Full time forex trading, the 'Holy Grail' job and lifestyle.

AMA I am a full-time Forex trader. Using W.D Gann and Financial Astrology Methodology to analyze the market, I predicted over 10s of profitable trades on FXStreet and Wave59.

AMA I am a full-time Forex trader. Using W.D Gann and Financial Astrology Methodology to analyze the market, I predicted over 10s of profitable trades on FXStreet and Wave59. submitted by khitwong to astrology [link] [comments]

The Mouthbreather's Guide to the Galaxy

The Mouthbreather's Guide to the Galaxy
Alright CYKAS, Drill Sgt. Retarded TQQQ Burry is in the house. Listen up, I'm gonna train yo monkey asses to make some motherfucking money.

“Reeee can’t read, strike?” - random_wsb_autist
Bitch you better read if you want your Robinhood to look like this:
gainz, bitch


Why am I telling you this?
Because I like your dumb asses. Even dickbutts like cscqb4. And because I like seeing Wall St. fucking get rekt. Y’all did good until now, and Wall St. is salty af. Just google for “retail traders” news if you haven’t seen it, and you’ll see the salty tears of Wall Street assholes. And I like salty Wall St. assholes crying like bitches.
https://www.zerohedge.com/markets/retail-investors-are-crushing-hedge-funds-again

That said, some of you here are really motherfucking dense & the sheer influx of retardation has been driving away some of the more knowledgeable folks on this sub. In fact, in my last post, y'all somehow managed to downvote to shit the few guys that really understood the points I was making and tried to explain it to you poo-slinging apes. Stop that shit yo! A lot of you need to sit the fuck down, shut your fucking mouth and listen.
So I'm going to try and turn you rag-tag band of dimwits into a respectable army of peasants that can clap some motherfucking Wall Street cheeks. Then, I'm going to give you a mouthbreather-proof trade that I don't think even you knuckleheads can mess up (though I may be underestimating you).
If you keep PM-ing me about your stupid ass losses after this, I will find out where you live and personally, PERSONALLY, shit on your doorstep.
This is going to be a long ass post. Read the damned post. I don't care if you're dyslexic, use text-to-speech. Got ADHD? Pop your addys, rub one out, and focus! Are you 12? Make sure to go post in the paper trading contest thread first.

THE RULES:
  1. Understand that most of this sub has the critical reading skills of a 6 year old and the attention span of a goldfish. As such, my posts are usually written with a level of detail aimed at the lowest common denominator. A lot of details on the thesis are omitted, but that doesn't mean that the contents in the post are all there is to it. If I didn't do that, every post'd have to be longer than this one, and 98% of you fucks wouldn't read it anyway. Fuck that.
  2. Understand that my style of making plays is finding the >10+ baggers that are underpriced. As such, ALL THE GOD DAMN PLAYS I POST ARE HIGH-RISK / HIGH-REWARD. Only play what you can afford to risk. And stop PM-ing me the second the market goes the other way, god damn it! If you can't manage your own positions, I'm going to teach your ass the basics.
  3. Do you have no idea what you're doing and have a question? Google it first. Then google it again. Then Bing it, for good measure. Might as well check PornHub too, you never know. THEN, if you still didn't find the answer, you ask.
  4. This sub gives me Tourette's. If you got a problem with that, well fuck you.

This shit is targeted at the mouthbreathers, but maybe more knowledgeable folk’ll find some useful info, idk. How do you know if you’re in the mouthbreather category? If your answer to any of the following questions is yes, then you are:
  • Are you new to trading?
  • Are you unable to manage your own positions?
  • Did you score into the negatives on the SAT Critical Reading section?
  • Do you think Delta is just an airline?
  • Do you buy high & sell low?
  • Do you want to buy garbage like Hertz or American Airlines because it's cheap?
  • Did you buy USO at the bottom and are now proud of yourself for making $2?
  • Do you think stOnKs oNLy Go uP because Fed brrr?
  • Do you think I'm trying to sell you puts?
  • If you take a trade you see posted on this sub and are down, do you PM the guy posting it?
  • Do you generally PM people on this sub to ask them basic questions?
  • Is your mouth your primary breathing apparatus?
Well I have just the thing for you!


Table of Contents:
I. Maybe, just maybe, I know what I’m talking about
II. Post-mortem of the February - March 2020 Great Depression
III. Mouthbreather's bootcamp on managing a position – THE TECHNICALS
IV. Busting your retarded myths
V. LIQUIDITY NUKE INBOUND
VI. The mouthbreather-proof trade - The Akimbo
VII. Quick hints for non-mouthbreathers


Chapter I - Maybe, just maybe, I know what I’m talking about
I'm not here to rip you off. Every fucking time I post something, a bunch of dumbasses show up saying I'm selling you puts or whatever the fuck retarded thoughts come through their caveman brains.
"hurr durr OP retarded, OP sell puts" - random_wsb_autist
Sit down, Barney, I'm not here to scam you for your 3 cents on OTM puts. Do I always get it right? Of course not, dumbasses. Eurodollar play didn't work out (yet). Last TQQQ didn't work out (yet). That’s just how it goes. Papa Buffet got fucked on airlines. Plain retard Burry bought GME. What do you fucking expect?
Meanwhile, I keep giving y'all good motherfucking plays:
  1. 28/10/2019: "I'ma say this again, in case you haven't heard me the first time. BUY $JNK PUTS NOW!". Strike: "11/15, 1/17 and 6/19". "This thing can easily go below 50, so whatever floats your boat. Around $100 strike is a good entry point."
  2. 3/9/2020: "I mean it's a pretty obvious move, but $JNK puts."
  3. 3/19/2020, 12pm: "UVXY put FDs are free money." & “Buy $UVXY puts expiring tomorrow if we're still green at 3pm. Trust me.”
  4. 3/24/2020: “$UUP 3/27 puts at $27.5 or $27 should be 10-baggers once the bill passes. I'd expect it to go to around $26.”
And of course, the masterpiece that was the TQQQ put play.
Chapter II. Post-mortem of the February - March 2020 Great Depression
Do you really understand what happened? Let's go through it.
I got in puts on 2/19, right at the motherfucking top, TQQQ at $118. I told you on 2/24 TQQQ ($108) was going to shit, and to buy fucking puts, $90ps, $70ps, $50ps, all the way to 3/20 $30ps. You think I just pulled that out of my ass? You think I just keep getting lucky, punks? Do you have any idea how unlikely that is?
Well, let's take a look at what the fuckstick Kevin Cook from Zacks wrote on 3/5:
How Many Sigmas Was the Flash Correction Plunge?
"Did you know that last week's 14% plunge in the S&P 500 SPY was so rare, by statistical measures, that it shouldn't happen once but every 14,000 years?"
"By several measures, it was about a 5-sigma move, something that's not "supposed to" happen more than once in your lifetime -- or your prehistoric ancestors' lifetimes!
"According to general statistical principles, a 4-sigma event is to be expected about every 31,560 days, or about 1 trading day in 126 years. And a 5-sigma event is to be expected every 3,483,046 days, or about 1 day every 13,932 years."

On 3/5, TQQQ closed at $81. I just got lucky, right? You should buy after a 5-sigma move, right? That's what fuckstick says:
"Big sigma moves happen all the time in markets, more than any other field where we collect and analyze historical data, because markets are social beasts subject to "wild randomness" that is not found in the physical sciences.
This was the primary lesson of Nassim Taleb's 2007 book The Black Swan, written before the financial crisis that found Wall Street bankers completely ignorant of randomness and the risks of ruin."
I also took advantage of the extreme 5-sigma sell-off by grabbing a leveraged ETF on the Nasdaq 100, the ProShares UltraPro QQQ TQQQ. In my plan, while I might debate the merits of buying AAPL or MSFT for hours, I knew I could immediately buy them both with TQQQ and be rewarded very quickly after the 14% plunge."
Ahahaha, fuckstick bought TQQQ at $70, cuz that's what you do after a random 5-sigma move, right? How many of you dumbasses did the same thing? Don't lie, I see you buying 3/5 on this TQQQ chart:
https://preview.redd.it/9ks35zdla5151.png?width=915&format=png&auto=webp&s=2c90d08494c52a1b874575ee233624e61ac27620
Meanwhile, on 3/3, I answered the question "Where do you see this ending up at in the next couple weeks? I have 3/20s" with "under 30 imo".

Well good fucking job, because a week later on 3/11, TQQQ closed at $61, and it kept going.
Nomura: Market staring into the abyss
"The plunge in US equities yesterday (12 March) pushed weekly returns down to 7.7 standard deviations below the norm. In statistical science, the odds of a greater-than seven-sigma event of this kind are astronomical to the point of being comical (about one such event every 160 billion years).
Let's see what Stephen Mathai-Davis, CFA, CQF, WTF, BBQ, Founder and CEO of Q.ai - Investing Reimagined, a Forbes Company, and a major fucktard has to say at this point:

"Our AI models are telling us to buy SPY (the SPDR S&P500 ETF and a great proxy for US large-cap stocks) but since all models are based on past data, does it really make sense? "
"While it may or may not make sense to buy stocks, it definitely is a good time to sell “volatility.” And yes, you can do it in your brokerage account! Or, you can ask your personal finance advisor about it."
"So what is the takeaway? I don’t know if now is the right time to start buying stocks again but it sure looks like the probabilities are in your favor to say that we are not going to experience another 7 standard deviation move in U.S. Stocks. OTM (out-of-the-money) Put Spreads are a great way to get some bullish exposure to a rally in the SPY while also shorting such rich volatility levels."
Good job, fuckfaces. Y'all bought this one too, admit it. I see you buying on this chart:
https://preview.redd.it/s9344geza5151.png?width=915&format=png&auto=webp&s=ebaef4b1414d901e6dafe354206ba39eb03cb199
Well guess what, by 3/18, a week later, we did get another 5 standard deviation move. TQQQ bottomed on 3/18 at $32.73. Still think that was just luck, punk? You know how many sigmas that was? Over 12 god-damn sigmas. 12 standard deviations. I'd have a much better chance of guessing everyone's buttcoin private key, in a row, on the first try. That's how unlikely that is.
https://preview.redd.it/luz0s3kbb5151.png?width=587&format=png&auto=webp&s=7542973d56c42e13efd3502331ac6cc5aea42630
"Hurr durr you said it's going to 0, so you're retarded because it didn't go to 0" - random_wsb_autist
Yeah, fuckface, because the Fed bailed ‘em out. Remember the $150b “overnight repo” bazooka on 3/17? That’s what that was, a bailout. A bailout for shitty funds and market makers like Trump's handjob buddy Kenny Griffin from Citadel. Why do you think Jamie Dimon had a heart attack in early March? He saw all the dogshit that everyone put on his books.

https://preview.redd.it/8fqvt37ama151.png?width=3711&format=png&auto=webp&s=0b06ee5101685c5274c6641a62ee9eb1a2a3f3ee


Read:
https://dealbreaker.com/2020/01/griffin-no-show-at-white-house
https://www.cnbc.com/2020/03/11/bank-ceos-convene-in-washington-with-president-trump-on-coronavirus.html
https://www.proactiveinvestors.co.uk/companies/news/914736/market-makers--didn-t-show-up-for-work--macro-risk-ceo-says-914736.html
https://www.chicagobusiness.com/finance-banking/chicago-trading-firms-seek-more-capital
https://www.housingwire.com/articles/did-non-qm-just-disappear-from-the-market/
https://www.bloomberg.com/news/articles/2020-03-22/bruised-hedge-funds-ask-clients-for-fresh-cash-to-buy-the-dip
https://fin24.com/Markets/Bonds/rand-bonds-rally-after-reserve-bank-intervention-20200320

Yup, everyone got clapped on their stupidly leveraged derivatives books. It seems Citadel is “too big to fail”. On 3/18, the payout on 3/20 TQQQ puts alone if it went to 0 was $468m. And every single TQQQ put expiration would have had to be paid. Tens or hundreds of billions on TQQQ puts alone. I’d bet my ass Citadel was on the hook for a big chunk of those. And that’s just a drop in the bucket compared to all the other blown derivative trades out there.

https://preview.redd.it/9ww27p2qb5151.png?width=2485&format=png&auto=webp&s=78f24265f3ea08fdbb37a4325f15ad9b61b0c694
Y’all still did good, 3/20 closed at $35. That’s $161m/$468m payoff just there. I even called you the bottom on 3/17, when I saw that bailout:

"tinygiraffe21 1 point 2 months ago
Haha when? I’m loading up in 4/17 25 puts"
"dlkdev
Scratch that, helicopter money is here."
"AfgCric 1 point 2 months ago
What does that mean?"
"It means the Fed & Trump are printing trillions with no end in sight. If they go through with this, this was probably the bottom."

