Do You Still Lose?
New Opportunities Always Come
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.
Today’s signals will posted on this page. So make sure to be here at 17:00 EST which is 22:00 GMT. Refresh the page from time to time to see the new signals until I announce that we are done for tonight and no more signals will be posted. Click here to learn what to do if you are late.
Then check the trades and also this page on next day at about 10:00 EST which is 15:00 GMT. I close the trades that become so close to the target but change their direction again. You can do it by yourself. When you see you are in profit for 50 or 70 pips with a trade which has a 100 pips target and the trade is going against you, just close it and be happy with that profit. Yes; it may change the direction again and hit the target if you don’t close the trade but we never know. One bird in your hand is better than ten birds on the phone line! New opportunities always come.
Ok! See you at 17:00 EST here on this page.
At the meantime, lets learn something from a leopard:
Announcement (23:02 GMT, 26th Jan): Ok! We are done for tonight. No more orders. Click here if you are late.
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Note: |
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| CP | What to Do? | Entry Price | Stop Loss | Trailing Stop | Take Profit | Results |
| EUR/USD | Buy (22:01 GMT, 26th Jan) | 1.3189 | 1.2823 | 80 | 1.3289 | +100 (09:00 GMT, 27th Jan) |
| GBP/USD | Buy (22:07 GMT, 26th Jan) | 1.3993 | 1.3426 | 80 | 1.4093 | +100 (07:16 GMT, 27th Jan) |
| USD/CHF | Sell (22:10 GMT, 26th Jan) | 1.1367 | 1.1665 | 120 | 1.1217 |
-33 (13:53 GMT, 27th Jan) I closed at 1.1400. |
| USD/JPY | - | - | - | - | - | - |
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| USD/CAD | - | - | - | - | - | - |
| USD/SGD | Sell (22:17 GMT, 26th Jan) | 1.4990 | 1.5133 | 30 | 1.4940 | +5 (09:55 GMT, 27th Jan) Closed by the trailing stop. |
| USD/NOK | - | - | - | - | - | - |
| USD/SEK | - | - | - | - | - | - |
| USD/DKK | - | - | - | - | - | - |
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| EUR/JPY | Buy (22:23 GMT, 26th Jan) | 117.61 | 111.56 | 120 | 119.11 | +150 (07:36 GMT, 27th Jan) |
| EUR/CHF | - | - | - | - | - | - |
| EUR/GBP | Sell (22:29 GMT, 26th Jan) | 0.9415 | 0.9541 | 80 | 0.9315 | +25 (13:53 GMT, 27th Jan) I closed at 0.9390. |
| EUR/AUS | - | - | - | - | - | - |
| EUR/CAD | - | - | - | - | - | - |
| EUR/NOK | - | - | - | - | - | - |
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| GBP/JPY | - | - | - | - | - | - |
| GBP/CHF | - | - | - | - | - | - |
| GBP/AUS | - | - | - | - | - | - |
| GBP/CAD | - | - | - | - | - | - |
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| CHF/JPY | Buy (22:39 GMT, 26th Jan) | 78.52 | 75.10 | 30 | 79.02 | +50 (02:59 GMT, 27th Jan) |
| CHF/SGD | - | - | - | - | - | - |
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| CAD/JPY | Buy (00:24 GMT, 27th Jan) | 73.09 | 70.68 | 40 | 73.59 | +50 (09:23 GMT, 27th Jan) |
| CAD/CHF | - | - | - | - | - | - |
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| AUS/USD | - | - | - | - | - | - |
| AUS/JPY | - | - | - | - | - | - |
| AUS/CAD | - | - | - | - | - | - |
| AUS/CHF | - | - | - | - | - | - |
| AUS/NZD | - | - | - | - | - | - |
| AUS/SGD | - | - | - | - | - | - |
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| NZD/USD | - | - | - | - | - | - |
| NZD/JPY | - | - | - | - | - | - |
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| SGD/JPY | - | - | - | - | - | - |
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Total: |
+447 | |||||
Further Reading:
Before
leaving our website, please take a look at the other articles we have published.
Forexoma - This is my first day actively trading your signals and I am very impressed so far.
I did not trade the USDSGD as I am in demo mode and my platform lacks that pair.
But 3 of the 6 pairs I did trade have already rached TP.
I was unable to follow them earlier, but my thoughts are that I could have stepped down to a lower TF to manage the exits a little better.
For example, the GBPUSD had another 100 pips in the trade after the TP was hit.
And the CADJPY may still have quite a bit further to run.
I haven’t placed a trailing stop, but this skill will come - I am very patient.
This is the beauty of your service, I think - that the trader still has full control over the trade, and can improve trade management himself.
Congratulations on some very nice selections today.
So far I have 340 pips in closed trades … (I didn’t enter immediately I received your notification) … plus about 128 pips still “alive”
That is quite outstanding and I am thrilled with what I have found here.
I won’t be going “live trading” until I can establish a comfort-zone around getting the signals and placing the trades.
This confidence is essential.
But because I have previous (largely unsuccessful) trading experience, I am hoping I gain familiarity with your method quickly.
Thank you for your generous heart towards us in your group.
Ivan
Australia
Dear Ivan,
Hi
Thanks for your support.
I am glad that you are happy with the result. I have explained in some pages what you should do if you are late and you receive my signals with delay. For example when I have a buy signal and you see that the price is much higher than my entry price and it is almost close to the target, you have to forget about that trade. If the price is lower than my entry price then it is even better you can take the position and make the target closer than mine. If you see that you are late for about 20 to 30 pips and the target is 100 pips, you can take the position but make your target 20 to 30 pips closer. It is the same for the sell signals (but from the other direction).
