I receive many messages from trader who wins or loses with the technical analysis. You must be aware that trading is hazardous, I'm not a medium.
I want to warn all traders. Please post a message here when you lose. Only when you lose.
Why?
To educate newbies. This is not because there are periods of gains that we can take more risk.
Keep a good money management. And do not forget your stop loss
Hi Arnaud,
Today I lost 13 USD (just opened a position with 2000 USD) on the EUR/GBP trade. Hit my stop loss and went out of the trade. Also the EUR/CAD and USD/JPY is currently on and both have been loitering in the negative pips zone for almost two and a half hours.
On the brighter side I made 110 + 30 + 48 pips on three trades recommended by you. So 188 pips minus 13 minus another 50 pips for the ongoing trades still leaves me in the profit for the day! Thanks a lot. Keep up the good work.
Cheers.
Today I lost 13 USD (just opened a position with 2000 USD) on the EUR/GBP trade. Hit my stop loss and went out of the trade. Also the EUR/CAD and USD/JPY is currently on and both have been loitering in the negative pips zone for almost two and a half hours.
On the brighter side I made 110 + 30 + 48 pips on three trades recommended by you. So 188 pips minus 13 minus another 50 pips for the ongoing trades still leaves me in the profit for the day! Thanks a lot. Keep up the good work.
Cheers.
i LOST eur/gbp $716 for today eur/gbp
on the 7th i lost 3k eur/gbp
on 18th 12 2008 which is the end of mataf for 2008 i lost 12k EUR/USD, the best present from mataf.. haha
But again due to my vol n margin.. if i took a profit of 10 pips i would have lost none. 10 pips a day is enough for the vol i play..
on the 7th i lost 3k eur/gbp
on 18th 12 2008 which is the end of mataf for 2008 i lost 12k EUR/USD, the best present from mataf.. haha
But again due to my vol n margin.. if i took a profit of 10 pips i would have lost none. 10 pips a day is enough for the vol i play..
Hi Arnaud,
I closed out the EUR/CAD and USD/JPY trades with a loss of 25 USD and 3.33 USD respectively trading 10000 USD (0.1 standard lot). Why is that the EUR/AUD, EUR/CAD, and EUR.GBP analysis always give losses? Any ideas here? Is it the market movements?
Cheers.
I closed out the EUR/CAD and USD/JPY trades with a loss of 25 USD and 3.33 USD respectively trading 10000 USD (0.1 standard lot). Why is that the EUR/AUD, EUR/CAD, and EUR.GBP analysis always give losses? Any ideas here? Is it the market movements?
Cheers.
Citation (rajgopal @ Jan 12 2009, 12:27) 
Hi Arnaud,
I closed out the EUR/CAD and USD/JPY trades with a loss of 25 USD and 3.33 USD respectively trading 10000 USD (0.1 standard lot). Why is that the EUR/AUD, EUR/CAD, and EUR.GBP analysis always give losses? Any ideas here? Is it the market movements?
Cheers.
I closed out the EUR/CAD and USD/JPY trades with a loss of 25 USD and 3.33 USD respectively trading 10000 USD (0.1 standard lot). Why is that the EUR/AUD, EUR/CAD, and EUR.GBP analysis always give losses? Any ideas here? Is it the market movements?
Cheers.
Rajgopal,
EURAUD and EUCAD are very volatile currencies : actually they can make a 400-600 pips low/high a day. On these you can be in a long trend, enter long, and finish the day 400 pips under your entry point.
Just stay away of these ones and focus on easier ones.
Have a nice day.
Dam.
your signals this afternoon were excellent! thank you
QUOTE (damtoul @ Jan 12 2009, 7:17)
Citation (rajgopal @ Jan 12 2009, 12:27) *
Hi Arnaud,
I closed out the EUR/CAD and USD/JPY trades with a loss of 25 USD and 3.33 USD respectively trading 10000 USD (0.1 standard lot). Why is that the EUR/AUD, EUR/CAD, and EUR.GBP analysis always give losses? Any ideas here? Is it the market movements?
Cheers.
Rajgopal,
EURAUD and EUCAD are very volatile currencies : actually they can make a 400-600 pips low/high a day. On these you can be in a long trend, enter long, and finish the day 400 pips under your entry point.
Just stay away of these ones and focus on easier ones.
Have a nice day. smile.gif
Dam.
Hi Arnaud,
I closed out the EUR/CAD and USD/JPY trades with a loss of 25 USD and 3.33 USD respectively trading 10000 USD (0.1 standard lot). Why is that the EUR/AUD, EUR/CAD, and EUR.GBP analysis always give losses? Any ideas here? Is it the market movements?
