NTFX, I'm really intrigued as to your approaches. Just what Economic school of thought are you following? Even though we see this on the opposite end, we do arrive at the same conclusions as to the market movement Although I've been taught the ...

How To Make 1000's of Pips by NFX

Trade Update — USDCAD: image image With the FED's decision to retain interest rates as is and with techincals indicating that the US dollar is now overbought relative to the Canadian Dollar, I'm putting all my bets in the USDCAD going ...

Does anyone here trade daily?

Fundamentally that doesn't make sense, if the FED stops its lending programs to flood the market with cheap cash, isn't the opposite supposed to happen - ie the dollar should go strong? But I'm looking at this in the Austrian viewpoint so we may ...

How To Make 1000's of Pips by NFX

NTFX I've shorted the USDCAD and made a long with the AUDUSD pairs. Seeing that the FED didn't raise interest rates and that they will still stick with their plan to purchase $1.3 trillion worth of derivatives by the end of the year ($300 billion by ...

How To Make 1000's of Pips by NFX

The dollar has already lost a crapload of value ever since they let go of the gold standard in the 70's and let the currency float. In fact this is reflected in the rise of prices on important commodities such as food and gold. The reason though why ...

How To Make 1000's of Pips by NFX

Ok thanks for the tip though, I believe the key actions of this FOMC meeting will ultimately jumpstart the USD movement today. If the FED retains the interest rates at 0.25% I'm immediately going long on the Euro and AUD while shorting the USDCAD ...

How To Make 1000's of Pips by NFX

This is exactly what I wanted to clear up, we must remember that the market is heavily manipulated by these Central Banks' actions around the globe. Despite the fact that the FED has pumped up trillions of dollars in the US money supply, so do other ...

How To Make 1000's of Pips by NFX

Osconforiz, I'm also new at trading Forex and I'm no expert yet, in fact as I type this post I am still learning. My system is not perfect yet for the moment and in fact also suffered some loses using the dailies, fortunately though, I employed some ...

Does anyone here trade daily?

Trading update — Update: My predictions regarding a long USDJPY was wrong at the time and touched my stoploss. Good thing I only allowed a loss of 40 pips though or I would've been seriously screwed. On the other hand, my trades in GBPUSD and ...

Does anyone here trade daily?

NSFX, I concur here fundamentals do drive prices but just a question, with all the major's Central Banks pumping up liquidity into the monetary supply (especially the Euro) wouldn't that also dampen the effect of a USD bear? I was watching the news ...

How To Make 1000's of Pips by NFX

Cheers for the heads up! — Hey man, I've read before about the problems you've faced with your previous FXCM! I'm a forex enthusiast and seriously considering trading in the foreign exchange market as part of my investments. I was seriously ...

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I have to agree with this, fundamentals and trader sentiments are usually what drives the market in this environment. But there's one thing that I have to disagree though - the notion that it is only the fundamentals that drive price action in the ...

How To Make 1000's of Pips by NFX

USDCHF — USDCHF Daily predictions: image Looks like USD will go bullish against CHF as well. Practically the same result using the same trendlines and techniques. But I advice placing a stop-loss in the support though as the trend might go ...

Does anyone here trade daily?

Let me pull up my daily chart troope12..

Does anyone here trade daily?

Wow, I didn't even know that. Thanks, great find..but I'm still a bit apprehensive using "automatic" Andrew's Pitchfork's though. It takes away the fun in drawing all those goofy looking lines around. I guess my platform just sucks then.. image ...

Does anyone here trade daily?

Wait....what?

Does anyone here trade daily?

USDJPY — USDJPY using Andrew's Pitchfork's: image I bought this pair at around 96.00 and placed a stop-loss order at around 95.69 with a 31pip loss. My take profit would be around at 97.97 with a gain of 200+ pips. Not sure about this one ...

Does anyone here trade daily?

AUDUSD Daily — AUDUSD using Andrew's Pitchfork: image I shorted this pair with a stop loss at 0.8268 around 260 pips (risky but I was late on the trade and I don't want to be left behind the trend. I'm pretty sure it will go downwards) and ...

Does anyone here trade daily?

FX_California, you can learn more about Andrew's Pitchfork's here, this is where I learned that method and I've found out that it suits me best: url Andrew's Pitchfork's are basically just drawn trendlines from the previous highs and lows in a ...

Does anyone here trade daily?

Hi there mbqb11. Yes I've also read about Money Management and in fact apply it in my trades as well. I only trade when the candles are touching the support/resistance lines in my own version of Andrew's Pitchforks and usually have a stoploss of ...

Does anyone here trade daily?