The oil rebound could fuel the risk appetite, despite the US economic deceleration

The oil benchmarks can find it harder meanwhile to stabilize again below 30$ which is looking the price that could exercise the oil exporters patience.
The oil prices could be boosted by seen tries from OPEC members and non-OPEC members oil exporters to reach a compromise for cutting their productions.
From another side, Baker Hughes weekly report came to say that US Oil Rigs have fallen by another 12 to 498, after operating 1223 a year ago.
EIA said also last Friday in its monthly report that the US productions came down to 9.317m daily in November from 9.370m in October. The oil prices in November were well above 40$. So, this number can go severely down with January prices. From another side, the prospects of keeping the interest rate unchanged in US for longer time could support the energy and the commodities prices, after the preliminary release of US Q4 GDP had shown last Friday annual growth by only 0.7%, while the consensus was referring to 0.8%, after expansion by 2% in the third quarter and 3.9% in the second quarter of last year.
This GDP expansion deceleration pace can lead to contraction in this Q1 with the current harsh winter like what has happened in 2014 and 2015.
This weaker than expected figure of 2015 Q4 came after the FOMC had clarified earlier last week that it is in waiting and see stance for assessing the global economic slowdown and the financial development implications for the labor market, the inflation, and for the balance of risks to the outlook.
It is important today to wait for Jan Manufacturing PMI data from EU, UK figures and also US ISM Manufacturing index which is expected to make progress, after Jan Chicago Manufacturing PMI came by the end of last week to show rebounding to 55.6 from 42.9 in December.
CL Mar. 16 is now trading near $33, after extending its rebound from $27.55 to $34.81 which has been reached following breaking its previous resisting level at $32.80 which dragged the mixture down to form a higher low at $29.25.

CL Mar. 16 which is still well above its daily SMA20 is in its sixth consecutive day of being above its Parabolic SAR (step 0.02, maximum 0.2) which is reading today 28.76.

CL Mar 16 daily RSI-14 is referring now to existence in its neutral area reading 48.669 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region reading 75.959 with its signal line which is referring to 77.354 coming from the overbought area above 80, after facing resistance at $34.81.

Important levels: Daily SMA20 @ $32.10, Daily SMA50 @ $36.06, Daily SMA100 @ $40.763 and Daily SMA200 @ $46.96.

S&R:

S1: $29.25
S2: $27.55
S3: $26.93
R1: $34.81
R2: $35.57
R3: $38.37


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The oil rebound could fuel the risk appetite, despite the US economic deceleration

USDJPY is now in meeting with its daily SMA200

USDJPY surpassed its daily SMA50 and daily SMA100 to reside now for trading close to its daily SMA200 near 121.20, after the volatility which has been triggered by BOJ's decision to imply negative interest rate.

USDJPY rose to 121.40 directly following the decision, before retreating again to 119.11, whereas it managed to go with the new market discounting creeping up to 121.67 by the end of last week with improving of the risk appetite in the equities market mainly because of the oil prices extended rebound.

USDJPY daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 116.68 in its seventh day of continued being below the trading rate.

USDJPY daily RSI is referring now to existence in the neutral region reading now 64.980, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the overbought area above 80 reading 86.565 and also its signal line which is reading now 85.306.


Important levels: Daily SMA50 @ 120.33, Daily SMA100 @ 120.61 and Daily SMA200 @ 121.48

S&R:

S1: 118.48
S2: 117.64
S3: 116.45
R1: 121.67
R2: 123.74
R3: 124.61

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

USDJPY is now in meeting with its daily SMA200

The trendline resistance extension from 1.3992 to 1.1712 dropped EURUSD again

EURUSD has faced difficulty again to be above the trendline resistance extension from 1.3992 to 1.1712.

EURUSD which is trading close to 1.0850 is in meeting now with its daily SMA50, after failing to have a place above its daily SMA100.

The pair parameters are still referring to balanced situation having its daily RSI-14 in the neutral region reading now 47.727 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region reading 47.185 leading to the downside its signal line which is reading now 58.662.

The pair is now in its day number 12 of continued existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0763.

Important levels: Daily SMA50 @ 1.0849, Daily SMA100 @ 1.0967 and Daily SMA200 @ 1.1053

S&R:

S1: 1.0776
S2: 1.0709
S3: 1.0519
R1: 1.0991
R2: 1.1058
R3: 1.1098

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The trendline resistance extension from 1.3992 to 1.1712 dropped EURUSD again

Is this already created in excel or something I could use?

I am new to posting in here so I apologize if I have not read through the hundreds if not thousands of other posts and comments.

I am looking to find out if anyone has created an excel sheet that has the following series of information ( I have found one showing the RSI, Bollinger bands and CCI) in excel, but I am looking to find out if it is possible to find the the patterns created and identified by thepatternsite.com , with the ability to use with additional indicators a conditional format to buy or sell based off additional conditions.

Basically what I'm looking for is something I can't get out of my head which I posted on linkedin:

http://ift.tt/1WVH9lS

I want to trade, but I don't feel comfortable trading, until I can backtest my theory of different ifs, ands, ors, and/or buts concept effectively.

Perhaps I am just being lazy and not wanting to put in the time to reverify what I know by learning how to code (how long does this really take to learn effectively?), and prove my strategy to be effective without major losses then able to produce a template that becomes an autobot for me to buy and sell based upon pre-conditioned requirements I have established?

Thank you for your patience, time and understanding.

I am currently trying to use tradingview.com to learn and backtest the method, but once I have become confident enough, I would want to eventually try to use it with real money on a mt4 trading platform, or consider using it with stocks whichever I feel is worth my time (more likely forex but capable of any market sequence events).

My main problem is I don't know how to code and feel overwhelmed and frustrated by no one around me able to walk me through the process or I get too many distractions and I fail to figure anything out to test.

I am looking at sites like thepatternsite.com, and books like "Getting started in candelstick charting" by Tina Logan and would love to try to connect the implications of doji hammer, and other highly profitable found candlestick patterns with ma 50, 100, 200 or well you get the idea, using other indicators like self-identified supply and demand consolidation breakout zones and other methods.

I am 100% confident my method is fool proof (until proven otherwise which then, I would then re-look to add or change other conditional formating requirements to buy or sell.)

I'm not promsing big bucks every trade, or a high frequency of trades as long as each trade is profitable which would be my overall goal with minimal unrealized loss potential in each transaction.

Is this already created in excel or something I could use?

Market Vibrations

Hello Everyone,

Would like to know if anyone has ever heard of, or use forextrading-alerts.com
products such as their Trading the Forex Markets Good Vibrations method. The
pdf is sold separately from the MT4 indicator that goes with the program.

I would like to hear from anyone having any knowledge about this method. If you
review the site please share your views & comments.

Regards,

TraderM

Market Vibrations

Birmingham/west midlands Meetups

Birmingham traders
Ok here it is. I've been knocking around this site for a while now reading, but not too much in the way of posting because I am sh1te at punctuation, grammar etc and I am well aware that some stuff I write on the forum is hard to follow.

I have traded and educated myself now for over 4 years. I had no patience with demo accounts/paper trading And I went str8 in at the deep end, causing me to blow up 2 accounts within 2 years (glad that's now behind me)

Still, after all this time I still trade. What I have found is that it is a lonely business. None of my mates or family have any interest in the markets. I reached out on t2w first to try and meet with like minded people that were finding it a pretty lonely pastime.

Anyhow... I started a group in a attempt to have regular get togethers with folks that trade, and bingo I got some folks that joined the group. The group started in September 2015 and so far we have met up around 10 times in Birmingham and currently we have 46 members. This is great! however, remember me saying I have blown 2 accounts and I have only 4 years of experience? Well it turns out and I did not expect this to happen, I am one of the 2 members with any practice experience in the group ( fookn talk about the blind leading the blind ) this was not supposed to be the case however I kept rolling with it

What was it supposed to be like? Well, I envisioned that some members would have some real money trading experience. I thought that some members would be active day traders or be position/trend traders investors. Wishful thinking on my part.

The group is very inexperienced but is full of keen folks that have proved they are willing to learn, I am not to comfortable with giving advice as I still ain't sure if I am doing things right! So I can just give them accounts of the experiences I have had in my short trading career.

The members in the group need to get off on the right foot and have the correct and sensible information. I believe that if I share the Anton trading course with my members and we all work through it on a weekly basis this must be a good start for them as their going to get AND yes I know there are 100s of guys out there that can give newbies a good solid start but Anton was my choice. (No posts pls on the merits of Anton, there's plenty of threads already for that)

I propose to showcase the programme over an 8-week period and study as a group face to face at a central location in Birmingham.