Cheers.
Rajgopal,
EURAUD and EUCAD are very volatile currencies : actually they can make a 400-600 pips low/high a day. On these you can be in a long trend, enter long, and finish the day 400 pips under your entry point.
Just stay away of these ones and focus on easier ones.
Have a nice day. smile.gif
Dam.
I lost on the EUR/CAD also but if I would have read the signal properly A position should have been taken if support was broken at 1.514 but it never was it came close so i lost 84.00 bucks last night but I entered in on the USD/JPY position at 90.1 and in maken cash .
Rajgopal you cant let your emotions get into the trades yu'll never make money set your stop losses that are comfortable for you and wait if you would of helpd you postion on USD/JPY you would of made money instead of hoping for something to transpire in minutes or hours of waiting and sitting in front of the computer.
all I have to say up 375 on USD/JPY
Dwight
Hi,
Any suggestions which are the easier pairs to trade with not much risk and more gains? Thanks for the help.
Cheers.
Any suggestions which are the easier pairs to trade with not much risk and more gains? Thanks for the help.
Cheers.
QUOTE (rajgopal @ Jan 12 2009, 10:30)
Hi,
Any suggestions which are the easier pairs to trade with not much risk and more gains? Thanks for the help.
Cheers.
Any suggestions which are the easier pairs to trade with not much risk and more gains? Thanks for the help.
Cheers.
Honestly the risk is all the same when you are talking about trading you win some and you lose some, but if you search for the proper information to make an intelligent decision then you can minimize the risk. I have found that of all the currencies Eur/Gbp and the Gbp/Chf have been good to me but I have lost some on them but not as much on others. I have noticed and trust me Im no expert that looking for daily info and news regarding the currency I want to trade helps me out and makes me sleep at night while my trade is still open (instead of how i used to trade and that is drinking thousands of cups of coffee and stayingup without sleeping) setting my proper stop loss and take profit points and let the broker do the work. Right now I have nothing open I just closed USD/JPY for a total profit of $375 propably could of stay in it longer but i think ill get back in when it gets back to 90 but there was a break in both support and resistance so Im questioning on where it may go from here so Im getting out while im ahead. What is you email I wanna tell you something I would rather not post on the board.
dwight
Hi,
My mail id is dr.rajgopal@dianibeachhospital.com.
Thanks
My mail id is dr.rajgopal@dianibeachhospital.com.
Thanks
On yesterday and today trades i've got a 4 losers and 2 wins.
I find that mataf makes great currency analysis. The key is to mange your postions properly cause in life you win some you lose some. If it were the case were all matafs calls were correct then everybody would trade forex and be filty rich. As long as your wins are greater than your losses and proper money mangement is used you will always be a WINNER!!!! Keep up the great work MATAF!!!!!!! 
As stated earlier im posting this to educate NEWBIES.
10th Feb 2009
EUR/GBP could take a short(Mataf) but went long.
USD/CHF could take go long(Mataf) but went short.
both str8 to SL.
Anyone knows why is this happening? or why the market rebounce at its opening? Care to share?
10th Feb 2009
EUR/GBP could take a short(Mataf) but went long.
USD/CHF could take go long(Mataf) but went short.
both str8 to SL.
Anyone knows why is this happening? or why the market rebounce at its opening? Care to share?
The trading tips below will work well for traders who want to catch the big profits from the big currency trends that last months or years and will help you make money fast in forex trading.
1. Accept Volatility and Risk
All good FOREX traders understand that volatility and risk mean big money making potential.You can't have a profitable FOREX trading method without taking risk, you need to risk more to gain more. .Risk though is misunderstood by most currency traders and they try and limit risk so much that they actually have no chance of making any profits.They always get stopped out.The perfect example is the day, or intra day trader, trading in one session with a tight stop.
If you are after a big gain give the trade room to breathe and place a stop that takes into account market volatility.
Also don't trail your stop to quickly leave it far enough behind not to get stopped out by volatile reactions within the long term trend.You can't predict volatility in the day so don't try.Look longer term take bigger calculated risks and go for bigger profits and trade less.
2. Trade Infrequently
Many traders trade frequently and always like to be in the market, they fear they will miss a move, or that by trading more frequently, they will make money.There is no correlation between how often you trade and how much money you make, so learn to be patient.The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.Focus on the trades that make the really big gains and be patient while you wait for them.
3. Don't Diversify
Diversification is a great way to make money slowly not fast you simply are diluting your gains, if you are trading a small forex account.Focus only on trades that you are confident can make big money in and don't hedge or take other trades.
