Hey FXq, I guess you felt that explosion as well.. I was dropping off a friend on Yonge and sheppard at 3:50 last night and I thought it was gun shots, then we saw the sky light up and drove to wilson quickly to see whats going on, took some video ...

Scalping the Rainbow

pivot point — An eye on the pivot point also helps to see potentil s/r barriers as eur/usd and gbp/usd pairs obey pivots well

Scalping the Rainbow

trend reverse — If you look at the 5 min chart the price action shows that there was a previous swing high, avoid taking trades going into swing high or lows as it was a previous s/r level

Scalping the Rainbow

mindset — - Again, that takes alot of losses and understanding where you as a trader was failing. I think its important for us to analyse our mistakes, and only through that can we see our personality, trading faults, and devise a plan to ...

Perplexed - year spent looking for system

Well then if you are managing funds for people, it would be a little bit of a different issue since the origin of funds and what the cross rate is affects them more than what the daily major cross volatility is. Since your broker is in the UK, and ...

What's the Safest Base Currency?

a common misconception — I understand its easy to think that way, that if the dollar depreciates it doesn't affect us really. But it really does, cause most of the goods purchased in America are imported, so when the dollar depreciates, it ...

What's the Safest Base Currency?

depends on what you're trying to do — If you're looking to preserve your wealth, then most wealth management funds diversify currency holdings. They hold a basket of currencies. Many businesses and businessmen do that, and has served well over ...

What's the Safest Base Currency?

neverfox you are right, its a better way to evaluate a system because you get to see what is the real rate of return for every dollar thats at risk. I believe Merlin recently posted something about the same thing, where he used the rate of return by ...

What's wrong with us forex traders?

are the entry's based on the bars having matching lows or highs, or double bottoms, if ur using price action i guess.. Its hard to see the charts as far as what the bars look like but let me know if i'm close

Price action with training wheels: Three Strikes Method

Its not what you do with the money from forex gains thats the value, but what you are providing. You could sell drugs and give a portion to the poor and buy cars and houses and say ur adding to the economy if thats the case.. Like merlin said, ur ...

Does forex trading add value to society?

time to trade — Honestly it depends what your trading setup is. Different systems work better during different times. Only time I can see that you don't trade is when you have doubt about your trading plan. Everything is tradeable, and is ...

When NOT to trade?

resitance — The reason you see that resistance touched 5 times is because actually the resistance was broken, newer highs were posted so your old highs have less technical significance. When TA analysts say that price usually doesnt touch ...

4 Hour Strategy (MACD)

symmety — Do you find that the left side is not as symmetrical as the right, or not a typical txtbook formation of a diamond? In any case, would it be fair to assume a break to the upside perhaps considering the strong lower edges formed..

Igrok Method. Q's & A's. Comments, thoughts and ideas

hmm.. — looks like opposite end of the broadening triangle with clear boundaries, i guess would be a diamond formation? I don't see the left side of the pic completely so not sure the likely hood of the break if to the upside or downside, but ...

Igrok Method. Q's & A's. Comments, thoughts and ideas

proven method — If you look at Igroks thread or read his book he has templates based on it too, its a proven method and if u combine it with a daily range strategy, it becomes very affective, however i do feel ea would take alot of false ...

Daily Scalping the Asian High and Asian Low 2 - You want simplicity?

some ideas.. — Alt trader, not sure what broker ur using, but i'm assuming your spread is in the 5 pip range??? If u have a 10 pip stop loss, thats only 5 pips of a move against you to hit your stoploss.. not feasible at all.. With a high ...

20 Pips A Day Every Morning Between 8-9a.m EST

since ur a newbie trader — Don't go for these kinda things.. I know its tempting, but without understanding s/r levels and the rhythm of a pair over the long run you won't make money with these patterns. Especially at 8-9 am , alot of news ...

20 Pips A Day Every Morning Between 8-9a.m EST

i'm looking for that prediction of yours, where was it posted?

XAUUSD (spot gold) update

price target — Price target reached at 873.00 almost to the pip and retraced.. still very bearish..

XAUUSD (spot gold) update

ok lets try this again — I'm trying to upload my gold chart, but FF keeps uploading an older image i uploaded before, weird, ok lets try this. What I was saying is i'm short gold, waiting for price to target fib projection.

XAUUSD (spot gold) update