Why? After listening to some members and this is just my opinion, unfortunately some in the group feel rightly or wrongly that all they need is a spread betting account or fx account, a chart that they can draw lines on and couple of grand starting capital and the lovely ladies will come running ... I strongly disagree with this approach ... Initially these were my thoughts, but **** I have never been so wrong! Don't get me wrong here day traders can and do make good returns with a chart a little more .... Just not for me .... For me I like the Anton approach but we need to have an awareness of day trading and chartist mentality because they are good at timing the the market

The programme will give them a framework to follow which I feel is a great start for the inexperienced and hopefully make things a little easier for them.

So currently any members that is committed to getting a solid first step (for me this was probably around my 4th step I wish it could of been my 1st as it would of made a world of difference) will get access to the Anton programe, real vision TV and geopolitical futures (George freidman) that compliment each other imo

So if we have any guys here at trade2win that can meet and share your experiences with our growing group please drop by. At the moment its still a bit of fun as none of us really have a clue what we're doing, but we are a real good bunch and we have a scream whether it's about the markets or not

I trade full time. I look for 5% per month and it's working out so far. I went full time in November 2015 so I'm still in my infancy. I am sure that my education has ring fenced me from another blow up. I would not of gone full time if it was not for the programme that Anton flogs and I believe it is the main contributor to me gaining my 5% per month and then overlaying rvtv and geo political subscriptions we hav available

Anyone that fancies dropping into one of our meet ups can join and find venues dates etc at the link below. It's a group that will continue to grow and I am in the process of putting designated premises together for live trading and study periods which will be a smart venue near the jewellery quarter when finished

Hope to meet like minded folks some time
http://ift.tt/1NJrizO

Birmingham/west midlands Meetups

Birmingham traders

Ok here it is. I've been knocking around this site for a while now reading, but not too much in the way of posting because I am sh1te at punctuation, grammar etc and I am well aware that some stuff I write on the forum is hard to follow.

I have traded and educated myself now for over 4 years. I had no patience with demo accounts/paper trading And I went str8 in at the deep end, causing me to blow up 2 accounts within 2 years (glad that's now behind me)

Still, after all this time I still trade. What I have found is that it is a lonely business. None of my mates or family have any interest in the markets. I reached out on t2w first to try and meet with like minded people that were finding it a pretty lonely pastime.

Anyhow... I started a group in a attempt to have regular get togethers with folks that trade, and bingo I got some folks that joined the group. The group started in September 2015 and so far we have met up around 10 times in Birmingham and currently we have 46 members. This is great! however, remember me saying I have blown 2 accounts and I have only 4 years of experience? Well it turns out and I did not expect this to happen, I am one of the 2 members with any practice experience in the group ( fookn talk about the blind leading the blind ) this was not supposed to be the case however I kept rolling with it

What was it supposed to be like? Well, I envisioned that some members would have some real money trading experience. I thought that some members would be active day traders or be position/trend traders investors. Wishful thinking on my part.

The group is very inexperienced but is full of keen folks that have proved they are willing to learn, I am not to comfortable with giving advice as I still ain't sure if I am doing things right! So I can just give them accounts of the experiences I have had in my short trading career.

The members in the group need to get off on the right foot and have the correct and sensible information. I believe that if I share the Anton trading course with my members and we all work through it on a weekly basis this must be a good start for them as their going to get AND yes I know there are 100s of guys out there that can give newbies a good solid start but Anton was my choice. (No posts pls on the merits of Anton, there's plenty of threads already for that)

I propose to showcase the programme over an 8-week period and study as a group face to face at a central location in Birmingham.

Why? After listening to some members and this is just my opinion, unfortunately some in the group feel rightly or wrongly that all they need is a spread betting account or fx account, a chart that they can draw lines on and couple of grand starting capital and the lovely ladies will come running ... I strongly disagree with this approach ... Initially these were my thoughts, but **** I have never been so wrong! Don't get me wrong here day traders can and do make good returns with a chart a little more .... Just not for me .... For me I like the Anton approach but we need to have an awareness of day trading and chartist mentality because they are good at timing the the market

The programme will give them a framework to follow which I feel is a great start for the inexperienced and hopefully make things a little easier for them.

So currently any members that is committed to getting a solid first step (for me this was probably around my 4th step I wish it could of been my 1st as it would of made a world of difference) will get access to the Anton programe, real vision TV and geopolitical futures (George freidman) that compliment each other imo

So if we have any guys here at trade2win that can meet and share your experiences with our growing group please drop by. At the moment its still a bit of fun as none of us really have a clue what we're doing, but we are a real good bunch and we have a scream whether it's about the markets or not

I trade full time. I look for 5% per month and it's working out so far. I went full time in November 2015 so I'm still in my infancy. I am sure that my education has ring fenced me from another blow up. I would not of gone full time if it was not for the programme that Anton flogs and I believe it is the main contributor to me gaining my 5% per month and then overlaying rvtv and geo political subscriptions we hav available

Anyone that fancies dropping into one of our meet ups can join and find venues dates etc at the link below. It's a group that will continue to grow and am in the process of putting designated premises together for live trading and study periods which will be a smart venue near the jewellery quarter when finished

Hope to meet like minded folks some time
http://ift.tt/1NJrizO

Birmingham traders

Health Tips for Daytraders

(I did a forum search for threads with "health" in them, and couldnt find an active thread)

Any health tips, such as for eating, exercise, etc, for day-traders?
How do you ensure your mind and body are in optimum condition for trading the markets?

Health Tips for Daytraders

fx-ecn.com

Anyone tried to trade via this broker?

fx-ecn.com

Setting up your first trading account(s)

Evening (at least it his here in the UK)!

This is actually my first post to t2w so I'm excited to become apart of the community :clap:

A bit about myself - I'm yet to trade live but I've been paper trading and reading for at least 14 months now. Therefore I feel its about time I jumped in and began. The only questions I have left to clean up are as follows:

My trading platform is ninjatrader and I aim to trade ES and/or YM - Is their a particular good broker for that? I hear a lot of interactive broker in relation to my question, but not so sure.

Another question- being in the UK, how does all the banking work if i'm trading US markets? I assume I go to my bank here in the UK (lets say LLoyds) and ask for a US (dollar based) account - I get that. From here I assume my initial money gets deposited into this account.
So lets say I make successful trades (at least I'd hope :eek: ), and my account now stands at $1.2k. Ive decided to withdraw the $200 but want it in pounds, how does this work without being eaten alive my transfer commissions?

Now last question I promise!

For those who are familiar with ninjatrader what the f*** does this all mean? A ninjatrader customer service mentioned it to me.

" Your account & funds will be held by our FCM partner Dorman Trading. Your funds will be held at BMO Harris Bank in a customer segregated account "

Thanks for the help!

Setting up your first trading account(s)

Smart Forex Trading

Hi,

Came across this site "thread title".co.uk

Has anyone done this training?

Thanks

Smart Forex Trading

Long Index Put - The Risk

Hi,

I bought some FTSE 100 Put 18-03-16 £5800.
My understanding is that I cannot lose more than I have invested regardless of my actions with these puts going forward.

My mate said last night that there is a risk in selling them because if I sell and it becomes ITM? He said I become the writer and that introduces unlimited risk. Is that correct? I didn't want to argue because he almost sounded like he knew what he was talking about.

I did my homework before embarking on this and I thought that long puts and long calls on Index Options had limited risks (amount paid at purchase) and that I could not lose anymore than that regardless of what I do with these.

Thanks

Long Index Put - The Risk

is this a bad idea?

wait for a huge market correction/crash and then put some $ into a 3X ETF ?

is this a bad idea?

Level II

Hello Everyone,

I just started to day trade, and I was reading a couple of books about the topic, and I read that to make profits consistently, it is best to have access to a Level II order entry system. My broker requires 10 or 15 dollars/month for access. How many of you traders, use Level II? Do you feel it is useful? Can you trade without it?

Thanks!

Level II

Application Question - Help needed please

Hi Guys,

I am in the process of applying to a fund after many years of being an independent prop trader so I feel a bit out of the loop on certain things. Since my usual way of working out P&L's was simply make a note of my account at the start of the month then apply my month end statement to it giving me a net figure, I have been thrown a touch with how I have been asked to provide my trading history.

The request by the firm is to provide my monthly statements in a standard form on a percentage basis. Does this simply mean take a start date and assume that day is £0 and work month by month forwards indicating the percentage increase/decrease? This doesn't feel right to me as at the beginning of the data sample percentages are going to be massive due to the big change from the zero balance and after a few years in, start to even out a bit too dramatically. Is this in line of providing P&L's in a way of compounded rates of return or is this something completely different. For an experienced guy I do feel quite a dunce asking this.

