I wish to trade USD index but my broker hasnt. My target for it is 108.23

Booked my profits both in EURUSD , XAUUSD and shorted again.

Crude trading in narrow band,
As written earlier 41.19 and 39.71 are my buys and will add if it crosses 45.92 as in my MT4 platform.

As posted earlier, executed trades of EURUSD and XAUUSD with recommended STPL / TP.XTI already have a pending buy at 39.71 with STPL of 37.65.

It will take many days to hIt my TP, Until the trades close on either side, there will not be any posting or modification of trades. .Enjoy your trades and make money. Bye for sometime.

XAU USD - is in SELL : STOPLOSS ; 1104.85 TARGET 1019.63

	Stoploss discussion
	1922
	43.84062
10.61803	33.22259	1103.741	10.60894	33.23168	1104.345

Add spread ;0.50 stoploss is 1104.85

XAU - Revisit on Longterm ideas. Exit plan at 1019.63

Level 12 of high 1922  is 1013.50
Last recommended exit XAUUSD - Study posted on 19 nov is : 1013.8.

Now I have combined
Long, intermediate,short - targets and they are converge on price level of 1013.83.

0.0909 of 1013.83 is  1019.63 and it is the TARGET.

EURUSD : It is in Sell , Exit at 0.97362 Stoploss at 1.09196.( Note these are based on my platform prices.Tune to your broker)

Profit taking:

Few times I have seen that price  action stumbles at levels of  before reaching  0.1 target.

0.085409

0.090985

0.1

Exit plans :

Profit Target :1. Stoploss at 0.61803 : seems to be good, then

exit to be planned early,

Ideally it would be 0.382 of difference between level 0.090985 and 0.10 and that is 0.97342

plus spread 20 : 0.97362.

Risks discussion.

	EURUSD
Stoploss	1.09074
1 microlot Shorted at	1.07222	Target	0.971
difference	0.01852	difference	0.10122
pipsize: USD 1 /100 pips	18.52		101.22
swap& wednesday char	0.015	p/day	0.015
nett charges	0.9	no of days:60	0.015
Nett risk	19.42	nett risk	0.9
		exp.profit	100.32

EURUSD : Can you read this ? Added new charts as I couldnt expand my previous chart posted.

EURUSD : Can you read this ?? Will move shorts to my final target with Stoploss moved to 1.09502.

OPEC PRICES., WTI TRADING AT at a PREMIUM, That shows hidden speculative bullishness.

OPEC PRICES 02-11-2015	43.95
03-11-2015	43.89
04-11-2015	44.43
05-11-2015	43.28
06-11-2015	42.72
09-11-2015	42.13
10-11-2015	42.26
11-11-2015	41.53
12-11-2015	40.21
13-11-2015	39.21
16-11-2015	38.18
17-11-2015	38.29
18-11-2015	38.04
19-11-2015	38.52

35.80 possible bottom and might happen.

XAU USD : 1087- 1081 zone looks to me better to short ( 0.15-0.16) for TP 1057 (0.2 of 1190). shorted, Not decided on stoploss

US OIL : Bullish momentum will set in if price crosses 45.91 (0.4 ), Till then narrow range

EURUSD : My analysis and trade set up.

XAU USD - A STUDY.

Previous High : 1232

8.618 of My level is : 1235.

1235 is resisted  on a downtrend failing to reach level 8.

Recent high : 1191.40

9.236 of My level is : 1191.95.

1191.40 is resisted on a downtrend  failing to reach level 9.

Previous low is : 1077.

1077 is supported by level 11 of  1073.50.

QUARTERS always be turning points.

Hence level 11 cannot be turning point.

After 9, the Trend  turning point might be level 12.

So logically I am looking at level 12 for support.

Level 12 support is  1009.

I am adding cushion 4 $ and spread 0.5 $.

My target now is 1013.5.

Now I will discuss where we can enter our shorts.

Level 11 support and Level 9.236 resistance.

Obviously level 10 cannot be reached.

Ideal levels 10.618 , 10.382 might be strong resistances.

10.618 = 1098.40
10.382 = 1114.10.