If you think the trade is going to be big back your judgment.
4. Money Management
We are looking at the BIG opportunities that allow us to make big gains, and this is actually, where money management becomes important.Where taking calculated risks here not just taking risk for the sake of it.The tips below are a great way of controlling risk
1. Buying options at in or close to the money, they will give you staying power and stop you getting taken out by volatility.
Be careful not to buy out the money options and make sure that you get plenty of time on your side if using this method.
Many traders lose, not because they were wrong about the trend, they simply got stopped out.
Options overcome this problem and will give you staying power.
2. Many traders start trailing their stops to close as we said earlier to lock in a profit, more often than not they get stopped out.
The trade runs on to make thousands more in profit and there not in it!.
Keep your stop in its original position and let the move develop without the temptation to move your stop up.
You're looking to make money fast, and you're trading selectively so have the courage of your conviction .
Consider this
The fact is in currency trading or any other venture in life that involves making big gains you have to take a calculated risk at the right time and have the courage to go for it.
I read all the time about risk management in trading and some traders become so obsessed with not losing they will actually never win and lose their equity over time.
Don't make the same mistake.
1. Accept Volatility and Risk
All good FOREX traders understand that volatility and risk mean big money making potential.You can't have a profitable FOREX trading method without taking risk, you need to risk more to gain more. .Risk though is misunderstood by most currency traders and they try and limit risk so much that they actually have no chance of making any profits.They always get stopped out.The perfect example is the day, or intra day trader, trading in one session with a tight stop.
If you are after a big gain give the trade room to breathe and place a stop that takes into account market volatility.
Also don't trail your stop to quickly leave it far enough behind not to get stopped out by volatile reactions within the long term trend.You can't predict volatility in the day so don't try.Look longer term take bigger calculated risks and go for bigger profits and trade less.
2. Trade Infrequently
Many traders trade frequently and always like to be in the market, they fear they will miss a move, or that by trading more frequently, they will make money.There is no correlation between how often you trade and how much money you make, so learn to be patient.The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.Focus on the trades that make the really big gains and be patient while you wait for them.
3. Don't Diversify
Diversification is a great way to make money slowly not fast you simply are diluting your gains, if you are trading a small forex account.Focus only on trades that you are confident can make big money in and don't hedge or take other trades.
If you think the trade is going to be big back your judgment.
4. Money Management
We are looking at the BIG opportunities that allow us to make big gains, and this is actually, where money management becomes important.Where taking calculated risks here not just taking risk for the sake of it.The tips below are a great way of controlling risk
1. Buying options at in or close to the money, they will give you staying power and stop you getting taken out by volatility.
Be careful not to buy out the money options and make sure that you get plenty of time on your side if using this method.
Many traders lose, not because they were wrong about the trend, they simply got stopped out.
Options overcome this problem and will give you staying power.
2. Many traders start trailing their stops to close as we said earlier to lock in a profit, more often than not they get stopped out.
The trade runs on to make thousands more in profit and there not in it!.
Keep your stop in its original position and let the move develop without the temptation to move your stop up.
You're looking to make money fast, and you're trading selectively so have the courage of your conviction .
Consider this
The fact is in currency trading or any other venture in life that involves making big gains you have to take a calculated risk at the right time and have the courage to go for it.
I read all the time about risk management in trading and some traders become so obsessed with not losing they will actually never win and lose their equity over time.
Don't make the same mistake.
We could take a short position at 1,4720. We will put the stop loss above 1,4765 (-45 pips). The targets are 1,4650 (+70 pips, risk/reward 1:1.6), 1,4600 (+120 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3
*For those who follow blindly and u guys will go straight to Stop Loss target..(This is what happened)
*Again this is to educate NEWBIES.
And for eur/usd
We could take a short position at 1,2620. We will put the stop loss above 1,2700 (-80 pips). The targets are 1,2500 (+120 pips, risk/reward 1:1.5), 1,2400 (+220 pips, risk/reward 1:2.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
*Not bad but did not reach TP target and bounce back again.
*Not forgetting to mention this is to EDUCATED newbies.
*For those who follow blindly and u guys will go straight to Stop Loss target..(This is what happened)
*Again this is to educate NEWBIES.
And for eur/usd
We could take a short position at 1,2620. We will put the stop loss above 1,2700 (-80 pips). The targets are 1,2500 (+120 pips, risk/reward 1:1.5), 1,2400 (+220 pips, risk/reward 1:2.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
*Not bad but did not reach TP target and bounce back again.
*Not forgetting to mention this is to EDUCATED newbies.
