Man vs Machine (expert advisors aka EA)

Categories: Forex Trader's Journal

Hi Traders, ever came across something called the Expert Advisor or EA? Well, if you have been trading MetaTrader long enough, you will definitely know what expert advisors are. The thing is, why do they call them expert advisor, when you can’t get any advise from them? The puzzles me, but if that’s what they […]

Hi Traders, ever came across something called the Expert Advisor or EA? Well, if you have been trading MetaTrader long enough, you will definitely know what expert advisors are. The thing is, why do they call them expert advisor, when you can't get any advise from them? The puzzles me, but if that's what they are called, Igot no qualms about it. If anyone of you here does not know what expert advsors are, well, they are just pieces of codes, once ... Read More

78 Essential Forex Strategies - Part 12

Categories: 78 Essential Forex Strategies

Hi Traders, here’s another instalment of my essential forex strategies for professionals and amateurs…..
56. If price went up and broke through resistance, then price will pull back and becomes support if it continues to go up. Don’t buy too soon or sell too soon, wait for signals to determine the price direction before making a call.
57. Practice, […]

Hi Traders, here's another instalment of my essential forex strategies for professionals and amateurs..... 56. If price went up and broke through resistance, then price will pull back and becomes support if it continues to go up. Don’t buy too soon or sell too soon, wait for signals to determine the price direction before making a call. 57. Practice, Practice, Practice! 58. Never enter a trade in between support and resistance or pivot points. This is a No Man’s Land, as you don’t know where the price will ... Read More

Where will Dow Jones stop?!

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, another week, another surprise. Or maybe it is not a surprise after all for some of you. Lately, there has been these 5 words that have got investors and traders got caught unawares, these words are “the market is bottoming out”! OMG, what? Are they out of their minds? Or maybe it is […]

Hi Traders, another week, another surprise. Or maybe it is not a surprise after all for some of you. Lately, there has been these 5 words that have got investors and traders got caught unawares, these words are "the market is bottoming out"! OMG, what? Are they out of their minds? Or maybe it is a spoof to encourage investors or traders to put money into the financial system to bail themselves out, have you thought of that? Lately, the fall of ... Read More