Deciding which pairs to trade on this — Hi folks, Lately, I've been staying away from Cable and trading this system on some other pairs. Last week, for example, I traded Aussie on it and made 275 pips for the week. It was trending while other ...

Part Time Wealth Building Trading System - Weekly Scalping

In case you want some entertainment... — url Well, I'd say every broker has ppl who lost money and are mad. Doesn't mean the broker is at fault. But if you post something good about your broker, you usually get called a "broker rep". That ...

Is Your Broker a Crook?

Compestriss, The 4 hour timeframe and above is a general recommendation. You could use the hourly charts too, but stay away from the lower timeframes. Its simply easier to identify longer term trends, and it forces you not to look at the charts too ...

Forex, Greed, and Risk

Comp, You'll need to get an education in forex before you commit real $$$ to it. 1. Trade on demo for 6 months. 2. Trade one or two pairs max. 3. Learn to trade 2-4% of your account on each trade. This means that you'll need a total bankroll of much ...

Forex, Greed, and Risk

some different answers... — Just my opinion, but to keep things in beginner, layman's terms.... 1. Many traders use ATR (avg true range) to set stops in a given timeframe. This indicator is available on some trading platform's charts. Each ...

Two quick questions!

Arstel, Do yourself a favor - visit url . Read everything there. You will learn a lot in a short amount of time. Also, the questions from your post are answered there. Also, don't trade with real money now. Practice first. Good luck...

I am a beginner in forex

Swap interest — Put simply, its the difference between the federal funds rate in one country and that in another. So right now, AUD lending rate is 6.5%. The U.S. rate is currently 4.75%. That makes a difference of 1.75% that will either be ...

Hedging Question (Not Trading Related)

This really doesnt seem that hard to understand to me. Now, I'm not saying that it fits my style, but I see the logic. A market will move 6 pips over a given period of time. Lets say (pulling numbers out of a hat) that it moves 6 pips, up OR down, ...

Now I know why 95% of traders are on losing side

Dsr.... We do know that Tkimble trades this system for real, and has had success with it. He trades other systems on other timeframes as well. So, yes it is a system that can be profitable. TKimble however does re-enter the trade even if stopped out ...

Part Time Wealth Building Trading System - Weekly Scalping

back in the saddle — Last week was a bad one for guppy. Up and down, so I stayed out of the market. This week, after an initial stop on the buy at 239.85 was hit, pair is now solidly down today, and should stay so for the week. Currently have ...

Part Time Wealth Building Trading System - Weekly Scalping

That interesting Spider, I'm not seeing any head and shoulders pattern on my weekly Guppy chart - can you post yours? Of course, mine is demo, so it could be off. Its from InterbankFx.

Daily GBP/JPY analysis

Guppy was good last week — I closed last week out with 356 pips, not too shabby. I did make one small mistake, I forgot the market ( at least the demo I'm using from InterbankFX ) closes at 4pm EST on Friday, not 5pm! But no harm, I just ...

Part Time Wealth Building Trading System - Weekly Scalping

Well that was good advice! I checked the news forum and found this post, which is exactly what I was looking for... Consistent Market-Moving News for the GBP/JPY I'm not looking to trade this during news, I had a position on already and wanted to ...

GBP/JPY and the NFP report

Well, if no one responds, I'll just watch the report tomorrow and then post my findings! hehe

GBP/JPY and the NFP report

Waiting is hard! But at the very least, it looks like Guppy is getting ready to explode next week, so I am looking forward to that. My problem is often that big moves happen around 4am on Tuesday and Wednesday EST. I am always very asleep during ...

Part Time Wealth Building Trading System - Weekly Scalping

Wazz, The point of this system is not to overtrade. That's what it overcomes. If you get stopped out, you get stopped out. Its not designed to give multiple new entries during the week, everything is based on the close of the prior week. Now, if you ...

Part Time Wealth Building Trading System - Weekly Scalping

Bleh — As of today I am stopped out on Gbp/Jpy as well.... I can see that it is consolidating and will have a breakout soon. At this point, I am limiting the system to only 2 trades per week, the initial trade and the trade in the opposite ...

Part Time Wealth Building Trading System - Weekly Scalping

It was the best of trades, it was the worst of trades — Well, using this method this week, with no fancy altering of the basic rules, I got stopped out on Cable twice today!! Bleh! Nasty up and down, up and down. This represents a 60 pip loss. ...

Part Time Wealth Building Trading System - Weekly Scalping

Chart for donchian channel / MA cross — Here's my chart with explanations of what I'm looking for. I'll try to find the donchian channel metatrader link later...you could probably do a forum search and find it though. EDIT: Ok, I found it, ...

Eagle Method MA Crossover System