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This is MEGAsPIPs where reliable tips about Pips are freely shared with all members.

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CAVEAT: Please, note that MEGAsPIPs is for now, only an educational platform.


NOTE:
It is in the best interest of all group members to understand that MEGAsPIPs was originally founded on the FXTM ACADEMY and BTMM's (Beat The Market Makers') Forex Trading Strategy as the most reliable and consistent profit-making "know-how" of the Forex Trading business. However, due to the dynamic nature of the Forex Markets, ICT, WYCKOFF, EWP and SMC have now been added to form a formidable trading system. Therefore, irrespective of each individual member's Forex trading background, MEGAsPIPs would like to advise everyone to start/restart the journey to success in this business by carefully watching the below video as a matter of necessity.


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Nothing posted in this chat room either visually or vocally, is to be seen nor regarded as a trading advice. All posts on this platform are meant for educational purposes only. All trades taken which are influenced in anyway by a member's misunderstanding of the Fx educational material(s) here are strictly at his/her own risk. Nobody in this chatroom is a financial advisor!

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MEGAsPIPs: For Timeless Information to Bullish Your PIPs!

As a beginner you can start as making a profit as high as $150 a day just like today example

MARKET SENTIMENTS ANALYSIS
(Source - News Profiteer & HFM)

1) Risk On (Appetite) Market Sentiment:

A) Appreciating Instruments - HEBC CATEGORY:-

(i) High Beta Currencies (AUD, EUR, GBP, NZD, CAD) should Rise or Buy

(ii) Equities (Stocks) should Rise or Buy

(iii) Bonds should Rise or Buy

(iv) Commodities should Rise or Buy

B) Depreciating Instruments - SV CATEGORY:-

(i) Safe Haven Currencies (USD, CHF and JOY) should Fall or Sell

(ii) VIX (Fear Index) should Fall or Sell

2) Risk Off (Aversion) Market Sentiment:

A) Depreciating Instruments - HEBC CATEGORY:-

(i) High Beta Currencies (AUD, EUR, GBP, NZD, CAD) should Fall or Sell

(ii) Equities (Stocks) should Fall or Sell

(iii) Bonds should Fall or Sell

(iv) Commodities should Fall or Sell

B) Appreciating Instruments - SV CATEGORY:-

(i) Safe Haven Currencies (USD, CHF and JOY) should Rise or Buy

(ii) VIX (Fear Index) should Rise or Buy

ADDITIONAL INFORMATION:

Forex Market Sentiments

What to look for during Market Research:

1) The currency must be mentioned
2) The direction of the Move
3) Why it has moved in that direction
4) The expectation

5) #Sites used to monitor sentiments:

i) financialjuice.com > Home

ii) forexlive.com > More > sessions wraps

iii) reuters.com > Markets

iv) newsquack.com >

v) investing.com > News > Most Popular

vi) tradingeconomics.com > News

vii) fxstreet.com > News

viii) forexfactory.com > Calender

ix) cnn.com

x) bloomberg.com

xi) cftc.com

6) #If the 10yrs USD Yield is rising USDJPY is a buy

7) #If Germany economy is struggling EUR is weak

8) During Risk-On (Risk Appetite) environment we buy USDJPY because dollar rises above Japanese Yen.
However, during Risk-off, USDJPY falls

Note: JPY is a funding currency that is why US Dollar falls against it during Risk Off (Risk Aversion) environment.

"The quality of every decision is determined by the quality of the information used to arrive at it."

The above quote is one of the most relevant quotes for both the serious minded upcoming Forex Trader as well as the established professional decision makers in every field of human endeavors.

This same quote is one of the reasons why the Wyckoff Methodology has remained very effectively relevant for many decades and still counting without fading.

The Wyckoff System is very effective and reliable due to its uncanny ability to decode every action and the intention of the Market Price Movers in every step of their moves!

Actually, anyone who had studied the BTMM, Elliot Waves, ICT, SMC, QM and even other pure PA trading Systems, Concepts or methodologies carefully before studying the Wyckoff Method in-depth, will easily  understand that all the other aforementioned approaches to trading are arguably mere subsets or smaller aspects of the entire Wyckoff Methodology In-depth.

Therefore, my token advice to those who intend making a successful and sustainable carrier in Financial Market Trading is that they take the Wyckoff Trading System seriously.

Wishing us all a great weekend ahead!🙌🏽

Truth is, all strategies work depending on the individual trader's intellectual capacity, mindset as well as his/her emotional and psychological make up. This is one of the reasons why one must discover what works for him/her and stick with it without wavering.

The big challenge responsible for the unending search has been the inability to stick with one strategy long enough till unshakeable confidence is attained.

"We succeed in proportion to the amount of energy and enterprise we use in going after results."
       __ Richard D. Wyckoff

THE METHOD OF TAPE READING
(Judging The Market By Its Own Action)

By Richard D. Wyckoff

The business of Wall Street is to finance corporations and to sell the securities — stocks and bonds — which result from this financing. Some securities are good; others not so good. Those who manufacture and sell them to the public know their value best. The public has comparatively little idea of their real value, except seasoned securities — those which have been on the market for a long time and which, therefore, have established earning power and intrinsic value.