Out of this I prefer 1114.10

When this is set, add cushion 4 $ and spread 0.5 $ (1114.10- 4.5) = 1109.6

Shorting level : 1109.6
Target : 1013.5

Stoploss discussion :

Level 10 is the stop.

1131.80 is level 10.118 Stop.

Add cushion 4 $ and spread 0.5 $ ( 1131.80+4.5) = 1136.30.

Now clear situation is

XAU USD :

Sell 1109.60 Target 1013.50 Stoploss 1136.30

Trades clear Mind

My last high is 51.29.
I added 21 pips to it,,51.50.

Sq.rt of 51.50 minus 0.764 and squared is :41.12
Spread difference is 5 - 7 pips, add to that 41.12+.07 = 41.19.
The low earlier reached is 41.15..

I am placing it now at 41.19.

Sq.rt of 51.50 minus 0.881 and squared  is 39.64.
Spread difference is 5 - 7 pips, add to that 39.64 +.07 = 39.71.

I am placing it now at 39.71.

I am planning two buy  trades 41.19 and 39.71.

Stoploss planning :

Previous low 37.92 minus 21 pips : 37.71
Spread difference is  2- 4 pips.

I am placing it now at 37.67.

Placing Buys at 41.19 and 39.71 stoploss 37.67.

Target : 64.20 and 66.20

STATUS

Frankly  My family gathering for our Deepavali festival time and the quality time spent  made me to forget the postings and my trading.

Two I find crude oil prices in my platform and investing time or CME / trading view differ by atleast 2 % in this fall.

Three All the Negative News , Elliott people with their studies, Goldman Sachs confused me.

Four tired of indicators.

However I have to write  my inference on the price movement.

In short,

I do not see prices go below 37.75 US$.

I understand my target of 64.50- 65.50 is still intact.

On the contrary, if price breaks 37 barrier, the target is 26.65 - 26.90.

So the trade can be

Buy around 42 stoploss of 37.40 for 64.50,

If stoploss triggered ( 100 % not possible )

But contrarian call, Sell below 36.95 stoploss 40.20 for target of 26.90

TREND

Gold nearing bottom 1056 - 1034 US $, I am placing buy order at 1036

I am having a buy just entered one microlot, Day chart.

CHART UPDATE

Can any one develop EA with my inputs free of cost to share with our community.

US OIL ; BUY NOW WITH STOPLOSS OF 44.31 as per My platform

03 Nov : Todays tradelink : https://drive.google.com/file/d/0B6BH1nWa3iywOC1XQzBGRXpLc2M/view?usp=sharing

02 NOV 15 Todays trade link; https://drive.google.com/file/d/0B6BH1nWa3iywZ0hQM2MyT25nbDA/view?usp=sharing

Top 4 Things Successful Forex Traders Do. By Selwyn Gishen

Trading in the financial markets is surrounded by a certain amount of mystique, because there is no single formula for trading successfully. Think of the markets as being like the ocean and the trader as a surfer. Surfing requires talent, balance, patience, proper equipment and being mindful of your surroundings. Would you go into water that had dangerous rip tides or was shark infested? Hopefully not.

SEE: The 3 Most Timeless Investment Principles

The attitude to trading in the markets is no different than the attitude required for surfing. By blending good analysis with effective implementation, your success rate will improve dramatically and, like many skill sets, good trading comes from a combination of talent and hard work. Here are the four legs of the stool that you can build into a strategy to serve you well in all markets.

Leg No. 1 - Approach 
Before you start to trade, recognize the value of proper preparation. The first step is to align your personal goals and temperament with the instruments and markets that you can comfortably relate to. For example, if you know something about retailing, then look to trade retail stocks rather than oil futures, about which you may know nothing. Begin by assessing the following three components.

Time FrameThe time frame indicates the type of trading that is appropriate for your temperament. Trading off a five-minute chart suggests that you are more comfortable being in a position without the exposure to overnight risk. On the other hand, choosing weekly charts indicates a comfort with overnight risk and a willingness to see some days go contrary to your position.

