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Day Trading Forex

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Moderator: Maxx5
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Last Post: 4/20/2018 4:23:35 PM - Followers: 2 - Board type: Free - Posts Today: 0

Welcome to Day Trading Forex



"Where luck is when preparation meets opportunity"

and

"Predictable Profitability"


Week of April 16-20 2018...18 profitable trades and 2 negative trades, 90% winning trades for the week. A total of 237 pips gained.
 

Day Trading Forex is a chat where Maxx5 is the moderator. All are very welcome to submit relevant posts. This is a FREE chat board.

Day Trading Forex is for educational purposes only.

 

The Day Trading Forex board can show anyone the potential that exists to make additional income trading in the foreign currency market. I (Maxx5) will try very hard to be on the board Monday - Friday approximately 8:00am -12 noon eastern time USA. 

This is an excellent opportunity for anyone to become acquainted with a little known way to supplement their income from the comforts of their home, office, coffee shop, etc. 

Another beautiful aspect of this type of business is that it can be done for a lifetime, being your own boss, whenever you feel like participating.

Through your research you will find that you do not need much money to get started. Novices to forex can follow along, post on the board, ask questions and paper trade by using the many free, simulated demo accounts that  are available on the internet. I recommend researching www.ThinkorSwim.com for a free demo account.

I personally use Prophet charts (TDAmeritrade), Ally Forex and Meta5 (MQL5) technical analysis charting platforms.

For transparency purposes I use TDAmeritrade Forex and Ally Forex to place orders. 

I encourage everyone not familiar with the forex market to conduct research in order to fully understand it's workings.

Anyone can register for free on the www.investorshub.com web site. Browse the site, type in the Ihub board search box for Day Trading Forex, make it a favorite board and follow along. Free users have up to 15 posts on the board per day. If you decide to pay for a basic monthly subscription for appoximately $12 you can have unlimited posts and take advantage of sending me a personal message question that I will gladly try and answer or just chat, while being able to cancel your subscription at any time.

Honestly, this could very well be financially life changing. An excellent chance to learn a new job skill. If you participate in the commodity futures or stock market you will have the opportunity to increase your knowledge to a much higher level.

The thread will focus on two trading setups.One being a divergent based method and the other trend following. The divergent method has a very high rate of being             profitable, as high as one recorded study period that yielded 97.3% profitability. The most recent record keeping produced 91.8% accuracy. This is true as I have been  keeping data on this strategy on and off for many years and the most recent accuracy recording dates back to June 20, 2017- August 16, 2017. Consensus study data of trader success has come to realize that 95% or more of participants lose money. Only 5% or less of the trading community can  be classified as being "predictably profitable". The math based analysis that is implemented in Day Trading Forex can make you "one of the 5%". The  divergent method is very professional that takes advantage of a trader or trading imbalance, one that can force a dramatic long or short squeeze.  As for  the trend following method, one method will be a very short trend set up while I also incorporate a longer, intraday trend.  Another value you will find that  aids in creating "predictable profits" is that most of the alerts will be for the EUR/USD currency pair, the euro and U.S. dollar. I have found that professional euro/usd retail traders and computerized algorithims/logarithims are coded to respond to the divergent set up and most definitely for trend following. The euro/usd pair is the most liquid, heavily traded currency pair day in day out. We play along side the banking, economic  professionals... the 5%. The foreign currency pairs that I focus on are the Euro/US dollar (eur/usd), US/Canadian dollar (usd/cad) and the US/Japanese yen (usd/yen). Trading long (buying) and selling (short).

  • At the start of each day I will post the times of relevant economic news (eastern time USA) in relation to the three currency pairs.
    During the session if unscheduled important economic news is released I will also post on the board.
    As I personally take a position in many of the trade alerts that I furnish I will within seconds post the trade alert and commentary on the board, managing with commentary for the life of the position.
    I do not take into consideration the buy or sell spread when giving pip gains or losses. Pip gain or loss is a very close approximate of the overall trade action.
Please note at this time I cannot divulge the exact detailed reasoning behind my set ups that I utilize. I will tell you that they are mostly a function of logarithmic mathematics. For those of you who are paid subscribers I will share some technical values that are incorporated via personal message.

The methods used capitalize on being in very close sequence with computer and manually traded logarithims and algorithims.
 
  • Trading in the foreign currency market has many advantages to trading the commodity futures or stock/stock option markets.
    • Forex is the most active globally traded market.
      The forex (foreign exchange) market has very low commission rates compared to stock or stock options.
      Forex can be traded 24 hrs. non-stop from the open at 5pm eastern time USA on Sunday to the close at 5pm Friday.
      Forex has a zero settlement time period, which means you can utilize your capital immediately after closing one trade and go right into another. Typically trading stocks there is a 3 day settlement period before your capital is available again and stock options have overnight or 1 day.
      Believe it or not but Forex can be far less risky as loss of capital triggers are built into intraday trades that your broker will electronically close a day trade should the margin requirement not be met. 
       

    In conclusion... Follow the board and research the opportunities that having a home, office, coffee shop, etc. based business trading in the foreign exchange market may offer. Remember...consistent, predictable performance is all that matters. If the game is played right the money will follow. Best of luck!
   
