So what you guys are saying is that trading on friday is tarde in both english and spanish. (sorry I couldn`t resist) I think if you draw fibs on the weekly you will find that GBP is bouncing off the 50 right now. One has to be carfull though ...

Cable Update (GBPUSD)

of cource we are dealing with minus numbers here. My only excuse is that I was up all night. Now if I may be excused I am going to take my red face to bed.

US trade balance - better or worse?

Well thanks for yet another dandy lecture Artamon.... I give up, Bytebodger, thanks for the support. Also thanks to everyone who understood the question and answered in context. I am leaving this thread but for what it is worth I did get what I was ...

how successful has fozzy been to you

Bytebodger thanks for your kind words and insight. It does seem that there is a certain type of wannabe who takes offence when asked if they have actually achieved any degree of success . It would be truly scary to find that these are the same ...

how successful has fozzy been to you

Thanks angler, I needed one more person to tell me that fx requires work and that there is no easy solution. I know you mean well though, and good luck with your demo. I think your post further validates my earlier post . I think Don Perry wanted to ...

how successful has fozzy been to you

As usual, ask a question about how to use a system ,you get lots of proffesional sounding advice,(this is good and 99% well intentioned). BUT.... ask if anyone is actually trading the system with a full size live account or if anyone is having any ...

how successful has fozzy been to you

I noticed a pattern today with USD/JPY that we see all the time which fits with this discussion. I am going to post a chart.When you look at the chart you will see three situations where the price hit a resistance , retraced and on the second push ...

Price bouncing off support or resistance,your thoughts

These are some really great replies. I don`t know about anyone else but I have picked up a couple great pointers here alraedy. Please continue to share everyone thanks

Price bouncing off support or resistance,your thoughts

I have to be honest traden4x. After 2 years of this I have pretty much given up on all indicators except the use of 1 moving average. I don`t even use pivots or fibs much at all. I only use previous resistance and support lines and trendlines that I ...

Follow the trend!

I like this thread and hope it continues. Following the trend involves going with the major trend and buying peaks and valleys of the minor trends. In the end we are still looking for trend reversals but we are trying to determine them on the minor ...

Follow the trend!

With the tech advancments we have seen in just the last 20 years who can predict what programers are capable of. 20 years ago a friend of mine who is a telephone operator argued with me that phone personel would always be needed because computers ...

Computers to replace Traders

Oanda — Is oanda down or is it just my connection?

OANDA Discussion

general census is that the usd must rebound but there is no strength to support it. 3 out of 4 reports bad for the usd this morning ,then a little later Bernanke Speaks and this only weekens the usd more. This is still a bull gbp market.

Cable Update (GBPUSD)

Moe do you mind me asking what this is about, thanks

Cable Update (GBPUSD)

Tomorrow is a huge USD news day. I think there are 10 or more items/reports between 8:30 est and 1:30 est including tic and core cpi Are you folks going to wait it out.Or with the fozzy system do you ignore news. Sometimes I find it easer to ...

The Daily Fozzy Method

Does Mechanical Trading Bring the Trader Peace of Mind?????? I don`t mean to be a jerk or rain on anyone`s parade here but why are you discussing the merrit of something that has never even been proven to exist? If there was such a thing as a set ...

Does Mechanical Trading Bring Peace of Mind?

thanks Merlin, your great!!

The Bank of England (BOE) Meeting Minutes

[QUOTE=twoblink]I have over 20 years trading experience. I have yet to make money trading...... With all respect twoblink, this statement is downright discouraging for any newcomers .I have to give you an A for honesty.I just don`t know why you ...

How to choose a course/mentor

thanks Soso , that was a very helpful reply. I do want to actually learn to use mt4 myself but it will take a lot of time and I do worry about whether it is all worth the effort. You seem to be very well educated in the use of this program Soso, ...

mt4 question

Am I missing something here..... If FXCM is connected to, or owned by REFCO,who in their right mind would use them..... However maybe being a little crazy is a prerequisite for trading forex in the first place.

FXCM vs Refco