Narenraj's Blog

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USDJPY

Can we consider this as symmetric triangle formation in USDJPY H1 chart,
If UJ breaks below I will take long position near trend/support line2.
What your view?
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Narenraj avatar
Narenraj 16 Dec.

UJ out of symmetric and down, Next stop may be at 117.64 :)

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Who is using the Golden cross over strategy...

Who is using the Golden Cross over strategy ,, and im curious to know is it reliable.
Golden cross is when a 50SMA crosses 200SMA.
Technically buy when 50SMA crosses 200SMA from bottom and sell when 50SMA cross 200SMA from top time frame 15M for intraday.
so far my trading experience with golden cross works with probabilities,
hence im curious to know from other golden cross traders experience and money management.
if any one using please reply.
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How much PROFIT you booked on Euro free fall

Did You see,, I told you about the high Impact in Euro's.. I booked 400 Pips profit
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High Impact Expected in next 15Min

Be alert.. ECB Press meet is about to start in next 15M.
High Volatile expected in Euro's
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All eyes on Todays ECB Press Meet.

Im expecting Euros to fall down to 1.10523 before this week ends, but i do worry about today's (3-sep) ECB Press Meet this event can pull euros up to 1.13500.
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FxAsmat avatar
FxAsmat 22 Nov.

you have to add atleast 2 charts ..

Narenraj avatar
Narenraj 24 Nov.

Next time i will surely update with charts..

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Introducing Broker or White Label

Recently i was searching all the information about becoming white label,
but after all the data and information i had, i felt like introducing broker is better than becoming white label,,
All the maintenance chargers are too high..
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Which times frame and tool is the best,,

Im trading Forex from past few year,, but still im not feeling comfortable about the time frame and specific tool for day trading,,
Initially i incurred loss(all my investment) when i was trading in 1H chart
Now im using 15M & 5M chart, And my trading style is scalping, my winning ratio seems progressing,, but the problem in this chart is whipsaw, when the market is taking a sharp turn,, im will have to wait for weeks to months to close the position, since in have enough balance and my lot siz…
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DumbAsArock avatar

One tip:  If you're trading on 5 minute charts and have three losing candles in-a-row then get out unless there's a good reason to stay in the trade.

Narenraj avatar
Narenraj 7 Sep.

Thank You Mr David,.

And any particular specific and more reliable technical tool ???

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