Discover and read the best of Twitter Threads about #forex

Most recents (24)

This is one of my favorite #forex and day trading patterns (I also use in stocks).

It occurs nearly every day on the 1-minute chart and it often occurs multiple times within a 1.5 to 2-hour time period (or however long you opt to #daytrade).

Get in and Get Out.
Learn it 👇
I call these RTs or RBs, which stands for Rounded Top and Rounded Bottom. The pattern requires specific criteria, but if you practice them, you'll see them almost every day.

I daytrade them on the 1-minute chart, but I also trade them on other time frames and various markets...
First, let's look at the patterns, and then I'll provide some context as to when to trade them, when not to, position-sizing, leverage, and other details...
Read 25 tweets
#Genius #MasterStroke 81,000 Cr LOSS/yr

CANNOT MAKE THIS SHIT UP!

Govt Introduces a #POLICY estm to SAVE Rs 36,000 Cr/Yr in #Forex

BUT To SAVE Rs 36000 Crore, the Govt & Indian Public are SPENDING 300% or 117000 Crores more 😳

= 81,000 Cr LOSS/yr

#Thread on A #MasterStroke
#Modinomics decided in 2020/21 to Introduce the 20% #Ethanol Blending (Petrol) Policy.

Intention of the Policy designed by the @NITIAyog was to save India Rs36,000 in FOREX & help the Environment

Link to the document niti.gov.in/sites/default/… Image
BUT AT WHAT COST ?

FIRST: Every litre of Ethanol, Govt India will lose Rs15-20 in Tax Collections since:
👉Cost of Procuring PETROL is Rs45/lt
👉Cost of Procurement of ETHANOL is Rs65/Lt

👉Difference is Rs20/lt is LOSS IN TAX REVENUE

1020cr Ethanol = 20400cr in Tax Losses/Yr ImageImage
Read 21 tweets
The CPR is a popular intraday indicator that traders use daily.

A thread 🧵 on CPR trading strategy.

TG: t.me/thetradingcirc…

Retweet ♻ if you find it useful

Course Worth: 20-25K

@Stocktwit_IN @kuttrapali26 @KommawarSwapnil @caniravkaria

#StockMarket #nifty #forex Image
📍What is CPR?

The Central Pivot Range is widely known as CPR. Traders can use it for intraday, swing, or positional trading

The CPR levels help traders to foresee the movements in stock prices & to predict the trend and also provide us with major support and resistance levels
📍How is CPR calculated?

The three levels of the CPR indicator and the formula for calculating them are listed below.

Pivot point = (High + Low + Close) / 3

Top Central Pivot Point (TC) = (Pivot – BC) + Pivot

Bottom Central Pivot Point (BC) = (High + Low) / 2
Read 22 tweets
Asian & London Session Will can help you to prepare for the New York session.

> If Asian Session is Ranging then London will be Manipulating and New York Will be expansion (Reversal)

Thread 🧵
> If Asian Session is Expansion then London will be consolidation and New York Will be Continuation of Asian

> If Asian Session is accumulating then London will be Expansion and New York Will be Consolidation
> If Asian Session is accumulating and London Grab Asian Session both side liquidity then New York Will be expansion

