definatly! I have a major problem with entering a position just because an indicator tells me to. I'd much rather use my own judgement as the final call. For better or worse, I'd rather be the one flipping the switch on my account.

The Daily Fozzy Method

This system is perfect for forex newbies. I'm going to show this to a few friends who are interested in forex trading and get them set up. Good work on your trades, I only took 3 trades last week for this system. Pretty slow, and in the negative ...

The Daily Fozzy Method

Here is my chart of EUR/AUD. It is crossing, but now that I check again, it has lost some steam and has retreated below the line. Anyway this chart shows the cross that was there. I think I will stay out of this one even if it does cross before the ...

The Daily Fozzy Method

Interesting results. Seems like you've got a nicely developing system. Wish you the best when you go live. I agree with a previous poster, you should have rushed to get this into the competition.

My EA, put to the test

It's best to go slow and steady when walking on a tight rope.

Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000

Yeah that'd be awsome. Think you could do the indicator with all the pairs on a single screen?

The Daily Fozzy Method

Stockwet's EA works on the 4h. you could probably adapt it.

The Daily Fozzy Method

There definitely is something funny going on with MT4, or at least how the indicator is applying on the charts. MT4 is very new to me, I've only started to use it a month ago. I do not know much about EA's or the metatrader programming language, but ...

The Daily Fozzy Method

You may jump in any time, friend. I agree. I've had 2 trades, as far as I can remember, which went sideways for 2 days and then went in the direction indicated by the cross. I'm not concerned, that's what the stop loss is there for. However, I have ...

The Daily Fozzy Method

The hardest part about trading, imho, is learning to seperate the numbers you see on the screen, with their value in your pocket. Vodka helps.

The Daily Fozzy Method

Here's my chart from yesterday before the new bar for EUR/USD (I try to post all crossed charts daily on my blog.) There was definitely a cross, visually, on this chart and also when you look at the values, the MA is above the RSI. I did not enter ...

The Daily Fozzy Method

Sorry, I don't think I can help answer your question. I would only suggest not to trade exotics.

The Daily Fozzy Method

Which pair? Since you're using the EMA, my guess is that since the new day weighed more, it pulled it back over. I use the SMA and don't have that problem. I've had them cross under, and then cross back over right away on the next day, but that just ...

The Daily Fozzy Method

I sure hope not! Simon, if you're smart, you'll keep your day job and switch to daily charts and "swing trade that bitch."

Are there any full-time traders that are living off the FOREX profits?

I'm long on it also, and also shorting AUD/USD. There was a bunch of crosses yesterday, on my charts- but i felt that these two were the best ones. Mainly because of the solid movement in the direction indicated.

The Daily Fozzy Method

Sorry, I just assume that you (general) have a system and have used it/learned it on a demo.

How many years to become profitable?

That $500 you loose in real world trading will be a better learning experience than any $500 worth of books or guru lectures.

How many years to become profitable?

Aside from growing some balls? Trade with money that you wouldn't care about loosing. Consider it a tuition payment. Trade micro lots with a small account balance, say $500 - $1000. Have a good money management plan. Don't look at the profit/loss, ...

The 5 Steps to becoming a trader

It is. However, BB "minimizes" it and hides the line by changing it's color, and then only has the value display. Here is an example, notice the ATR in the bottom left. image

The Daily Fozzy Method

Or is there a problem with the charted indicators, causing the visual cues to not be 100% correct. A cross where there isn't really one, for example?

The Fozzy EA