Some Changes on Forexoma Live Market Analysis Program

by Vahid | Good To Know | Saturday, April 18th, 2009

Hello My Friends :)

The first week of the program was really hectic for us. On one hand, we were so concerned to deliver the service in the way that we had promised and at the same time we had to be careful about the forex market and our analysis and the signals and on the other hand, we had some technical issues everyday that had to be resolved as soon as possible. Replying the support tickets on time was one of the things that we had to do from the first day. We were organized enough to handle all of these things at the same time but it was too much work and stress. Now that almost all of the technical issues are resolved and also after one week of live performance of the program that taught us a lot of things - both about managing the program and analyzing and reporting the forex signals - we are on the right track and we will work better in future.

Thanks for your patience with us and thanks for your support :)

As you saw, the system we use to to find the trade setups is based on technical analysis. It is in fact the best and most scientific systems that all the big traders, banks and hedge fund companies use to trade. It is applicable to any kind of market including forex and stock markets. So if you learn it, you can use it in any kind of trading. It is safe, clear and straight forward. There is nothing mysterious about this system. It just needs some experience and knowledge. This systems also needs a lot of patience. You may not find a trade for several days but sometimes you will have several trade setups in one day.

I have been using this system since the very first days that I started trading forex. On December, January and February of 2008 that I started publishing forex market analysis reports on weboma.com, this system was the only system that I used to analyze the market and most of you know that how successful we have been doing. At that time, I was not used to give any buy-sell signals. I just analyzed several currency pairs everyday and showed the direction of the market for the next days. Intermediate forex traders used my analysis both to complete their knowledge and experience and to take their positions to make money. Beginner forex traders also learned a lot from those reports and some advanced forex traders used my analysis as a confirmation for their own predictions. It was really good and I really enjoyed it. The forex market analysis and buy-sell signals we had last week were all based on this system. To see those reports that I published on December, January and February 2008, please click here and scroll down to the bottom of the page. That page is in fact the history of my blogging about forex market analysis and the start point of the current Forexoma Live Market Analysis Program.

I know what all of you have in your mind now :)

What system did I use to publish forex market buy-sell signals on January and February of the current year (2009) and why Forexoma.com Live Market Analysis Program doesn’t seem to use that system?

You are right. Last week we only used the system that I explained above, but one thing that we learned from the first week of the program is that it seems there is more demand for the buy-sell signals among our clients. I am sure now you are admitting this by a smile on your face or shaking your head - or maybe by saying how come you didn’t know this?!

Before I tell you what we want to do from now on, please let me explain a little more about the system I used to have the daily signals on January and February 2009. This system doesn’t have any big difference with the current system that we are using. It is in fact the same system with some differences. Technical analysis is the base of this system too, but this system is highly dependent on the candlestick signals. The first system can be used even on the line chart because all we need is the support and resistance lines and in fact we do use line charts to draw the support and resistance lines because line chart is plotted according to the CLOSE price and close price is much more important than all the other prices including open, high and low prices.

To trade using this system (I means the one that I used to have the signals on January and February 2009 - click here to read more about it), all we needed was waiting for the daily candlestick to be fully formed at 5 or 6 pm EST. Then, we analyzed the daily candlestick chart and try to predict the color and direction of the next day candle. Both technical analysis and candlestick signals are critical for this system. This system is a little more complicated and needs a great knowledge of candlesticks language and technical analysis and also a lot of experience. It can be more risky because it may need wider stop losses in some of the trades, but it can be so profitable too.

Again, before I tell you what we will do for the next week and after that, let’s choose a name for each of these two systems. We need a name for each of them here on Forexoma.com. Let’s call the fist system as Support-Resistance Breakout system or simply SRB system, and the second system as Daily Candlestick system or DC system. They are just the names made by us for using here on forexoma.com.

Now the goods news! Thanks for your patience with me :)

  1. From now on, we will have two kinds of signals and analysis on Forexoma Live Market Analysis Program. One is based on the SRB system that we used during the last week. So it will be continued and you will receive the same analysis reports and signals that you were used to have last week. Even if you don’t like to trade based on SRB system, it is highly recommended to follow the related reports because you need to learn the technical analysis which is the foundation of forex and any other kind of trading.The other one is based on DC system. To have the DC system signals, you have to wait for the daily candlestick to be formed completely at 06:00pm EST. The DC system signals will be published after that time and it may take a few hours to have all the signals for the day. The difference with the signals I had on January and February 2009 is that, at that time, I was not used to tell you why and how but now, you have the signals with the analysis and the logic which is behind each signal.It is up to you which of these two kinds of signals you want to use to take your positions. It depends on several different factors including your account size. Also when you see a signal doesn’t suit you and your needs because it has a wider stop loss, you can ignore it or you can have a tighter stop loss. It is possible that we give two kinds of stop losses for the DC system signals; a wide and a tight stop loss and so you will have two options for setting your stop loss orders. Both the wide and the tight stop losses will have their own technical reasons that will be shown to you.We may not have any DC system signals on Sundays afternoon at the forex market open and we will not have any on Fridays afternoon. So DC system signals will be published mainly on Mondays, Tuesdays, Wednesdays and Thursdays after 06:00 pm EST.
  2. The second news is that we have decided to publish the Forexoma Live Market Analysis reports on the public area of forexoma.com with a one week delay. So, tomorrow on Sunday, the first weekly report we had last week on Sunday, will be accessible to all forexoma.com users and then one daily report will be published with one week delay everyday.