If anyone has any experience in providing this type of information I would be very grateful for some guidance.

Thanks

Application Question - Help needed please

Article: Beginners Guide to Dealing and Buying Shares

We've just published a new T2W article called "Beginners Guide to Dealing and Buying Shares" by Sean Lee.

Quick Summary: Sean Lee offers a summary of the key considerations when starting out buying or dealing in shares.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.

Article: Beginners Guide to Dealing and Buying Shares

Quick morning Forex Review

Big news overnight that the BOJ are going to have to implement new easing measures as they are not going to hit their inflation target- reversing the tapering decision that had started the move down from 123.50- New measures next month will see negative rates- Japan are struggling- USDJPY back to these highs and higher.

EURUSD- Back up at the highs so must assume its a sell up here- look for pullback this morning but i like it down to 1.0880 at least- 1.0840/20 and 1.0780 are next levels
GBPUSD- Nice close yesterday- 1.4480 is the target after pullback
USDJPY- Await pullback- next week will be a good one for trading the JPY
USDCAD- looks like there is one more push lower in this especially if oil rally to its first target for today of 36.50- this will see USDCAD hit the target of 1.3880
AUDUSD- has one push higher but has not retraced to the 38 so air on the side of caution- rejection at current levels could see a pullback to 0.7030 area.
NZDSD- At the top of its range so looking for selling opportunities untill it shows me its a breakout market- look for this to form a lower 15m high and then roll over.

Quick morning Forex Review

BOJ's decision drove the US future equities indexes up

SP-MAR16 could be boosted during the Asian session by BOJ's decision to rise to 1902.75, while the risk appetite has been already boosted yesterday by retreating of US Initial Jobless Claims in the week ending on Jan. 22 to 278k and the consensus was referring to retreating to 282k from 293k in the week ending on Jan. 15, despite the shocking release of Dec durable goods orders which decreased by 5.1% monthly, while the consensus was referring to -0.6% only, after declining by 0.5% in November.

SP-Mar16 daily RSI is reading now 41.028 in its neutral region coming from its oversold area below 30 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line into the neutral region reading 57.480 and also its signal line which is reading now 64.886

SP-Mar16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to 1825.03 in its sixth day of being below the trading rate, after rising extension last Friday too reached 1902.


Important levels: Daily SMA50 @ 1997.55, Daily SMA100 @ 2002.00 and Daily SMA200 @ 2037.23

S&R:

S1: 1851.25
S2: 1836.25
S3: 1804.25
R1: 1909.75
R2: 1927.25
R3: 1946.25


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

BOJ's decision drove the US future equities indexes up

The gold set back to $1115 per ounce on the risk appetite improving

With the risk appetite improving, The gold pared more gains to be traded now near $1115 per ounce, after reaching $1127.80 following the Fed's outcome which has been the highest reached level since last Nov. 3.

The gold could gather momentum, before the FOMC meeting, after getting over its daily SMA100 following surpassing $1112.75 which capped it on last Nov. 4.

$1071.22 could help the gold previously to bounce up again above its daily SMA50 forming a floor at $1057.98 which drove the gold to start being above its daily Parabolic SAR (step 0.02, maximum 0.2) for 20 consecutive days reading today $1099.42.

XAUUSD daily RSI-14 is referring now to existence in its neutral area reading 60.237, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region reading 70.549, while its signal line is still in the overbought area above 80 reading 81.315.


Important levels: Daily SMA50 @ $1080.41, Daily SMA100 @ $1105.73 and Daily SMA200 @ $1131.49

S&R:

S1: $1071.22
S2: $1057.98
S3: $1046.08
R1: $1127.80
R2: $1138.05
R3: $1149.84


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The gold set back to $1115 per ounce on the risk appetite improving

BOJ could surprise the markets by applying negative interest rate

USDJPY could spike to 121.40 following BOJ's decision to lower the interest rate to -0.1%, after it has kept it unchanged at 0.1% since Dec. 19, 2008.

BOJ said that the negative interest rate will work with the unchanged monetary base expansion pace by 80 trillion yen annually for achieving the price stability target of 2 percent at the earliest possible time. enhance

BOJ said that it will introduce a multiple-tier system which some central banks in Europe have put in place adopting a three-tier system divided into a positive interest rate, a zero interest rate and a negative interest rate, respectively.

BOJ could surprise the markets by today decision to apply negative interest rate driving USDJPY to extend its rebound from 115.96 to 121.40 which is the highest reached level since last Dec. 12, before retreating again to 119.30 area in a normal volatile reaction to the decision.

The decision came after the release of Japan National CPI ex fresh foods which is the favorite gauge of inflation to BOJ. This figure came as expected and as the same as November rising by only 0.1% in December but Jan Tokyo CPI ex fresh foods which can be a clue to the next figure of Japan declined yearly by 0.1%, after rising by 0.6% in December.

USDJPY daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 116.36 in its sixth day of being below the trading rate, after rebound extension to 118.86 last Friday.

USDJPY daily RSI is referring now to existence in the neutral region reading now 60.123, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region but close to the overbought area above 80 reading 77.361, while its signal line is actually now in the overbought area reading now 81.524.

Important levels: Daily SMA50 @ 120.34, Daily SMA100 @ 120.59 and Daily SMA200 @ 121.46

S&R:

S1: 117.64
S2: 116.45
S3: 115.96
R1: 121.40
R2: 123.74
R3: 124.61


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

   

BOJ could surprise the markets by applying negative interest rate

Best broker for Day trading

Hi Guys

I have been demo trading on Plus500 Web trader with good results. Learnt alot in the last month of practicing on demo.

After looking at this forum so peeps have said they are not very good.

Ok i am not very good with all the jargon yet, but here goes.

I am a day trader, pretty much scalping in and out of EUR/USD, EUR/GBP with a little JPY after last few days or turmoil.

I try and close each day if poss, though have left some overnight if i think will move in my favour, have expereimented with close on loss and profit functions.

Looking to start with 1K GBP and see how i get on, will start small and spread on different transactions, so would need good leverage to make it worthwhile, Plus500 offer some nice bonus when you join.

So what brokers do you recommend?

Best broker for Day trading

Stoicism

http://ift.tt/1oHT3yX
Looks a pretty cool way of thinking.Researching it at the moment.
Anyone have any views.

Stoicism

Trading Idea Provider.

Here's the first article: http://ift.tt/1PCVNIX

I'd be curious to lean from any of you - what would you focus on in trying to take profits in forex and commodity trading? I've submitted to reddit(http://ift.tt/1PCVQEu) and inbound, and of course on my social chennels.

I know there are a lot of ways to take profits from information.
here's a page I know, there might be good information at http://ift.tt/1PCVNIX

Trading Idea Provider.

Trading Idea Provider

Get Best Informtaion on econoomy and heaps of trading Idea on forex.
www.econotimes.com
having great fx technical analysis series.

Trading Idea Provider

News websites

Hi! I'm a begginer in trading and I understand how important is to read news connected to markets/currencies/oil/gold etc.

Which websites should I visit every day? Thank you for your help :)

News websites

Daily Trading Ideas- The new addition to your morning routine!

Forex Trading Ideas for January 28th 2016 are now available on LTG's YouTube channel.


A 7 minute run through of the major currency pairs every day uploaded before 7a.m- make it a part of your morning routine!

Do we have the same ideas?

http://bit.ly/1PkuA22

Happy Trading
Henry

Daily Trading Ideas- The new addition to your morning routine!

The oil prices resumed the correction shrugging off the US stockpile rising

Brent Mar. 16 could keep rising from its formed higher low last Monday at $29.26 to reach $33.49 yesterday unfazed of US EIA Oil stockpile growing in the week ending on Jan. 22 to 494,920m by gaining 8.383m barrels, while the market was waiting for adding 3.277m, after increasing by only 3.979m in the week ending on Jan. 15.

Brent Mar. 16 daily RSI is now well into the neutral region reading 47.744, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in into 81.908 leading its signal line which is still in the neutral region reading now 75.591.

Brent Mar. 16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to $27.99 in its fifth consecutive day of being below the trading rate.

Brent Mar. 16 could also improve its look over the short term by having a place above its Daily SMA20 for the second time this year, after being above it in the beginning trading day of the year on growing tension between Iran and Saudi Arabia.


Important levels: Daily SMA20 @ $32.08, Daily SMA50 @ $37.32, Daily SMA100 @ $42.94 and Daily SMA200 @ $50.74

S&R:

S1: $29.26
S2: $27.10
S3: $25.51
R1: $35.25
R2: $39.68
R3: $41.56


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The oil prices resumed the correction shrugging off the US stockpile rising

EURUSD resided again for trading near 1.088

EURUSD returned to keep trading near 1.088 after dipping to 1.0776 on the ECB president Draghi's hint that "The ECB may reconsider its policy stance in March amid a deteriorating economic outlook and turmoil in global markets". After turning back to 1.088 area, The pair parameters are referring now to balanced situation having its daily RSI-14 nearly in the middle of neutral region reading now 51.178 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region reading 65.057 leading to the upside its signal line which is reading now 49.208.