"hurr durr, it went lower on 3/18 so 3/17 wasn't the bottom" - random_wsb_autist
Idiot, I have no way of knowing that Billy boy Ackman was going to go on CNBC and cry like a little bitch to make everyone dump, so he can get out of his shorts. Just like I have no way of knowing when the Fed decides to do a bailout. But you react to that, when you see it.
Do you think "Oh no world's ending" and go sell everything? No, dumbass, you try to figure out what Billy's doing. And in this case it was pretty obvious, Billy saw the Fed train coming and wanted to close his shorts. So you give the dude a hand, quick short in and out, and position for Billy dumping his short bags.
Video of Billy & the Fed train

Here's what Billy boy says:
“But if they don’t, and the government takes the right steps, this hedge could be worth zero, and the stock market could go right back up to where it was. So we made the decision to exit.”
https://www.businessinsider.sg/bill-ackman-explains-coronavirus-trade-single-best-all-time-podcast-2020-5
Also, “the single best trade of all time.” my ass, it was only a 100-bagger. I gave y’all a 150-bagger.
So how could I catch that? Because it wasn't random, yo. And I'm here to teach your asses how to try to spot such potential moves. But first, the technical bootcamp.

Chapter III. Mouthbreather's bootcamp on managing a position – THE TECHNICALS

RULE 1. YOU NEVER BUY OPTIONS AT OPEN. You NEVER OVERPAY for an option. You never FOMO into buying too fast. You NEVER EVER NEVER pump the premium on a play.
I saw you fuckers buying over 4k TQQQ 5/22 $45 puts in the first minutes of trading. You pumped the premium to over $0.50 dudes. The play's never going to work if you do that, because you give the market maker free delta, and he's going to hedge that against you. Let me explain simply:

Let's say a put on ticker $X at strike $50 is worth $1, and a put at strike $51 is worth $2.
If you all fomo in at once into the same strike, the market maker algos will just pull the asks higher. If you overpay at $2 for the $50p, the market maker will just buy $51ps for $2 and sell you $50ps for 2$. Or he'll buy longer-dated $50ps and sell you shorter-dated $50ps. Max risk for him is now 0, max gain is $1. You just gave him free downside insurance, so of course he's going to start going long. And you just traded against yourself, congrats.

You need to get in with patience, especially if you see other autists here wanting to go in at the same time. Don't step on each other's toes. You put in an order, and you wait for it to fill for a couple of seconds. If it doesn't fill, AND the price of the option hasn't moved much recently, you can bump the bid $0.01. And you keep doing that a few times. Move your strikes, if needed. Only get a partial fill or don't get a fill at all? You cancel your bid. Don't fucking leave it hanging there, or you're going to put a floor on the price. Let the mm algos chill out and go again later.

RULE 2. WATCH THE TIME. Algos are especially active at x:00, x:02, x:08, x:12, x:30 and x:58. Try not to buy at those times.
RULE 3. YOU USE MULTIPLE BROKERS. Don't just roll with Robinhood, you're just gimping yourself. If you don't have another one, open up a tasty, IB, TD, Schwab, whatever. But for cheap faggy puts (or calls), Robinhood is the best. If you want to make a play for which the other side would think "That's free money!", Robinhood is the best. Because Citadel will snag that free money shit like no other. Seriously, if you don't have a RH account, open one. It's great for making meme plays.

RULE 4. YOU DON'T START A TRADE WITH BIG POSITIONS. Doesn't matter how big or small your bankroll is. If you go all-in, you're just gambling, and the odds are stacked against you. You need to have extra cash to manage your positions. Which leads to
RULE 5. MANAGING YOUR WINNERS: Your position going for you? Good job! Now POUND THAT SHIT! And again. Move your strikes to cheaper puts/calls, and pound again. And again. Snowball those gains.
RULE 6A. POUND THOSE $0.01 PUTS:
So you bought some puts and they’re going down? Well, the moment they reach $0.01, YOU POUND THOSE PUTS (assuming there’s enough time left on them, not shit expiring in 2h). $0.01 puts have amazing risk/return around the time they reach $0.01. This is not as valid for calls. Long explanation why, but the gist of it is this: you know how calls have unlimited upside while puts have limited upside? Well it’s the reverse of that.
RULE 6B. MANAGING YOUR LOSERS:
Your position going against you? Do you close the position, take your loss porn and post it on wsb? WRONG DUMBASS. You manage that by POUNDING THAT SHIT. Again and again. You don't manage losing positions by closing. That removes your gainz when the market turns around. You ever close a position, just to have it turn out it would have been a winner afterwards? Yeah, don't do that. You manage it by opening other positions. Got puts? Buy calls. Got calls? Buy puts. Turn positions into spreads. Buy spreads. Buy the VIX. Sell the VIX. They wanna pin for OPEX? Sell them options. Not enough bankroll to sell naked? Sell spreads. Make them fight you for your money, motherfuckers, don't just give it away for free. When you trade, YOU have the advantage of choosing when and where to engage. The market can only react. That's your edge, so USE IT! Like this:

Example 1:
Initial TQQQ 5/22 position = $5,000. Starts losing? You pound it.

https://preview.redd.it/gq938ty8e5151.png?width=944&format=png&auto=webp&s=734ab7ed517f0e6822bfaaed5765d1272de398d1
Total pounded in 5/22 TQQQ puts = $10,824. Unfortunately expired worthless (but also goes to show I'm not selling you puts, dickwads)
Then the autists show up:
"Hahaha you lost all your money nice job you fucking idiot why do you even live?" - cscqb4
Wrong fuckface. You see the max pain at SPX 2975 & OPEX pin coming? Sell them some calls or puts (or spreads).

https://preview.redd.it/7nv23fr41a151.jpg?width=750&format=pjpg&auto=webp&s=14a8879c975646ffbfe2942ca1982bfabfcf90df
Sold 9x5/20 SPX [email protected], bam +$6,390. Still wanna pin? Well have some 80x5/22 TQQQ $80cs, bam anotha +$14,700.

https://preview.redd.it/1iqtpmc71a151.jpg?width=750&format=pjpg&auto=webp&s=df9b954131b0877f4acc43038b4a5a4acf544237
+$21,090 - $10,824 = +$10,266 => Turned that shit into a +94.85% gain.

.cscqb4 rn

You have a downside position, but market going up or nowhere? You play that as well. At least make some money back, if not profit.

Example 2:

5/22, long weekend coming right? So you use your brain & try to predict what could happen over the 3-day weekend. Hmm, 3 day weekend, well you should expect either a shitty theta-burn or maybe the pajama traders will try to pooomp that shite on the low volume. Well make your play. I bet on the shitty theta burn, but could be the other, idk, so make a small play.

Sold some ES_F spreads (for those unaware, ES is a 50x multiplier, so 1 SPX = 2 ES = 10 SPY, approximately). -47x 2955/2960 bear call spreads for $2.5. Max gain is $2.5, max loss is 2960-2955 = $5. A double-or-nothing basically. That's $5,875 in premium, max loss = 2x premium = $11,750.
Well, today comes around and futures are pumping. Up to 3,014 now. Do you just roll over? You think I'm gonna sit and take it up the ass? Nah bros that's not how you trade, you fucking fight them. How?
I have:
47x 2960 calls
-47x 2955 calls

Pajama traders getting all up in my grill? Well then I buy back 1 of the 2955 calls. Did that shit yesterday when futures were a little over 2980, around 2982-ish. Paid $34.75, initially shorted at $16.95, so booked a -$892 loss, for now. But now what do I have?

46x 2955/2960 bear calls
1x 2960 long call

So the fuckers can pump it. In fact, the harder they pump it, the more I make. Each $2.5 move up in the futures covers the max loss for 1 spread. With SPX now at ~3015, that call is $55 ITM. Covers 24/46 contracts rn. If they wanna run it up, at 3070 it's break-even. Over that, it's profit. I'll sell them some bear call spreads over 3050 if they run it there too. They gonna dump it? well under 2960 it's profit time again. They wanna do a shitty pin at 3000 today? Well then I'll sell them some theta there.
Later edit: that was written yesterday. Got out with a loss of only $1.5k out of the max $5,875. Not bad.
And that, my dudes, is how you manage a position.

RULE 7 (ESPECIALLY FOR BEARS). YOU DON'T KEEP EXTRA CASH IN YOUR BROKER ACCOUNT. You don't do it with Robinhood, because it's a shitty dumpsterfire of a broker. But you don't do it with other brokers either. Pull that shit out. Preferably to a bank that doesn't play in the markets either, use a credit union or some shit. Why? Because you're giving the market free liquidity. Free margin loans. Squeeze that shit out, make them work for it. Your individual cash probably doesn't make a dent, but a million autists with an extra $1200 trumpbucks means $1.2b. That's starting to move the needle. You wanna make a play, use instant deposits. And that way you don't lose your shit when your crappy ass broker or bank gets its ass blown up on derivative trades. Even if it's FDIC or SIPC insured, it's gonna take time until you see that money again.


Chapter IV. BUSTING YOUR RETARDED MYTHS

MYTH 1 - STONKS ONLY GO UP

Do you think the market can go up forever? Do you think stOnKs oNLy Go uP because Fed brrr? Do you think SPX will be at 5000 by the end of the month? Do you think $1.5 trillion is a good entry point for stonks like AAPL or MSFT? Do you want to buy garbage like Hertz or American Airlines because it's cheap? Did you buy USO at the bottom and are now proud of yourself for making $2? Well, this section is for you!
Let's clear up the misconception that stonks only go up while Fed brrrs.

What's your target for the SPX top? Think 3500 by the end of the year? 3500 by September? 4000? 4500? 5000? Doesn't matter, you can plug in your own variables.

Let's say SPX only goes up, a moderate 0.5% each period as a compounded avg. (i.e. up a bit down a bit whatever, doesn't matter as long as at the end of your period, if you look back and do the math, you'll get that number). Let's call this variable BRRR = 0.005.

