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• Forex Trading Strategies : Review of Strategic Tips on Milking the Major Curr

  Fri, 02 Jan 2009 10:52:28 +0000
  Author: forexgreenland
  Subject: Review of Strategic Tips on Milking the Major Curr
  Posted: January�02�2009 at 10:52
  
  

  Originally posted by radatats;226580 Can someone please tell me why this pair should reverse its down trend any time soon?

  
  
  
  
  Hi radatats, I can see your chart was taken from the GBPUSD daily..The cable have been
  
  staring at its bottomless pit like a deer in front of headlights for months now. Like the
  
  picture suggests, GBPUSD has to break that upper resistance trendline before a reversal can
  
  be said to take place.. And by price closing above the No 2 level of the 123 bottom( where
  
  your 2nd purple arrow was), an uptrend can be said to confirmed in the midterm.MACD positive
  
  divergence to price can also be seen on your chart which foretells a probable bullish run.
  But remember, technical analysiswise, the trend is still down and traders are looking to sell
  
  at any good upward correction level. I see no changes..''Buy the dips, Sell the
  
  rallies''..ratatatata..thats just the way it is..
  
  
  

  Originally posted by jehunter;12162 Hello Mystic, I am enjoying your threads and trying hard to understand it all.� I am a realitively new to forex trading and your way of trading fits the style of trading I would like to master.� So again Thank You and keep up the good work. Since I am a reader of your treads, can you please send me a copy of the e-books listed below.� I would very much appreciate it. 1 The Art Of Creativity 2 Fibonacci Trading - How To Master The Time and Price Advantage

  
  
  
  Tsk tsk tsk tsk...ur enjoying my threads and still trying hard to understand it all? Nice
  
  paradox, jehunter...believe me, ur not all alone...such is life...lol
  If one of your New Year resolutions is to invest in yourself positively and creatively, I'll
  
  be glad to help in that respect, mon ami..Please pm your email address so I can send it to
  
  you, ok..Thanks..
  
  So for today, Friday the 2nd of January 2009, we are looking at GBPUSD 15 minute chart where
  
  TA wise, price is supposed to make a turnaround to the downside..while fundamentally, price
  
  is supposed to go up due to the lower expectations of the US ISM reports coming out 4pm
  
  Nigerian time.. so in less than 10mins from now, news is coming out...To Be Or Not To Be? TA
  
  or FUNDAMENTALS?
  we put a sell stop on GBPUSD @ 14515..1ST TARGET @ 14490..2ND TARGET @ 14465..14415...
  Also a BUY stop @ 14535..1st target @ 14575..2nd target @ 14515..3rd target @ 14655..50 pip
  
  sl

• Forex Trading Strategies : Review of Strategic Tips on Milking the Major Curr

  Wed, 31 Dec 2008 17:20:06 +0000
  Author: forexgreenland
  Subject: Review of Strategic Tips on Milking the Major Curr
  Posted: December�31�2008 at 17:20
  
  
  
  
  
  
  

  Originally posted by needinfo;226277 Dear All, Just a novice question. I keep hearing/reading the word 'intervene' by apex banks to control their currencies. When BoJ says it would intervene to maintain a strong USD, will there be any impact on EURUSD pair to maintain the correlation?

  
  
  Helloo needinfo, central bank intervention is the buying and selling of currency, foreign or domestic, by central banks in order to influence market conditions or exchange rate movement for fiscal or monetary policy purposes.
  
  Why should the Bank of Japan intervene for a strong dollar? Because it is to their best interests. Japan, as we all know, is an export driven economy and if the Japanese yen is stronger than the dollar, it hurt their exports and consequently their economy. Why import 15000 dollar cars from Japan when you can get it cheaper right there in America? Why import expensive electronics, computers, due to a strong yen, when you can get it cheaper from America itself, or even China or India?
  
  But wait..Japan is also a savings oriented economy, in which, majority of the US international papers or debt are held by it...So the Japanese are not thrilled to watch the value of their investments in the US bond, Treasuries and Capital markets go down the drain as the US dollar weakens..
  
  The USDJPY monthly chart below shows the decline of the currency pair..
  