The pair is still below the trendline resistance extension from 1.3992 to 1.1712, after failing to rise above its daily SMA100 by facing experienced resistance at 1.0991. however it is still trying to keep existence above its daily SMA50.

The pair is now in its day number 10 of continued existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0754.


Important levels: Daily SMA50 @ 1.0841, Daily SMA100 @ 1.0976 and Daily SMA200 @ 1.1054

S&R:

S1: 1.0776
S2: 1.0709
S3: 1.0519
R1: 1.0991
R2: 1.1058
R3: 1.1098


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

EURUSD resided again for trading near 1.088

1.4365 is still caping the cable

After rising to 1.4365, the cable came again under pressure yesterday following the release of Dec UK BBA Mortgage Approvals which retreated to 43.975k, while the consensus was referring to rising to 45.500, after 44.533k in November.

The British pound has been also disappointed by Nationwide Housing Prices s.a rising this month by only 0.3%, while the forecast was pointing to increasing by 0.6% monthly, after soaring by 0.8% in December.

The cable which is waiting today for the preliminary release of UK Q4 GDP is having now its daily Parabolic SAR (step 0.02, maximum 0.2) below the trading rate for the fifth day in a row reading today 1.4106.

The cable daily RSI-14 is now in the neutral territory barely above its oversold area below 30 reading now 32.436, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in neutral region reading 64.461 and also its signal line is reading now 68.965, after failing to enter the overbought area above 80 by facing repeated resistance near 1.4365 area.

The cable drawdown is now meeting its hourly SMA200 at 1.4242 below its hourly SMA50 and hourly SMA100 in a relatively deep place below its daily SMA50, its daily SMA100 and its daily SMA200

Important levels: Daily SMA50 @ 1.4777, Daily SMA100 @ 1.5043 and Daily SMA200 @ 1.5278

S&R:

S1: 1.4171
S2: 1.4078
S3: 1.40
R1: 1.4365
R2: 1.4474
R3: 1.4643


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

   

1.4365 is still caping the cable

As expected, The Fed highlighted the global economic slowdown risks

As expected, the Fed has kept the target for the its funds rate unchanged at 0.25% to 0.5% showing its worries about the economic outlook because of global economic slowdown and the financial development saying that "it is closely monitoring global economic and financial developments assessing their implications for the labor market and inflation, and for the balance of risks to the outlook".

As expected also, The Fed's clarified waiting and see stance for assessment lowered the chance of watching interest rate hiking this quarter, while the market is waiting by the end of the week to see preliminary annualized GDP growth in the fourth quarter of last year by only 0.8%, after growth by 2% in the third quarter.

The US equities shrugged off the robust rising of US new homes sales in December by 0.544m yearly to react negatively to the Fed's dovish tone, while the US treasuries prices were rising driving their yields down but this stance has been reversed during today Asian session with risk appetite improving again sending the gold to be traded near $1120 during the Asian session, after spiking to $1127.80 following the Fed's outcome.

USDJPY could rise up above 119 during the Asian session, while EURUSD kept its trading stance close to 1.088 waiting for the preliminary release of Germany Jan CPI which is expected to show today yearly rising by 0.55 after increasing in December by 0.3%.


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

As expected, The Fed highlighted the global economic slowdown risks

Shares listed on BSE and NSE buying advice

Hi, I am new to share trading. Can anyone tell me which shares listed on BSE and NSE should I go for buying to have certainty of profit in horizon of 1 year.

Shares listed on BSE and NSE buying advice

PriorFX

Anyone uses this broker?
its site www.prior-fx.com

PriorFX

Oil spike in 2017? Brand new to trading need advice

Hello,
I'm D, a guy with around £500 of disposal income per month. I am very interested in geo-politics and oil prices and I think I see a way of making money.....
I have no experience in share dealing or trading AT ALL. (Please bear that in mind!)
But... this is my thinking... At the moment oil prices are at a seriously low price... All data says it will go a bit lower, then afterwards it will spike tremendously.
My question is... how can I cash in on this?!
I want to buy shares and start trading but have no idea where to start. I Googled ''UK Trading Forums" and came across this site, as I'm very much thinking about going through with this.
Can someone tell me the best answers to the following 2 questions, I'd be super grateful! Thank you in advance if you can help...

(A) Web address of where do I go to deposit money from my bank account. Do I need to download software to buy oil shares? Etc.
(B) I want to cash in on the potential oil spike next year. What specific company is the best to invest in, any recommendations for companies holding barrels of crude oil would be great.

Any help would be amazing. I have no idea where to start. I just see the low oil prices and know that if I buy oil the price will skyrocket in the future and my stocks will be worth more money in the long run! A kick in the right direction and some basic advice/tutelage

Cheers
D

Oil spike in 2017? Brand new to trading need advice

Oil spike in 2017?

Hello,
I'm D, a guy with around £500 of disposal income per month. I am very interested in geo-politics and oil prices and I think I see a way of making money.....
I have no experience in share dealing or trading AT ALL. (Please bear that in mind!)
But... this is my thinking... At the moment oil prices are at a seriously low price... All data says it will go a bit lower, then afterwards it will spike tremendously.
My question is... how can I cash in on this?!
I want to buy shares and start trading but have no idea where to start. I Googled ''UK Trading Forums" and came across this site, as I'm very much thinking about going through with this.
Can someone tell me the best answers to the following 2 questions, I'd be super grateful! Thank you in advance if you can help...

(A) Web address of where do I go to deposit money from my bank account. Do I need to download software to buy oil shares? Etc.
(B) I want to cash in on the potential oil spike next year. What specific company is the best to invest in, any recommendations for companies holding barrels of crude oil would be great.

Any help would be amazing. I have no idea where to start. I just see the low oil prices and know that if I buy oil the price will skyrocket in the future and my stocks will be worth more money in the long run! A kick in the right direction and some basic advice/tutelage

Cheers
D

Oil spike in 2017?

- - Toronto Traders - - -

Forming a group for Traders in Toronto who daytrade YM / ES / NQ .... if you don't know what these are you probably aren't a fulltime daytrader. This group will not be to disclose each others trading methodology, but rather, to share experiences and to discuss market activity in general.
Please reply to this posting and we will figure out how, when and where to get in-touch..... difficult to contact each other here.... but if enough replies I will post time and location for a meet-up in mid-town Toronto
Bruce

ps. pls, no forex traders

- - Toronto Traders - - -

Strategy for Forex (NZD/CHF)

Hello,

I didn't follow the strategy that I post on the other forum in the end and I'm happy for that because values fell a lot. Because of that I decided to change that market and look for information in Forex market. I found a strategy related to NZD / CHF (http://ift.tt/1SJI1Le) currencies and it involves going in between January 30 and February 1 and leaving between 12 and 14 February. It is based on historical data of 15 years and this strategy have obtained profits in 14 years of 15. However, since the beginning of the year the value has experienced a fall, as you can see here: https: // http://ift.tt/1UpXm1f From what I see in the chart, it appears that the downward trend will continue for some time but later iy will change and the value will begin to increase. What do you think? Will they follow this strategy?

Thank you,
Leticia.

Strategy for Forex (NZD/CHF)

USDCAD formed a lower high at 1.4323 by tracking the oil prices

The oil benchmarks could lead the movement of USDCAD to watch it forming lower high at 1.4323 with WTI having higher low near $29.25.

CAD has been exposed to massive selling across the broad in the beginning weeks of this year tracking the oil prices slide which can erode the Canadian exports value causing financial pressure on the Canadian economy.

On the oil prices slide, BOC has revised down its 2016 GDP forecast to only 1.4% from 2% last week but it decided to disappoint the odds of watching another interest rate cutting by keeping the interest rate unchanged at 0.5% driving USDCAD down below 1.45 to start having its daily Parabolic SAR (step 0.02, maximum 0.2) above the trading rate and today is the day number 5 of continued being above the trading rate reading 1.4606.

USDCAD daily RSI-14 is in the middle of the neutral territory reading 50.359, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the oversold area below 20 area reading 19.320 and also its signal line which is reading now 15.811.