Can you do the basic math to calculate the value at the end of x periods? Or did you drop out in 5th grade? Doesn't matter if not, I'll teach you.


Let's say our period is one week. That is, SPX goes up on average 0.5% each week on Fed BRRR:
2950 * (1.005^x), where x is the number of periods (weeks in this case)

So, after 1 month, you have: 2950 * (1.005^4) = 3009
After 2 months: 2950 * (1.005^8) = 3070
End of the year? 2950 * (1.005^28) = 3392

Now clearly, we're already at 3015 on the futures, so we're moving way faster than that. More like at a speed of BRRR = 1%/wk

2950 * (1.01^4) = 3069
2950 * (1.01^8) = 3194
2950 * (1.01^28) = 3897


Better, but still slower than a lot of permabulls would expect. In fact, some legit fucks are seriously predicting SPX 4000-4500 by September. Like this dude, David Hunter, "Contrarian Macro Strategist w/40+ years on Wall Street". IDIOTIC.
https://twitter.com/DaveHcontrarian/status/1263066368414568448

That'd be 2950 * (BRRR^12) = 4000 => BRRR = 1.0257 and 2950 * (BRRR^12) = 4500 => BRRR = 1.0358, respectively.

Here's why that can't happen, no matter the amount of FED BRRR: Leverage. Compounded Leverage.

There's currently over $100b in leveraged etfs with a 2.5x avg. leverage. And that's just the ones I managed to tally, there's a lot of dogshit small ones on top of that. TQQQ alone is now at almost $6b in AUM (topped in Fed at a little over $7b).

Now, let's try to estimate what happens to TQQQ's AUM when BRRR = 1.0257. 3XBRRR = 1.0771. Take it at 3XBRRR = 1.07 to account for slippage in a medium-volatility environment and ignore the fact that the Nasdaq-100 would go up more than SPX anyway.

$6,000,000,000 * (1.07^4) = $7,864,776,060
$6,000,000,000 * (1.07^8) = $10,309,100,000
$6,000,000,000 * (1.07^12) = $13,513,100,000
$6,000,000,000 * (1.07^28) = $39,893,000,000.

What if BRRR = 1.0358? => 3XBRR = 1.1074. Take 3XBRRR = 1.10.
$6,000,000,000 * (1.1^4) = $8,784,600,000
$6,000,000,000 * (1.1^8) = $12,861,500,000
$6,000,000,000 * (1.1^12) = $18,830,600,000
$6,000,000,000 * (1.1^28) = $86,526,000,000

And this would have to get 3x leveraged every day. And this is just for TQQQ.

Let's do an estimation for all leveraged funds. $100b AUM, 2.5 avg. leverage factor, BRRR = 1.0257 => 2.5BRRR = 1.06425

$100b * (1.06^4) = $128.285b
$100b * (1.06^8) = $159.385b
$100b * (1.06^12) = $201.22b
$100b * (1.06^28) = $511.169b

That'd be $1.25 trillion sloshing around each day. And the market would have to lose each respective amount of cash into these leveraged funds. Think the market can do that? You can play around with your own variables. But understand that this is just a small part of the whole picture, many other factors go into this. It's a way to put a simple upper limit on an assumption, to check if it's reasonable.

In the long run, it doesn't matter if the Fed goes BRRR, if TQQQ takes in it's share of 3XBRRR. And the Fed can't go 3XBRRR, because then TQQQ would take in 9XBRRR. And on top of this, you have a whole pile of leveraged derivatives on top of these leveraged things. Watch (or rewatch) this: Selena Gomez & Richard H. Thaler Explaining Synthetic CDO through BLACKJACK

My general point, at the mouth-breather level, is that Fed BRRR cannot be infinite, because leverage.
And these leveraged ETFs are flawed instruments in the first place. It didn't matter when they started out. TQQQ and SQQQ started out at $8m each. For the banks providing the swaps, for the market providing the futures contracts, whatever counter-party to whatever instrument they would use, that was fine. Because it balanced out. When TQQQ made a million, SQQQ lost a million (minus a small spread, which was the bank's profit). Bank was happy, in the long run things would even out. Slippage and spreads and fees would make them money. But then something happened. Stonks only went up. And leveraged ETFs got bigger and more and more popular.
And so, TQQQ ended up being $6-7b, while SQQQ was at $1b. And the same goes for all the other ETFs. Long leveraged ETF AUM became disproportionate to short AUM. And it matters a whole fucking lot. Because if you think of the casino, TQQQ walks up every day and says "I'd like to put $18b on red", while SQQQ walks up and says "I'd only like to put $3b on black". And that, in turn, forces the banks providing the swaps to either eat shit with massive losses, or go out and hedge. Probably a mix of both. But it doesn't matter if the banks are hedged, someone else is on the other side of those hedges anyway. Someone's eating a loss. Can think of it as "The Market", in general, eating the loss. And there's only so much loss the market can eat before it craps itself.

If you were a time traveller, how much money do you think you could make by trading derivatives? Do you think you could make $20 trillion? You know the future prices after all... But no, you couldn't. There isn't enough money out there to pay you. So you'd move the markets by blowing them up. Call it the Time-travelling WSB Autist Paradox.

If you had a bucket with a hole in the bottom, even if you poured an infinite amount of water into it, it would never be full. Because there's a LIQUIDITY SINK, just like there is one in the markets.
And that, my mouth-breathing friends, is the reason why FED BRRR cannot be infinite. Or alternatively, "STONKS MUST GO BOTH UP AND DOWN".

MYTH 2 - YOU CAN'T TIME THE MARKET

On Jan 14, 2020, I predicted this: Assuming that corona doesn't become a problem, "AAPL: Jan 28 $328.3, Jan 31 $316.5, April 1 $365.7, May 1 $386, July 1 $429 December 31 $200."
Now take a look at the AAPL chart in January. After earnings AAPL peaked at $327.85. On 1/31, after the 1st hour of trading, when the big boys make moves, it was at $315.63. Closed 1/31 at $309.51. Ya think I pulled this one out of my ass too?
Yes you can time it. Flows, motherfucker, flows. Money flow moves everything. And these days, we have a whole lot of RETARDED FLOW. Can't even call it dumb flow, because it literally doesn't think. Stuff like:

  • ETF flows. If MSFT goes up and AAPL goes down, part of that flow is going to move from AAPL to MSFT. Even if MSFT flash-crashes up to $1000, the ETF will still "buy". Because it's passive.
  • Option settlement flows. Once options expire, money is going to flow from one side to another, and that my friends is accurately predictable from the data.
  • Index rebalancing flows
  • Buyback flows
  • 401k passive flows
  • Carry trade flows
  • Tax day flows
  • Flows of people front-running the flows

And many many others. Spot the flow, and you get an edge. How could I predict where AAPL would be after earnings within 50 cents and then reverse down to $316 2 days later? FLOWS MOTHERFUCKER FLOWS. The market was so quiet in that period, that is was possible to precisely figure out where it ended up. Why the dump after? Well, AAPL earnings (The 8-K) come out on a Wednesday. The next morning, after market opens the 10-Q comes out. And that 10-Q contains a very important nugget of information: the latest number of outstanding shares. But AAPL buybacks are regular as fuck. You can predict the outstanding shares before the market gets the 10-Q. And that gives you EDGE. Which leads to

MYTH 3 - BUYBACKS DON'T MATTER

Are you one of those mouthbreathers that parrots the phrase "buybacks are just a tax-efficient way to return capital to shareholders"? Well sit the fuck down, I have news for you. First bit of news, you're dumb as shit. Second bit:

On 1/28, AAPL's market cap is closing_price x free_float_outstanding_shares. But that's not the REAL MARKET CAP. Because the number of outstanding shares is OLD AS FUCK. When the latest number comes out, the market cap changes instantly. And ETFs start moving, and hedges start being changed, and so on.

"But ETFs won't change the number of shares they hold, they will still hold the same % of AAPL in the index" - random_wsb_autist

Oh my fucking god you're dumb as fuck. FLOWS change. And the next day, when TQQQ comes by and puts its massive $18b dong on the table, the market will hedge that differently. And THAT CAN BE PREDICTED. That's why AAPL was exactly at $316 1 hour after the market opened on 1/31.

So, what can you use to spot moves? Let me show you:
Market topped on 2/19. Here’s SPY. I even marked interesting dates for you with vertical lines.

https://preview.redd.it/7agm171eh5151.png?width=3713&format=png&auto=webp&s=d94b90dcd634c8dc688925585bf0a02c3299f71b
Nobody could have seen it coming, right? WRONG AGAIN. Here:

https://preview.redd.it/i1kdp3cgh5151.png?width=3713&format=png&auto=webp&s=7a1e086e9217846547efd3b6c5249f4a7ebe6d9e
In fact, JPYUSD gave you two whole days to see it. Those are NOT normal JPYUSD moves. But hey maybe it’s just a fluke? Wrong again.

https://preview.redd.it/fsyhenckh5151.png?width=3693&format=png&auto=webp&s=03200e10b008257ae15d40b474c4cf4d8c23670f
Forex showed you that all over the place. Why? FLOWS MOTHERFUCKER FLOWS. When everything moves like that, it means the market needs CASH. It doesn’t matter why, but remember people pulling cash out of ATMs all over the world? Companies drawing massive revolvers? Just understand what this flow means.
The reversal:
https://preview.redd.it/4xe97l0oh5151.png?width=1336&format=png&auto=webp&s=07aaa93f6b1d8f542101e40e431edccbc109918f
https://preview.redd.it/v6i0pdmoh5151.png?width=1338&format=png&auto=webp&s=74d5589961db2f978d4d582e6d7c58a85f6305f9
But it wasn’t just forex. Gold showed it to you as well. Bonds showed it to you as well.
https://preview.redd.it/40j53u8th5151.png?width=3711&format=png&auto=webp&s=fe39ab51321d0f98149d33e33253e69f96c48e23
Even god damn buttcoin showed it to you.
https://preview.redd.it/43lvafhvh5151.png?width=3705&format=png&auto=webp&s=1ef53283cbc0fb97f71c1ba935c0bd747809636e
And they all did it for 2 days before the move hit equities.

Chapter V. LIQUIDITY NUKE INBOUND
You see all these bankruptcies that happened so far, and all the ones that are going to follow? Do you think that’s just dogshit companies and it won’t have major effects on anything outside them? WRONG.
Because there’s a lot of leveraged instruments on top of those equities. When the stock goes to 0, all those outstanding puts across all expirations get instantly paid.
Understand that Feb-March was a liquidity MOAB. But this will end with a liquidity nuke.
Here’s just HTZ for example: $239,763,550 in outstanding puts. Just on a single dogshit small-cap company (this thing was like $400m mkt. cap last week).
And that’s just the options on the equity. There’s also instruments on etfs that hold HTZ, on the bonds, on the ETFs that hold their bonds, swaps, warrants, whatever. It’s a massive pile of leverage.
Then there’s also the ripple effects. Were you holding a lot of HTZ in your brokerage margin account? Well guess what big boi, when that gaps to 0 you get a margin call, and then you become a liquidity drain. Holding long calls? 0. Bonds 0. DOG SHIT!
And the market instantly goes from holding $x in assets (HTZ equity / bonds / calls) to holding many multiples of x in LIABILITIES (puts gone wrong, margin loans, derivatives books, revolvers, all that crap). And it doesn’t matter if the Fed buys crap like HTZ bonds. You short them some. Because when it hits 0, it’s no longer about supply and demand. You get paid full price, straight from Jerome’s printer. Is the Fed going to buy every blown up derivative too? Because that's what they'd have to do.
Think of liquidity as a car. The faster it goes, the harder it becomes to go even faster. At some point, you can only go faster by driving off a cliff. THE SQUEEZE. But you stop instantly when you hit the ground eventually. And that’s what shit’s doing all over the place right now.
Rewatch: https://www.youtube.com/watch?v=3hG4X5iTK8M
And just like that fucker, “I’m standing in front of a burning house, and I’m offering you fire insurance on it.”

