Pips in wheelbarrow - Trading FX profitably

[Galts Gulch]

Thanks a lot for the detailed explanations..:thumb: Very helpful.It is a wonderful thread !We get more than we expect for a question!Best of luck ! Happy trading !

Trading is The ONLY industry ... Where ... By helping each other ... we do not scratch each others' back

We can always ... all ways ... Compliment each other ... without having to compete with each other ....

:thumb::thumb::thumb:

 

[Galts Gulch]

Training Chart (if I can call this Image, a chart) ...

What does this show?

Across all these major pairs, Market is directionless .... No Momentum ...
We should always Trade ... when the immediate smaller and immediate higher TF's are in the same direction as the time frame that we trade on ...

But, now, except for EuroGbp and GbpChf ... no other pair indicate that way ...
And one should not trade exceptions ... So even these are ruled out ...

Time to enjoy a forced break ... Be with Family ...
Some soul searching, old Hindi songs and Scotch on the rocks ...

 

[DSM]

Thanks GG,

There is always something to learn from your post. Appreciated.

Training Chart (if I can call this Image, a chart) ...

What does this show?

Across all these major pairs, Market is directionless .... No Momentum ...
We should always Trade ... when the immediate smaller and immediate higher TF's are in the same direction as the time frame that we trade on ...

But, now, except for EuroGbp and GbpChf ... no other pair indicate that way ...
And one should not trade exceptions ... So even these are ruled out ...

Time to enjoy a forced break ... Be with Family ...
Some soul searching, old Hindi songs and Scotch on the rocks ...

 

[pm_shah]

Training Chart (if I can call this Image, a chart) ...

What does this show?

Across all these major pairs, Market is directionless .... No Momentum ...
We should always Trade ... when the immediate smaller and immediate higher TF's are in the same direction as the time frame that we trade on ...

But, now, except for EuroGbp and GbpChf ... no other pair indicate that way ...
And one should not trade exceptions ... So even these are ruled out ...

Time to enjoy a forced break ... Be with Family ...
Some soul searching, old Hindi songs and Scotch on the rocks ...

GG Bhai,

Nice and simple concept and should be there in everyone's trading plan

Sorry if it is a stupid question but how do you identify the direction of each TF, is it something that price should be above or below a specific EMA?

 

[Galts Gulch]

Thanks GG,

There is always something to learn from your post. Appreciated.

Come on ...

In Catch22 words, it is like a surgeon complimenting an Intern .....

You are doing same for long ... I have just started walking your path ....

 

[Galts Gulch]

GG Bhai,

Nice and simple concept and should be there in everyone's trading plan

Sorry if it is a stupid question but how do you identify the direction of each TF, is it something that price should be above or below a specific EMA?

Broadly ... 200 MA ...

But then, historical and nearest S / R zones, Pivot ... Market harmonics ...

Trading (buying / selling) is a macro second affair (press buy / sell) ...
But a trader has to spend more time, effort, energy on Analyzing ...

 

[Galts Gulch]

Training Chart (if I can call this Image, a chart) ...

What does this show?

Across all these major pairs, Market is directionless .... No Momentum ...
We should always Trade ... when the immediate smaller and immediate higher TF's are in the same direction as the time frame that we trade on ...

But, now, except for EuroGbp and GbpChf ... no other pair indicate that way ...
And one should not trade exceptions ... So even these are ruled out ...

Time to enjoy a forced break ... Be with Family ...
Some soul searching, old Hindi songs and Scotch on the rocks ...

I'm surprised that no 1 asked me why there is no 30M TF on that Indi ...

If you observe, 4 15M makes 1 1H .... 4 1H makes 1 4H .... 6 4H makes 1 D and 5 days make 1 W TF's .... Right?

What about 30M TF? ... Hope you all got it .... 30M TF does not make sense as far as I'm concerned .....

 

[Shantala]

Hope all is well...

What are popular currency pairs in traders?

 

[Galts Gulch]

Hope all is well...

What are popular currency pairs in traders?

EU, GU, AU, UJ and USDCHF ... in Major's ....

EJ, GJ, GA in cross pairs ... generally ... but then every one have their own choice/s ....

I normally analyze 14 pairs and Gold and Crude Oil ...

You should have seen my pairs in the image, which I posted yesterday ...

 

[Galts Gulch]

Is it pay back time for British (Great Britain) ... How GBP is struck and struck very bad ...

British always believed and in Divide and Rule Strategy ... Is the History repeating on them NOW in the form of Scotland ????

It is big time catch 22 for them and Doom's day for them any way ....

GDP is not encouraging, consumer spending is coming down, Claimant count change (unemployment claims) is higher, Russia is threatening to ban imports from all Euro zone ... as a currency it is shrinking against all majors ... and If Scots decide to part ways tomorrow ... Ooopssss Hell hath no fury like this ...

Either the way .... GBP ... SOUTH ....