The Official FOREX Thread

[Bible_Belt]

Bible you seem to know more than me about all the technical terms

But notice that you are the one with the money

 

[AngelusPUA]

In life there is critical information, useful information and useless information. I tend not to worry much about the latter.

 

[AngelusPUA]

I don't see the point of holding a trade for a few seconds what’s the whole desire behind scalping?

 

[AngelusPUA]

www.babypips.com

 

[AngelusPUA]

I haven’t slept in well over 24 hours (I can’t sleep on airplanes) probably the impeding feeling that I could drop out of the sky at any given moment.

So I'm going to bed goodnight everyone.

 

[madgame]

You said you used mostly technical but also fundamental trading approaches, righ, Angelus? Maybe you could give a little example how you factor in any sort of fundamental methods? I'm familiar with technical analysis for (long-term) investing and (short-term) trading, also with fundamental approaches to long-term investing...however I have no idea how one could use fundamental methods for short-term, trading other than maybe getting news before other people get them, which I think isn't really possible for guys who trade from their homes (as the big players should be quicker...).

So maybe you can give a little example..or just explain it a little?

 

[thissucks003]

What is scalping?

http://www.answers.com/topic/scalping-investment

 

[SELF-MASTERY]

I made 17.20 by selling usd/jpy at 21:18 when i noticed a downward trend...


;

 

[BacardiGuy]

I made 17.20 by selling usd/jpy at 21:18 when i noticed a downward trend...


;

Spread the wealth.

 

[Bible_Belt]

Two big problems with simulators are that they typically give unrealistically generous fills, and one's emotions are not the same. In real life, afaik in any market, it is hard to buy when it is going up and hard to sell when it is going down. When it is your money disappearing at the speed of light, and the system is not letting you sell, then you really get to see how well you handle pressure.

 

[Morphiex]

hey angelus , truly inspired by your story mate , and great thanks for starting these two threads , a nice breather from all the troll posts peopel see here everyday now...

my question : whart kind of platform do you use ?

 

[Morphiex]

hey angelus , truly inspired by your story mate , and great thanks for starting these two threads , a nice breather from all the troll posts peopel see here everyday now...

my question : whart kind of platform do you use ?

never mind i found the answer in your other thread.... =)

 

[Taviii]

Two big problems with simulators are that they typically give unrealistically generous fills, and one's emotions are not the same. In real life, afaik in any market, it is hard to buy when it is going up and hard to sell when it is going down. When it is your money disappearing at the speed of light, and the system is not letting you sell, then you really get to see how well you handle pressure.

Its like playing poker with playmoney

 

[SELF-MASTERY]

Its like playing poker with playmoney

Taviii, I was gonna say that.

 

[OfficeSpace]

EUR-USD

1.2698.A corrective rise should ideally test 1.2753 or even higher than 1.2808. Supports are at 1.2641. Stop loss below 1.2626 zone.

USD-CHF
1.2385.It should test higher than 1.2432. Entry point are at 1.2346 and 1.2322. A break of 1.2260 is bearish.

USD-JPY

115.78. It may meet resistance in 115.78 - 115.83 zone for a drift down to 115.62 zone, after which bounce to 116.10 is anticipated.

GBP-USD

1.8572. Should test support at 1.8508 while below 1.8572. If support at 1.8508 holds it can rise up to1.8655, if not it should fall to below 1.8445 zone.

EUR-CHF

1.5727. It looks set to visit further lower territory down to around 1.5699. Its corrective attempts should fail ahead of 1.5744 or 1.5758. Stop loss above 1.5771 zone.

EUR-JPY

147.02. Prefer a fall to 146.95 or 146.6. Then a correction to 147.52 is anticipated. A clear break of 146.17 is again bearish.

EUR-GBP

0.6837. Bullish reaction to above 0.6858 is anticipated from 0.6832 - 0.6837 zone. Stop loss below 0.6805 zone.

AUD-USD

0.7629. Should test support at 0.7601 while below 0.7629. If support at 0.7601 holds it can rise up to0.7658, if not it should fall to below 0.7573 zone.

USD-CAD

1.1353. It should test 1.1382 area after which a sell off down to 1.1299 or extended to 1.1244 area is expected.

This is just some news of what's going on in the FOREX markets now, and some predictions made by analysts. Don't fully rely on news and predictions of others, learn to be certain for yourself before you get into a trade.

There is no book in the world that teaches you how to become a successful FOREX trader! Sure, you may learn more about how FOREX works, but when it comes to the FOREX, one of the only ways you'll learn it well is by experience.

 

[SELF-MASTERY]

Forex VS day trading/ swing trading/ trend trading stocks

what are the advantages and disadvantages???

 

[Morphiex]

isent the fx supposed to be a 24 hour market ? or am i wrong ?

cuz i was on my platform earlier today and it seemed to be workign fine , but i tried to go on it now and there seems to be no changes in the market .... o.o its liek everythign stopped at 16.03 .... are there spesific times that you cannot trade ?

 

[OfficeSpace]

Forex VS day trading/ swing trading/ trend trading stocks

what are the advantages and disadvantages???

The FOREX is open 24 hours a day and the market is so much larger! Around $1.5 trillion U.S.D. change hands in a single day!

Here is a website that shows just some of the advantages of the FOREX vs stocks.

http://www.gftforex.com/forex/forexvsstocks.asp

 

[SELF-MASTERY]

You said you used mostly technical but also fundamental trading approaches, righ, Angelus? Maybe you could give a little example how you factor in any sort of fundamental methods? I'm familiar with technical analysis for (long-term) investing and (short-term) trading, also with fundamental approaches to long-term investing...however I have no idea how one could use fundamental methods for short-term, trading other than maybe getting news before other people get them, which I think isn't really possible for guys who trade from their homes (as the big players should be quicker...).

So maybe you can give a little example..or just explain it a little?

This article that I am reading briefly discusses your question to Angelus007

http://www.investopedia.com/articles/forex/06/TradeToTaste.asp

 

[AngelusPUA]

You said you used mostly technical but also fundamental trading approaches, righ, Angelus? Maybe you could give a little example how you factor in any sort of fundamental methods? I'm familiar with technical analysis for (long-term) investing and (short-term) trading, also with fundamental approaches to long-term investing...however I have no idea how one could use fundamental methods for short-term, trading other than maybe getting news before other people get them, which I think isn't really possible for guys who trade from their homes (as the big players should be quicker...).

So maybe you can give a little example..or just explain it a little?

I do some long term investing in daily/weekly charts now and then I mainly use fundamental there. However I do use some fundamental for short term trading I have a website run by a guy he sends tips every day on what is happening with certain currencies. For example yesterday he predicted the huge and fast turnaround that GBP/USD had it turned around 100 pips in a 5 min candle which is a rare to see. He predicted that GBP/USD would shoe erratic behavior and possibly rise so I didn't buy. When the market is very volatile I don't buy because a lot of the times you put money in a trade, the market turns around on you and you lose it all.

So I only really use fundamental on longer term trades which I constantly have running in the back ground from my other FX account. The long trades I have can go for months. I really advise against newbie’s entering long term trades it is very dangerous if you don’t have the equity to cover your ass. You will get liquidated so fast it’s not funny.