Don’t baghold!
Now is not the time to baghold junk. Take your cash. Not the time to buy cheap crap. You don’t buy Hertz. You don’t buy USO. You don’t buy airlines, or cruises, or GE, or motherfucking Disney. And if you have it, dump that shit.
And the other dogshit that’s at ATH, congrats you’re in the green. Now you take your profits and fucking dump that shit. I’m talking shit like garbage SaaS, app shit, AI shit, etc. Garbage like MDB, OKTA, SNAP, TWLO, ZM, CHGG etc.
And you dump those garbage ass leveraged ETFs. SQQQ, TQQQ, whatever, they’re all dogshit now.
The leverage MUST unwind. And once that’s done, some of you will no longer be among us if you don’t listen. A lot of leveraged ETFs will be gone. Even some non-leveraged ETFs will be gone. Some brokers will be gone, some market makers will be gone, hell maybe even some big bank has to go under. I can’t know which ones will go poof, but I can guarantee you that some will. Another reason to diversify your shit. There’s a reason papa Warrant Buffet dumped his bags, don’t think you’re smarter than him. He may be senile, but he’s still a snake.
And once the unwind is done, THEN you buy whatever cheap dogshit’s still standing.
Got it? Good.
You feel ready to play yet? Alright, so you catch a move. Or I post a move and you wanna play it. You put on a small position. When it’s going your way, YOU POUND DAT SHIT. Still going? Well RUSH B CYKA BLYAT AND PLANT THE GOD DAMN 3/20 $30p BOMB.

Chapter VI - The mouthbreather-proof play - THE AKIMBO
Still a dumbass that can’t make a play? Still want to go long? Well then, I got a dumbass-proof trade for you. I present to you THE AKIMBO:

STEP 1. You play this full blast. You need some real Russian hardbass to get you in the right mood for trading, cyka.
STEP 2. Split your play money in 3. Remember to keep extra bankroll for POUNDING THAT SHIT.
STEP 3. Use 1/3 of your cash to buy SQQQ 9/18 $5p, pay $0.05. Not more than $0.10.
STEP 4. Use 1/3 of your cash to buy TQQQ 9/18 $20p, pay around $0.45. Alternatively, if you’re feeling adventurous, 7/17 $35p’s for around $0.5.
STEP 5. Use 1/3 of your cash to buy VIX PUT SPREADS 9/15 $21/$20 spread for around $0.15, no more than $0.25. That is, you BUY the 21p and SELL the 20p. Only using Robinhood and don’t have the VIX? What did I just tell you? Well fine, use UVXY then. Just make sure you don’t overpay.


Chapter VII - Quick hints for non-mouthbreathers
Quick tips, cuz apparently I'm out of space, there's a 40k character limit on reddit posts. Who knew?

  1. Proshares is dogshit. If you don't understand the point in my last post, do this: download https://accounts.profunds.com/etfdata/ByFund/SQQQ-historical_nav.csv and https://accounts.profunds.com/etfdata/ByFund/SQQQ-psdlyhld.csv. Easier to see than with TQQQ. AUM: 1,174,940,072. Add up the value of all the t-bills = 1,686,478,417.49 and "Net other assets / cash". It should equal the AUM, but you get 2,861,340,576. Why? Because that line should read: NET CASH = -$511,538,344.85
  2. Major index rebalancing June 22.
  3. Watch the violent forex moves.
  4. 6/25 will be red. Don't ask, play a spread, bag a 2x-er.
  5. 6/19 will be red.
  6. Not settled yet, but a good chance 5/28 is red.
  7. Front run the rebalance. Front-run the front-runners of the rebalance too. TQQQ puts.
  8. Major retard flow in financials yesterday. Downward pressure now. GS 180 next weeks looks good.
  9. Buy leaps puts on dogshit bond ETFs (check holdings for dogshit)
  10. Buy TLT 1/15/2021 $85ps for cheap, sell over $1 when the Fed stops the ass rape, rinse and repeat
  11. TQQQ flow looks good:
https://preview.redd.it/untvykuxea151.jpg?width=750&format=pjpg&auto=webp&s=a0a38c0acb088ebff689d043e48466eb76d38e2f

Good luck. Dr. Retard TQQQ Burry out.
submitted by dlkdev to wallstreetbets [link] [comments]

H1 Backtest of ParallaxFX's BBStoch system

Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.
TL;DR at the bottom for those not interested in the details.
This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished.

Background

For those of you not familiar, please see the various threads on this trading system here. I can't take credit for this system, all glory goes to ParallaxFX!
I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose.
This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem.
I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested.

System Details

I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here:

And now for the fun. Results!

As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker.
EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding.

A Note on Spread

As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits.
Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(~1% either way).
However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to 37.94% if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades.
You can get your profits all the way up to 48.43% at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term.
Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless.

Time of Day

Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either.
On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time):
I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate.
That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups.

Moving stops up to breakeven

This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers.
Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability.
One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)?
Well, some complex excel formulas later and here's what the results appear to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place.
Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right?
Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario:
From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert.
I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall.
The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer.

2-Candle vs Confirmation Candle Stops

Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it.
Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL.
Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it.

Correlated Trades

As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular.
Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system.
This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here).
Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses.
Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels).
Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant.
One more funny tidbit: EUCAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak.
EDIT: WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking.
To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much.
I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system.
This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions.
There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated.
I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful.
Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong.

What I will trade

Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps):
Looking at the data for these rules, test results are:
I'll be sure to let everyone know how it goes!

Other Technical Details

Raw Data

Here's the spreadsheet for anyone that'd like it. (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.)
I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together.

Insanely detailed spreadsheet notes

For you real nerds out there. Here's an explanation of what each column means:

Pairs

  1. AUD/CAD
  2. AUD/CHF
  3. AUD/JPY
  4. AUD/NZD
  5. AUD/USD
  6. CAD/CHF
  7. CAD/JPY
  8. CHF/JPY
  9. EUAUD
  10. EUCAD
  11. EUCHF
  12. EUGBP
  13. EUJPY
  14. EUNZD
  15. EUUSD
  16. GBP/AUD
  17. GBP/CAD
  18. GBP/CHF
  19. GBP/JPY
  20. GBP/NZD
  21. GBP/USD
  22. NZD/CAD
  23. NZD/CHF
  24. NZD/JPY
  25. NZD/USD
  26. USD/CAD
  27. USD/CHF
  28. USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:
submitted by ForexBorex to Forex [link] [comments]

My timeline of 20 years of trading (good and bad) to profitability

Tips for picking mentors
This is what works for me, and what I would tell my younger self. Don't let anyone tell you who's good or not, and who's helpful or not. Always start with an open mind. I follow Ferrari flashing you tube traders and dry professorial educators who use pen and paper. All that matters is that they help you make money.
I am 41.
16 (1995): Started designing web pages for friends and family and local businesses.
18 (1997): Opened my first account with $10k on parents advise but had little interest. Started a pro-gaming league hosting tournaments around the country for Starcraft.
20: (1999) Had an established client based now (LSU Tigers website and first online auction service, Texas Roadhouse, et al)
Saved $25k now from working. Decided to pay taxes for the first time. Suddenly became very conservative (fiscally) and wanted to know how to make back the money the Government just stole from me (preferably directly from them).
  1. (2001) Became very ill and had to drop out of college and quit my businesses. I slowly lost every friend and contact I had made since childhood.
  2. Spent the last 15 years Warren-Buffetting (buying things I know that seem affordable) my way up and down from 5$k - $35k. I was good enough to be able to take money out to live and had a little family money (from a portion of a family insurance company I provided services for) that I lived comfortably. I blew up a few times a long the way and didn't know what a candlestick was.
  3. Went into liver failure and ICU at Mayo Clinic. Got out a year later weighing 90 pounds.
39-41. Started turning a corner. I started reading Daytrading and met an ex-gambler (gone now) who was posting occasional watch lists of gappers and ran a discord chatroom calling breakout ORB5 setups. I noticed he picked a lot of winners and did not want to copy him but wanted to know HOW he picked them. I joined his room. I think he had started it the day before because there were like 3 of us. He was offering instruction on how to scan for break out long and short possibilies on FinViz. (Long https://bit.ly/2ZV8LQK: Short: https://bit.ly/2O6oo2B )
I was literally like.. "whats a vwap". He was so patient with me and we became friends. He moved on to bigger goals since then but we are still in touch. I was making nearly $2k a day following his alerts. He was a good mentor (luckily) because he never told me entries or exits. he would tell me his thoughts but never specifics - that was up to me. I learned a great deal from him, but once he left I could not pick the winners like he could. I could trade stocks but I could not pick stocks. I wanted to find winners on my own. I ended up paying him about $90 for a an hour "lesson" after we quite some time but I was already profitable and already knew everything he went over but I wanted to support him and be his first paid endoresement. He was so good at picking winners and losers that he was actually offered a lucritive private job and he accepted. He was the first person who changed my trading life.
(I did pay for a couple "indicators and services" and that I ..learned a lot from the lesson in stupidity they gave me but will not mention them by name. I'm sure my timing on things is a little off on details. When I say I bought an "indicator" this means a specific tool used to do something that I cannot do myself or to make up for a weakness I have (counting waves). Not a "green arrow buy and green arrow to sell" indicator.)
I literally googled "how to stop having trades turn against you" and watched a video I would later learn was on Stochstic Divergences from someone named Barry Burns. I researched him and watched about a hundred of his videos and was fascinated. I read one concerning review but then read that the person never took his courses and was just made because he would not provide financial statements as proof he was a profitable trader. (he does not give trade alerts, he's just an instructor so he never does this). I took a webinar on the weekend. He does one weekly at least. He asked for 250 people max and a thousand showed up. He had a chatbox and answered my question personally so after that I felt confident enough to pay him for course. I emailed him and he responded personally with a course outline. I took a beginner course and was dying to learn more. He just happened to have a special for basically every course he's ever done for half the cost. I decided this was a way to trade that spoke to my strengths and I wanted to try to master it so I did it all. Beginner to masterclass, trends, scalps, reversals, fib, cycles, waves, crosses, sector research, futures, options, stocks, forex, minute charts to yearly, tick , heikin ashi, divergences.. it went on and on and I ate it up with a spoon. At the same time I started reading books. We correspond through emails still and sometime's hes busy. I don't know if he even knows who I am but he was the second person who changed my trading life.
I knew a lot but I was losing (often more) money. I was a "doctor" (maybe an high-school nurse) who had read a book on surgery but never done it and said "sure.. I can transplant a heart!"
Rather than focus on my teachings and understanding what I was learning, I got impatient and moved on too quickly. Anything I mention I did find helpful but not always at the time that I found it. I should have mastered each item then added to my already profitable program. I had neither of those things. The course I took from Barry Burns had some custom indicators for some platforms, but none I used. They were not "premium indicators" so to speak of little buy now arrows, but simply auto labeling of waves and cycles, auto drawing of some divergences etc. He teaches counting different from anyone else I've seen so standard Elliot wave theory did not work. I was frustrated. I was wondering if I made a mistake learning something differently than other people. (in the end it was irrelevant. It was an understanding of concepts and theory that mattered. The means by which you learned it is far less important. I would definitely take his courses again as my entry into trading if I did it again)
I knew how to trade I did not know what or when to trade them. I found a man named Robert Payne. He writes custom indicators for thinkorswim, many of which are are only available on other platforms. I had a lot of programming experience so I bought a couple of things from him and started studying his code. He was amazing! His code is top quality and his indicators actually were very good. And they did start helping me find a few setups. But they were expensive and nothing lasted. I would buy a Wolfe Wave indicator and learn to trade it but not understand what it was doing. We e-mailed back and fourth for a little while as he was teaching me how to use his stuff. He introduced me to a number of people (who often were behind the original indicators he was trying to replicate) and for that I am most grateful to him. The first and most influential to me later was Scott Carney.
Scott runs HarmonicTrader.com. He sells a very reasonable (I think its like 20 bucks a month when he does a sale) where you get a morning trade meeting about the market and futures commodities harmonics that are setting up, a harmonic pattern indicator for almost any platform (some are far better than others)) and books and videos all focused on this one thing he has dedicated his life to.
I went to culinary school for a year. My first Chef instructor told our class on day one: "always source from people who specialize in one thing". On dozens of trips to Mexico in my youth we would drive ATC's up dirt roads to these small shacks. The last house on the left was Lupe and she always had a baby in one arm and a ladle in the other where she pour tortilla batter on a griddle press. I doubt it was clean, everything was covered in dirt from the windy sandy landscape - but they were the best damn tortilla's in the world.
Scott Carney is my chubby little Mexican goddess of trading Harmonic patterns and the third person who changed my trading life. (and he would not be happy if I called him that)
At this point I was struggling to find tradable stocks still. I started leaving all my chatrooms and twitter groups and message boards. I limit my twitter to people who trade better than me or up-my-game in some way. I try not to "mingle" with people of my skill level too much. I want to be challenged constantly.
I met a few more mentors but no more paid programs. Instead I pay for services like good websites and platforms that help me make my own decisions. I started associating and following expert technicians and I learn from every day and week in videos charts and tweets.
Now when I see this:
https://chrt.biz/LOVE/12425esmrhl/chart/
This is what I see in my head.
https://chrt.biz/LOVE/12425equ72v/chart/
and when I see this
https://chrt.biz/CCH/12425esm49g/chart/
I see this
https://chrt.biz/CCH/12425eqxxj4
And when I have nothing to trade, I can write my own scan and find my own winner and trade it without outside help.
There was no short cut. I put hours and hours and hour and hours in charting a hundred charts a day. Repetition = learning. Just make sure you are learning something you won't regret.
submitted by UncleRyan79 to UncleRyanAZ [link] [comments]

