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- forexmarket replied Jul 12, 2010
I like Kathy Lien's stuff a lot..she is quite good.
- forexmarket replied Jul 12, 2010
I would assume all USD based currency pairs are predictable as in they all are impacted equally by USD based movement. If dollar is weak, more or less all the majors/minors move equally across the board.. Also, the technical analysis works extremely ...
- forexmarket replied Jul 12, 2010
Aquiring the skills is possible through practice. I mean this isn't some phd sort of thing. But it requires some good amount of practice and of course realistic expectations.
- forexmarket replied Jul 12, 2010
Mine was not implementing Money Management principles..I used to see a lot of trades to end in loss from profitable positions.
- forexmarket replied Jul 12, 2010
It depends on what is the chart you are analysing on.. 1. If you are trading on anything below Daily chart (1 hr or 4hr etc..) you must trade between 1 AM EST (when UK session starts becoming active) to 3 PM EST (till when US session is active) 2. ...
- forexmarket replied Jul 11, 2010
EUR/USd and USD/CHF used to have strong negative correlation. I guess about 6 months ago it used to be 95.5%. Offlate the correlation has reduced because Euro is taking a deep plunge due to economic conditions and Swiss Franc is still holding ...
- forexmarket replied Jul 11, 2010
I once traded a pair that had 16 pips spread..Man it took 2 hrs for it to break even! Ofcourse you can trade such pairs, but why to use them if you have ones that have low spread and such high liquidity such as EUR/USD and GBP/USD.
- forexmarket replied Jul 11, 2010
One of my favourite Movies is - "Lord of the Rings" series. The director made all the three movies at the same time which was a huge gamble..All the 3 parts are fantastic! Some of my favourite shows are - "Friends/Seinfeld/Everybody loves ...
- forexmarket replied Jul 11, 2010
May be 95% is an outstretch, But I feel more than 80% loose money. And thats because not that they don't use good strategies, its that they don't focus on money management. I would infact go ahead and say - "Money Management Is the Key" to make ...
- forexmarket replied Jul 11, 2010
I personally feel that there are two main reasons for this - 1. Since most of the movement happens in market due to big financial institutions. Most of the big institutions are in Europe followed by US. So this causes big liquidity during euro and ...
- forexmarket replied Jul 11, 2010
Select a good trading strategy and focus on fundamentals. Fundamentals include paying attention to money management principles also. I know a lot of people keep searching for one strategy after another..But they miss on money management principles. ...
- forexmarket replied Jul 11, 2010
Timeframes basically refer to what does each unit of time coverage is For example, if you are trading on 1 hr timeframe, then each bar or candle on the chart will mean 1 hr of price action for that currency pair..same goes with 5 min, 15 min. etc. ...
- forexmarket replied Jul 11, 2010
To keep things simple, My personal take will be to look at the number of pips you can afford to lose. That will help you define what kind of trading style or strategy you carry.. For example, if you can afford to loose only 20-25 pips per trade, ...
- forexmarket replied Jul 11, 2010
I guess you are referring to EUR/JPY and AUD/JPY.. I typically recommend USD based currenncy pairs since technical analysis works very well on them. As well as they are highly liquid + low spreads.
- forexmarket replied Feb 6, 2010
EMAs are for automation. If your manual strategy can be automated, then ea can be made. The other way could be to create automated indicators that will tell you when to buy and when to sell.
- forexmarket replied Feb 6, 2010
You can adjust the stop loss as soon as your trade is in some level of profit. For example if you are trading on daily charts, you can adjust syour SL to entry point as soon as you are in 70 pips profit and from tere on use trailing stop loss to ...
- forexmarket replied Feb 6, 2010
Thanks for the share guys.. Profits depend a lot on how well you implement the trade management skills..
- forexmarket replied Feb 6, 2010
I feel traders don't make money, not because of the system, but because of their attitude to focus only on system and not pay attention to trade management principles... Also, people are just crazy for robots and we know significant number of forex ...
- forexmarket replied Feb 6, 2010
200 ema are much more universal as it is used in stock/commodities market also..also like mentioned above, it is a round number.
- forexmarket replied Feb 5, 2010
The correlation between stocksd nd USD all means where traders are putting theior money and from where are they getting. Typically I have noticed if traders pull money from forex market they put it in stoock. So, if usd is going down, then stock ...