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DAY 6 - CURRENCY FUTUERS - COMMITMENT OF TRADERS - SPECULATIVE REPORTS

alifari Posted 6 Aug. in #Trader's blog #Currency #Futures #Traders #Speculators #Commitment

Although we trade spot forex, it is not a bad idea to be aware of trend on Currency Futures and how large speculators are stacked. One we of identifying this is to look at Weekly CFTC Reports on Major currencies.
The August 1st 2017 report suggest EURUSD Long contracts shrinked by 6K whereas Short contracts increased around 2K. However, the net long positions remain at 82k (Gross Long 191.5 Minus Gross Short 108.8). This suggest some selling interest is arising on this pair.
Here is data for oth…

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DAY 20 - USEFUL TIPS FOR TRADERS

alifari Posted 20 Jan. in #Trader's blog #Traders #Tips #Useful

Some useful tips for traders. To be a profitable, a trader must overcome these things:

You must beat your emotions by following a trading plan.
You must beat your ego by taking losses early when you are proven wrong.
You must beat your greed by managing your position sizing to limit your risk exposure.
You must beat your fears by letting a winning trade run when there is no reason to exit.

…

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DAY 23 - PRICE ACTION TRADERS

alifari Posted 23 Aug. in #Trader's blog #Price #Traders #Action

Here are some important points to consider, if you are a Price Action Trader:
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial Stop Loss was too wide.
3) Those who consider themselves price action trader. If you can't find multiple setups per week, even as a part time trader then you really can't call yourself a good p…

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DAY 12 - COMMON MISTAKES BY RETAIL TRADERS

alifari Posted 12 Feb. in #Trader's blog #Retail #Traders #Mistakes

There is a famous trading quote "A trader is the weakest link of any trading system". In this post, I have tried to identify some of the common mistakes we (retail traders) make while trading, which diminish our chances of consistent profitability and survival in this business.
1) Boredom: The trader wants some action, so they initiate a trade. Trades should only be enacted when entry signals are reached and not to alleviate boredom.
2) Frustration: Frustration comes from expectations not bein…

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Retail Traders

alifari Posted 24 Dec. in #Retail #Traders

I read it on web and thought I would share here:
One is a professor surrounded and besieged by huddled students. The other is a solitary scholar, sitting in the tranquility and privacy of his chambers, at ease in the spacious and comfy room where his thoughts can move freely. Here we encounter the tumult of schools, the dust of classrooms, the indifference to beauty in collective workplaces, There, it is all order and beauty, Luxe, calme et volupte'…

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BUY or SELL ?

alifari Posted 20 Dec. in #Herd Mentality #Traders

BUY or SELL ?

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alifari's Blog

DAY 6 - CURRENCY FUTUERS - COMMITMENT OF TRADERS - SPECULATIVE REPORTS

DAY 20 - USEFUL TIPS FOR TRADERS

DAY 23 - PRICE ACTION TRADERS

DAY 12 - COMMON MISTAKES BY RETAIL TRADERS

Retail Traders

BUY or SELL ?