Trading location

I am a forex trader in srilanka, I’ve been trading currencies for the last 3 years now, 2 of which have been full time. I am currently looking to move to another country, because although the low taxes make srilanka an attractive location, the lack of political stability and strict laws on capital movement out of the country have hindered my capital growth. I did some research and all sources point to Thailand, is that the only solution or are there any other locations I can move to with low taxes?
submitted by kokid182 to Forex [link] [comments]

Some tips for Choosing a Mentor

This is what works for me, and what I would tell my younger self. Don't let anyone tell you who's good or not, and who's helpful or not. Always start with an open mind. I follow Ferrari flashing you tube traders and dry professorial educators who use pen and paper. All that matters is that they help you make money.
Top portion are tips. I posted a long outline below of my timeline (shorter version of my first post) and good and bad decisions I made. I'm not always sure what information helps people. I enjoyed posts like this while I was learning.
Tips

My Timeline
  1. Saved $25k from self employment. Decided to pay taxes for the first time. Suddenly became very conservative (fiscally) and wanted to know how to make back the money the Government just took from me (preferably directly from them).
  2. (2001) Became very ill and had to drop out of college and quit my work.
  3. Spent the next 15 years Warren-Buffetting (buying things I know that seem affordable) my way up and down. I was good enough to be able to take money out to live comfortably. I blew up a few times a long the way and didn't know what a candlestick was.
  4. 3-4 years in a health crisis
38-40. Started turning a corner. I started reading Daytrading and met an ex-gambler (gone now) who was posting occasional watch lists of gappers and ran a discord chatroom calling breakout ORB5 setups. I noticed he picked a lot of winners and did not want to copy him but wanted to know HOW he picked them. I joined his room. I think he had started it the day before because there were like 3 of us. He was offering instruction on how to scan for break out long and short possibilies on FinViz. (Long https://bit.ly/2ZV8LQK: Short: https://bit.ly/2O6oo2B )
I was literally like.. "whats a vwap". He was so patient with me and we became friends. He moved on to bigger goals since then but we are still in touch. I was making nearly $2k a day following his alerts. He was a good mentor (luckily) because he never told me entries or exits. he would tell me his thoughts but never specifics - that was up to me. I learned a great deal from him, but once he left I could not pick the winners like he could. I could trade stocks but I could not pick stocks. I wanted to find winners on my own. I ended up paying him about $90 for a an hour "lesson" after we quite some time but I was already profitable and already knew everything he went over but I wanted to support him and be his first paid endoresement. He was so good at picking winners and losers that he was actually offered a lucritive private job and he accepted. He was the first person who changed my trading life.
(I did pay for a couple "indicators and services" and that I ..learned a lot from the lesson in stupidity they gave me but will not mention them by name. I'm sure my timing on things is a little off on details. When I say I bought an "indicator" this means a specific tool used to do something that I cannot do myself or to make up for a weakness I have (counting waves). Not a "green arrow buy and green arrow to sell" indicator.)
I literally googled "how to stop having trades turn against you" and watched a video I would later learn was on Stochstic Divergences from someone named Barry Burns. I researched him and watched about a hundred of his videos and was fascinated. I read one concerning review but then read that the person never took his courses and was just made because he would not provide financial statements as proof he was a profitable trader. (he does not give trade alerts, he's just an instructor so he never does this). I took a webinar on the weekend. He does one weekly at least. He asked for 250 people max and a thousand showed up. He had a chatbox and answered my question personally so after that I felt confident enough to pay him for course. I emailed him and he responded personally with a course outline. I took a beginner course and was dying to learn more. He just happened to have a special for basically every course he's ever done for half the cost. I decided this was a way to trade that spoke to my strengths and I wanted to try to master it so I did it all. Beginner to masterclass, trends, scalps, reversals, fib, cycles, waves, crosses, sector research, futures, options, stocks, forex, minute charts to yearly, tick , heikin ashi, divergences.. it went on and on and I ate it up with a spoon. At the same time I started reading books. We correspond through emails still and sometime's hes busy. I don't know if he even knows who I am but he was the second person who changed my trading life.
I knew a lot but I was losing (often more) money. I was a "doctor" (maybe an high-school nurse) who had read a book on surgery but never done it and said "sure.. I can transplant a heart!"
Rather than focus on my teachings and understanding what I was learning, I got impatient and moved on too quickly. Anything I mention I did find helpful but not always at the time that I found it. I should have mastered each item then added to my already profitable program. I had neither of those things. The course I took from Barry Burns had some custom indicators for some platforms, but none I used. They were not "premium indicators" so to speak of little buy now arrows, but simply auto labeling of waves and cycles, auto drawing of some divergences etc. He teaches counting different from anyone else I've seen so standard Elliot wave theory did not work. I was frustrated. I was wondering if I made a mistake learning something differently than other people. (in the end it was irrelevant. It was an understanding of concepts and theory that mattered. The means by which you learned it is far less important. I would definitely take his courses again as my entry into trading if I did it again)
I knew how to trade I did not know what or when to trade them. I found a man named Robert Payne. He writes custom indicators for thinkorswim, many of which are are only available on other platforms. I had a lot of programming experience so I bought a couple of things from him and started studying his code. He was amazing! His code is top quality and his indicators actually were very good. And they did start helping me find a few setups. But they were expensive and nothing lasted. I would buy a Wolfe Wave indicator and learn to trade it but not understand what it was doing. We e-mailed back and fourth for a little while as he was teaching me how to use his stuff. He introduced me to a number of people (who often were behind the original indicators he was trying to replicate) and for that I am most grateful to him. The first and most influential to me later was Scott Carney.
Scott runs HarmonicTrader.com. He sells a very reasonable (I think its like 20 bucks a month when he does a sale) where you get a morning trade meeting about the market and futures commodities harmonics that are setting up, a harmonic pattern indicator for almost any platform (some are far better than others)) and books and videos all focused on this one thing he has dedicated his life to.
I went to culinary school for a year. My first Chef instructor told our class on day one: "always source from people who specialize in one thing". On dozens of trips to Mexico in my youth we would drive ATC's up dirt roads to these small shacks. The last house on the left was Lupe and she always had a baby in one arm and a ladle in the other where she pour tortilla batter on a griddle press. I doubt it was clean, everything was covered in dirt from the windy sandy landscape - but they were the best damn tortilla's in the world.
Scott Carney is my chubby little Mexican goddess of trading Harmonic patterns and the third person who changed my trading life. (and he would not be happy if I called him that)
At this point I was struggling to find tradable stocks still. I started leaving all my chatrooms and twitter groups and message boards. I limit my twitter to people who trade better than me or up-my-game in some way. I try not to "mingle" with people of my skill level too much. I want to be challenged constantly.
I met a few more mentors but no more paid programs. Instead I pay for services like good websites and platforms that help me make my own decisions. I started associating and following expert technicians and I learn from every day and week in videos charts and tweets.
41 I started studing #thestrat on twitter and following the mentor Rob Smith. He taught me price discovery, time frame continuity and participation groups. He is the fourth person who changed my trading life.
Now when I see this:
https://chrt.biz/LOVE/12425esmrhl/chart/
This is what I see in my head.
https://chrt.biz/LOVE/12425equ72v/chart/
and when I see this
https://chrt.biz/CCH/12425esm49g/chart/
I see this
https://chrt.biz/CCH/12425eqxxj4
And when I have nothing to trade, I can write my own scan and find my own winner and trade it without outside help. They aren't all winners. Plenty of losers. But I do it without help and that was my goal from day one. There were definitely turning points in my journey where the knowledge I learned caught up with the trading I was doing. If I had to do it over again, I don't think I would do anything differently. Even my mistakes were learning opportunities and brought me to where I am today.
There was no short cut. This is the hardest thing I've tried to do in my life and I've had some doozy's. I put hours and hours and hour and hours in charting a hundred charts a day. Repetition = learning for me. Just make sure you are learning something you won't regret. It's almost impossible to unlearn and I spend the majority of my time trying to stick to a rule-set to counteract things I learned incorrectly. I revisited things like Harmonics (that I trade daily now) as I gained more skill and finally things started coming together for me more and more until I just started to see patterns and trends and set ups naturally. Trading is a learnable skill that anyone can accomplish with hard work and focus.

Good Luck. Be Safe.
submitted by UncleRyan79 to UncleRyanAZ [link] [comments]

How to be profitable in Forex: High-probability trading.