Ok! I am done with this article now. I have to read and edit it a few times but I am sure a lot of grammatical and spell errors will be left and I apologize for that and I am sure you are kind enough to forgive me. As long as you understand what I say it is ok, isn’t it? Just in case you don’t understand one of my sentences or paragraphs, please let me know to explain more BUT the problem is you may not understand my explanations then and so I will have to explain my explanations and … :D

I Love You All,
Vahid :)



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:

 
11 Comments:
post a comment
Comment by jm
2009-04-18 15:43:27

Hi Vahid,
Glad to know you will include candlesticks in your reports.
And also glad to see that you keep in mind that most of us are here not just for making money but for learning how to make it: we can not be stuck to your analysis all of our life. What would we do the date you retire?
Thanks!

Reply to this comment
Comment by Vahid
2009-04-18 23:58:21

Hi JM,

Thanks for your comment.

Yes; our main goal here is educating our members, not just helping them to make some money for a limited time.

Best regards,
Vahid

Reply to this comment
 
 
Comment by Erik
2009-04-18 16:08:57

Vahid, Vahid, Vahid…….I pay $100 a MONTH for all that AND proper GRAMMAR….. ..(Even though you bought me 20 months of your system already after week 1 :-) ………. and thats just what I Expect!!!!!!!!

LOL JK.

I was thinking that you should Identify a legitimate chartiy and add a “DONATE NOW” button to the Sir Forex software package so when everyone gets real happy after they close a good position they might be more inclined to donate some to the Starving Children/People around the World.

Just a Thought

Student:
Erik

Reply to this comment
Comment by Vahid
2009-04-19 00:11:52

Hi Erik,

Thanks for your comment.

We will charge more if my English becomes better :D

But don’t worry, it will not become better in near future. It takes several years and then I will retire and so you will not have to pay :D

We already have a charity campaign on the site: http://www.forexoma.com/lets-make-a-difference/

Thanks for your support Erik.

Best regards,
Vahid

Reply to this comment
 
 
Comment by KEVIN FLANAGAN
2009-04-18 17:21:02

Good call, Erik, I agree. I’d be curious to know what process you use to review your positions after 6pm. Do you publish your signals in order of the clearest signal you see, or are you just going thru each pair the same way. if I were to not use all your signals, have you found better success with eus/usd or gbp/usa vs other pairs? Vahid, as lng as u dont make tipos on your signls you cn mispell al u lik!

Reply to this comment
Comment by Vahid
2009-04-19 00:28:31

Hi Kevin,

Thanks for your comment.

For the DC signals, I will check the currency pairs and will post the buy-sell signals first. Then I will post the related analysis for each of them.

For the DC signals, I think the GBP pairs are the best. They hit the target much faster. EUR-USD is also good.

Kevin, I wil nt maked anny toyapos on de siknals BeKaz day ar jast nambars :D

Best regards,
Vahid

Reply to this comment
 
 
Comment by Shamsul
2009-04-18 19:22:07

Hi Vahid,

I never want to miss reading your articles everytime I received forexoma.com in my mail box.
Your articles provide reminding and advice that are very useful to me as a trader.
Thank you so much.

Reply to this comment
Comment by Vahid
2009-04-19 00:30:28

Dear Shamsul,
Hi

Thanks for your attentions and support.

I am glad that my articles are useful for you.

Best regards,
Vahid

Reply to this comment
 
 
Comment by oneman
2009-04-19 12:55:11

More power to your elbow my great mentor
Regard from my fellow traders here in NIGERIA

Reply to this comment
Comment by Vahid
2009-04-22 22:10:21

Thanks my friend.

Reply to this comment
 
 
Comment by mike
2009-04-22 18:32:12

Hello vahid , I was unable to subscribe to your system cos Nigeria was not listed among the countries that cud pay online. plz i want to know if your signal is not available to Nigeria. if it is available what mode of payment is applicable.

Oneman have u been able to subscribe?
1luv

Reply to this comment
 
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.