Important levels: Daily SMA50 @ 1.3837, Daily SMA100 @ 1.3506 and Daily SMA200 @ 1.3074

S&R:

S1: 1.4042
S2: 1.3895
S3: 1.3811
R1: 1.4323
R2: 1.4687
R3: 1.4946


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

USDCAD formed a lower high at 1.4323 by tracking the oil prices

The Aussie rebound could be fueled by higher inflation rate in last year Q4

AUD could be boosted during the Asian session, after the release of higher than expected inflation figures in the fourth quarter of last year. CPI Q4 rose yearly by 1.7%, while the market was waiting for 1.6%, after 1.5% in the third quarter showing lower probability of having further stimulating measurements by RBA which has kept the interest rate unchanged at 2% since last May. 5.

AUDUSD is now trading near 0.7030, after rebounding from 0.6916 whereas it has formed higher low above its bottom of this Jan. 15 at 0.6825.

AUDUSD is still facing difficulty to get over 0.7046 which set it back twice this month

AUDUSD daily Parabolic SAR (step 0.02, maximum 0.2) is now its fifth day of being below the trading rate reading today 0.6851.

AUDUSD daily RSI-14 is referring now to existence in its neutral area reading now 48.390 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having its main line now in the neutral region but close to the overbought area above 80 reading now 75.755 and also its signal line which is referring to 74.834

Important levels: Daily SMA50 @ 0.7148, Daily SMA100 @ 0.7146 and Daily SMA200 @ 0.7349

S&R:

S1: 0.6916
S2: 0.6825
S3: 0.6769
R1: 0.7046
R2: 0.7084
R3: 0.7120

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The Aussie rebound could be fueled by higher inflation rate in last year Q4

The gold could be boosted by lower interest rate outlook in US

The gold could be underpinned for another day ahead of the FOMC meeting outcome today which is expected show increasing worries about the global economic slowdown to hint holding of the interest rate with no hike in the first quarter of this year, while the doubts about the US manufacturing sector ability to expand this harsh winter are rising.

Yesterday auction of UST 2YR issuance could highlight this current lower prospects of watching higher interest rate in US, as it ended to 0.86% yield, after ending the previous auction on it on 1.056% yield on last Dec. 28 following last FOMC meeting when the Fed decided to raise its funds rate by 0.25% expecting reaching 1.375% at the end of 2016.

The gold could keep its bullish tone this week to be traded now above $1120 for the first time since last Nov. 4, despite the improving of US equities market amid oil prices rebound, upbeating Q4 earning reports and higher than expected US consumer confidence in January reached 98.1, while the consensus was referring to 96.6 after 96.3 in December.


The gold could find more demand, after getting over its daily SMA100 following surpassing $1112.75 which has been its highest reached level since last Nov. 4.

The gold could gather momentum, after holding above $1071.22 which could help the gold to bounce up again above its daily SMA50 forming a floor above $1057.98 which drove the gold to start being above its daily Parabolic SAR (step 0.02, maximum 0.2) for 18 consecutive days reading today $1091.15.

XAUUSD daily RSI-14 is referring now to existence in its neutral area reading now 65.141, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility could have now its main line in the overbought area above 80 reading 92.548 leading to the upside its signal line which is now also in the overbought area reading 82.631.


Important levels: Daily SMA50 @ $1078.54, Daily SMA100 @ $1105.67 and Daily SMA200 @ $1132.27

S&R:

S1: $1071.22
S2: $1057.98
S3: $1046.08
R1: $1123
R2: $1138.05
R3: $1149.84


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The gold could be boosted by lower interest rate outlook in US

tradefair spike

Hi Everyone

Could you help with this question, traded the ftse last night , spiked down to 1926 , made a lot of £££ , company now not allowing to withdraw funds and the funds i have been able to withdraw they are saying have to be returned, is this legit ?????

tradefair spike

Forex broker company for sale

Hi!

Due to lack of time, we are selling startup Forex Broker business. The business is 80% ready to go live.

Included:
-Zero tax, no audit offshore company
-Representation in EU
-EU bank account in 3 currencies
-10+ domain names
-Web site with MT4 and payment gateways integration.
-Logo+wordmark USA trademark pending.
-Contacts and ready offers with acquirers and trading platform suppliers.

For those who want a tailored solution we can offer:
-Assistance in company registration
-Assistance in bank account opening for forex broker company (regulated or unregulated).
-Assistance in website development and integration
-Assistance in gaining merchant account on the best conditions available.
-Assistance in purachse/lease of trading platforms on the best conditions available.

Please PM for further details.

Thank you,
Ben

Forex broker company for sale

What is static electricity?

A picture is worth a thousand words.

Attached Thumbnails

 

What is static electricity?

Hybrid Trading - Myfxbook Verified

Without divulging a huge amount this early on + getting to the point...

Background & Trading Thesis

This small (real money) account ($10,000 USD - Pepperstone ECN - see signature) is managed and directed by two individuals (myself included). We have a combined experience of just over 15 years in the Forex space alone (ignoring other financial backgrounds).

Our trading is split 80/20 in trend following and swing / positional trading. Trend following is algorithmically based (trade identification / entries / risk / management / exits ) and swing / positional trading is discretionary based (primarily simple technical analysis - no silly indicators).

Although I do write some programming logic, my trading partner is the true professional with over 15 years of experience across several major languages (a coding wizard to say the least...).


How we view trading

We know that there is never such thing as a "fail-proof" trading strategy and we understand that we will go through elongated periods of draw-down. It's a mathematical certainty. We therefore view trading first and foremast from the angle of risk. Our secondary focus is to make sure we stick to our trading methodology and watch for any material deviations from what we can observe about our back-tested results / metrics.

Purpose of journal?

To demonstrate that risk management is primary. Our trading is not always going to necessarily make money over the short-term, but we will over the long term.

Side Note:
The moment this thread becomes abusive, rude, arrogant and dogmatic is the same moment I will simply discontinue engaging with it.

Hybrid Trading - Myfxbook Verified

IndigoDMA - broker for professional traders

IndigoDMA - broker for professional traders

IndigoDMA is an innovative broker founded by professionals.
Recently, staff of IndigoDMA were indulged in automative trading,
offering services to private traders, hedge funds and broker companies.
Among company's achievements is development of profitable ATS for high-frequency trading.
Now IndigoDMA provides brokerage services to retail clients.

Mission of the company is to satisfy needs of professional traders.
We want every talanted trader to have an opportunity to considerably increase his personal income.
That is why all the effort is aimed at development of investment decisions.
IndigoDMA successfully made an investment platform based on copy trading system.

Please, send your comments and suggestions of how to improve the company's services.

Official website- https://indigodma.com
Support email - support@indigodma.com
Skype - indigodmaeng

IndigoDMA - broker for professional traders

Free Forex Beginners Manual 26th January 2016

Hi everyone

I've just written a book which I though some of you may find educationally useful it called Forex Trading Beginners Manual.

It's available free on amazon kindle for one day only on 26th January 2016



U.S. version: http://ift.tt/1PhEHVk
U.K. http://ift.tt/1KBJhs2
Global http://ift.tt/1PhEHVi

This book is for anyone whether you are a newbie or an experienced Forex Trader and Ir's basically a guide as to how to use Forex systems, strategies and platforms and which method would suit you personally in order to achieve wealth creation, growth and success..

I hope everyone enjoys the Free book.

Thanks

Michael Southgate

Free Forex Beginners Manual 26th January 2016

FXOpen Broker: discussion

Dear forex traders,

We are the official representatives of FXOpen Markets Limited.

We are starting this thread in order to keep you up-to-date on the company news and our recent developments as well as to answer all of your questions.
Any feedback on our services is also highly appreciated.

About us:

Founded in 2003, FXOpen provides access to one of the biggest Forex and bitcoin liquidity pools marked by consistent execution and full trading transparency. ASIC and FCA regulated.

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• Offices in London, Sydney, Auckland
• 24/5 live chat, e-mail and telephone support
• 10+ years experience in FX brokerage services

FXOpen Broker: discussion

The gold is finally well above its daily SMA100

The risk-off sentiment could add attractiveness to the gold today to surpass $1112.75 which has been its highest reached level since last Nov. 4.

The gold which is boosted too by the odds of delaying the next Fed's tightening step is now well above its daily SMA100.

The demand for safe haven could drive the gold up previously in the beginning week of the year to reach $1112.75 but it failed to maintain a place above its daily SMA100 to retreat to $1071.22 which supported the gold again keeping the existence above its daily SMA50 and also above its daily Parabolic SAR (step 0.02, maximum 0.2) for 17 consecutive days reading today $1087.65.

XAUUSD daily RSI-14 is referring now to existence in its neutral area reading now 62.072, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line barely in the overbought area above 80 reading now 80.619 and leading to the upside its signal line which is reading now 75.037.