Hello guys,
I see a lot of posts here either of new traders or non-profitable traders. Some people here even believe trading is gambling and it is impossible to be constantly profitable. I have been trading forex for a few years now and I have fallen into every trap you could imagine: Overtrading, too many indicators, no backtesting, anger trades, etc.. burned a few accounts and finally managed to be constantly profitable on a large period of time. That is why I decided to make a very quick guide on how I think everyone can achieve profitability.
High-probability trading is a very simple concept: Only take trades when stars align. I'd recommend focusing on a very few setups that have proven to be profitable, and to not trade if the setup isn't perfect. If you think there is a slight chance you could lose a trade, then do not take it. The most important rule is to have 100% confidence in your trades, so you are not disappointed when you lose one because you know you followed your guidances.
I am a full-time trader. I mostly look at the 5-minutes, 15-minutes, and 1-hour charts, and I watch all major currency pairs 10 hours a day. You'd assume I take a lot of trades because so many setups form each day, well I do not. I take 2 to 3 trades a week for a duration of 1 to 4 hours per trade. But because these trades are more likely to be profitable, I have a good monthly return.
Now we all have our own strategy and I'm not here to review yours. Just think of how you could make your strategy a high-probability one. If you take a trade at each trading session and you have less than 65% of winning rate, then you can certainly improve your guidances. Here are the two most important rules you must follow:
- Always trade with the trend on all your timeframes, and at least a higher one. If I take a trade on the 5-minutes, 15-minutes and 1-hour charts, I want to make sure I'm with the 5-minutes, 15-minutes, 1-hour and 4-hour trends. A 200-periods exponential moving average on each timeframe should do the trick to ensure that.
- Confluence. This is for me the most profitable rule of trading. Confluence is when you have two or more levels coming together and therefore making a confluence point. For example, if you are trading the retest of a bullish trendline on the 1-hour chart, a confluence point could be where the price: retests the 1-hour bull trendline, breaks the 15-minutes bear trendline, retests the 1-hour 50-period EMA, breaks the 15-minutes 50-period EMA with a bullish marubozu candlestick, with an RSI bullish divergence at an oversold level, and a retest of a support. Now this would be a crazy setup, but even when a few stars align in a confluence point the trade is high-probability.
Thank you for reading.
submitted by Oxygen0796 to Forex [link] [comments]

40 Jobs in on Hiring Now!

Company Name Title City
Maverick FX Maverick FX: Remote Foreign Currencey Trader Job In Atikokan, On Part Time Atikokan
Maverick FX Maverick FX: Remote Forex Trader Job In Atikokan, On Part Time Atikokan
Maverick FX Maverick FX: Remote Forex Trader Job In Atikokan, On Full Time Atikokan
Hinduja Global Solutions Bilingual (French/English) Customer Support - WFH with paid home training Barrie
Hinduja Global Solutions Bilingual (French/English) Customer Support Barrie
Hinduja Global Solutions Bilingual (French/English) Customer Support - Inbound calls Barrie
Robert Half Canada Robert Half Canada: Helpdesk Support Belleville
Manpower Manpower: Belleville Dock Sorter 4: 00am-9: 15am & 4: 30-6: 30 Pm Belleville
Zoobla Financial Zoobla Financial: New Business Advisor Belleville
First Student Canada First Student Canada: School Bus Driver - Richmond Hill, On Bond Head
Sport Clips Sport Clips: Hair Stylist - Licensed / Apprentice On804 Bradford West Gwillimbury
First Student Canada First Student Canada: School Bus Driver - Richmond Hill, On Bradford West Gwillimbury
Saint Elizabeth Health Care Saint Elizabeth Health Care: Personal Support Worker (Psw) - Seniors Living Residence Caledonia
Saint Elizabeth Health Care Saint Elizabeth Health Care: Personal Support Worker (Psw) - Seniors Living Residence East Garafraxa
First Student Canada First Student Canada: Part Time School Bus Driver - Ottawa, On Faircrest
ParaMed ParaMed: Home Support Worker Fort Frances
The Judge Group The Judge Group: Senior Mechanical Design Engineer Gormley
Procom Procom: Full Stack Developer Guelph
Manpower Manpower: Am Dock Sorter Guelph
ParaMed ParaMed: Registered Practical Nurse/Registered Nurse Guelph
Sport Clips Sport Clips: Hair Stylist - Licensed / Apprentice On302 Guelph
Magna International Magna International: Industrial Maintenance Electrician Guelph
Sanimax Sanimax: Territory Sales Representative Guelph
Saint Elizabeth Health Care Saint Elizabeth Health Care: Personal Support Worker (Psw) - Seniors Living Residence Guelph
IG Wealth Management IG Wealth Management: Financial Advisor - Southwestern Ontario Guelph
Aerotek Aerotek: Bilingual Customer Service Representative Kitchener
ParaMed ParaMed: Support WorkeCaregivePersonal Aide Kitchener
The Home Depot The Home Depot: Head Cashier Kitchener
Zoobla Financial Zoobla Financial: New Business Advisor Kitchener
Aerotek Aerotek: Hiring Production Associates Afternoon Shifts Avail. $17. 40/Hr Kitchener
Sport Clips Sport Clips: Hair Stylist - Licensed / Apprentice On301 Kitchener
UPS UPS: Key Entry Clerk Kitchener
Aerotek Aerotek: Overhead Crane Operator Kitchener
WorkatCSJ WorkatCSJ: Work From Home Customer Service Kitchener
Arise Virtual Solutions Arise Virtual Solutions: Home Based Customer Service Agent Kitchener
UPS UPS: Commis De L'Entrepôt Kitchener
Manpower Manpower: Order Picker $20/ Hour - Milton Milton
Uline Canada Uline Canada: Bilingual Customer Service Representative (French) Milton
Altec Industries, Inc. Altec Industries, Inc.: Shop Mechanic Helper Milton
Altec Industries, Inc. Altec Industries, Inc.: Hd Hydraulic Technician - Shop Milton
Hey guys, here are some recent job openings in ON. Feel free to comment here or send me a private message if you have any questions, I'm at the community's disposal! If you encounter any problems with any of these job openings please let me know that I will modify the table accordingly. Thanks!
submitted by DramaticPatience0 to OntarioJobsForAll [link] [comments]

Trading location

Trading location
I am a forex trader in srilanka, I’ve been trading currencies for the last 3 years now, 2 of which have been full time. I am currently looking to move to another country, because although the low taxes make srilanka an attractive location, the lack of political stability and strict laws on capital movement out of the country have hindered my capital growth. I did some research and all sources point to Thailand, is that the only solution or are there any other locations I can move to with low taxes?
submitted by kokid182 to Daytrading [link] [comments]

Forex Signals - How to Instantly Trade Like You Have Decades of Forex Trading Experience

Seriously consider forex signals if you are not yet trading profitably, have limited experience, or just don't have much time to devote to your forex trading.
From the simple one email a day variety to the forex mentor who sits with you all day holding your hand as you trade, a portfolio of forex trade alerts can be virtually free and can transform you into a profitable trader instantly.
If like us you've ever analysed a chart and placed your own trades, you will almost certainly have also sat in front of your screen wondering if you were doing the right thing.
Questions like "have I entered this trade too late ?" and "am I trading in the right direction (long when I should be short)" will certainly have entered your mind.
How many times have you wished you had an expert trader with decades of experience guiding your trades, keeping you out of dangerous trades, and pointing you towards trades with a higher probability of success ?
We were certainly in that position many times in the early days, but always imagined the cost of having an expert on hand would far outweigh any extra profits we might make. It turns out we were quite wrong.
There are numerous services available, known variously as forex signals, forex alerts, or forex tips.
Trading signals come in a variety of formats, suited to how much of your day you can devote to trading. And yes beware, there are loads of scams out there too, but we'll show you how to avoid them, and we'll direct you towards the better ones.
Forex Trading Signals - many varieties
The main characteristics of forex trading signals to be aware of are as follows;

A free forex signal may at first seem like a fabulous idea, but as we will reveal here, you may very well prefer to pay for a free subscription service (yes, we know that doesn't make sense - but read on)
Most forex trade signals charge a very modest subscription fee, usually in the region of USD $80 - $400 per month (although happily most are at the lower end of this range), while there are also websites which provide forex signals for no charge.
In their simplest form a forex trading signal will send you a forex alert email once a day listing trade set ups for the next 24 hours.
Some of these are purely computer generated, some are computer generated and then audited by a human expert, and some are completely researched and generated exclusively by a human expert trader who may add some market commentary to their forex forecast.
Some forex trading signals are high volume scalpers, calling many trades in a day aiming to profit a handful of pips on each. Others only call a few trades a day, aiming to profit 20 - 80 pips on each single trade.
At the more full-service end of the market is the type of forex signal service which provides you with an almost 24 hour a day live online broadcast calling forex trading tips as they occur, explaining the logic of the proposed trade and backing it up with an email or even a video clip.
Some forex trading signals will even trade their signals in your own account for you, leaving you to just sit back and watch. This is similar to what a robot does by using forex signal software, but with the added reassurance that it's being done by an experienced intelligent human trader rather than a dumb machine following an algorithm.
Think of full-service forex trading signals like a forex TV station, which you have running in the background on your pc or internet connected laptop throughout your day. The broadcast remains quiet when there is nothing to do, freeing your time for the other priorities in your day, then calls for your attention when there is a trade to place or manage.
You may be surprised, as we were, to discover that the prices charged by full-service providers are usually very similar to those charged by the one email a day providers.
This type of service usually also includes an interactive facility, enabling you to send a message to your forex mentor if you have a question.
Many forex signal services have very loyal memberships, and some even limit the number of members they will accept.
Free forex signals (virtually)
On the basis that time is money, in our opinion the amount of time we can now devote to other activities by not slaving over our charts for hours searching for the perfect trade set up, not to mention the improvement in our trading results, has more than paid for the very modest cost of the forex signal subscriptions.
Indeed if you apply this logic, subscription based services can effectively be free when you take into account the improvement in your trading profits, and the freeing of your time for other profitable activities.
If you think about it, a subscription based forex signal service has a built-in incentive to call profitable forex trading tips, as its subscriber base would soon evaporate if it failed to provide profitable currency trading tips. "Free" non subscription signals do not have this incentive.
Manage your risk
In any aspect of forex trading your primary goal is to manage your risk. Choosing, and trading a forex trade alert should be no different.
Even the best most experienced provider of forex signals will regularly have losing trades. However taken with all of their winning currency trade signals the overall result should still be profitable, but not all systems work all of the time. Some forex alerts may even have a completely losing week or month.
However, we have found through our own experience that the best way of making consistent profits with forex signals is to subscribe to several different currency trading signals and trade all of their signals. If one of them is having a particularly bad week, the others should compensate and still net you a profitable week, or break even at worst.
Always do your due diligence before trading a provider's forex alerts. Good forex signal services will publish their last 6 - 12 months results on their website. Some will even show you details of the actual trades they took. Expect to see losses as well as winners - that's just the nature of trading. Indeed, if the results show only winners, or the provider is unwilling to show you any results, or to provide contact details of some of their clients willing to give a reference be on your guard.
Most will offer you some sort of free trial or discounted special offer. Make sure that you clearly understand the terms of this offer and know the deadline by which you need to give notice to terminate if you're not happy with the service provided.
If you compare the last 6 month's results of all the forex signal service providers you intend to use, you should find that taken as a whole they delivered a profit.
Past performance is no guarantee of future results, but we have found that if you have a good combination of trading styles in your trading signals portfolio you are in with a fighting chance of consistent profits whatever the market conditions.
Again, think about the cashflow logic of what you will be doing here - the subscription costs of each forex signals service are already very modest, and by combining them you are increasing your probability of consistent profits. They can't all get it wrong all of the time, and remember they are all incentivised by their membership to get it right as often as possible.
Even with experienced traders calling your trades, it's prudent risk management to never ever risk more than 3% of your initial capital on any one trade, preferably only 1%. So, if for example your initial capital, (or to put it another way, the maximum you can afford to lose) is let's say 5,000, the position size you take on each trade should be such that if the trade hit your stop loss, your maximum loss would be no more than 1% x 5,000 = 50.
Using forex signals as trade ideas
Even if you prefer not to follow forex tips to the letter, you can still profit from their trade idea.
For example, if you receive a forex tip trading the GBP/USD long with a 40 pip stop loss, but on analysing the charts (following your attendance on a forex training course) you feel more comfortable placing the stop loss let's say 63 pips below entry, giving the stop protection below a visible area of recent and prior support, which happens also to be below the weekly pivot point, and in doing so are happy to have a longer range target - then go right ahead and do so.
We were surprised to find that when we did exactly this with one of our forex signals' tips our trades actually performed better than theirs did. Two heads better than one maybe.
The point is though, that without the forex market forecast drawing our attention to that particular chart at that particular time we would never have seen that trade idea.
This also makes the point that while it may at first seem temping to let a signal provider trade your account for you, if you have the time you may actually prefer to control it yourself.
If you have been through a good forex training course and understand the concepts of support, resistance, pivot points, trends etc you should always use this knowledge to perform your own due diligence on forex alerts. You may well find as we did that you can enhance the overall performance of your portfolio of forex trade recommendations.
submitted by Ozone21337 to ForexDiamondReviewinf [link] [comments]

