Volume Divergence i) The indicator should have a smoothing aspect to filter out the noise within the volume movements. ii) Ideally, you want the indicator to plot the divergence (hidden or classical) for you, but if not, you can visualise yourself. Trend Divergence i) This indicator should be based upon a wave analysis of the price action movement. Price Action within markets typically follow a cyclical pattern (not all of the time of course). Trend Bias i) Ideally a zero-lag, or lag reduced, trend indicator that gives a fast indication of where the current trend in the market is. It's not so important that this indicator is correct 100% of the time - only used as an additional filter. Price vs MA i) Current position of price (i.e. above/below) with respect to a predefined moving average. We have found success using LWMA with periods ranging from 26 to 150.

The best way to learn to trade is to trade. It is also the most expensive if you don’t first understand some basics. But where do you guys learned how to trade forex? Can you share it with me?

Profit gap or implementation gap - I have much less of a profit gap (the difference between what my system gives me and what i actually got) than last week. I look forward to hearing about your trading psychology insights if you would like to post them. I think self awareness is one of the keys to this trading psychology stuff and this thread might help. Thanks! :)

Here's mine: I am on the edge of a winning streak, so trying to remain stable, rather than become overconfident and reckless. I want to be a consistent winner, not just a "boomer and buster". Part of that is avoiding the winning streak -> become reckless -> losing streak cycle. Not compulsively checking my trades. I have this kind of urge to check my trades even though there is no need to. I'm becoming more aware that that drains my energy, and feeds an addiction to random rewards on a smaller scale. Whether my trade is a few more or less pips in my favor, I get a little "hit" from that. So today I only checked the charts when it would be necessary for trading purposes.

Fear causing me to leave money on the table - Earlier in the weak I did have a little drawdown, which I reacted to by closing trades in slight profit, instead of hanging in to my full TP. However, my full TP would have been reached. I did it a lot less than I used to a few weeks ago, so I tried to see the progress in it. Then today, I had a profit target that was 5 pips shy. I had an urge to close it right then but stopped myself. It went all the way to my TP moments later. So that was a sign I am learning from the previous mistakes.

How useful is it?? Could you possibly do technical analysis on strength to predict times when it will be high/ low??

Hi everyone, I am learning about trading psychology now and finding it very interesting. I'd like to hear about how your trading psychology was today. The purpose is to help each other gain self awareness. Sometimes when someone else tells whats going on with them it helps you realize something about yourself you might not have seen before. A suggestion is you could check in about any of these fears and how they're affecting you: Fear of losing money, fear of being wrong, fear of missing out, fear of leaving money on the table. (There might be others too) Or you could check in about how you feel about your trades today/this week, or whatever else you want to say. Are you satisfied with your trading? Why or why not? Etc.

Lets wait for the opportunity.

I created this thread to have a laugh with other traders, during the first half of my learning process I have trusted a few gurus with signals that ended up just being people writing fake testimonies with bots , this one trade on AUDCAD was a complete flop and he make bots say how much money they got from the trade meanwhile everybody in the chat took a big L😂 what are some funny stories that you guys have?

Just want to see how many people can relate to this. I personally trade on the 1H and 4H charts and stick to the major pairs, last week there were strong trends across a lot of the pairs and trading was good, but I'm getting stopped out on almost every pair this week because everything seems to be in a reveral or going sideways? Does anyone else feel like the market conditions are not great this week?

Just want to see how many people can relate to this. I personally trade on the 1H and 4H charts and stick to the major pairs, last week there were strong trends across a lot of the pairs and trading was good, but I'm getting stopped out on almost every pair this week because everything seems to be in a reveral or going sideways? Does anyone else feel like the market conditions are not great this week?

#3 Characteristics Past 3pm GMT (11pm SG time, once the European session ends), the Forex market goes to sleep. Liquidity and volatility tend to drop, resulting in slow price movement and the possibility of prices being range bound. This phenomenon is particularly felt on Friday’s afternoon sessions where traders across the globe shift their focus to non-trading related activities. So, go out with your friends or spend time on your hobbies on Fridays, the eve of major public holidays (in Europe and the US), and on the holidays!

#5 Which Pairs Should You Trade? You guessed it! You should focus on the pairs with a larger range and trade those. Again, expect a volatile shakeup due to incoming reports. Conclusion You have learnt that there are opportune moments to trade Forex. You know when to trade and what to expect, saving you from potential heartaches and frustrations. You also know which days to stay away from trading; to go out and have some fun instead. After all, life is meant to be enjoyed too.

#4 Average Pip Movement The table below shows the average pip movement for the New York session. PAIR NEW YORK Please note that this table is not all-inclusive and the range may differ from time to time depending on various conditions such as news and specific economic trading activity.

Living in Southeast Asia and have a day job? This trading session is for you! While you have settled down at home, traders in USA are only starting their day. #1 US Session Trading Hours When the traders in Europe return from their lunch, the traders in America (mainly in New York) start their trading day. This is at 12pm GMT (8pm SG time). This overlap in market activity contributes to higher volatility and presents opportunities to make money. Due to its leadership in world trade & global economic policies, the US session is one major financial centre that markets pay keen attention to.

#2 Reasons Reason 1: Extremely high liquidity given that the European session is the most active Forex market in the world. Reason 2: Around 85% of all Forex transactions involve the USD. Reason 3: Most economic reports are announced near the start of the US session at about 12pm GMT (8pm SG time). As the US has a large influence on the world, volatility will be high at the start, providing traders with opportunities to make a quick profit.

From experience, I've come to learn that success in forex, doesn't matter if you're trading Forex, Synthetic Indices, Commodities or metals, comes through proper risk management and lot sizing. I've been doing synthetic indices for 2 years now and it's going on well. I've come to realize that the first few months were rough because I was greedy, using huge lot sizes etc until i learnt the secret of proper risk management and lot sizing.

Can anyone explain this ?I really don't know why.

This EA is pretty simple, but at the same time has a unique money management technique that makes it survive longer through trending market periods than a regular grid or martingale EA. But it has some requirements to use it successfully. Leverage 1:500 Minimum deposit 200 Recommended deposit 500 Pairs to trade ONLY: EURUSD, EURJPY, AUDUSD, AUDJPY, USDJPY This means to open your MT4 open the above pairs on the M15 chart and attach the EA to every pair. Change the magic number for each pair. Let the MarketMakerPRO do its work. It will check your initial balance and close all orders for the rest of the day when it reaches 100 €/$ profit in equity. Not balance. When you see that all orders are closed, you can disable the EA and make a withdraw. But not in between. Restart the EA when your money is off your account. The main strategy is to get your initial deposit back as fast as you can. Everything after is pure profit and fun money to work with. For now, the EA is limited until the 15th June 2020. Find below the links to MyFXBook, my Telegram group and, of course, the EA. MyFXBook Results Main account: http://www.myfxbook.com/members/Mark...kerpro/5327103

Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKK Migas) menyebut, sejumlah 14 Kontraktor Kontrak Kerja Sama (KKKS) meminta diizinkan merevisi Rencana Kerja dan Anggaran (WP&B) tahun 2020. Keinginan untuk revisi WP&B tahun 2020 diutarakan KKKS menyusul anjloknya harga minyak mentah dunia, yang mengakibatkan beberapa perusahaan harus melakukan efisiensi besar-besaran.