Important levels: Daily SMA50 @ $1077.62, Daily SMA100 @ $1105.57 and Daily SMA200 @ $1132.61

S&R:

S1: $1071.22
S2: $1057.98
S3: $1046.08
R1: $1123
R2: $1138.05
R3: $1149.84


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The gold is finally well above its daily SMA100

CL Mar. 16 came back below $30 per barrel

CL Mar. 16 started to retreat again, after reaching $32.73 yesterday following the first considerable try to fix its oversold stance which placed the mixture daily Parabolic SAR (step 0.02, maximum 0.2) below the trading rate yesterday before reading today 27.65 in its second day of being below the trading rate.

CL Mar 16 daily RSI-14 is referring now to existence in its neutral area reading now 36.254 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having its main line now in the neutral region reading 59.736 close to its signal line which is referring to 59.046, after the rebound abated without having a chance to get over its Daily SMA20 forming yesterday long dark day to contain last Friday long white day.

Important levels: Daily SMA20 @ $32.89, Daily SMA50 @ $36.78, Daily SMA100 @ $41.23 and Daily SMA200 @ $47.40.

S&R:

S1: $27.55
S2: $26.93
S3: $25.25
R1: $32.73
R2: $33.35
R3: $35.57

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

CL Mar. 16 came back below $30 per barrel

The cable shy try to fix its its oversold stance has been limited by 1.4361

After rebounding from 1.4078 to 1.4361, The cable came again under pressure to retreat for trading currently near 1.4225.

The cable rebound made its daily Parabolic SAR (step 0.02, maximum 0.2) below the trading rate for the third consecutive day reading today 1.4084.

The cable daily RSI-14 is still into its oversold area below 30 reading now 25.911, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in neutral region reading 59.320 and also its signal line which is reading now 51.600, after a shy try to fix its oversold stance has been limited by reaching 1.4361.

Important levels: Daily SMA50 @ 1.4814, Daily SMA100 @ 1.5065 and Daily SMA200 @ 1.5285

S&R:

S1: 1.4078
S2: 1.40
S3: 1.3844
R1: 1.4338
R2: 1.4474
R3: 1.4643


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

The cable shy try to fix its its oversold stance has been limited by 1.4361

The oil benchmarks retreating drove the risk appetite down

With the oil benchmarks retreating to $30 per barrel, The major equities indexes have been exposed to increasing downside pressure by the end of the US session to affect negatively on the Asian session which watched sell-off in the beginning of it.
WTI and Brent have been halted in the beginning of yesterday European session by facing resistance area at $32.80 whereas they have started to recede again.
The market focusing is expected to be next on the Fed which is expected to send dovish messages about the global economic slowdown to hint holding rate with no hike in the first quarter of this year, after the financial market turmoil, while the worries about the US manufacturing ability to expand further are rising in this harsh winter
From another side, The Japanese economy Minister Amari refrained from giving answers about the next BOJ's step indicating that Kuroda will do the appropriate step in the suitable time adding that he does not think that BOJ will follow the ECB by sending hinting messages, before taking new step.
While PBOC is looking caring meanwhile of the capital outflows which are threatening the Chinese decelerating economy. So, it is not expected soon to take new easing steps can lower the value of the Yuan further, while it is supporting its offshore exchange rate currently.

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

The oil benchmarks retreating drove the risk appetite down

Admiral Markets UK

Anyone uses this broker?
its site http://ift.tt/1OKpXwE

Admiral Markets UK

What slippage is normal? Stats on my 4621 trades

Hi all!

I’ve been trading for about 5 years - algo trading on the majors, doing 5 to 50 intraday trades per day per symbol, flat at the end of each session.

I’ve been analyzing my trades - profits and losses, and recently I have figured out the exact impact of slippage on my trading results. Below is the explanation of my measurements and calculations. Pretty substantially not in my favor I must say.

I built a script to calculate the differences between the prices my algo sees when sending trades and actual execution prices. My algo is hosted on a VPS CNS and I’m trading on a Pepperstone Razor account, so the latency to broker’s server is not more than 1 ms.

I’ve collected data for more than 1.5 months and now I have stats on 4621 trades and got following results:



This means on average I lose about 1.71 pips (4th decimal) on slippage each trade .
Having 10 trades a day means that I lose on slippage 17.1 pips a day -> 376.2 pips per month -> 4,514.4 pips a year.

When I calculate the sum in USD the figure really scares me - it’s 4 times more than I have in my account!!! If I could keep this money I’d be way closer to retiring.

At your brokers - what slippage do you see?
What do you do to reduce your losses from slippage?

What slippage is normal? Stats on my 4621 trades

New Robot for Auto Trading

Hi,

Today I am going to share my news filter based Scalping robot.
Please download attaching robot.

Best Regards,
Taseer

Attached Files

Scalper_EA-1164.zip (218.4 KB)

New Robot for Auto Trading

Success in trading binary

Binary option is a trading industry with high level of risk*which you must be willing to accept.But if you use the right software,strategies and system to trading with binary options signal you're bound to make huge profit.i am writing to share my successful trading system with whoever is interested in making wins.you can contact me mail:Edwardmauricemooran1000@gmail.com

Success in trading binary

Is is real or fake?

Author claims that's how many on Wall st. make a living and basically agrees with many other voices. Kind of an attack on the industry because it's like calling them plain scammers. But the approach seems to be profitable however, heh. What do you think?

http://ift.tt/1MtL5mE

Is is real or fake?

Stock Analysis 25th-29th (January)

ProShares Ultra VIX Short-Term Futures (UVXY) - UVXY is now pulling back as the stock market rises. UVXY is a good ETF to own only when the market is dropping. Sell when it spikes or hold to hedge stock market long ETF's.

Stock Analysis 25th-29th (January)

Eur/chf

Eur/chf

Eur/chf

SP-MAR16 could be boosted by the trust in sending the oil prices higher

SP-MAR16 could prolong its rising from last Wednesday low at 1804.25 to reach 1904 in the beginning of the new week.
SP-Mar16 daily RSI is reading now 40.139 in its neutral region coming from its oversold area below 30 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line into the neutral region reading 76.493 to have a closer place to the overbought area above 80, after coming from the oversold region below 20 and also its signal line is in the neutral territory but lagging behind the main line reading now 57.494
SP-Mar. 16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to 1806.20 in its second day of being below the trading rate, after rising extension last Friday too reached 1902.

Important levels: Daily SMA50 @ 2011.06, Daily SMA100 @ 2004.47 and Daily SMA200 @ 2041.44
S&R:
S1: 1836.25
S2: 1804.25
S3: 1802.63
R1: 1907.25
R2: 1927.25
R3: 1946.25

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

Attached Thumbnails

 

SP-MAR16 could be boosted by the trust in sending the oil prices higher

The harsh winter in US could drive the oil prices higher

After Brent Mar. 16 could shrug off higher than expected rising of US crude inventories containing last Wednesday falling to $27.10 by rising to $29.83 last Thursday, it could extend this rebound to reach $32.48 in the beginning session of the new week touching its Hourly SMA100 currently and getting closer to its Daily SMA20
The oil prices have been negatively impacted by implying the Iranian nuclear deal but it could now contain most of last week falling which reached $27.10.
Brent Mar. 16 daily RSI is now well into the neutral region reading 44.591 while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in into 90.327 leading its signal line which is still in the neutral region reading now 62.406, after continued existence in the oversold area below 20 since Jan. 8.
Brent Mar. 16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to $27.20 in its second day of being below the trading rate, after rising extension last Friday to $32.29.

Important levels: Daily SMA20 @ $32.89, Daily SMA50 @ $38.09, Daily SMA100 @ $43.47 and Daily SMA200 @ $51.27
S&R:
S1: $29.28
S2: $27.10
S3: $25.51
R1: $32.66
R2: $35.25
R3: $38.97

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

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The harsh winter in US could drive the oil prices higher

USDJPY could extend its rally from 115.96 with the risk appetite improving

USDJPY could extend its rebound from 115.96 to be traded currently near 118.70, after breaking 118.36 which could cap its previous rebound from 116.67.

USDJPY daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 116.01 in its second day of being below the trading rate, after rebound extension to 118.86 last Friday.

While USDJPY daily RSI is referring now to existence in the neutral region reading now 47.879, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the overbought area above 80 reading now 87.048 leading its signal line which is still in the neutral region reading now 71.339.


Important levels: Daily SMA50 @ 120.69, Daily SMA100 @ 120.65 and Daily SMA200 @ 121.48

S&R:

S1: 116.45
S2: 115.96
S3: 115.55
R1: 119.68
R2: 120.64
R3: 121.49


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

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USDJPY could extend its rally from 115.96 with the risk appetite improving

The markets are waiting for clues from the Fed and BOJ

The oil prices could extend their rally which has been prompted by the end of last week by rising speculations of watching harsher winter in US, after the snow storms hit its east coast.

