Highest High Value Indicator (HHV)

 Highest high value is the highest value of the market during the selected period.

Highest High Value = Maximum (High) of n−periods

Strategy: Combine it with a simple moving average for trading signals. In an uptrend: Buy when HHV goes above MA In a downtrend: Sell when the HHV crosses the MA from above to below.

Trading signal

$GBPCAD  Nicely fits in a channel.
Sell at 1.7560
TP: 1.7250 & 1,7100
SL: 1.7650

Apadanaforex's February 2019 Performance on etoro

That was a fantastic February!
Thanks to our new trading strategy, we made more than 20% profit on etoro.
I will try my best to have more and more green months.
Good luck everyone!
Apadanaforex

Leverage or use of non-specified ratio (debt ratio to net assets).

To make it simple, leverage is using the borrowed money when investing.
The higher the leverage the higher the risk level. if you have a good money management strategy you will earn extra money by using leverage. On most of the brokers, you can only trade by choosing fixed leverage. It means if you set your account to X20 leverage all of your trades will be executed with the 20 leverage until you change the settings in your account. But some other brokers are more flexible. At eToro you can open diffrent positions using diffrent leverage.

Using high leverage will increase the risk and you may lose all the money in your account very fast. Although you are increasing the potential to make profit fast, you can also lose money. You can make lots of profit with borrowed money or lose all your money. At the moment more than 76% of the account on eToro losing money. For example, with x20 leverage, a 5% move in price against your prediction will wipe your account. But a 5% move in your favour will make you almost 100% profit.

You also need to take into the account all the fees and charges like; spreads, overnight and over weekend fees etc.

Trading waves also applies to our performances.

You probably know about the trends and how we have lower lows and lower highs in a downtrend. Also, you know the situation in an uptrend. if not you can find some information about the trend here. This not only applies to the stocks, currencies or commodities but it also applies to the people's performance. When you are coping other peoples trades in eToro, the same scenario happens.

Investing in a good trader is like buying in an uptrend. We have higher highs and higher lows. It depends on when you are jumping on the train. if you get in at one of the highs, you may expect some red days or even month at start. But if you start copying at one of the low points then you will start making the profit after the first few days. So being patient is the main key.

Please see the picture below. This shows how my 3 copier's return is different.

The trader who has joined on 03/01/2019 ended up with almost 30% profit. This is why you should be patient.

The trader who jumped in on 07/02/2019 joined at one of those high points. That's why his account is in red as of today.

The other trader just joined yesterday. We can't say that this will stay green or turns red during the next couple of weeks. But if he stays with me as long as my performance stays green he or she will make some money in the long term.

Please be careful how you are investing money because at the moment 76% of people are losing their money on eToro.

Apadanaforex Performance on eToro

Hi everyone!

Please check our this year's performance on eToro.
Apadanaforex's new trading strategy is working nicely this year.

If you want to start trading then create an account on eToro by following this link.
Then you can go to the copy people section and search for Apadanaforex or any other trader that you wish based on their performance.

Apadanaforex accumulated more than 17% profit so far this year.

You do not need any trading knowledge to do this.

eToro

Reviewing the trend is our best friend in the Forex trading

Looking at the graphs and the trend of price movements in the past gives you a very good overview to predict the price move in future.
Although it looks pretty trivial, it does help you get profitably.

Once you understand the price trends, you can identify the best time to buy the currency pair.
It is best to follow the trend. Typically, moving upwards will give you more buying chances and downward more selling chances.

But, how to identify the type of price movement? What are its characteristics?

The most convenient way of figuring this out is by looking at the charts. This way you can see the up or down movement.

Detect type of movement in Forex.
The price movements in the chart form the peak and concave points that are easily recognizable.
In an upward trend, the movement of prices forms higher peaks and higher valleys.
A graph values thousands of words. Let's take a look at the chart below:

This chart shows a downward trend, and this chart suggests that the trader should sell.


It is important to note that it is difficult to detect the type of movement on some days, there is not much change in prices for some days.
And sometimes price changes outline a price range that creates very uncertain conditions. The following figure shows an example of this state.

The forecast is much simpler when you can see a trend that when the price is in a range. You must take caution.

The unpredictable movement in this case is the reason that many traders avoid trading in the range and wait for the renewing signal of the uptrend or downtrend.