QUOTE (vik macks @ Feb 10 2009, 21:26)
The trading tips below will work well for traders who want to catch the big profits from the big currency trends that last months or years and will help you make money fast in forex trading.
1. Accept Volatility and Risk
All good FOREX traders understand that volatility and risk mean big money making potential.You can't have a profitable FOREX trading method without taking risk, you need to risk more to gain more. .Risk though is misunderstood by most currency traders and they try and limit risk so much that they actually have no chance of making any profits.They always get stopped out.The perfect example is the day, or intra day trader, trading in one session with a tight stop.
If you are after a big gain give the trade room to breathe and place a stop that takes into account market volatility.
Also don't trail your stop to quickly leave it far enough behind not to get stopped out by volatile reactions within the long term trend.You can't predict volatility in the day so don't try.Look longer term take bigger calculated risks and go for bigger profits and trade less.
2. Trade Infrequently
Many traders trade frequently and always like to be in the market, they fear they will miss a move, or that by trading more frequently, they will make money.There is no correlation between how often you trade and how much money you make, so learn to be patient.The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.Focus on the trades that make the really big gains and be patient while you wait for them.
3. Don't Diversify
Diversification is a great way to make money slowly not fast you simply are diluting your gains, if you are trading a small forex account.Focus only on trades that you are confident can make big money in and don't hedge or take other trades.
If you think the trade is going to be big back your judgment.
4. Money Management
We are looking at the BIG opportunities that allow us to make big gains, and this is actually, where money management becomes important.Where taking calculated risks here not just taking risk for the sake of it.The tips below are a great way of controlling risk
1. Buying options at in or close to the money, they will give you staying power and stop you getting taken out by volatility.
Be careful not to buy out the money options and make sure that you get plenty of time on your side if using this method.
Many traders lose, not because they were wrong about the trend, they simply got stopped out.
Options overcome this problem and will give you staying power.
2. Many traders start trailing their stops to close as we said earlier to lock in a profit, more often than not they get stopped out.
The trade runs on to make thousands more in profit and there not in it!.
Keep your stop in its original position and let the move develop without the temptation to move your stop up.
You're looking to make money fast, and you're trading selectively so have the courage of your conviction .
Consider this
The fact is in currency trading or any other venture in life that involves making big gains you have to take a calculated risk at the right time and have the courage to go for it.
I read all the time about risk management in trading and some traders become so obsessed with not losing they will actually never win and lose their equity over time.
Don't make the same mistake.
1. Accept Volatility and Risk
All good FOREX traders understand that volatility and risk mean big money making potential.You can't have a profitable FOREX trading method without taking risk, you need to risk more to gain more. .Risk though is misunderstood by most currency traders and they try and limit risk so much that they actually have no chance of making any profits.They always get stopped out.The perfect example is the day, or intra day trader, trading in one session with a tight stop.
If you are after a big gain give the trade room to breathe and place a stop that takes into account market volatility.
Also don't trail your stop to quickly leave it far enough behind not to get stopped out by volatile reactions within the long term trend.You can't predict volatility in the day so don't try.Look longer term take bigger calculated risks and go for bigger profits and trade less.
2. Trade Infrequently
Many traders trade frequently and always like to be in the market, they fear they will miss a move, or that by trading more frequently, they will make money.There is no correlation between how often you trade and how much money you make, so learn to be patient.The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.Focus on the trades that make the really big gains and be patient while you wait for them.
3. Don't Diversify
Diversification is a great way to make money slowly not fast you simply are diluting your gains, if you are trading a small forex account.Focus only on trades that you are confident can make big money in and don't hedge or take other trades.
If you think the trade is going to be big back your judgment.
4. Money Management
We are looking at the BIG opportunities that allow us to make big gains, and this is actually, where money management becomes important.Where taking calculated risks here not just taking risk for the sake of it.The tips below are a great way of controlling risk
1. Buying options at in or close to the money, they will give you staying power and stop you getting taken out by volatility.
Be careful not to buy out the money options and make sure that you get plenty of time on your side if using this method.
Many traders lose, not because they were wrong about the trend, they simply got stopped out.
Options overcome this problem and will give you staying power.
2. Many traders start trailing their stops to close as we said earlier to lock in a profit, more often than not they get stopped out.
The trade runs on to make thousands more in profit and there not in it!.
Keep your stop in its original position and let the move develop without the temptation to move your stop up.
You're looking to make money fast, and you're trading selectively so have the courage of your conviction .
Consider this
The fact is in currency trading or any other venture in life that involves making big gains you have to take a calculated risk at the right time and have the courage to go for it.
I read all the time about risk management in trading and some traders become so obsessed with not losing they will actually never win and lose their equity over time.