       Maxx5
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#396   Please click on Show Intro if the introduction Maxx5 04/20/18 04:23:35 PM
#395   eur/usd trade a 19 pip gain Maxx5 04/20/18 02:31:58 PM
#394   At the high of 1.23000 eur/usd has taken Maxx5 04/20/18 01:18:46 PM
#393   eur/usd 1.23000 now Maxx5 04/20/18 12:58:44 PM
#392   usd/cad intraday cup and handle forming now Maxx5 04/20/18 12:30:57 PM
#391   eur/usd 10 pip gain at the high Maxx5 04/20/18 12:30:23 PM
#390   eur/usd 1.22900 now Maxx5 04/20/18 12:23:31 PM
#389   eur/usd a profitable trade now Maxx5 04/20/18 12:02:39 PM
#388   eur/usd could be a nice squeeze Maxx5 04/20/18 11:57:18 AM
#387   eur/usd buy alert at 1.22810 Maxx5 04/20/18 11:32:35 AM
#386   usd/cad is trending higher nicely Maxx5 04/20/18 10:37:43 AM
#385   Always have a telephone and broker number for Maxx5 04/20/18 10:16:27 AM
#384   Catskill Mtn. upstate NY living... outages happen from Maxx5 04/20/18 10:15:38 AM
#383   usd/jpy at the high was a 16 pip gain Maxx5 04/20/18 10:13:59 AM
#382   usd/jpy trade high was 107.80 Maxx5 04/20/18 10:13:13 AM
#381   the second one was usd/jpy buy alert 8:44 Maxx5 04/20/18 10:12:22 AM
#380   eur/usd a 41 pip gain Maxx5 04/20/18 10:10:55 AM
#379   eur/usd is now at 1.2260 Maxx5 04/20/18 10:09:36 AM
#378   First one was a sell alert for eur/usd Maxx5 04/20/18 10:08:40 AM
#377   Unfortunately I missed out on 2 awesome trades Maxx5 04/20/18 10:07:09 AM
#376   Shortly after this mornings posts I lost internet Maxx5 04/20/18 10:06:33 AM
#375   Let's make some pips! Maxx5 04/20/18 07:47:48 AM
#374   Good morning! economic calendar has Canadian data out Maxx5 04/20/18 07:47:30 AM
#373   eur/usd a slim profit if taken otherwise the Maxx5 04/18/18 09:39:51 AM
#372   eur/usd a profitable trade now Maxx5 04/18/18 09:15:30 AM
#371   eur/usd head and shoulders top pattern has formed Maxx5 04/18/18 09:14:07 AM
#370   eur/usd sell alert at 1.23844 Maxx5 04/18/18 08:44:11 AM
#369   Let's make some pips! Maxx5 04/18/18 08:17:24 AM
#368   Good morning, economic calendar...10:00am EST USA Canada data, Maxx5 04/18/18 08:17:04 AM
#367   eur/usd 20 pip gain at the high of 1.2368 Maxx5 04/17/18 01:51:36 PM
#366   eur/usd 10 pip gain 1.23580 Maxx5 04/17/18 01:10:23 PM
#365   correction: 1.23565 Maxx5 04/17/18 01:04:44 PM
#364   eur/usd a profitable trade now 1.23650 Maxx5 04/17/18 01:03:33 PM
#363   eur/usd buy alert at 1.23480 Maxx5 04/17/18 12:48:56 PM
#362   eur/usd buy alert stopped out for 9 pip loss Maxx5 04/17/18 10:02:25 AM
#361   eur/usd turning into a Gann trade . double bottom Maxx5 04/17/18 09:40:34 AM
#360   eur/usd buy alert at 1.23561 Maxx5 04/17/18 09:40:02 AM
#359   eur/usd buy alert stopped out for 12 pip loss Maxx5 04/17/18 09:33:15 AM
#358   eur/usd buy alert now 1.23583 Maxx5 04/17/18 09:11:51 AM
#357   eur/usd 29 pip gain at the low of 1.23450 Maxx5 04/17/18 09:06:12 AM
#356   usd/jpy trending higher Maxx5 04/17/18 08:55:19 AM
#355   eur/usd 1.2347 low now Maxx5 04/17/18 08:54:45 AM
#354   eur/usd 22 pip gain at lows Maxx5 04/17/18 08:49:02 AM
#353   eur/usd now 20 pip gain 1.23540 low Maxx5 04/17/18 08:15:14 AM
#352   correction down to 1.23620 Maxx5 04/17/18 08:06:29 AM
#351   eur/usd down to 1.23600 Maxx5 04/17/18 08:04:25 AM
#350   Late on this trade...eur/usd sell alert at 1.23740 Maxx5 04/17/18 08:02:59 AM
#349   10 pip gain at the highs so far Maxx5 04/17/18 07:54:30 AM
#348   eur/usd a high predictable profit trade Maxx5 04/17/18 07:54:01 AM
#347   eur/usd buy alert at 6:44 am 1.23700, now Maxx5 04/17/18 07:53:13 AM
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