The oil rebound could prop up again the risk appetite which has been extended also into the first Asian session of this week sending the Japanese yen down across the broad.

From another side, the greenback has been exposed to selling pressure on the speculations of watching US economic slowdown in the first quarter of this year because of the bad weather to delay the next tightening step of the Fed which will by closely watched this week to show the markets how concerned is it about the global economy, after the turmoil in the beginning weeks of this year because of the Chinese economic slowdown and the oil prices slide.

While BOJ chief Kuroda said during the weekend from Davos that BOJ is not so much concerned about the real economy because of the financial market turmoil, however we need to be careful.

Kuroda indicated that if the underlining inflation is to be seriously affected capping reaching the 2% inflation target, there will be expanding of the QE by many ways.

The markets will be closely watching this week, the Japanese inflation data of December and BOJ's meeting outcome to know more about the impact of the Japanese yen strength in the recent weeks with the oil prices slide which can place the Japanese economy under deflation pressure again.


Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

The markets are waiting for clues from the Fed and BOJ

Reduce Unnecessary Losses & Increase Your Odds of Winning With One Simple Tool!

Forex Trendy is a sophisticated and powerful trading tool that can reduce unnecessary losses :idea:.

For more information and a short audio tutorial go here: http://ift.tt/1K5LaSQ
:thumbsup:

Reduce Unnecessary Losses & Increase Your Odds of Winning With One Simple Tool!

Day trade of stocks. How much to begin?

Now I am considering doing day trade of stocks for a living, from home or with others. How much money should I prepare to begin? I don't really see this kind of information around. I think I have read somewhere, about $1000? So I tried just paper trade (trade without using money) for a while and I don't think beginning with $1000 is enough because you have to take commission fee into account.

So how much of money do you guys think is appropriate for day trade of stocks for a living?

Day trade of stocks. How much to begin?

Some Basic ETF Questions Please

Hi

I want to trade FTSE and Dow indices using ETFs in a Stocks and Shares ISA.

I opened the ISA and was greeted with what seems like hundreds of ETFs and I'm having trouble sorting through them all.

What I really want is an ETF with the smallest charge. My investments will be small, i,e. starting at £15k and then rising each year as I fund the ISA - so liquidity won't be an issue!

Can some one tell me the cheapest ETFs for trading the FTSE and Dow both long and short. Could someone please also recommend 2x and 3x leveraged ETF varieties as well?

Also, say an ETF charges 0.5% p.a. If I only hold the ETF for 6 months do I pay 0.25% or the full amount?

Thank you for the advice.

Sally

Some Basic ETF Questions Please

Why do so many find trading difficult?

I started trading around five months ago and so far have made a substantial profit. It's nothing major, though still in the thousands of pounds. Why do so many traders fail?

Why do so many find trading difficult?

Keep the story going.............

One day Pooh and Piglet went for a walk............

Keep the story going.............

Volatile week ahead

Oh my goodness - all the event risk boxes for the major pairs for next week are all shaded red - high impact events coming folks!

4 CPI announcements, 2 Rate Decisions, a Consumer Confidence, 3 GDP's, 2 Goods results. And that's not counting whatever the heck happens in Oil or the Chinese stock market - which nobody predicts that well at the best of tmes. Perfect storm? Profits from volatiliy or all that careful TA out the window?

Volatile week ahead

VED & AAL FTSE Miners- Opinions

Vedanta & Anglo have been torn to pieces over the past 6 months, opinions and views on what happens from here?

VED & AAL FTSE Miners- Opinions

Turned £1k into £16k in 5 months

I decided to start with real money after playing around with demo for a while. I have managed to turn £1k into £16k over many trades (with real money). I have opened and closed many trades in that time, both longs and shorts, n real bias, so I don't think it's just luck. I have devised a system which enables me to win very often, and the amount won on winning trades against losing ones is very random. I know there are many people with a good win-loss ratio out there, but they generally take profits too quickly and let losing trades run somewhat, therefore actually have a negative balance on initial deposit. Luckily, I don't suffer from this problem.

I am very hopeful I will be able to sustain current levels of profitability.

It's not easy and it takes a lot of dedication and hard work watching price action during the day, and a lot of research time in the evenings in preparation for next day's trading. But the key for me anyway is that I actually love it. It almost feels like free money because you don't have strict hours (you don't have to trade everyday) and of course, no boss at work to give you a routine to keep to.

And no, I am not trying sell any systems or anything of the sort for those of you who will no doubt doubt this. I just thought I would share my bit of success with you guys. Thanks

Turned £1k into £16k in 5 months

New forex trading strategy XLpips 2016

New forex trading strategy XLpips 2016
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XLpips.zip (154.3 KB)

New forex trading strategy XLpips 2016

My own successful FX Intraday Trading Blueprint

As many of you know I am a full time FX Intraday trader -8 years now full time and a previous 6 years on a part basis.

Its now been over two years since I joined T2W and during this next two years I plan to go back into semi retirement and drop from 18 -20 trading days a month to maybe just 6 to 10 days. I am in my 60's and had initially looked at retiring in my early 50's - after selling some businesses - but just did not have enough in the pension pot and suffered in 2008/9 from a couple of bad business investments along with having two kids in private school and expensive holiday tastes etc etc. I needed to carry on earning and thankfully I found a great way of doing it.

After 25+ years in the business world I have been used to hard work - the 50 -70 hr working weeks as well as travelling and working some weekends.This last 8 years in comparison as been really a piece of cake - ie only working 25 to 40 hrs a week - and the stress is nothing really compared to owning your own businesses and being responsible to pay your employees salaries every month - whilst worrying about 80 -100k VAT bills and the bank seeing you are only 88% of your project sales budget etc etc.

I am going to update and share my own latest trading "blueprint" -I have mentioned it on various occasions in my journal - but maybe not as in as much detail as I am going to now.

This works for me and gives me regular consistent income - I am not saying it will do the same for you - it won't unless you have at least 3+ years of FX experience behind you - but at least you can see the amount of detail I go into in terms of planning and time & efficiency management

OK - lets start

1. My FX Pairs - Eur-Aud / Eur-Usd / Gbp-Usd / Eur-Jpy / Usd-Cad / Gbp-Aud / Gbp-Jpy. I also watch the Uchf / UJ but only for correlation purposes. I don't trade other instruments - I focus on 6 to 8 pairs and plan to trade only 2 to 4 pairs a day - all depending on the day in question - ie news releases - etc etc.

2. My Method - Intraday and very complex based on a 1 min Linear Regression Chart and using time windows and other trading "edges" not main stream.

3. My daily target - 50 pips initially based on a average 3 lots per pip. I don't stop at 50 pips - but because I scalp and also leave part stakes on - I might end up with 170 pips in a day - but still not earned my daily money target. My daily target is split into 3 part sessions - yes that detailed - some days It's easy and its achieved in under 90 mins - other days I can be trading 4 hrs and still not made 50 pips net.

4. Working Hours - From 6 00 am to normally 5 00 pm - but split into 3 main sessions of less than 2 hrs - all depending on movements and trading volumes. Actual time spent trading is normally under 3 to 4 hrs a day - even though I might be covering a 10 -12 hr window. I am my own boss - and so can be totally flexible in my trading window - and so can stop completely after 2 hrs - if I want to

5. Number of trades - Between 10 and 20 trades a day - split over 2 to 4 pairs normally. Trades can last from 2 mins to 2+ weeks and from a minimum 3 pips to 300+ pips. All entries have soft stops of between 3 and 7 pips - 5 pips average.

6. Win ratios - Based on lots of 100 intraday trades - from a low 62% to a high 87% - with a mean norm around 70 -72% - ie every 100 trades - I expect anything from 13 to 38 losses on every 100 trades - and most importantly am aware - I can have 7 bad consecutive losses in a row ( very rare ). I am also aware I do have runs of 20 to 30 consecutive winning trades every now and again. After 3 losses in a row - i stop for 30 -60 mins and the start again.

7. Trading Opportunities - I can have up to 6 trades per hr per pair - but normally only take 1 to 3 trades per hr per pair - based on key times and 2 time windows. I would be overtrading if I take over 50 intraday trades a day. Under 10 is normally not enough - over 25 means I am on a great run - or a really bad run and not made my daily target.

8 Risk to Reward ratio. Anything from 1 to 1 min to many making over 6 and even some days a 50 pip scalp on the EA or GA can be a RR of 9+.

9. Stake size - from 0.2 to 0 5% of capital based on 5/7 pip stop size. Maximum stakes nowadays - 8 lots - minimum 1 lot per pip of part stakes.