4H Candles Tells the whole story

#forex #forextrading #nasdaq #dowjones #us30 #spx500 #us100
Read 3 tweets
1/ Hey frends! Have you heard the news? @PythNetwork is now officially live on the @injective #mainnet, bringing a whole new level of possibilities for #dApps and the #Injective community!
Let's dive into what this integration means and how it impacts the world of #DeFi🌐
#INJ Image
2/
Pyth is an #oracle network that revolutionizes the way real-world data is brought #onchain
Through its innovative low-latency pull oracle design, Pyth publishes continuous real-world #data, inc. prices, for various markets spanning equities, #commodities, forex pairs & #crypto
3/
With this integration, #Injective #dApps now have seamless access to #Pyth's #onchain #data, empowering #developers and users alike to leverage real-world #asset information within the #blockchain environment. This is a game-changer for Injective's #ecosystem! 🆙
Read 13 tweets
Levels to be aware of for a bounce are:
164.97354
163.672682
163.301436
TP stands at 162.265
#GBPJPY
#trading #forex #stocks #market
#GBPJPY
Day chart, one of many fibs hitting this level, but this particular fib is very close to the high of 2023.04.13 10:00 - 166.835. Sell idea remains in play until this high is breached. Usual move down is to the 78.6 fib.
#trading #forex #market Image
#GBPJPY
8hr chart, another big fib level hit.
Disclaimer: I have deliberately not disclosed my fib plot points but the calcs are correct.
#trading #forex #market Image
Read 5 tweets
Are you a profitable #trader but struggle with low account balance? Prop firms are the way to go! But since there is so many out there to pick from I decided to give you my top 4 list with positives and negatives. Let's start! #forex #propfirm #funded
True Forex funds
Positives:
Best spreads in the game
Reliable payouts
Free retry
Offers crypto & fx
Incredible customer support
Lower profit target compared to many firms
Allows

Negatives:
Smaller accounts are more expensive then some firms
Link:
trueforexfunds.com/#a_aid=11554
2 FTMO
Positives:
Good spreads but not as good as True forex funds
One of the oldest firms
Even paid out $1m+
Good customer support
Scaling up to $2m

Negatives:
More expensive than other firms
Higher profit target

Link:
ftmo.com
Read 6 tweets
Weekly Profiles are gems. If you use them properly you can know the whole week's direction. I personally use it from Tuesday till Thursday.

One of them is T.L.O.W and it appears almost every week. Train your eyes to see it.

More profile threads in the coming days.

🧵 Image
Read 3 tweets
Beautiful Delivery on DJ in the AM session!

Market sweeps the pDH during NYKZ and where i see the Unicron model forming. That was the first entry!

Before the 9.30 open market left the FVG and created BSL. At the open Tapped in there and a quick drop to that EQLs. Image
The third entry was During the Macro and you can see after taking out the 9.30 open price dropped and consolidate in the breaker block and not a single candle closed above MT. What does that mean? Quick drop right? And then directly to SSL
Read 3 tweets
Forex'te neden başarı oranı bu kadar düşük?

Brokerlar neden %90 zarar eden yatırımcı bildiriyor?

Grafik, formasyon, trend, ortalamalar, indikatörler; bunları öğrenmek bu kadar zor mu?

Hayır tabii ki değil, sadece yanlış yere odaklanıyorsunuz.

+

#forex
Eğip bükmeden, lafı uzatmadan sebebini söyleyeyim:

Psikolojiniz buna müsade etmiyor.

Bilginiz, tecrübeniz size bu piyasada yüzde 20 avantaj sağlar.

Geriye kalan yüzde 80 ise: "TRADE PSİKOLOJİSİ"dir.

Bu psikolojiye sahip değilseniz yolunuzun sonu hep "TRADER DUASI"na çıkar.

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İstediğiniz kadar grafiklere hakim olun, istediğiniz kadar yüksek yüzdeli işlemlere sahip olun, ilk ters harekette, yapacağınız belki de ilk inatta hesabınızı kucağınızda büyük bir enkaz halinde görebilirsiniz.

Forex'deki 500 kaldıraç ışık hızında yıkıma sahiptir.

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Read 11 tweets
Haftasonu için VDS kiralama, MQL5 sitesi üzerinden veya harici programlarla kopyalama yapma tekniğiyle ilgili twit dizisi sözüm vardı.

Önce teknik kısmı, sonra tavsiyelerimi aktararak sözümü tutmuş olayım.

Başlıyoruz +
Önceklikle ihtiyacımız olanları paylaşayım,

- VDS (aylık max 150-200 TL)
- MQL5 hesabı (bedava)
- Meta Trader 5 yazılımı (bedava)
- Forex Copier 3.0 (bedava)
- Kredi kartı (sanal da olur)
- Biraz da sabır (kimisinde pahalı)

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MQL5'deki kopyalama işlemlerinizde açık bir bilgisayar bulundurmak zorundasınız. Cepten olmaz.