Real estate beginner here. Looking for some advice on international property investment.

Here's a little bit of background before getting to the actual question. I'm a young trader and my only source of income is trading (forex and cryptocurrencies) and investing (cryptocurrencies). I've been planning to diversify my income sources for a long time, and property investment has always interested me.
I've actually been waiting for this recession since late 2018 after watching a few investor channels on YouTube predicting an upcoming recession, and I've been meaning to buy properties during this recession ever since. Now that the recession has finally started, I believe it's getting closer to the right time to buy.
I have absolutely no prior experience and barely any knowledge in property investment and am still very much in the learning phase in all this. I probably should've started learning and reading a lot sooner, but I've been working on other things in life. I hope I'm not too late to start this new journey of property investment.
As a self-employeed "digital nomad", I travel around the world a lot and can go to other countries without any financial or time constraints. My home country isn't really a great place to buy properties; I believe there are other better options elsewhere and that's why I am thinking of international property investment. So my question is, what places are the best options for a foreign investor to buy properties in during this time? I'm only looking for one or two places at most.
Also could you give feedback on my next steps after the purchases? My full plan is as follows: Buy a number of houses in great locations and rent them away to college students and young adults who don't have their own houses yet to collect monthly checks from them, and once this recession is over and the prices have recovered, remodel them and sell them back at much higher prices. I'd like to know if this is realistically feasible and worth the time, money and effort involved.
Also, once the pandemic dies down and international travelling becomes easy again, would it be too late to buy? The curve has started flattenning already in many countries and it doesn't seem travelling restrictions caused by the pandemic will last that long.
I'd be great if the location is a good place to visit and have fun things to do as I'd like to have a good time while I'm there to do the business.
submitted by YourMoneyBelongsToMe to realestateinvesting [link] [comments]

Feeling good lately. Wanted to share my personal checklist for what I do in leading up to a trade in case there might be someone who finds it helpful.

So, in short about me, Im in my mid 20s, and have been trading for about 5 years. The first 2 I did not take seriously at all, I was in college, working a lot and had a lot happening, long story short, I have given it my all the past 3 years and have done really well to the point Im starting to have close friends/family ask me to teach them or how to get started. Im not here to teach anyone or promote anything so please do not PM me asking for my strategy or for help on any of the things I mention. My only reply would be to use your friends google and youtube to do your own research into each checklist item, if I even responded at all.
Anyways, today id like to just try to give back to this sub a little bit. I see a good bit of negativity on here and have even found myself bickering with users on here which has led me to pay a lot less attention to this sub altogether. One thing I recently noticed is that we are at 80k members in here! I think I subscribed just 2-3 or so years ago and it was around 15k. So that tells me that up to ~80% of this sub probably has less than 3 years experience. So obviously a ton of people are all here debating/arguing/attacking/trolling ideas/topics or users that are likely still in the learning phase so this sub I feel like can often discourage or delay a new persons chances of success because everything about forex is subjective, Technicals, Fundamentals, RM/Psychology, all of it is subjective and when users clash it often ends up toxic and someone that is new may completely give up just because they ran into some asshole on here. I believe what I share could benefit this community and if it happens to do so I may post more breadowns on different topics.
For me personally, I enjoy daytrading. I've tried all types and find daytrading to be the best fit for me. I trade the London/NY crossover, for me that is 5-9:30am central time. Occasionally ill come in an hour early or stay an hour late. I trade 18 pairs, majors, crosses and gold, occasionally silver. No CHF and only few NZD. I know countless people who do just fine with CHF and NZD but from my results over time I do the least well with those. The RSI is mainly the only indicator I use, occasionally an EMA or Bollinger band. Also I have a sessions indicator I sometimes use that I had a friend make for me that outlines a box around my 5-9:30 time and range.
My list of factors in being a successful trader, in order are
  1. Consistently
  2. Psychology
  3. Risk Management
  4. Strategy
*Ill go ahead and state, directed to newbies, that strategy is important but is one of the lesser important factors in the sense of thinking long term, most new traders are out strictly searching for the golden strategy, which doesn't exist or it would be well known, even my best strategy is around 80% which I believe is awesome but without having 1-3 covered, any strategy is useless.
This is my checklist, in order, although some are kind of closely related. I could go on and on about every point but ill try to keep it short and let you use your friends google and youtube to go further into any point you are more interested in understanding better.
Before the trade/before I start trading this takes around 15 minutes for me to have all these in check, so I arrive at my desk around 4:30-4:45am to get all these in check
  1. Psychology- your mental state is the most important factor. You need to be in a clear state of mind and not have anything heavy weighing on you.
  2. News- Go ahead and be aware of upcoming news events, I use forexfactory.com and only takes me a minute or 2 to review the news and get a bias on what might happen or if any currency should be avoided due to high impact news.
  3. Risk Management- Never take a trade risking over 1-2% of your account is kind of known standard for decent risk management. I would mostly agree but I'm personally super conservative and trade 0.25-1% per trade. Also I aim for trades with at least a 1:2 Risk:Reward, never ever less than a 1:1. When trading most days, I already kinda have the pip value and expected risk lot size in my head before im even at my desk, just because its fresh on my mind. I use https://www.myfxbook.com/forex-calculators/position-size to calculate my risks if i'm unsure.
*The more data you can gather about the pairs you trade the more you can use RM to your advantage, For instance, I backtest ALL THE TIME, constantly trying to learn as much as I can about my pairs such as: How many trade setups did each pair produce each week, month year? What pair produced the most setups? What pairs provided the most wins, losses or breakevens? What time during my session did the trade setup form? How many trades went for 20 pips, 40 pips or 100 pips? (for swing traders or scalpers you may want to adjust these numbers) Did news affect my trades? What happened in the Asian session? Early London session?
Knowing this information allows me to organize my attention to the more profitable pairs for my strategy. I'm almost certain very very few people may have the same exact strategy I use but just as a tid bit out of my 18 the best ones for me in 2019, not necessarily in order, were GOLD, GBP/AUD, GBP/CAD, GBP/USD, GBP/JPY, EUAUD, EUCAD. These 7 have been my favorites and most reliable, so I will do 0.75-1% risk for these. Next preferred, in no particular order, are EUGBP, CAD/JPY, AUD/JPY, AUD/CAD, EUNZD, GBP/NZD, GOLD/EURO. For these 7 I use a 0.25-0.75% risk. The last 4 are EUUSD, USD/JPY, USD/CAD, EUJPY, which I use a 0.25% on typically. This doesn't mean the pairs suck or anything, again this was based off my strategy, could be completely different for you but I hope you can see how this improves your odds vs just slapping a 2% trade across all pairs. If you do some research you'll find my best ones were also some of the most volatile and had higher ADRs.
  1. Trend. Since I daytrade I don't pay as much attention to H4, D1, W1, M1 although I do establish a bias for these timeframes, and I typically don't check these everyday honestly, because Ill already know in my head where these are. So I check H1, M30, M15 for my daily bias, Trying to establish a good trendline on the H1, preferably a nice channel.
  2. What did Asian/Early London sessions do? My trades typically form bettemore often/more reliable when the Asian session is mostly flat or around a 20-50 pip range, more or less depending on the pair and ADR.
So these are before, this section is about being aware of news and establishing bias'. Also note other than news, your bias' may or may not be correct, this is simply just getting an idea before we jump into ouyour session. It takes me a short while and it worth doing, especially the psychology part, I probably spend half of the time just on number 1, not to watch some motivation video or get super pumped but more so just getting relaxed, putting worries aside if there are any, getting rid of distractions, maybe some light/short meditation. 4:30-5am is definitely a quiet time so its relatively easy to do. I might have a cup of coffee but no more than 1-2 to not get jitters or too much hype in me.
During my session/preparing for a trade. I wont go in to my specific strategy but I believe the checklist can work with many strategies.
  1. Wait for overbought/oversold on RSI, over 75 or below 25. I don't trade in the middle of the range, simple rule we all know buy low, sell high. I set an alert for when the RSI hits either 75 or 25 so I can start to pay attention to it. I simply wait for an RSI alert then bring that pair to my attention. THIS DOES NOT MEAN ENTER AS SOON AS RSI IS TOUCHED, It just tells me I may potentially have a setup form on that pair soon. The alert allows me to trade 18 pairs relatively easily because there's no way I could sit there and constantly be flipping through charts for hour on end. I have been (what I feel like is) more aggressive in the recent years trading this many pairs. I have a reliable strategy that I could easily cut the the latter 4-11 pairs I mentioned out and just get paid off my best 7 which I probably will in the future as i've gotten more involved in other businesses and opportunities. For now and recently it hurts worse than a loss to know there was a clean trade setup that I missed just because I didn't have it up on MT4. A loss I can study and identify why I was wrong or what went wrong, a missed clean pattern just sucks lol
  2. Pattern/Setup. There's a ton of candlestick/pattern formations that happen and people learn an example here where a user posts a lot of charts and examples of all kids of patterns. https://bitcointalk.org/index.php?topic=4846473.0 So again for new traders, This can be incredibly overwhelming to attempt to learn everything and every pattern. I trade 4 patterns total, 2 when buying , 2 when selling. My advice is find a pattern or 2 and stick to them for a decent amount of time before switching or trying others, I know plenty of traders that stick to 2 patterns, 1 buy, 1 sell and are set. I've studied many but have found my favorite 4. You have to pick a pattern and pay attention to it over time gathering all the info you can to understand if that pattern works well. Every single pattern you can find online has happened on every single pair before, often times over and over and over. Find a pattern/setup, study how much it moves, if news affects the pair, how many times that patterns forms, how it acts around trendlines, etc.
  3. Once I have identified a clean setup I begin to think risk/reward, SL/TP, entries/exits, having clear risk and targets in mind instead of jumping in and hoping it goes well. I pay attention to recent levels, Support/Resistances, Trendline touches and news to get an idea to where to place my SL/TP. I wouldn't recommend just using a flat amount for an example such as a 40 pip SL and a 80 pip TP across all pairs. A value of a pip changes across different pairs (An entire topic that should be learned but the calculator from myfxbook I stated takes care of the pip value for you.
  4. I check other pairs that have the same currencies involved from the pair I received an alert on to see if there are similar setups forming on those. Currencies have positive and negative correlations, meaning some pairs move together and some pairs move opposite. For instance typically EUUSD and GBP/USD move in the same direction and EUUSD and USD/CHF typically move in opposite directions. This is largely due to economic factors. Here's a link that gives a little more insight but this one doesn't list all of the correlations out there. https://www.markettraders.com/blog/understanding-currency-pairs-correlation/. So if I see or get alerted for a potential setup on EUUSD I can check GBP/USD to see if there is a setup there too.
  5. Enter after patten had been confirmed and is clean.
So these 5 are leading up to entering the market. Based on my backtesting, I typically get around 3-4 setups per day. Sometimes theres none, sometimes theres 10. I never ever force a trade on a slow day, I know that my pattern will happen eventually so I never take a setup I think is iffy or that im forcing. Also that is another reason I keep my risk low incase there are days where 10 trades happen that all look good.
So for my session I place my trades around 5-9:30am central time and I usually close them by noon cst when NY session has ended and prices start to go flat. Occasionally I might hold for a day or 2 if I took a good trade in line with the trend and other factors. So after the trades are placed I have just one thing left
  1. Psychology- I said this was the most important, it comes full circle for me and many other. Trading my session and my strategy means my trades could be open for 5 minutes or up to 7 hours. A good trader needs to be able to handle his emotions and trust the process. This means trusting in your setup and let it run while also knowing when to get out in case it show signs of going against you. A traders real job is to manage risk, not to make big trades or a ton of trades. The more selective you are after you've learned a pattern and having everything else in line, the better. There are 5 outcomes of every trade Big win, small win, breakeven, small loss, big loss. To become a successful trader you just need to eliminate the big losses. For me I look at a small win and a small loss basically as breakeven trades. This helps with my psychology because to me it all ends up evening out, just the cost of business. If you take a small loss or small win and let that affect your psychology going to the next trade youre hurting yourself. Sometimes I take a 5-10 pip profit instead of holding and then it going against me for a loss and sometimes I take a 5-10 pip profit and it could've been 100 pips in my favor. Oh well, I protected my account and I know more setups will come tomorrow or later this week.
That is my complete checklist for entering the market. 11 bullets to cover, 5 before you start your session, 5 leading up to entering and 1 during/closing the trade. I hope this will be beneficial to some and may try to post a little more if I see it is helpful. Thank you for still reading this far! Best wishes in your trading endeavors and 2020!
Edit: I forgot to mention for a beginner or any skill level I highly highly recommend getting a simulator. There’s several out there, I don’t want to break any rules by naming which one I use, but they basically all work the same, all close to $100 which if you understand the power of backtesting you realize how necessary it is to have and that cost is nothing. A simulator allows you to download the candlestick tick data for any pair, for as far back as the pair’s chart goes. So then you can pick a day in the past, any day, pick your timeframe, and press play and the chart will start playing out like it actually did on the day it happened. So you see every little tick up and down. You can control the speed and speed it up fast so you can cover a years worth of trading of a currency in just a few hours. This makes it really easy to get a ton of accurate data in a short time. Demo trading is cool but fully controlled simulated trading kicks ass. I can’t recommend it enough.
Edit 2: my apologies for showing my ass in the comments right after I spoke about the negativity in here. I posted this at local time 4 am right after I stayed up finishing my 2019 backtest results and then I noticed the 80k members and felt an inspiration to post something what I thought could be helpful. I spent over an hour on this post and the lack of sleep and 2 straight all-nighters allowed me to allow others to get under my skin after they come at me with some dumb shit. If you see a post from me just know I’ve put some thought into it and am attempting to bring value. Haters gone hate. If I see some are receiving value I’ll keep it up as long as I know it’s something valuable. Again I have nothing to sell or promote even though others assume I do just for posting this. I specifically said stay out of my inbox. Whatever I decide to teach it will be fo free. Thanks again for your time.
submitted by Nectarizedtrader to Forex [link] [comments]