  
  
  Compared to EURUSD(eurodollar), which is on an uptrend, a strong dollar would have a weakening impact on the euro, popularly known in international financial circles, as the ''antidollar''.. Even Trichet, the President of the EU Central Bank(ECB) might likely welcome the gesture of the Japanese with open arms, because a strong dollar would weaken the euro and save them the unsavoury task of slashing interest rates in the nearest future..You could do more research if it affects your personal finance or business objectives, need
  
  info..Did I hear someone say ''Don ichiban''?
  
  
  
  

  Originally posted by mystikal;12103 [11:53:40 30/12/08] Stalion : no need to be confused....we put a buy stop on gbpusd @ 14550...1st target @ 14575..2nd target @ 14615..3rd target @ 14655 [11:53:44 30/12/08] Stalion : sl 50 pip away

  
  
  
  Let me whisk you away to the forex charts on the DISSECTION OF A TRADE GONE WRONG. Remember the loss was also important though the LESSONS LEARNT from the loss are MORE IMPORTANT.
  Now we are going into the reasons why we took a buy stop at that point..
  A 123 bottom formation was observed prior to the alert given out, along with an inverted head and shoulder pattern forming at the bottom...Both are reversal pattern telling us that price is about to reverse from its downtrend to an uptrend.
  
  MACD also made a positive convergence to price which was a buy signal..For the our fib fans out there, a la moneyadd, price made a turnaround on the 30% window, instead of the 60% sell window..which is not that unusual given the strong trend downward in price..
  
  So it was more of a matter of TIMING, rather than STRATEGY. We might be right in taking a trade based on what our strategy is telling us, but if the timing is off bat, we take the loss...In this instance, we lost 50 pips yesterday..the market is always right..quite an humbling experience, isnt it?
  
  
  
  So for today, wednesday, price finally came around and rocketed past our 3 targets like a valkyrie..technical analysiswise, our strategy was sound but the timing was off...price then compensated us with more than 105 pips..$105 minilot, $1050 standard lot on GBPUSD.
  
  
  
  
  HAPPY NEW YEAR FOLKS and we give thanks to God for seeing us through a bumpy 2008..WELCOME
  
  2009.

• Forex Trading Strategies : 10PipsPro Expert Advisor - Pips For Life

  Wed, 31 Dec 2008 04:19:45 +0000
  Author: 10pipspro
  Subject: 10PipsPro Expert Advisor - Pips For Life
  Posted: December�31�2008 at 04:19
  
  Stop Losing $$$ And Start Making $$$ In Your First Day Of Trading!
  
  Are you looking for a profitable and reliable expert advisor to automate your trading decisions and relieve you of the routine functions of continuous market monitoring?
  
  The most important question of all, are you looking to avoid the fear, greed, lack of confidence, inconsistency and start making big money in the forex trading market?
  
  If your answer is yes to both questions, then you have come to the right place.
  
  Here you will find the best Metatrader 4 (MT4) Forex Expert Advisor called the 10PipsPro Expert Advisor.
  
  Edited by 10pipspro - December�31�2008 at 04:27

• Forex Trading Strategies : MT4 Programming Language Change

  Wed, 31 Dec 2008 03:29:52 +0000
  Author: JR-Welling
  Subject: MT4 Programming Language Change
  Posted: December�31�2008 at 03:29
  
  

  I�want to reprogram my EA’s from MT into the scripting language available on the front end for the CX aggregator at ATG. The scripting language is based off C++.

  The First Part

  “Aggregates: Currenex, Hotspot Institutional, Lava, FXall Accelor and Integral (15 banks)”

  http://www.aarontrade.com/html/forex_solutions_center.html

  I want to have the EA programmed into the scripting language. Second, I want to see about shutting off Currenex or only having the Currenex ECN without banks. I think is an internal function but it may be something that has to also be programmed.

  �

  Second Part:

  There is another aggregator FX Aggregator which is available for account minimums for 50K as opposed to the CX starting at 250, 000. The front end is the exact same thing but its aggregating different liquidity pools. I will have another account for this. There may be liquidity pools that may need to be shut off. Once again, this may need to be programmed or this may be something as simple as having a specific feed turned off. I have to check.

  �

  I need to find out a programmer who can convert the EA’s from MT to the C++ scripting language on the aggregator front end for both the 250K and the 50K solution.

  If there is anybody who is qualified and seeking a temporary programming job please contact me.