Trailing stop is necessary and I strongly emphasize on it. I use the trailing stop to move the stop loss to breakeven when the price becomes so close to the target because there are many cases that the price becomes so close to the target but then returns and goes against us. If our stop loss stays in the original place we will be out with a loss.
I also don’t let the stop loss to be so close to the price because I want to give enough room for the market normal fluctuations.
This is a good idea that you are demo trading my signals first. You can go to live trading when you feel enough confidence.
Again thanks for your support. You don’t let me feel alone.
Best regards,
Forexoma
Hi Forexoma,
I have read most of your trading strategy articles (technial analysis). As U said, you are using Bollinger Band and Candlestick, trendline, and Fib in predicting the next price movement. One of the important signals is the relationship between Bollinger Band (upper, Lower and Middle Band) and Candlesticks. Could U explain to us how you translate the two indicators in predicting that the price will be bearish or bullish..? For example, do we have to buy when we see the candlesticks is above a bollinger middle band or vise versa and so on. And then, what is the best time frame to see their relationships..?
Thanks much for your kind and hard work contributing to all of us.
Cheers
priawansyah
Hi Pariawansyah,
Thanks for your comment.
It is a long time that I am supposed to write an article about Bollinger Bands but I didn’t get the chance to do that. It is actually one of the most requested things from me. I promise you here that my next article to be about this subject. I will cover everything in it and will show enough examples and signals and all your questions will be answered.
Best regards,
Forexoma
Fantastic Job Mr. Forexoma….
I am looking forward to your next Signals since I missed Your 26 JAN’s Signals. Hope I will Gain some Pips after losing a lot for the last 6 six months.
Thanks very-very Much, and Look forward to your 27 Jan’s Signals at 22.00 GMT and also to your articles on the relationship b/w Bollinger band and candlesticks.
Cheers
Priawansyah
Mr Forexoma.
Little is ever said about the role of the broker in relationship with the investor. Is this in fact an adversarial relationship in that if the investor has a winning trade the broker must absorb a losing trade. I have heard about brokers wanting to hit stop loss settings on trades which supports the notion that they want traders to loose. Are you familiar with the dynamics of brokers and how it really works? If I was to enter and win a trade worth multi millions for example taking a 1000 lot position and having a 400 pip winning trade what is the broker likely to do in this case and could a few successful traders cause the downfall of the broker or the broker refuse to distribute the winnings to the trader. Or more likely the broker would not execute such a large position. It seems the brokers we work with are really dealing with small accounts and small trades. Are the dynamics or the relationships different when investors are working with commercial lots and bigger accounts? for example the swiss broker dukascopy where $50,000 is required to start an account. Love to hear your thoughts and if others have information on these things.
I have just discovered your site and protected my winning trades last night with s/l at break even resulting in no winnings but no losses. It was wonderful to see strong movements in the winning direction. Tonight I will leave the s/l at your settings. As with others I appreciate your willingness to pass along your winning ways freely. No doubt payment will come to you in more important ways than monthly fees.
All the best,
Hi Collon,
There are some brokers who make money from your losses. A good broker just makes money from the spread and commission. But some brokers want to make more money in some other ways. For example they increase the spread after you take a short position. So when you want to close your trade you have to pay more spread and when you are in a loss you will lose more. You think that you have lost to the market but in fact you have given the money to the broker.
Broker is just a middleman that places your order to the interbank. Some brokers have a dealing desk who check the trades. I don’t want to say that all of them steal from the clients but they could work without having a dealing desk too.
On the other hand some other brokers are proud of having no dealing desk but you will not know until you open a live account and see their performance. Recently I closed one of my account with one of these brokers. They were used to steal more than those who have a dealing desk!!!
Generally you’d better to check the reviews before you open an account with a broker. Direct brokers like Dukascopy are good because they directly place your orders to the interbank and nobody sees your trade.
Some brokers do nothing with small accounts to encourage the owner to open a bigger account and when you do it and start trading over 5 lots they come after you and manipulate your trades. One solution is avoiding scalping because most brokers steal when the clients scalp. When you take a swing position and your target is big they can not keep you from making a profit for a long time.
Best regards,
Forexoma
thanks for your piece of education on the way Brokers “cheat” on thier clients.
But Sir, I would have wished you to mention some of these brokers as a forewarn to others in this business. You may not mention their names outrightly, but you can dare do it. Take for example FAPturbo, pipsonic (or whatever), etc. We have been made to know who these people are to the greater benefit of the trading community.
Please let us help people like our DEAR Forexoma, who not only gives out trading signals but is true and sincere to everyone under the sun.
thanks.
Collins
Hi Collins,
Thanks for your comment.
Yes I and thinking about having a review for the brokers on this website and will have my own opinion about each of them too.
Best regards,
Forexoma
Forexoma,
I have been following along for several days and using mini-lots for the trades you give. Hopefully I will soon be able to move up my size trade.
I am located in USA, GMT - 6 so I make the trades then I just forget about them until the next morning. I have now named your trades “Morning Delight” because each morning is delightful to have my coffee and review the results of the overnight activity. I am very grateful for what you are doing here. Thank you so much!
Your friend
Art
Hi Art,
Thanks! I am glad that I could help.
Best regards,
Forexoma
Great Article Tanks You!