Cep telefonu bir "web terminali" değildir.

İşlem kopyalama yeteneği yoktur.

Cep telefonunu işlem açmak ve başkasının açtığı işlemleri izlemek için kullanacağız.

+
Read 47 tweets
With the US Fed & Major Central Banks increasing their interest rates across the globe, we all see notable fluctuations in forex prices before & after these major events. Forex is the most liquid market on the planet, let's discuss about what moves the currencies
#currencies
1/8
Amongst many theories of forex pricing, the most basic & one of the earliest developed theories were the "Mint Par Theory" & "Purchasing Power Theory". Come let's explore these theories

#forex #forextrading #forexmarkets #currencies
2/8
Now, let's move on to a very interesting concept that many market participants scrutinize, the #BigmacIndex. Further, let's discuss the "Balance of Payments Theory"

#forex #forextrading #forexmarkets #currencies
3/8
Read 8 tweets
I've been #daytrading the $EURUSD for 14 years.

Here are 10 key day trading insights that have kept me in the game.

Including strategies, ways to improve, position-sizing, making rapid trades on the fly, and more.

A thread👇
1. When day trading #forex, I only trade the EURUSD.

It has enough movement, the smallest spread, and the biggest volume (which translates to less slippage on orders).

No need to waste time or effort on anything else.

Specialize and get good at one thing.
2. Use an ECN broker for day trading.

The spread should be under 0.5 pips & the commissions under $5/standard lot.

$0 to $3 commissions and under 0.4 pip spread is much better.

Bigger spreads and commissions create a disadvantage...
Read 18 tweets
If you are interested in Forex, you need to read this:
Fxview is a broker that can help you become immersed in the forex industry.

It has ethical products that will cater to the needs of new age investors and help them invest wisely with their decades worth of experience in technology and financial services.
It offers over 500+ trading instruments including Forex, stock CFDs, crypto CFDs, commodities and indices.

Here are some of the perks that it has:
Read 11 tweets
🚀Degen Strategy🚀

💰How I turned $2048 into $100,000 in 1 month, and NOT losing it all back.

👉 No bullshit, at the end of the thread, there is a link for you guys to verify trade record on @Myfxbook

🆘This is NOT AN EASY STRATEGY.🆘
#forex #crypto Image
1⃣ A High Conviction View.
$DXY (USD Index) was trading around 105, a hard support, which if it holds, I have high conviction it will bounce to 110 in a short time, aka, bullish continuation bias.

With that view, I chose to short #EURUSD and Long #USDJPY Image
2⃣ Money Management (MM) is 🔑

I deposited $2048 on 08.08.2022, with that fund, I can trade up to 100 lot #EURUSD. But my trade size is only 0.1 to 0.5 lot.

First trade was a loss, neverminded, I tried again the next day and started making some small wins. Image
Read 8 tweets
EURUSD High Probability Trades - A Thread 🧵

We are going to have a look at how we can identify:

1. The correct days to look for a trade
2. The direction we should trade in
3. Where to look for entries on a set and forget basis
4. Where to look for the high r/r trades

#eurusd Image
We start on the daily chart, we are looking here for local liquidity and also the correct days to look for a trade.

You shall see that we are in an overall uptrend.
When in an uptrend we only want to look for the long entry. We do this as price is always seeking liquidity.... Image
In this example the liquidity is to the upside so these are the areas we mark
What we want to see is down days followed by a single up day
This shows us momentum has shifted and we are on the hunt for that liquidity
We look to trade on day 4
(Image show the days we look to trade) Image
Read 17 tweets
The Rupee is in a free fall against the US Dollar.

However, the RBI is intervening to cushion INR's fall.

Ever wonder how the RBI does it?

Let's learn it here:

#USDINR #USD #forex #India #Rupee
First, let's understand why RBI intervenes to defend the rupee in the first place.

