PTN Eng - Latest Comments

Re: 11 Misconceptions about Forex (that can ruin your trading career)

Patryk Ki — Fri, 06 Nov 2020 16:52:22 -0000

I agree with you Raul! Thanks a lot!

Re: Fibonacci Retracements are Useless

Svetoslav Klichev — Sat, 11 Jul 2020 06:34:47 -0000

My trading is primarily based on price pattern recognition. A top, bottom or a continuation pattern in the price action gives relevant information on what the market sentiment is now. The future is anybody's guess, but a break out from a continuation pattern just works. Magic tools that predict the future like Fibonacci and the like are complete nonsense.

Re: 5 Aspects of trading that will help you trade with consistent results

Hussain Shalan — Tue, 02 Jun 2020 13:45:55 -0000

i open an account in this site only to reply to your article, you don't have any idea what you did to me after i read your notes last night,, it change my mind and mode and it give me the power to accept big lose in my last 3 trades and put for them stop before i lose all my capital , when i did that things i lost more than 50% of my account, but now am stress free and have new vision, and from now on with aid of god i will risk only 1% on each trade and max lose of 3 trades for i day and am out and start new day,, with this option i will never risk my full account,, and will sleep well as well,, i start today and won $4 and am happy with that,, while i already lost more than $1000 when i put close my bad trades, so with 1% risk from now on i will not see that much lose again,, thanks again for your nice article,, wish you a best and happy life forever,, and remember losing is part of the game,, god be with you

Re: 5 Aspects of trading that will help you trade with consistent results

Patryk Ki — Mon, 18 May 2020 03:35:27 -0000

Hi, it;s 2020 and your all articles show how to trade to be good trader. It's 5 years later and it still working :)

Thank you

Re: I’ll share my strategy with you

Donald Schnell — Fri, 11 Oct 2019 00:52:48 -0000

Raul, probably one of the most important lessons that I learned from you, is to search for the best currency pair offering the highest probability. Currently, I trade the Aud/Usd because it fits my time frame. However, because of your instruction, I don't depend on the Aussie offering a trade, but rather which currency offers the best risk/reward and highest probablity trade.

Re: Fibonacci Retracements are Useless

Abhishek K — Tue, 22 May 2018 22:10:10 -0000

I see couple of problem in this article, first of all you shown evidence of working Fibonacci levels, in practice when you draw them over a chart using algorithms, they hardly show any support, so from statistical point of view they don't work, which is what you are also saying but in a misleading manner.

Second you asked why should they work? In trading we shouldnt always ask "why", the fact is if many trader believe in that level as use it as an agreement level just because it's known to many it will work..no need to find cause for that

Re: Why it’s very dangerous to trade using trendlines

Elliot DeBonee — Thu, 26 Apr 2018 23:38:14 -0000

what about using auto trend lines(i use ghandifx auto trend line in mt4) for monthly charts. would that be safer if its longer term?

Re: Quick trick + Analysis

Rakesh Reddy — Wed, 18 Apr 2018 03:41:10 -0000

hello Raul, can you give me the exact definition of the word PRESSURE... i am abit confused with it ..can you pls explain me ..

Re: Why it’s very dangerous to trade using trendlines

Art Baker — Sat, 11 Nov 2017 17:37:54 -0000

I looked at the above trend lines your have drawn and everyone is drawn incorrectly, in fact the worst trend lines I have ever seen. I live by trend lines very easy to predict.

Re: The best strategy ever: Pyramid in – Increasing your trading size

Kulai — Mon, 17 Jul 2017 02:42:27 -0000

Try juala su strategy on her facebook page it work greats.

Re: I can prove you trading is a confidence game (… and steps to get rock solid confident in forex)

Raul Lopez — Tue, 06 Jun 2017 13:27:00 -0000

Glad you liked it!

Re: I can prove you trading is a confidence game (… and steps to get rock solid confident in forex)

Clark Kent — Tue, 06 Jun 2017 12:48:40 -0000

Very well written article, Thanks.

Re: Is it about time to start trading Bitcoin?

Raul Lopez — Fri, 02 Jun 2017 11:57:42 -0000

Will do Borhan! Thank you again...

Re: Is it about time to start trading Bitcoin?

