The Fed inflation target is 2%, if this has been met, maybe they possible to cut interest rates sooner. However, I hear they cut the rate in September.

Cable Update (GBPUSD)

Ahead of today's inflation data, USDCAD is trying to continue the rise. USDCAD Yesterday drew a long-body bullish candlestick with a slightly long shadow at the bottom of the candlestick and a short shadow at the top of the candlestick. The price ...

Market outlook by me

I have never used a timeframe under M1, because I still use MT4 FXOpen with the lowest timeframe M1, I think using a timeframe of 5 seconds or 10 seconds might bias the analysis a lot, even though it might be used to find detailed entries. Maybe ...

5 second, 10 second and 30 second charts?

GBPUSD at the market opening there was a gap down which was visible in the H1 timeframe, usually, the price will close the gap in the same week. Last week the GBPUSD price trend increased significantly since July 2 Elsewhere, gold prices uncertainty ...

Market outlook by me

This week the British pound sterling seems to be one of the stronger currencies. This can be seen from GBPUSD soaring and EURGBP falling. EURGBP last Friday extended its downward streak and drew a long body bearish candlestick with a small shadow on ...

Market outlook by me

I read it and very much appreciate it, it's a good quote, thank you. Discipline might be most hardest part as human nature tends greedy, but a good mindset I think will help us to keep discipline.

Scalping System by Machine

Gold prices soared on Thursday from a low of $2370 to a high of $2424. The price drew a long body bullish candlestick with almost no shadow. The soaring price of gold was mostly caused by the release of US CPI data which showed a slowdown in the US ...

Market outlook by me

I think indicator-based SMA is lagging, which means the indicator gives a signal after the trend forms, when two RMA cross each other might a little bit missing the best price.

Indicator Bank

Yesterday the price of GBPUSD rose to the highest level of 1.28480 from the lowest level of 1.27817. Price drew a long-bodied bullish candlestick with almost no shadow. Powell's statement may have pushed the USD slightly lower amid the US economy ...

Market outlook by me

In theory, when the price enters overbought, there will likely be a reversal or pullback soon, but sometimes when using indicators such as RSI, the level is already showing overbought but the price is continuing the trend, how to respond to ...

Finding the trend

Silver prices were stable in the range of price levels 30-31 yesterday. Price draws a doji candlestick with wicks at the top and bottom of the candlestick reflecting market indecision. Prices are consolidating near the upper band line, after last ...

Market outlook by me

For instant orders, setting stop loss and profit targets can cause traders to miss time and price, perhaps modifying the order after the order is active is more efficient, but if you have an EA that can work, setting stop loss and profit target ...

The best idea for stoploss?

Today Jerome Powell will testify in Washington DC on the Semi-Annual Monetary Policy Report before the Senate Banking Committee. Next, there is Yellen Speaks and FOMC member Bowman Speaks.

News trading discussion - continuation

Good performance with high win rate, London session overlapping New York time is the best market time in my opinion point of view, it's quite interesting to learn

Trading Made Simple

Thank you, I appreciate it, it seems this indicator consists combination of indicators like MA, RSI, and Bollinger band, I also use these three indicators but use a normal window.

Trading Made Simple

I'm curious about the TDI indicator, how does it work and what does it do, is it available by default in MT4?

Trading Made Simple

I have tried several EAs, but most of them led to losing money, despite good performance at the early time as time goes just drained funds, so I back to manual trades for simplicity

Automated trading vs Manual Trading

I have never subscribed to a copy trade at any broker, maybe I am too confident even though my trading skills are still limited, but relying on myself feels like a sense of pride when I get a profit and make withdrawals smoothly. I'm using FXOpen at ...

Best Broker?

I trade manually, although the most difficult problem is discipline in implementing the trading system, whereas automatic trading has no emotions and only works based on algorithms written into the codebase by programmers. In my opinion, manual ...

Automated trading vs Manual Trading