Good stuff, useful info!

 

I think what a newbie like me has to do is get together all the relevant fx indicators and

 

all systems that I can get my hands on. Study them in depth to filter out the very good

 

from the o.k ones, get some experience under my belt by using them then trade live after.

 

As of yet I dont know of or understand any systems and rely heavily on forums such as this

 

one to get hints and tips as to where we're heading, or other than that put my index finger

 

in my mouth , hold it high above my head and take a punt!!!

 

Cant be good:confused:

Lol,fxlion, at least thats a strategy...but seriously though, we shouldnt depend on just

chance or others to make money in trading...The beauty of the CHART PATTERN RECOGNITION AND

PRICE PROJECTION STRATEGY is that you dont need to cram your screens with all sorts of

indicators because entries and exits are taken DIRECTLY FROM THE CHARTS.

http://i72.servimg.com/u/f72/11/82/15/01/eurusd10.gif

I have seen most of the charts and read about the news for today. I

 

have come to the conclusion that the market for today can be down. But some we can see some

 

stability also. Am i right friend.

Yes, you are right, mon ami...Price on the GBPUSD made a high of 14991, which was 8 pips

less than our 1st target of 14999..by placing your stop loss at entry point after +20 pips

ahead, you would have been stopped out at a profitable breakeven of 31 pips or less..Not too

bad..

http://i72.servimg.com/u/f72/11/82/15/01/buried10.gif

Stallion, I am having a hard time following your past calls. Where exactly can I find them.

I have a time difference and I'm trying to make proper adjustements prior to trading. You

start calls around 1am my time. Please let me know where on the website I can find an

archive. Also, from reading your posts you suggest to take half profit at 20 pips, then move

other half to break even s/l, if 1st target hit then sell half and so on. Is this correct

and holds true for all your calls? Thank you for the help. I should be up and running on new

year, I see big market swings coming our way.

Thanks for your mail,pips...I thank God for the positive mental attitude displayed in your

comments about the New Year..If we can make profits during the most volatile 3 months in

trading (October to December), then there's good reason to expect better things to come in

the nearest future.

I assume London Session starts 1am your time, depending on where you are in the US. The

archives can be found here:

http://forexgreenland.foruma.biz/forex-tec...-forum-t381.htm

It would be better to take off half profits when +20 pips, rather than waiting for 1st

target to hit..Time and tide, along with price,waits for no man..

Robert Kiyosaki, of the Rich Dad Poor Dad series,talked about the stock market burst some

ears ago, along with its effects on baby boomers and their Social Security program. Even

though he gave out some suggestions on how to avoid that pitfall by personal development and

education, most people then castigated him as a fraud who just wants to sell his books and

seminars. From what is going on in the global economy and the US, it appears he has been

vindicated.

http://abcnews.go.com/Business/PersonalFin...3517&page=1

Late last year, on one of the popular Nigerian forums, I predicted the Nigerian Stock

index(NSE) have reached its top and suggested readers should cover their positions and

unload their stocks. But as at then, the bulls were in control, stock newsletter and article

writers were fueling the bubble frenzy and screaming ''BUY''..

The young admin of the forum, maybe out of ignorance and emotional bias, reacted by banning

all forex traders off his site. But that didnt stop the stock market bubble to burst and

uneducated investors losing substantial amount on their equity. Those that took the time,

money and energy to understand and educate themselves on market behaviour saved themselves

from the bearish drop and even made profits from the decline.

In essence, as investors,we should strive to invest in ourselves.No one knows it all. Most

people made money in the Great Depression of the 1930's..We can too..

Hi Stal,

First of all thanks for pointing me to forexpeacearmy as it is a very good source of forex

information. I have been going through the broker reviews and feel like it has stopped me

from taking a wrong decision. I have managed to shortlist a few which I beleive are honest

as per the reviews.

Your comments or experiences on any of these would be very helpful, especially if u could

point one or two which I can go live with.

1.MB trading

2.Ikon-Royal

3.Tradeviewforex

4.Alpari Uk

Any help and insight would be highly appreciated..

Thanks,

Helloo there...

Well, it would be unseemly if I publicly endorse any of the brokers due to conflict of

interests.So am throwing it out in the open...Anyone that has comments or experiences with

any of these is free to post it here. Thanks once again.

so for wednesday, we put a buy stop pn GBPUSD @ 1.4735...1st target @ 1.4765..sl @ 1.4715...

also a sell stop @ 1.4700..1st target @ 1.4671...2nd target @ 1.4665..50 pips sl