In addition, decide if you have the time and willingness to sit in front of a screen all day or if you would prefer to do your research quietly over the weekend and then make a trading decision for the coming week based on your analysis. Remember that the opportunity to make substantial money in the markets requires time. Short-term scalping, by definition, means small profits or losses. In this case, you will have to trade more frequently.

Methodology

Once you choose a time frame, find a consistent methodology. For example, some traders like to buy support and sell resistance. Others prefer buying or selling breakouts. Yet others like to trade using indicators such as MACD and crossovers.

Once you choose a system or methodology, test it to see if it works on a consistent basis and provides you with an edge. If your system is reliable more than 50% of the time, you will have an edge, even if it's a small one. If you backtest your system and discover that had you traded every time you were given a signal and your profits were more than your losses, chances are very good that you have a winning strategy. Test a few strategies and when you find one that delivers a consistently positive outcome, stay with it and test it with a variety of instruments and various time frames. 

Market (Instrument)
You will find that certain instruments trade much more orderly than others. Erratic trading instruments make it difficult to produce a winning system. Therefore, it is necessary to test your system on multiple instruments to determine that your system's "personality" matches with the instrument being traded. For example, if you were trading the USD/JPY currency pair in the forex market, you may find that Fibonacci support and resistance levels are more reliable in this instrument than in some others. You should also test multiple time frames to find those that match your trading system best.

Leg No. 2 - Attitude

Attitude in trading means ensuring that you develop your mindset to reflect the following four attributes:

PatienceOnce you know what to expect from your system, have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. If your system indicates an entry at a certain level but the market never reaches it, then move on to the next opportunity. There will always be another trade. In other words, don't chase the bus after it has left the terminal; wait for the next bus.

Discipline

Discipline is the ability to be patient - to sit on your hands until your system triggers an action point. Sometimes, the price action won't reach your anticipated price point. At this time, you must have the discipline to believe in your system and not to second-guess it. Discipline is also the ability to pull the trigger when your system indicates to do so. This is especially true for stop losses.

ObjectivityObjectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don't need to become emotional or allow yourself to be influenced by the opinion of pundits who are watching their levels and not yours. Your system should be reliable enough so that you can be confident in acting on its signals.

Realistic Expectations

Even though the market can sometimes make a much bigger move than you anticipate, being realistic means that you cannot expect to invest $250 in your trading account and expect to make $1,000 each trade. Short-term time frames provide less profit opportunities than longer term, but the risk with longer-term time frames is higher. It's a question of risk versus reward.

Leg No. 3 - Discrimination
Different instruments trade differently depending on who the major players are and why they are trading that particular instrument. Hedge funds are motivated differently than mutual funds. Large banks that are trading the spot currency market in specific currencies usually have a different objective than currency traders buying or selling futures contracts. If you can determine what motivates the large players then you can often piggyback them and profit accordingly.

AlignmentPick a few currencies, stocks or commodities and chart them all in a variety of time frames. Then apply your particular methodology to all of them and see which time frame and which instrument is most responsive to your system. This is how you discover a "personality" match for your system. Repeat this exercise regularly to adapt to changing market conditions.

Leg No. 4 - Management (Implementation)Since there is no such thing as only profitable trades, no system will trigger a 100% sure thing. Even a profitable system, say with a 65% profit to loss ratio, still has 35% losing trades. Therefore, the art of profitability is in the management and execution of the trade.

Risk ControlIn the end, successful trading is all about risk control. Take losses quickly and often, if necessary. Try to get your trade in the correct direction right out of the gate. If it backs off, cut out and try again. Often, it is on the second or third attempt that your trade will move immediately in the right direction. This practice requires patience and discipline, but when you get the direction right, you can trail your stops and usually be profitable at best, or break even at worst.

The Bottom LineThere are as many nuanced methods of trading as there are traders. There is no right or wrong way to trade. There is only a profit-making trade or a loss-making trade. Warren Buffet says there are two rules in trading: Rule 1: Never lose money. Rule 2: Remember Rule 1. Stick a note on your computer that will remind you to take small losses often and quickly - don't wait for the big losses.