10.Fluidity and flexibility is key along with focus and concentration on entries. Nothing is 100% certain - but its all down to probabilities and you as a trader knowing your own strengths and weaknesses.

I am no gambler - I got the economics degree and trained as an accountant over 35 yrs ago- but it was my business experience that has helped them most.

Don't trust the Financial Industry - really don't trust anyone - except yourself and if you have not got the confidence in yourself to make it - stop now .

Hope that may help some FX traders on their journey

Good Trading


F

My own successful FX Intraday Trading Blueprint

Ninjatrader Strategy Advice - Gold mine or ignorance?

Hello, I'm a newbie to this forum. I have been playing with strategies for the e-mini S&P500 in Ninjatrader 7 for nearly a year. I have never actively traded, but I have been using real-time data to develop and test strategies, so as to minimize my risk when I do start.

My current fully automated strategy appears too good to be true, which makes me skeptical. However, I very well could have stumbled onto something. I just don't know. I have no experience in trading, but have done extensive research on methods and psychology, and I am good with code. The strategy is based on personal observations and this research. I run this strategy both in real-time and backtest, and the results agree with each other.

I would greatly appreciate someone with experience in Ninjatrader automated strategies to chime in. On paper in looks great to me, but I don't know how it matches up to other strategies. I posted backtest data to 2006, as well as monte carlo charts for profit and drawdown for this 10 year period. Thanks for your comments!

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Ninjatrader Strategy Advice - Gold mine or ignorance?

So ETX Want To Punish Anyone Who Doesn't Use His A/C At Least Once in 4 Months!

Beware folks - ETX are very shortly proposing to make this change to their standard spread betting Terms and Conditions:


"
Clause 3.5 has been amended as follows:
“We consider a Trading Account to be dormant or inactive when there have been no open Trades on
the account on a trading day. We may deactivate your Trading Account if it has been dormant or
inactive for a period of 120 calendar days or more. Where reasonably
practicable we will give you
advance notice (by email) of any deactivation but this may not always be possible and/or practical.
In the event you receive a notice of pending deactivation or your account has been deactivated
without you receiving notice and
you wish it to remain active or be reactivated, please contact our
support team by email.
We will charge an account maintenance fee in relation to inactive or dormant accounts. Charges for inactive or dormant trading accounts can be seen on our website. "

Frankly I find this proposed change to be outrageous. Spead-Betting is after all still gambling, and if persons wish, for whatever reason, to take a sustained break from gambling, they should not be penalised.

Do others feel that forcing people to make or keep open at least one trade in any four month period is unacceptable?

Please remember that the market leaders only impose charges on accounts that have been inactive for 2 years, or longer. Now that is as fair as it should be: Fair play to IG!

Meanwhile, instead of ETX's trying to force persons more frequently to use their inactive accounts, they should instead respect that persons must be able to take a prolonged break from gambling - without any fear of being punished for doing so.

Besides, If ETX is finding that too many persons aren't using their accounts enough, then surely they should instead be thinking of incentives to get them to trade more - & not effectively punish them for such few months of inactivity!

All agreed?

So ETX Want To Punish Anyone Who Doesn't Use His A/C At Least Once in 4 Months!

Article: 7 Lessons to Learn from a Market Downturn

We've just published a new T2W article called "7 Lessons to Learn from a Market Downturn " by Stephanie Powers.

Quick Summary: With talk of an imminent collapse in global stock markets, Stephanie Powers offers advice on how to weather the storm should it come to fruition.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.

Article: 7 Lessons to Learn from a Market Downturn

What is spread betting? eBook.

You might be interested:

http://bit.ly/23iLgwI

What is spread betting? eBook.

[my] trading - psychology, performance, coding and other assorted ramblings

I've been having quite a lengthy run of bad trading [profitability] for the past 6 months. I figure a journal detailing my struggles/thoughts might be worthwhile for me and also hopefully enlightening for others.

I look forward to any comments on trading psychology, trading analytics/statistics and fintech coding amongst other things.
I will only post here occasionally.
This is not meant to be a thread for live calls, although I might put a cheeky one on now and again.
Generally I loiter with other indices traders on http://ift.tt/1OBM3Bh

Background
I would classify myself a momentum/trend following trader.
I frequently pyramid my positions.
I have a bad engineering degree from a good Uni.
I've been a self-employed web/database developer/systems architect for 20 years, for the vast majority of that time using Microsoft technologies such as C#, SQL Server & ASP.NET.
Generally I trade the indexes via a combination of CFDs, Spreadbets and leveraged ETFs.

Recent History
Monday 10th August 2015, I saw the indexes starting to fall over and I was getting a generally bearish vibe.

I was short the DAX & DOW from early doors, and figured I'd hold out any rises for a long term swing trade so convinced was I that a correction was imminent. Typically my initial position size was way too big AND I averaged down and the indexes rallied like homesick angels right into the close. My account was -15% at about 9pm that evening and I was utterly emotionally drained by the algo-squeeze or whatever it was that had just happened.

I knew I wouldn't get any sleep worrying about my positions so I told the missus that I was going to kill the positions... but also told her that sods law says the markets would correct overnight. In the early hours China started the Yuan devaluation process and the August correction properly started. Sods law was bang on the money.

Anyhow I recovered my account back up to it's starting position over the following couple of days, but my emotions had taken a battering, and ultimately there started a slippery slide.

I scaled back position size and continued trading and a lot of the trades in the months following have been technically great in their own right (>3500 points on GBPAUD) yet after the previously incurred losses my lack of balls and lower position size means my account is overall unchanged at approx -19% as of today. Since October I've generally not been "feeling it" at all and. So during the last few months I've been doing a lot of soul searching, trying to figure out what I need to do to remedy the situation, don't worry I'm not going to get deep and meaningful here...

Progression?
Like most of you probably have, I've been researching lots about trading psychology [because I know my problem is generally psychological] reading lots of articles and listening/watching to a lot of interviews (a few notable ones below);

• https://www.youtube.com/user/ukspreadbetting/playlists (Steven Goldstein, Mark Fenton, etc...)
• http://ift.tt/1nD2ggF (took a while to sink in but in there was a bit of an eureka moment)
• http://ift.tt/1OBM5Jw

I have [only] been trading since Jan 2014 so ~2 years now, when I first properly joined in these forums about 18 months ago I was keen to see how much money people were making from their trades - basically because I was new and had no trade ideas of my own and would put more weight behind opening a position if an idea was posted and I knew the poster was trading from a big account and/or making more money per trade than someone else - I generally figured the more money they put behind a trade the more serious they are about the trading business!

I have since come to the [completely obvious] conclusion that just because you trade a big account doesn't mean you're any better a trader than the next dude [yes I'm blond, so it took me a while to figure this out!].

So ultimately I realise the simplest way (but maybe not the best way) to compare one trader to another is by comparing their points won/lost, similarly the only way to monitor performance over extended periods of time without ego getting in the way would be by points won/lost per week/month/etc.

Looking at my primary trading account, since it was opened August 2015 I'm down 19%, and although January has been positive I've actually barely traded this month. Preferring to immerse myself in coding rather than embrace any positions - I'm not too scared to trade [yet] but certainly I feel I am scared to lose and definitely less gung-ho at opening new positions than I was 6 months ago.

A eureka moment came over Xmas, highlighted in Trader_Dante's interview (link above), in that I was entirely guilty of *trading my P&L*. At the end of each trading day I was saying "today I made £xxx" or "today I lost £xxx" and as long as I finished up at the end of the month then "it was a good month".

The point behind monitoring points won/lost and "not trading your P&L" - becomes become more obvious when you trade a demo account. Obviously we can all(?) grow a demo account from £10k to £XXXXk if we have enough free time and inclination, simply because the money doesn't mean anything to us - we just mentally remove the pound/dollar sign and use the significant figures as a way of keeping score... albeit with massively wide stops!

Looking at my past few months trading;

What conclusions can be drawn from this limited information?

August, September and December seem to tally, in that net points was negative and there was a negative P&L.

However November had a massively negative number of winning points yet the P&L was positive?

January had a massive surplus of winning points, yet only a P&L gain of 3%... so this has highlighted to me my poor money management. Leading me to wonder that had I traded consistent size positions throughout my results would have still ended up with a negative P&L yet maybe not by quite so much, or maybe by even more!?

So in future posts I'm intending to work out some more statistics based on my past trading and hopefully post something more conclusive regarding my trading history - and see where my strengths/weaknesses lie.

In addition I'm going to use my coding skills to work on ideas of trading with less emotion, with an ultimate aim of trying to replicate the success of trading a demo account inside a real money account... tall order I know.

Cheers for taking the time to read a somewhat haphazard first posting :thumbsup:

[my] trading - psychology, performance, coding and other assorted ramblings