Bat Pattern

The bat pattern is a 5-point correction structure developed by Scott Carney in 2001. This template has specific Fibonacci measurements for each point in its structure.
 It's important to note that D is not a point, but an area in which the price trend is likely to be reversed (PRZ). PRZ containing 3 coordinate levels of convergence:

1.  0.886 Modification from base XA,
2.  Stretch CD = N * AB, usually 1.27 AB = CD And 
3. The Stop Loss forecast is BC to 1.618.

The point B from the initial XA base should be less than 0.618 Fibonacci, preferably 0.50 or 0.382 and the

The first goal is to point 0.382 of the AD and the second target is 0.618 AD correction. A common point to choose a stop loss or is behind the X-Point. Conservative traders may seek additional approval by other indicators. Bat pattern can be downward and upward.
All patterns may fall into a wider range of trends or ranges, and traders should be aware of it (refer to Elliot Wave Theory for relevant information).

Here is step by step guide;

• The first return from point A, which is the end point of the first wave, is 0.382 or 50% Fibonacci. Point B.
• Point C can be anywhere between points A and B.

To get the area D.

• Draw line 0.886.
•  Calculate CD length to 1.27 * AB.
• Draw Fibonacci Line 1.618.
• In the bullish market, buy at Point D.
• In the bearish market, sell at Point D.

                                            Uptrend                                        Downtrend



See the following example of a Bat pattern on GBPUSD which I posted on eToro.

And the following photo is the day after:

You can see the price jumped from 1.2770 to 1.3026. Yes, it feels good when your technical analysis works.

Here is the video!

Earn Money In Up(Bullish) And Down(Bearish) Market

Forex trading is very exciting. The market is on the move, and the smallest movement in the currency can mean a lot of profits and losses!

Let me explain this further.

8 of the most traded currencies in the Forex market are as follow:

United States Dollar	USD
Euro	EUR
Pound Sterling	GBP
Japanis Yen	JPY
Canadian Dollar	CAD
Swiss Franc	CHF
New Zealand Dollar	NZD
Australian Dollar	AUD

Forex is trading in pairs, which means, each transaction involves selling a unit and buying another unit. The following pairs are the 18 most popular pairs in the Forex market.

EUR/JPY	USD/CAD
EUR/CHF	EUR/USD
EUR/GBP	USD/CHF
AUD/CAD	GBP/USD
GBP/CHF	NZD/USD
GBP/JPY	AUD/USD
CHF/JPY	USD/JPY
AUD/JPY	EUR/CAD
AUD/NZD	EUR/AUD

When a pair of currency units are bought and sold, it has a bid-ask rate (for example):
Pair EUR / USD
Ask 1.5422
Bid  1.5420
This means that:

Buy pairs to bid rates or sell pairs to the asking rate

Buy Euro at $1.5422 Or Sell Euro at $ 1.5420

So what's your potential to gain profit?

The rate of pairs is constantly changing. One way to make money is to buy a pair at a rate and then close it at a higher rate. Another way is to sell a pair and then close the position at a lower rate.

Yes, in the FOREX market we can always make money by recognizing the trend. If we are in a bullish market we buy and if the trend is bearish we sell. Do not forget that trend is your friend! 

Speculative Sentiment Index or SSI

The SSI index compares the number of accounts in buy trades vs sell trades for each major currency. It releases twice daily. Each account is counted once, regardless of trade size. The SSI index gives us a single number, positive or negative as the price sentiment. A positive value means there are more buyers than sellers. If the SSI is negative, the number of sellers is more than buyers.

Let make this a bit more clear:

If SSI is -2.50, there are 2.50 sellers for every 1 buyer.

If SSI is +2.03, there are 2.03 buyers for every 1 seller.

You may notice that in the forex market more people are losing money than earning a profit. Yes, that is correct it is better to go with the minority. It means if the SSI is negative we should buy and vice versa.

Like other indicators, you can not trust this one for every single trade. But at least you will be OK must of the time. Be careful though!