AVATAR 007 — Fri, 02 Jun 2017 03:27:18 -0000

Hi Raul
Thanks a lot for your response. Yup, it's been a while though, but the most important and valuable trading advice I got from you Raul. Please keep it up. I will be in touch now on. Can you please send me the link or timing of you lessons. I like to attend or see the recording at suitable time. Pleas keep posting and update any markets news or events that help us trade better and responsibly. Much appreciate your efforts.
Cheers
Regards Borhan

Re: Is it about time to start trading Bitcoin?

Raul Lopez — Thu, 01 Jun 2017 17:11:16 -0000

Hey Borhan! long time no see!! How is everything?

Yep, maybe in the following months we'll get a better understanding of what all these cryptocurrencies are up to...

Until then, I'll stick to the forex market, indexes, commodities, etc.

Cheers,

Re: Is it about time to start trading Bitcoin?

AVATAR 007 — Thu, 01 Jun 2017 12:21:13 -0000

Hi Raul, you are absolutely right. I strongly agree with you. One of my friends literally forced me to look at the price and volatility and future. I looked at bitcoin, the charts and patterns on which we heavily rely on trading, and also volatility index. I couldn't understand why and how it's moving, and no reliable correlation factors. I also agree with you, not to trade with any kind of leverage, until we have enough understanding and experience of the nature of the instruments. Thank you so much for your discussion and your valuable insight. Much appreciate it.

Kind Regards Borhan

Re: Divergence Trading is a Complete Waste of Time (and Money)

Raul Lopez — Tue, 16 May 2017 11:23:33 -0000

Hello Steve, sounds like a good plan you've got there...

The main point here is, it is very important to understand that the nature of oscillators is to produce divergences... that's what they are meant to do, because they oscillate between two levels, sooner or later, we are going to get them...

So basically, when you trade using divergences, you are trying to go short, when the market in fact, has been moving up (and vice versa)...

In my opinion, there is no better place to go long, than when the market has been moving up...

What do you think?

Re: Divergence Trading is a Complete Waste of Time (and Money)

Raul Lopez — Tue, 16 May 2017 11:20:08 -0000

Hello Maryna... Glad you are with me on this one as well!

Thank you for your comment...

Re: Divergence Trading is a Complete Waste of Time (and Money)

Steve — Wed, 10 May 2017 12:23:04 -0000

Hi Raul - not all divergences are created equal. I have a divergence-based setup called a P5 using the eWavesHarmonics indicator. It is a strong indicator of the possible end to a corrective wave; a chance to buy the dips and sell the rallies. We don't trade negative divergence (particularly of an impulsive wave, as your pictures appear to show), we use it to alert to an opportunity (it's an easy thing to code), then trade the price action in the direction of the dominant trend. I've also been trading for well over a decade and I can say, with all conviction, that divergence can be extremely useful.

Re: Divergence Trading is a Complete Waste of Time (and Money)

Maryna Murray — Wed, 10 May 2017 11:38:05 -0000

Hi Raul, as usual, a very interesting subject as I know a few traders who are (obsessed?) with divergence and then miss good trades. I'm 100% with you on this one as well! However, I really appreciate your good description of divergence and reasons for it as I never hear traders mention the reasons you gave! Thank you!

Re: A new way to trade fundamental (news) releases

Sylvester — Fri, 05 May 2017 16:42:16 -0000

You're perfectly right. I closed positions on USDCAD also and I've been checking the charts without seeing anything unusual, before the news release I even checked previous months without noticing any significant movement. I think I'll start ignoring it too.

Re: I think this is the best currency pair to trade right now

Raul Lopez — Fri, 05 May 2017 11:04:08 -0000

Nice move Giles!

Re: I think this is the best currency pair to trade right now

Giles — Fri, 05 May 2017 03:51:24 -0000

Yes, I am Raul. Thanks for asking! I am seeing that further oil prices sliding is helping to boost USD/CAD. I am in profit and holding over the NFP and I know that the market is focusing on wage growth, so any positive surprise there will help with more USD strength.

Re: I think this is the best currency pair to trade right now

Raul Lopez — Thu, 04 May 2017 18:54:33 -0000

You can take both, a retracement or a breakout of the new range.

Re: I think this is the best currency pair to trade right now

Raul Lopez — Thu, 04 May 2017 18:54:01 -0000

So far so good Giles... are you still holding your trade?