Don't make the same mistake.
I agree with you.Trade more often and you make mistakes more often....it's logical.
My question is how certain can you be of a trade,even if you wait a long time for it?
Peace
Arnauds analysis are seldom wrong, but I can imagin that they could be used incorrectly if so, they can give some big losses... I experienced the same, but I have learned to use them profitably. I do not think that the analysis must be followed blindfolded.
Using these very fine analysis I do very well using them as a foundation for my own research. I NEVER just go in and enter the stop loss and the TP and go and play golf. When I trade I sit at the computer.
My entry is never on the figure Arnaud provides, but I wait to see if it goes into the forecast direction. I receive theforecast late, as a result the trade is often well on the way.
I may wait for a retracement which is sometimes semi-predictable from the severity of the movement of the trend. I shall than enter the trade. I'll not take big profits, I'd either move my stop or I'll take my profit and run the moment it wants to retrace. I'll wait for the retracement to complete and if and when it does I'll re-enter. I have never yet made the full amount as predicted in the suggestions Arnaud puts forward. I also found that some of the entry levels do not appear on the day of the foecast but and the next day Arnaud says No trade, I find that the previous days forecast becomes a reality.
As a scalper I also read the preambles to the pairs where no trade is predicted and use the suggested R and S levels to indicate small trades.
I NEVER trade against the trend, even in my scalping trades. I have a specific monthly figure I aim to make, but I do not trade when I believe that the chances of failure are real, just to try and fill my budget. When I am ahead of budget I may stay away from the computer for a full day.
I always look at the Day chart to establish the days direction and think to myself, why should it alter just because I am entering... so I by and large use the Day chart to set the pace as it were. I than go to the Hour chart to see what it is doing currently within this day. If it is showing similar directional movement I will open the 15M (I have every pair I trade set up as a template on my M4 platform) the 15m chart is my directional confirmation for an entry point having established what ever signals my candles and my 15M Chart S and R lines tell me, perhaps there is a head and shoulders or a double top or bottom or a wedge within the trend I want to trade etc. For scalping i use the 15M chart to establish my SL and TP, for longer trades I use the Hour chart.
I now open the 1M chart and the moment it moves in the direction of the trend I go in.
It works very well, if I knew how to attach something to this post I'd attach a typical days trading statement.
If you think i can help I'll do my best
Good Luck
Using these very fine analysis I do very well using them as a foundation for my own research. I NEVER just go in and enter the stop loss and the TP and go and play golf. When I trade I sit at the computer.
My entry is never on the figure Arnaud provides, but I wait to see if it goes into the forecast direction. I receive theforecast late, as a result the trade is often well on the way.
I may wait for a retracement which is sometimes semi-predictable from the severity of the movement of the trend. I shall than enter the trade. I'll not take big profits, I'd either move my stop or I'll take my profit and run the moment it wants to retrace. I'll wait for the retracement to complete and if and when it does I'll re-enter. I have never yet made the full amount as predicted in the suggestions Arnaud puts forward. I also found that some of the entry levels do not appear on the day of the foecast but and the next day Arnaud says No trade, I find that the previous days forecast becomes a reality.
As a scalper I also read the preambles to the pairs where no trade is predicted and use the suggested R and S levels to indicate small trades.
I NEVER trade against the trend, even in my scalping trades. I have a specific monthly figure I aim to make, but I do not trade when I believe that the chances of failure are real, just to try and fill my budget. When I am ahead of budget I may stay away from the computer for a full day.
I always look at the Day chart to establish the days direction and think to myself, why should it alter just because I am entering... so I by and large use the Day chart to set the pace as it were. I than go to the Hour chart to see what it is doing currently within this day. If it is showing similar directional movement I will open the 15M (I have every pair I trade set up as a template on my M4 platform) the 15m chart is my directional confirmation for an entry point having established what ever signals my candles and my 15M Chart S and R lines tell me, perhaps there is a head and shoulders or a double top or bottom or a wedge within the trend I want to trade etc. For scalping i use the 15M chart to establish my SL and TP, for longer trades I use the Hour chart.
I now open the 1M chart and the moment it moves in the direction of the trend I go in.
It works very well, if I knew how to attach something to this post I'd attach a typical days trading statement.
If you think i can help I'll do my best
Good Luck
The Latest EurUsd analysis is good I think, but I wasn't able to put my long position until 1.3029 and I don't know why, but I adjusted the stop loss to the new one when you updated and it stopped out. If it would have been at the previous value I wouldn't have lost. I think it's still going to uptrend. When should we re-enter this trade?