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- Eduardo replied Nov 11, 2009
Well you only have to look at Aud and Nzd against any other currency at the moment and I believe you have your answer. There are other obvious fundamental issues why these pairs are strengthening but I think the main reason is the interest rate, ...
The Really Really Boring Forex System
- Eduardo replied Nov 11, 2009
The interest rate is less of a buy or sell signal as much as an ongoing state. We know that interest rates, amongst other things, do push currencies in one direction or the other due to the large orders buying or selling it to collect the swap. To ...
The Really Really Boring Forex System
- Eduardo replied Nov 11, 2009
url An interesting report worth reading.
The Really Really Boring Forex System
- Eduardo replied Nov 11, 2009
So as mentioned above I have 4 trades open at the moment and I will wait for those to get into significant profit before I open anymore trades. I have attached some charts for you to see the weekly chart setup. I will post more when something ...
The Really Really Boring Forex System
- Eduardo replied Nov 11, 2009
All points from your post taken and appreciated. The rate I am using is the Bank Interest Rate as declared by each bank on a monthly basis and can be found on the following site... url These interest rates are a good driver of currency prices ...
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
I really like this a lot... I think it really frames what I was trying to convey in the first post of my own thread. As soon as you realise where your niche lays in trading suddenly the discipline follows. I, for one, do not have a problem with ...
Silent Service Method
- Eduardo replied Nov 10, 2009
The lord and Hjjohn... Google "world interest rates"... There is site that will tell you the interest rates in each country and the next rate announcement. Trust me though, you want to be buying Aud or Nzd...
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
Thanks low, I know that CW realises that he has done his job if a trader is profitable. The how really doesn't matter! I just hope that other traders will read this thread and my new one and start thinking laterally and putting things together for ...
Silent Service Method
- Eduardo replied Nov 10, 2009
By the way... for money management I recommend using 0.01 (1 micro lot) per 1000 £/$/whatever in your account. That way you have lots of room for error.
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
My current positions... I closed a couple. I want to wait for the right moment to buy/sell before I get involved again. This will definitely be profitable, just takes patience... averaging 10% a month is fine with me no matter what I have to do...
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
Good to hear it! I have a confession to make... I started a new thread but you get a good mention... I love your method and all but I just added my own logic and probability thoughts and came up with something along the same lines but better for ME. ...
Silent Service Method
- Eduardo replied Nov 10, 2009
A note about why this system is different from just daily/weekly chart trading... I used Clockwork71's Silent Service Method for a long time and had some reasonable results. Despite that I still managed to break even. I think the difference between ...
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
I have to declare something from the start... I trade a VERY small account. I currently have less than £1000 in my account. That point shouldn't matter. If I increase my account by 10% a month for the next 60 months (5 years) compounding will make ...
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
Money management is so important. This isn't get rich quick. Oh so similar to James16 but starting out with a slightly different strategy in terms of following the interest rate diffs. Looking forward to your input to the thread.
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
Well welcome to the brotherhood of losers! Don't despair, you CAN do it but maybe you need to use a different approach? Read my second post and we could be on the same wavelength completely.
The Really Really Boring Forex System
- Eduardo replied Nov 10, 2009
Ok, the main premise of my idea is that interest rates are the biggest driver of currency trends. At the moment it is no surprise that any pair featuring AUD or NZD are in an up (or down depending on the pair) trend. At the time of writing the ...
The Really Really Boring Forex System
- The Really Really Boring Forex SystemStarted Nov 10, 2009|Trading Systems|97 replies
I have a feeling that a lot of people will understand the sentiment behind the "system" I am about ...
- Eduardo replied Nov 10, 2009
McDonalds... With your heart? Be careful! We care about you, you know? Great trade though.
Silent Service Method