it . now here is the real certainty .

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    20. #1150
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      Quote Originally Posted by zahidmehmood View Post
      Well currently it is running in 20 pips profit so lets see what happens but I believe that it will fall at least 100 pips because the divergence on H4 and H1 time frame is very good but I may be wrong in my analysis, will see the result
      yesterday.
      It's good to know that your sell position on gbpjpy is running on profit already, I can see that the pair is struggling currently in 153.72 region, the resistance there seems to be holding but no one is sure if it will hold as price is climbing to test it again. I would say that you took a quick one on the pair, if it's me I would kindly take my small profit because the downward trend of gbpjpy is not yet confirmed.

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