40 Jobs in on Hiring Now!

Company Name Title City
UPS Canada UPS Canada: Full-Time Seasonal Driver - Brampton Adjala-Tosorontio
UPS Canada UPS Canada: Full-Time Seasonal Driver - Brampton Alliston
UPS Canada UPS Canada: Full-Tim Seasonal Driver - Hanover Arran-Elderslie
Maverick FX Maverick FX: Remote Forex Trader Job In Atikokan, On Part Time Atikokan
Maverick FX Maverick FX: Remote Forex Trader Job In Atikokan, On Full Time Atikokan
Maverick FX Maverick FX: Remote Foreign Currencey Trader Job In Atikokan, On Part Time Atikokan
Lawrence Merchandising Services Lawrence Merchandising Services: Part-Time Retail Merchandiser - Temporary Berwyn
Manpower Manpower: Light Assembly Work In Bradford Bradford West Gwillimbury
Manpower Manpower: Certified Forklift Operator In Bradford Bradford West Gwillimbury
Saint Elizabeth Health Care Saint Elizabeth Health Care: Personal Support Worker (Psw) - Seniors Living Residence Caledonia
Lawrence Merchandising Services Lawrence Merchandising Services: Part-Time Retail Merchandiser - Temporary Centre Wellington
Saint Elizabeth Health Care Saint Elizabeth Health Care: Personal Support Worker (Psw) - Seniors Living Residence East Garafraxa
Lawrence Merchandising Services Lawrence Merchandising Services: Part-Time Retail Merchandiser - Temporary East Garafraxa
Robert Half Finance et Comptabilité Robert Half Finance et Comptabilité: Executive Assistant Guelph
Saint Elizabeth Health Care Saint Elizabeth Health Care: Personal Support Worker (Psw) - Seniors Living Residence Guelph
Manpower Manpower: Am Dock Sorter Guelph
Network Resources IT Service Desk Manager Kitchener
Accountemps Accountemps: Bilingual Collections Milton
Sirius Computer Solutions Inc Consultant, Managed Security Services - Palo Alto Ont
Digital Intelligence Systems, LLC Full stack Java with Banking Exp Ont
Sirius Computer Solutions Inc Analyst, Managed Security Services - Palo Alto Ont
NAM Info Inc .Net with MongoDB Developer Ont
Experis Experis: Mainframe Admin (Db2/Z/Vm/Linux) - Secret Clearance Ottawa
Experis Experis: Aix Administrator Ottawa
Experis Experis: Health Information Analyst Ottawa
Robert Half Canada Robert Half Canada: Controller Ottawa
Robert Half Canada Robert Half Canada: Accounting Clerk Ottawa
CBC/RADIO-CANADA CBC/RADIO-CANADA: Premier Reporter, Enquêtes Capitale Nationale (Services Français) Ottawa
Myticas Consulting Myticas Consulting: Bhjob15656_15037 - Sap Technical Ecommerce Consultant Ottawa
Prospect Health Prospect Health: Medical / Clinical Director - Intensive / Critical Care - Based In Dubai, Uae Ottawa
Agilus Work Solutions Agilus Work Solutions: Electrical Engineer Ottawa
CBC/RADIO-CANADA CBC/RADIO-CANADA: Senior Specialist, Business Law Ottawa
Accountemps Accountemps: Accounting Clerk Ottawa
Robert Half Finance et Comptabilité Robert Half Finance et Comptabilité: Administrative Assistant Ottawa
Myticas Consulting Myticas Consulting: Ip Network Engineer Ottawa
Robert Half Canada Robert Half Canada: Accounting ManageSupervisor Ottawa
Accountemps Accountemps: Intermediate Accountant Ottawa
CBC/RADIO-CANADA CBC/RADIO-CANADA: Premier Spécialiste, Droit Des Affaires Ottawa
Agilus Work Solutions Agilus Work Solutions: Marketing Product Manager Richmond Hill
Innomar Strategies Inc. Innomar Strategies Inc.: Field And Infusion Registered Nurse, Casual Thunder Bay
Hey guys, here are some recent job openings in ON. Feel free to comment here or send me a private message if you have any questions, I'm at the community's disposal! If you encounter any problems with any of these job openings please let me know that I will modify the table accordingly. Thanks!
submitted by DramaticPatience0 to OntarioJobsForAll [link] [comments]

Live Forex and Bitcoin trading  London Trading Session ... Becoming A Full Time FOREX Trader The Reality Of Trading Forex Full-Time FULL TIME FOREX TRADER - Tells The TRUTH Learn when to close the trade before reaching the target  Full time forex trader

The full time Forex trading – The 2 hour work week. Forex trading doesn’t need to become a 1:1 switch for your day job. It’s actually quite possible to keep doing what you’re doing during the day and maintain trading at the ‘full-time’ level by only giving the markets about 2 hours of your time per week. Being a full-time FX trader... (is amazing duh) Why am I writing this blog? Because I love trading and talking about it! The aim here is threefold: Share my journey and provide an honest view on being a full-time forex trader To help others shorten their journey by sharing tips Have a blog for my… As a Full-time Trader & Financial Adviser, I help investors to find the opportunities of investment in financial services with a minimum of risk and high accuracy. Currently, I am the owner of FXBasic, the 1st signal provider in Africa with high accuracy (94.6% of success) and good management of risk, where I’ve collaborated with companies There are a few little known and rarely discussed points which pose great challenges on full-time traders. It is important for you not to romanticize full-time trading and to have a realistic view. Furthermore, by being aware of what it takes to be a full-time trader you can effectively prepare yourself for the journey. Being a full time forex trader isn’t easy. And it’s not your only option! You can be a part-time forex trader. Use the freedom forex trading has given you to explore other options! Quitting your job for forex needs to be treated as quitting your job for your own business. If you want to do it, make sure you are properly prepared for it.

[index] [6053] [6748] [14184] [2501] [12624] [6574] [2279] [8565] [6233] [10070]

Live Forex and Bitcoin trading London Trading Session ...

This video will explain how an inexperienced individual can Trade Forex on Mobile Meta Trader 4 app (MT4) for the very first time and make profit. Hi Everyone!, If This Is your First Time Make Sure To Subscribe: https://bit.ly/30hqdiR We Will Start Our #Forex Live Trade Class Around Weekdays (London and Sydney open @8am) Learn The Simple 1-2 ... My name is Vasily, I am a full-time forex trader and trading coach. I have a 7-year trading experience and privately educate for more than two years. I am expert in technical analysis. If you are a novice trader and you want to become a full time forex trader or you're working on developing new currency trading strategies, you might wanna check out the easy forex strategy that ... I recently met with my client Hasan Arif to have a chat about how we transitioned his trading from spending over 2 years moving sideways and slowly bleeding money to consistently profitable in 4 ...