In every case the banker who does the financing and the dealers who help him distribute, have paid for their securities either in cash or in services, or underwritten them. The object is to market these stocks and bonds at as high prices as possible. This marketing is done through distributing houses and syndicates, by private sale, by public offering, and by means of listing on the stock
exchanges.

In the latter case, the stock is advertised by making it active on the tape.
If the price be advanced, and the transactions made large, the activity attracts buyers, and those who are handling the stock are thus able to dispose of their shares.

Sponsorship is continued after the market is thus made for a company’s shares.
The bankers operate for themselves, or others operate for them. After a stock is floated, its sponsors try to create a stable market and support the price as well as they can without taking back too much stock. When it is thoroughly distributed and enough people are interested in the stock to make a market which takes care of itself, under ordinary conditions, the original banker, syndicate or sponsor may discontinue operations and turn attention to some other which
affords a new opportunity for money-making.

Other interests may begin operations in that stock.

Generally speaking, there are usually one or more sponsors or large operators working in every stock. Sometimes there are many. These interests see opportunities for profit,
accumulate a line, mark up the price when conditions are favorable, and then sell out. Or they may sell short, depress the price and cover.

No one can deny that in Wall Street the, big fish eat the little ones.
Large operators could not operate successfully without the large number of people making up the public; that is, if there were only ten big interests in the market and no public, these ten could only make a profit by dealing with each other. It would be difficult for one crowd to deceive any of the nine others. But when the public enters the stock market, the large operator's game becomes easier for him.

Tape Reading and Chart Reading, enable one to detect and profit by
these inside operations or manipulation; to judge the future course of stocks, by weighing the relation of supply and demand. This sometimes can be done from price movement alone, but if you consider also the volume of the
transactions you gain an additional and vitally important helpful factor.

By accurately judging this supply and demand, you are able to decide
the trend of the whole market and of certain stocks; also which stocks to buy or sell, and, what is even more important, when to do so.

You always aim to select the most promising opportunities; that is, the
stocks which are likely to move soonest, fastest and farthest. You make no commitments without sound reasons, and you avoid undue risks.

Whenever you study the tape or a chart, consider what you see there
as an expression of the forces that lift and depress prices. Study your charts
not with an eye to comparing the shapes of the formations, but from the viewpoint of the behavior of the stock; the motives of those who are dominant in it; and the successes and failures of the buyers and sellers as they struggle for mastery on every move.

The struggle is continuous. The tape shows all this in detail. The charts
enable you to pick the market apart and study whatever portion or phase of it you choose.

Supply and demand may be studied on the tape of the stock ticker, and
to even better advantage from charts.

The tape is like a moving picture film. Every minute of the day it is
demonstrating whether supply or demand is the greater. Prices are constantly showing strength or weakness: strength when buyers predominate and weakness when the offerings overpower the buyers. All the various phases from dullness to activity; from strength to weakness; from depression to boom, and from the top of the market down to the bottom — all these are
faithfully recorded on the tape. All these movements, small or great, demonstrate the workings of the law of supply and demand. By transferring to the charts portions of what appears on the tape, for study and forecasting purposes, one is more readily enabled to make deductions with accuracy.

And now that you are undertaking to learn this Method it is best that
you prepare your mind for it by discarding most of the factors that you have heretofore employed in forming your judgment and making your decisions,
such as: tips, rumors, news items, newspaper and magazine articles, analyses, reports, dividend rates, politics and fundamental statistics; and especially the half-baked trading theories which are expounded in boardrooms and popular
books on the stock market.

It is not necessary for you to consider any of these factors because the effect of all of them is boiled down for you on the tape (or the Charts). Thus the tape does for you what you are unable to do for yourself: it concentrates all these elements
(that other people use as a basis for their stock market actions) into the combined effect of their buying and selling. You draw from the tape or from your charts the comparatively few facts which you require for your purpose. These
facts are: (l) price movement, (2) volume, or the intensity of the trading, (3) the relationships between price movement and volume and (4) the time required for all the movements to run their respective courses.

You are thus far better equipped than the man who is supplied with all
the financial news, statistics, etc. from the whole world.

I, therefore, claim that:

You need never read anything on the financial page of your newspaper
except the table of stock prices and volumes.

You need pay no attention to the news, earnings, dividend rates or statements of corporations.

You need never study the financial or the business situation.

You need not understand railroad or industrial statistics, the money
market, the crop situation, the bank statements, foreign trade or the political situation.

You can absolutely ignore all the thousands of tips, rumors, reports and especially the so-called inside information that flood Wall Street.

You can discard all of these completely and finally.

UNLESS YOU DO THIS YOU WILL BE UNABLE TO GET THE BEST RESULTS
FROM YOUR MARKET OPERATIONS.

Copyright 1931 by Richard D. Wyckoff Section 3M Page