The U.S. occupies a special place in the global economy. We hold the world’s reserve currency. The dollar dominates because the dollar denominates.   Everybody accepts U.S. dollars; everyone wants U.S. dollars. This gives the U.S. many advantages like lowered exchange rate risk and increased buying power, but this won’t last forever.   Historically, one country has held the dominant reserve currency for about 100 years (give or take 20 years). Although the U.S. was formally declared the reserve currency after World War II, it was informally used as the reserve currency since the 1920 ..read more

It is hard to watch that because of my EUR/USD position ..read more

Still looking at some 15M down side w/ hidden divergence; not exp. lower than 61.8 fib retrace into congestion before 5th wave up ..read more

There's a LOT of forex traders out there and we need some more conversation going on in this forex forum. I know you all have a lot more to say about it. So, in that spirit I'm kicking off this thread in hopes some of you who trade the GBPUSD will start posting your analysis, your approach, how you trade this highly popular currency pair. Anything to do with GBPUSD. And, if you prefer the EURUSD, or the EURJPY or you name the pair, how about starting a new thread to discuss that one and let's start sharing thoughts/trades/experiences on these pairs ..read more

Bullish Reversal is a long only client side VTL auto trader. This is a bullish candlestick reversal pattern-based auto trader. The following bullish patterns are identified and when the pattern completes, the autotrader open buy position.  All these candlestick patterns involve three candles. Abandoned Baby. The candlestick pattern is formed when: 1.       The first bar is a large down candlestick located within a defined downtrend. 2.       The second bar is a doji candle (open is approximately equal to the close) that gaps belo ..read more

Momentum deviation bands is a client side VTL indicator. It is similar to Bollinger bands. Bollinger bands use standard deviation of price in band calculation. Momentum deviation bands use momentum of price instead of standard deviation. It is used in the same way as Bollinger bands. Momentum deviation bands identify oversold overbought conditions in the asset price. It can be used to create mean reversion strategies as well as trend breakout strategies. A close above the upper band suggests a trend breakout. When price goes too far away from the upper band, it suggests an overbought situation ..read more

Close Bollinger bands crossover is a client-side VTL indicator. This indicator is based on Bollinger bands. The idea behind Bollinger bands is when the price is above the upper band, it is too high, and a mean reversion is expected. This indicator marks a red down arrow when the price closes above the upper Bollinger band. When the price close inside the Bollinger bands after closing above the upper band, it plots a green up arrow. This indicator is useful in short-term mean reversion trading. When the red arrow appears, consider opening a short trade and then cover the short trade when the pr ..read more

How To Pick Winning Cryptos – Part 1 According to one source, there are more than 19,000 cryptocurrencies in existence and dozens of blockchain platforms that exist. Most of these cyptos will not make money in the long run. A large percentage of them would even become eventual losers. However, there are certain cryptos that will bring fortunes to those who invest in them. In the past several years, many an investor has become rich by investing in coins like BTC, ETH, BNB, AXS, XMR, etc. Picking winning cryptos, just like picking winning stocks: Investopedia defines a stock pick as whe ..read more

Hi Guys!   After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i dont know much about it, i feel that one can possibly win more and lose more money at the same time. Nevertheless, i think it's for someone like me who doesnt know much about trading.   Question: Anyone, who knows an effective way of minimizing loses in Binary options? Hopefully by experience and not textbook strategies ..read more

Friends share your forex trading experiences and tricks here ..read more