It is not a good idea to start the day with something that makes you cry specially during the weekend but sometimes something that makes you cry is more pleasant than a million funny jokes because it pushes some of the buttons in your heart that you really needed them to be pushed long time ago. Read the rest of this entry »

Hello

As I see some of you are not happy with the positions we took last night. None of them have triggered any of the stop or target yet. My positions are still open. If you close all of them now you will be out with about -250 pips loss. I personally want to let them be open. Read the rest of this entry »

Hello

Last night signals made 215 pips. The GBP/CHF could also make 100 pips easily but was stopped by the trailing stop with 15 pips. It is not a problem. I have some strict rules about setting stop loss and trailing stop that I never ignore. Although sometimes they keep me from making more profit, sometimes they also keep me from losing a lot. When you believe in your system and rules don’t make any exceptions and be happy with the result. This is called “discipline”. Read the rest of this entry »

Hello

Last night signals made 447 pips. Almost all of the currency pairs showed good signals last night but I always try to choose the best. Of course sometimes I miss some of the best signals and sometimes even those that show the best signals don’t move in the way that we predict. I hope you could have the chance to take the positions and make some money. Read the rest of this entry »

Hello

Before anything it is my responsibility to appreciate all your attentions and kindness. You nice people have made me embarrassed with your pure emotions. In the past a few days I have received a lot of emails and comments appreciating something I am doing here on forexoma.com. I asked myself “Do I really deserve all of these appreciations?” The answer is definitely “No”. Something I am trying to do here is much less than to be appreciated like this but the point is you people are so kind and nice and you appreciate such a small service more than what it has to be appreciated. Read the rest of this entry »

On January 17th 2008 I posted an article about Fibonacci numbers and the way you can use them in forex and stock trading. In that article I explained why Fibonacci numbers work and why we can see some of them specially 0.618 everywhere in the world and in everything. I suggest you to read that article first and then come back and read this one. I strongly believe that using the Fibonacci numbers in trading, whether in stock or forex, needs much more experience and information than what I have already explained in that article. Read the rest of this entry »

Hello

It is about two weeks that I have started posting buy/sell signals on this weblog again. I hope you have been able to follow the signals and take the positions on time and make some profit. The past two weeks results have been good. I know some of you have not been able to get the signals on time but even if you are late in some days there is a solution for that. Just click here and learn what to do when you are late. Read the rest of this entry »

Hello

Our Tuesday positions made +177 pips for me. I rushed to close some of the trades at the next day morning and as soon as I did it they moved to my direction. If I had not closed them we could finish the day wit over 500 pips but we can never know. When you see the trade has become so close to the target but returned before hitting it, you’d better to close the trade. Usually I do it next day morning at about 10:30. The reason is that the New York session is started at that time and if our trades have not been able to hit the target and are moving against us, it is highly possible that they never hit the target because the New York session can keep them moving on the other direction. Read the rest of this entry »

Hello

Our last night trades made 473 pips. All of them triggered the target but just the USD/CAD triggered the stop loss at breakeven before it hits the target. I was right in predicting the direction of USD/CAD but I don’t know how it went down for about 80 pips to hit the stop loss that was moved to breakeven and then it kept on going up. Read the rest of this entry »

Hello

All of our Thursday trades are closed now and we made 1171 pips in total. Unfortunately some of the targets were a little far and the price went so close to the target but the returned and triggered the stop losses at breakeven. We didn’t lose on them but we could get our with 150 pips profit in each. This is what I have to consider more. We were us for over 400 pips with GBP/JPY but this one didn’t hit the target and reversed. So I closed it with +327 pips profit. Read the rest of this entry »