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Day Trading Forex

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Moderator: Maxx5
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Last Post: 8/10/2018 2:01:25 PM - Followers: 3 - Board type: Free - Posts Today: 0

Welcome to Day Trading Forex



"Where luck is when preparation meets opportunity"

and

"Predictable Profitability"

 

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 until around 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 or just lurk, 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 USD/CAD and EUR/USD currency pairs. I have found that professional USD/CAD and EUR/USD retail traders and computerized algorithims/logarithims are coded to respond to the divergent set up and most definitely for trend following. The EUR/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 one other currency pair that I focus on is the US dollar/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.
    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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#546   This past month I have been moving and Maxx5 08/10/18 02:01:25 PM
#545   Thank you and I will check out Maxx5 08/10/18 01:58:54 PM
#544   its a great site that you maintain guys fm%3Aruchisharma1 07/17/18 02:28:35 AM
#543   july 16,2018 let's make some pips! Maxx5 07/16/18 09:12:32 AM
#542   usd/jpy buy alert closed for a 4 pip loss Maxx5 07/10/18 10:55:34 AM
#541   usd/jpy trend continuation buy alert at 111.2880 Maxx5 07/10/18 10:26:00 AM
#540   usd/cad trend did not materialize closed for 10 Maxx5 07/10/18 10:22:31 AM
#539   usd/cad trend starting alert at 1.313620 buy alert Maxx5 07/10/18 09:28:41 AM
#538   july 10, let's make some pips! Maxx5 07/10/18 09:13:28 AM
#537   28 pip gain for usd/jpy Maxx5 06/21/18 11:14:44 AM
#536   usd/jpy strong trend now over but overall downtrend Maxx5 06/21/18 10:55:41 AM
#535   usd/jpy 28 pip gain now Maxx5 06/21/18 10:48:32 AM
#534   109.859 low now Maxx5 06/21/18 10:47:37 AM
#533   usd/jpy another wave down 109,90 now Maxx5 06/21/18 10:46:51 AM
#532   usd/jpy a 20 pip gain so far Maxx5 06/21/18 10:28:42 AM
#531   usd/jpy tanking now at 109.945 Maxx5 06/21/18 10:25:47 AM
#530   usd/jpy low of 110.036 a profitable trade Maxx5 06/21/18 10:13:56 AM
#529   trend continuation play Maxx5 06/21/18 10:10:33 AM
#528   usd/jpy sell alert at 110.134 Maxx5 06/21/18 10:10:13 AM
#527   june 21, Let's make some pips! Maxx5 06/21/18 09:53:55 AM
#526   eur/usd trade is finished Maxx5 06/19/18 11:17:40 AM
#525   eur/usd is not trending higher but sideways Maxx5 06/19/18 11:17:04 AM
#524   eur/usd a profitable trade but stiff resistance at 1.15700 Maxx5 06/19/18 11:16:37 AM
#523   eur/usd buy alert at 1.156790 Maxx5 06/19/18 10:51:30 AM
#522   eur/usd consolidation breakout Maxx5 06/19/18 10:50:47 AM
#521   usd/cad trade is finished Maxx5 06/19/18 10:07:23 AM
#520   usd/cad high of 1.3283 a 10 pip gain Maxx5 06/19/18 10:05:14 AM
#519   usd/cad running sideways with price resistance near 1.327800 Maxx5 06/19/18 09:59:49 AM
#518   usd/cad a profitable trade now Maxx5 06/19/18 09:44:51 AM
#517   usd/cad buy alert at 1.32737 Maxx5 06/19/18 09:22:19 AM
#516   june 19 . let's make some pips! Maxx5 06/19/18 08:57:43 AM
#515   usd/cad correction 45 pip gain Maxx5 06/18/18 01:18:16 PM
#514   35 pip gain Maxx5 06/18/18 01:15:40 PM
#513   usd/cad highs of 1.32370 Maxx5 06/18/18 01:15:23 PM
#512   usd/cad 1.32250 highs 30 pip gain Maxx5 06/18/18 11:41:55 AM
#511   usd/cad 1.32170 highs Maxx5 06/18/18 11:34:03 AM
#510   1.32110 usd/cad high so far 19 pip gain Maxx5 06/18/18 11:05:34 AM
#509   usd/cad trend continuation buy alert at 1.32050 Maxx5 06/18/18 11:01:16 AM
#508   usd/cad high of 1.32010 so far Maxx5 06/18/18 10:14:45 AM
#507   usd/cad profits can be taken Maxx5 06/18/18 10:13:38 AM
#506   usd/cad trending higher buy alert at 1.31910 Maxx5 06/18/18 09:42:32 AM
#505   June 18,2018 let's make some pips! Maxx5 06/18/18 09:04:28 AM
#504   June 12, 2018 let's make some pips! Maxx5 06/12/18 09:17:26 AM
#503   Let's make some pips! Maxx5 06/11/18 08:55:17 AM
#502   Good morning on June 11 Maxx5 06/11/18 08:54:52 AM
#501   Let's make some pips! Maxx5 06/04/18 10:35:14 AM
#500   The trading desk is open today June 4 Maxx5 06/04/18 10:34:48 AM
#499   The trading desk will be closed until June 1 Maxx5 05/26/18 08:33:13 AM
#498   eur/usd long trade profitable now at 1.1790 Maxx5 05/22/18 11:43:47 AM
#497   eur/usd 1.17850 long trade back in the green Maxx5 05/22/18 11:38:15 AM
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