A weak currency worsens our fiscal deficit, fuels inflation and slows down international trade.

Clearly, RBI has a mandate to improve the situation on behalf of the GoI and the citizens of India.
Forex market is highly volatile and a breeding ground for speculators. This is why the FX market is the most liquid in the world with around $7.5 trillion (with a T!) in daily turnover.

So, RBI has to control speculation in the USDINR segment to ensure stability of the Rupee.
Read 11 tweets
The US Dollar stands at INR 82.82 as of today.

Ever wonder why the Rupee always depreciates against the Dollar?

Let’s find out in a 🧵:

#USD #Dollar #forex #investing Image
One of the major reasons for INR depreciation is India’s massive exposure and dependence on one single commodity:

OIL.

Almost 70% of our imports in value is just crude oil, as we’re the third-largest consumer globally.

There are two ways this affect our economy and currency.
1. Global crude oil market is denominated in USD.

This means we have to sell INR to buy USD in the Forex market first, and then pay the same to OPEC to import oil.

As demand for USD rises, and supply being controlled by The Fed, its value too rises against the INR.

#oilprices
Read 9 tweets
🧵 Before I traded #crpyto I traded #forex (poorly).

Exploring deploying my algos on on-chain forex and discovered @handle_fi

The pitch: the global #DeFi forex protocol to trade/convert/borrow multi-currency #stablecoins backed by #ETH and more.

On #Arbitrum (💙,🧡 ) 1/18
💱 With Handle, users can leverage trade, swap, borrow, and earn from multi-currency stablecoins they call fxTokens.

fxTokens are collateral backed #stablecoins soft pegged to a range of currencies like the $AUD (fxAUD), $GBP (fxGBP), $CAD (fxCAD) and others. 2/18 Image
💱 I like forex as it is highly liquid and offers untapped crossover opportunity for #DeFi.

On average $6.6T trades daily on the global forex market. $30B faily volume on #stablecoins

But DeFi has little issuance of other decentralized stablecoin currencies besides $USD. 3/18 Image
Read 18 tweets
Fon yönetiminde kullandığım R/R için bir yazı paylaşacağımı söylemiştim. Kimsenin anlamayacağı garip kelimelerden oluşan bir flood yerine, sade görsel olarak paylaşmayının daha uygun olacağını düşündüm. Benimsediğim sistem tam olarak bu, şimdi ufak detaylarını anlatacağım. Image
Öncelikle sistemi anlatan görseli 10.000$'lık bir @FTMO_com fon kurallarına göre hazırladığımı belirteyim. Şimdi geri kalan detayları anlatacağım kısımlara geçebiliriz.
Fon yönetirken en önemli detay bu nokta❗️Sizin bakiyeniz aslında fon boyutunuz değil, size tanınan günlük ve aylık maksimum kayıp sınırlarınız. Kendimize öyle bir sistem kurmamız gerekiyor ki, ayın her günü işlem açsak dahi fonu kaybetmemek gerekiyor.
Read 10 tweets
Herkese merhaba, sizlerle fon firmalarından alınan hesapları yönetirken yapılan bazı hatalardan bahsetmek istiyorum. Bu detayları atlamadan yönetilen fonların başarı olasılığı genel olarak daha yüksek olmakla beraber risk algısı daha net anlaşılır oluyor.
1- Aldığınız fon boyutunda maksimum günlük ve aylık kaybınızı iyi bilmeniz gerekiyor. Örneğin 10.000$'lık bir fon yönetiyorsanız sizin maks günlük 500$ aylık 1000$ stop olma hakkınız var. Bu ihtimallerin üzerinde stop olmak fon yönetim hakkınızı elinizden alacaktır. Image
2- Testleri geçerken işlem açmanız gereken gün sayısı çok önemli, test aşamasını geçiş oranı olan %10'u iki işlem gününde almış olabilirsiniz ama test aşamalarında sizden 10 gün işlem açmanız istenmektedir. %10'u doldurduktan sonra min lot tutarı ile gün doldurmalısınız. Image
Read 8 tweets

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