Find the Reason of Your Failure

by Vahid | Forex Market Analysis and Signals | Wednesday, February 11th, 2009

Hello :)

Hope you had the chance to make some money last night. I know some of you have time problem because you live in different parts of the world. I am really sorry about that but I can not do anything. The only thing I can do is that I just start posting the signals on time and then finish it in one hour. I think one hour doesn’t hurt and you can get up and take the positions and then go to bed again. Fortunately you don’t have to monitor the trades until the next day.

After about one month that I started posting the signals with the new method that you see this year, I think I am on the right track and know what to. At the beginning it was a little hard and it made me a little overwhelmed and stressed because I really want the signals to be published on time. I am doing this because I want people to take the positions and make money. So it is has to be on time. Now I have learned what to do and my schedule is completely in order and organized. It doesn’t make any stress any more and now I can say I enjoy it.

For those of you who don’t know me and this website, I have to say that I started posting the signals on this website last year but as I was used to have both the market analysis and charts and also the signals at the same time, I couldn’t keep on doing it and so I stopped it after one month. It was too hard and tiring and I really couldn’t keep my eyes open when I finished the daily signals everyday. My goal was teaching the market analysis. I didn’t want to give some buy/sell signals and don’t tell you why. But it was too hard to be done everyday.

This year I decided to start publishing just the buy/sell signals and have some analysis and training during the weekends. So far I was not able to have at least one article and analysis every weekend but I will do my best to do it.

If you have not subscribed to receive the new posts through email, please do it because it is possible that you can not check the site for a while and I post an important announcement or signal. The new posts will be delivered to your email at 17:00 EST everyday. It can be a good alert for you to come and check the site for the updates and new signals.

Tip of the day:

Find the Reason of Your Failure!

Most of you have been practicing and working so hard to learn forex. I am sure most of you are smart and intelligent people who have already achieved a lot of things in their lives. But when it comes to forex trading you may be surprised that why you can not make it work.

Forex is really different from all other things you may have done so far. Really really different! For example in most other jobs, the more harder you work and the more hours you spend you get the better result in a shorter time. When you have a programming project, if you spend 10 hours a day you will finish it much sooner than when you spend only 5 hours a day. This is what we know and have in our mind and when we start forex trading we think that the more we sit at the computer and the more trades we do, the better result we will have. But this is not true. Forex is really different!

In forex you have to wait for the market to show you a signal. There is nothing you can do when there is no signal. You just have to wait. Forex needs a lot of patience. For those who are hard working people, forex can be a pain because they can not sit at the computer and watch the market and do nothing. When they sit and wait for one or two hours and get bored and tired, their mind and subconscious takes the control and make them think that there is a signal whereas there is no good signal.

If you have been working very hard to learn forex and you have not been able to learn it yet, just stop trading, reading and practicing for a while and analyze your actions and trades. Try to think and find the reason of your failure. Let me tell you that in most cases the system that you use is not the reason. Most of you have good systems that the others are making money with them. The reason is something else. The reason is in you and your behavior and mind. You are the only one who can solve this problem. Just sit and think and analyze. There is something that have to be found out.

Today signals will be posted in the below table at 17:00 EST which is 22:00 GMT. Be on time!

Announcement (11:18 GMT, 11 Feb): Ok! We are done for tonight. No more orders. Click here if you are late.

Note:
1. Read the disclaimer before you use the below buy/sell signals.
2. If you have not received the below signals on time, just compare the current price with the entry price and do not take any position if the target is already triggered or the price is close to it.
3. Please note that some of the below signals can be pending orders. So read all the explanations carefully before you take any position.
4. Cancel all the pending orders that are not triggered from the previous day.

CP What to Do? Entry Price Stop Loss Trailing Stop Take Profit Results
EUR/USD - - - - - -
GBP/USD - - - - - -
USD/CHF - - - - - -
USD/JPY - - - - - -

USD/CAD - - - - - -
USD/SGD - - - - - -
USD/NOK - - - - - -
USD/SEK - - - - - -
USD/DKK - - - - - -

EUR/JPY - - - - - -
EUR/CHF - - - - - -
EUR/GBP - - - - - -
EUR/AUS - - - - - -
EUR/CAD Sell (23:06 GMT, 11th Feb) 1.5980 1.6267 80 1.5880 +100
(14:33 GMT, 11 Feb)
EUR/NOK - - - - - -

GBP/JPY - - - - - -
GBP/CHF - - - - - -
GBP/AUS - - - - - -
GBP/CAD - - - - - -

CHF/JPY - - - - - -
CHF/SGD - - - - - -

CAD/JPY - - - - - -
CAD/CHF - - - - - -

AUS/USD - - - - - -
AUS/JPY - - - - - -
AUS/CAD - - - - - -
AUS/CHF - - - - - -
AUS/NZD - - - - - -
AUS/SGD - - - - - -

NZD/USD - - - - - -
NZD/JPY - - - - - -

SGD/JPY - - - - - -

Total:

+100



Was this article useful?
Let my latest articles be delivered to your inbox automatically. Enter your email address here and click on the subscribe button. You can unsubscribe at any time and your email will not be given to any third party:


You can also subscribe for my feed:  Subscribe in a reader

Did you know that ...
... you can learn to trade Forex and make money at the same time? Click Here to learn how.


Further Reading:

 
24 Comments:
post a comment
Comment by Rob
2009-02-11 16:12:36

Hi Vahid, first I would like to thank you for your time and effort. My question is your method and how you choose your trades. Do you have a site where I can go and learn, how you are trading. Thank you

Comment by Vahid
2009-02-11 17:44:08

Hi Rob,

You’re very welcome.