Profitability

There is no need for high financial intelligence to identify the profitability potential. You only need to educate yourself and learn some technical analysis plus read the important news. On Forex, profitability is summarized in a few ways. 
First of all, to trade you do not need to be a millionaire. Opposed to many markets, Forex lets you start trading with the very low capital. Depending on the type of your account and your broker you can open positions even at around $25. 
Surely you ask yourself, "What can I do with this little money?" Forex does not require much investment because it allows you to apply a Leverage (the amount of money the broker contributes towards your trade in a transaction). Which allows you to create new opportunities for tens of thousands of dollars while investing very smaller amounts of money yourself. Which means that Forex has the potential for profitability and also possibly loss of tens of thousands of money in one day.
But bear in mind that you need to have a very good money management to be able to be a successful trader. 
Another characteristic of Forex is that no matter which way the trend goes there is always an opportunity. It does not matter whether a currency unit falls or rises. There is always room for making a profit because you always have a choice of buying or selling. Unlike your stock exchange, you are not limited to working on high-risk stocks. 

It's important to keep in mind that with all the profits that Forex has it has its own risks. You should be aware of its risks and never risk the amount of money you can not lose.

Why Online trading?

Online trading includes a variety type of assets like currencies, commodities, ETFs, Cryptocurrencies, commodities, etc.

Forex (Foreign Exchange) is an international currency trading market. In this market, you will be able to buy and sell financial instruments including different currency pairs, commodity, etc.

Unlike most other financial markets, this market does not need any particular physical location and trades is being placed as an interbank network. This is possible with the advancement of technology and the possibility of the electronic and remote transaction of various financial instruments.

Who is a broker?

A broker is an intermediary agent between traders and the market. The role of the broker is merely to transfer trader's transactions to the global marketplace. In exchange for providing an opportunity to buy and sell, the brokers deduct a small percentage of each transaction as a commission and deposit it on their account. That will be done automatically.

Unlike other financial markets in the world, the Forex market is a 24-hour market. At all times, the rates in this market are changing. Of course, same as many other markets, the weekends are closed.

To succeed in Forex, it is better if you learn English. This is what I did too. Different courses are recommended to understand the contextual meanings of articles in regards to the financial market. To be successful you may start making a Forex Dictionary for your reference until you can memorise all the necessary words.

Why do we choose forex trading?

It's very interesting to know that the Forex market has a volume of more than 3 trillion trades a day. While the only thing that is required to access is a computer connected to the Internet.

24-hour: Forex trading is open 24 hours a day, and you can enter into a deal at any time, and you do not need to chew the nails behind closed doors until it's opened.

A small domain to focus on: Unlike the stock market, which includes tens of thousands of different stocks, Forex includes 8 major currencies. There are more currency pairs but to be successful you only need to concentrate on the major currencies.

Floating market: Forex is the world's largest currency market. The large volume of daily deals made Forex a floating market that you can buy and sell under normal market conditions.

Forex is not under the control of anyone. Due to the large volume of the market, one can be sure that no one can control it. Even banks do not have the power to influence it for a long time, making Forex a good place to start a real business.

Gap Trading

1. 
   Gap traders believe that in currency trading the pair tries to fill the gap after up to 3 days.

The same thing can be applied to stock trading or commodity trading.

I will update this one if it happens to be true.

Yes, GAP trading works.

I even checked GAP trading again between the 20th and 24th of May for 10 pairs.
So let's check to see if GAP trading worked this time?
On Monday morning the 20th of May we noticed a gap in some pairs.

On Friday the 24th I checked to see if it works or not.

The GAP already was closed for these pairs: $OIL, $NZDCHF, $AUDUSD, $AUDCHF, $AUDCAD, $CADJPY, $NZDUSD, $AUDJPY .


For $EURAUD the gap is almost closed.

Among the pairs that I am monitoring only $AUDNZD did not close the gap. Normally it takes up to 2 weeks, though.

So, considering that 8 out of 10 pairs responded well to the gap trading.
We give it an 80% accuracy score.
In FX trading this is very good.
See below the #AUDCHF 4H chart.

What are the other scenarios?

2. Price tries to close that gap but fails

3. In very trendy markets with big gaps prices may continue in the same direction.

Is Double Up An investing strategy?

پارسی

"Doubles up" is very common amongst the people who bet especially in casinos. Imagine when a trader does his or her analysis but price moves in opposite direction If the trader is confident enough that this is only a short-term move and price will go back as the analysis he or she may double the current position in an asset. Generally, after an adverse price movement event, there is a high chance to open another position at a better price. You have to be careful, though as this will increase the risk.