I use technical analysis and candlesticks to find the signals. If you like to learn how I analyze the market, you can check the market analysis I was used to publish last year:
http://www.forexoma.com/forex.htm
I have published some articles also. Most of them are exactly what I use to analyze the market. You can find them at http://www.forexoma.com/learn-more/

Best regards,
Vahid

 
Comment by Ene Leonard C
2009-03-10 10:38:47

Hello Vahid,

Firstly, I have to thank you for the wonderful work you have been doing to people. I am a Nigerian who has almost lost hope totally until I stumbled on Forex marketing. Then painfully, I find out that forex marketing is not easy really but I also found out that it is a good way out for me.Then I made my self a promise.I must succeed in Forex. There is no reason what so ever why I would not succeed. Then along the line, I had a wonderful encounter. I had a convenant with God. God told me ‘I am a convenant keeping God. Just make sure you keep your own part of the convenant and see what God will do for you. I believe that God can touch people and the abundant universe will somehow provide solutions.
This is why Vahid, I am confident to approach you for help. I am subscribed to your feedburner.I expect to get your signals soon. The problem is that I do not knowhow to use those signals in my metetrader 4 program.Please kindly teach me how to place those orders and get the results.I count on your understanding and God will certainly reward you abundantly.
Best regards

Leo

 
 
Comment by samsiah
2009-02-11 17:27:19

Dear Vahid,

I don’t have this pair(EUR/CAD) in my platform (FXDD), do you how can I add it .

Comment by Vahid
2009-02-12 11:24:27

Hi Samsiah,

I don’t know if FXDD offers this pair or not but you should just right click on the market watch and then click on “show all” to see if there are some pairs that are not displayed.

Best regards,
Vahid

Comment by samsiah
2009-02-15 08:14:40

Dear Vahid,

Yes, I got it..

Thanks

Regards

Samsiah

 
 
 
Comment by JimS
2009-02-11 18:18:31

What do you think about going long GBP/USD to retrace back to 1.4500?

Comment by Vahid
2009-02-12 11:31:40

Hi James,

As you saw I didn’t pick that one because I didn’t see a buy signal and also it was over-sold. But you saw it went down strongly. So it was good not to take a long position with it.

Best regards,
Vahid

Comment by JimS
2009-02-12 12:33:56

I am glad I did not have the confidence to take a position. It would have wiped out the gains on the EUR/CAD.

Comment by Vahid
2009-02-12 12:50:25

Yes, thanks God that you didn’t enter.

 
 
 
 
Comment by Trader
2009-02-12 00:35:41

GREAT SITE FOR CONVERTING TIMEZONES ETC.

http://www.timeanddate.com

 
Comment by Trader
2009-02-12 00:39:24

USD still looks very bearish.

 
Comment by Trader
2009-02-12 00:41:09

CONVERTING TIMEZONES ETC.

timeanddate.com

 
Comment by priawansyah
2009-02-12 01:42:17

Hi Vahid,

Thanks much for your hardwork to help all of us here by posting daily signal and useful articles. Hope that you will not get bored to keep doing this fantastic job. You have tried your best effort to create Jobs for millions of people across the globe. Cheers -Pria

Comment by Vahid
2009-02-12 11:37:58

Hi Pria,

Thanks for your supports too.

No I will not get bored. Joining kiva has created a new energy for me to keep up my work here on weboma.com

Best regards,
Vahid

 
 
Comment by jm
2009-02-12 03:23:05

Hi Vahid,

That’s me again
;-)
..hope you don’t get boried with so many questions..
I have been checking your work at weboma.com/forex which is great!
My question now is:
Ok, you start on weekly or daily charts to identify opportunities (RL, SL, TL, etc..).
Then you put your zoom on lower TF, 4H or 1H, to trigger (or not) your trades.
Buy, which is the lower TF you use?
I’ve seen you go down to 1H, but ¿do you ever go to 30m, or, 15m, or even 5m or 1m?
Thanks a lot!

jm

Comment by Vahid
2009-02-12 11:40:29

Hi,

No I don’t get bored with your questions.

I check those time frames and take the position based on a strong signal I see in one of them which has to agree the others specially the bigger ones.

I don’t check time frames like 30min or 15min.

Best regards,
Vahid

 
 
Comment by Trader
2009-02-12 04:36:35

My bearish daily indicator for the USD index was wrong - as the weekly and monthly uptrend is having more and more influence.

USD UPTREND IT IS.

 
Comment by JimS
2009-02-12 09:10:52

Thanks for another great signal Vahid!

I added a new beneficiary to Vahid Pips.

Comment by Vahid
2009-02-12 10:08:58

Thanks you James!

 
 
Comment by Mike
2009-02-12 09:22:31

When you recommend a 40 PIP trail stop, and have a stop loss in addition of a couple hundred, wouldn’t the trail stop be hit before the other one?

Comment by Vahid
2009-02-12 11:50:32

Hi Mike,

Trailing stop is not a stop loss. It moves the initial stop loss.

Best regards,
Vahid

 
 
Comment by Jameen
2009-02-12 09:38:37

forex not lookin go this morning

 
Comment by Jameen
2009-02-12 09:39:15

I’ll waint until 5pm today

 
Name (required)
E-mail (required - never shown publicly)
Your Comment (smaller size | larger size)





© 2010 vTrades Inc.
Forexoma.com website is maintained by vTrades Inc. which is a company owned and operated by Vahid.
Read the Disclaimer and Risk Warning before using www.forexoma.com information, products and services.
You may post a link to the articles contained on this site, however, you are not allowed to post full articles from www.forexoma.com on any other website or blog. Violators will be prosecuted.