  JWellington721(Google)

• Generally Speaking... : NFA Forex Dealer Dead Pool

  Tue, 30 Dec 2008 14:38:14 +0000
  Author: scottdkuehne
  Subject: NFA Forex Dealer Dead Pool
  Posted: December�30�2008 at 14:38
  
  While we are recommending brokers Broco needs to be mentioned since they are fully licensed stock, bond, commodity, and currency brokers. They have a $10, 000, 000 insurance policy with Russia's largest insurance firm and operate out of a country which is running a surplus. They have won broker of year every year with their firms in Russia, including 2008 with Broco. More info can be found here�http://www.forextradersinc.com/company_broco.htm

• Generally Speaking... : NFA Forex Dealer Dead Pool

  Tue, 30 Dec 2008 14:04:42 +0000
  Author: forexsavior
  Subject: NFA Forex Dealer Dead Pool
  Posted: December�30�2008 at 14:04
  
  

  The Forex Savior Seal of Approval

  �

  In light of the government takeover of Crown Forex I am once again being asked, “which specific broker do you recommend?”� That is not for the Savior to say.� Different brokers have different products and all traders should conduct a regulatory background check and thoroughly demo test a broker’s platform before opening a live trading account.

  �

  That said there are many solid brokers in the market place who are regulated and unlikely to go under anytime soon.� Here is the Savior’s list of approved brokers:

  �

  U.S. Based Brokers

  �

  1. Oanda
  2. FXCM
  3. Gain Capital
  4. GFT Forex
  5. FX Solutions
  6. Interbank FX
  7. CMS Forex�

  �

  European Based Brokers

  �

  1. Saxo Bank
  2. IG Index
  3. CMC Markets
  4. MF Global
  5. City Index

  �

  Banks

  �

  1. DBFX
  2. CitiFX

  �

  I have omitted smaller based U.S. brokers who have yet to meet the $20 million capital threshold, Swiss brokers who have yet to get a banking license and any offshore broker hiding out in shady jurisdictions such as Cyprus or Belize.

  �

  Of course, any of the brokers on the Savior’s list of “approved” brokers could run into trouble in the future.� If Lehman Brothers and Bear Stearns can vanish overnight no financial institution is immune from insolvency.� Already, I have reported on the financial troubles of both Saxo Bank and CMC markets in the last few months.� But even taking into consideration the mass layoffs at both firms neither is likely to go belly up and take customer deposits with them.��

  �

  In addition most of the U.S. based brokers on my list have had various regulatory actions taken against them (none of them however were charged with any financial violations and were related to marketing practices, which doesn’t interest me.)

  �

  I’m sure there are readers thinking to themselves, “that broker on your list is a crook and a cheat so how can you approve them?!”� Simple, because those who feel one of these brokers has cheated them always has the option of filing a complaint with the appropriate regulator and have your day in court.� But if you are trading with an unlicensed broker you’ll be lucky to even get a customer service agent on the phone to complain to in the first place let alone actually have an arbiter hear your case.

  �

  In short, I would feel comfortable opening an account with any of these brokers.� Hence the reason they have been given “The Forex Savior Seal of Approval.”�

• Forex Trading Strategies : Review of Strategic Tips on Milking the Major Curr

  Tue, 30 Dec 2008 07:10:29 +0000
  Author: forexgreenland
  Subject: Review of Strategic Tips on Milking the Major Curr
  Posted: December�30�2008 at 07:10
  
  

  Originally posted by moneyadd;87741 Hello guys, I wanna say great job my strategy is very much like yours But actually i don't watch the trades i just put the safe buy/sell STOP orders and targeting 10 pips . I put my buy stop for up-trend when i get the confirmation of the 1, 2, 3 pattern at fibo level 0.0 and only take 10 pips profit the opposite for the sell but it's the same and i always lay those pips no loss But after reading all your posts i might consider sitting in front of the screen and make bigger profits . My profits are big because i increase the lot size when my analysis gives higher probability and i lay $200+ a day using it . best of luck and again great job but why aren't you drawing your fibo levels on the charts or you don't want it to look complicated ? :blink:

  
  
  Helloo moneyadd, thanks for reading all my posts...trying to make the time to read them myself..lol..fibonacci are great support and resistance levels that can be used in trading to ascertain price movement..but even with the knowledge of 'fibo'' levels, many traders still make losses..prefer the 60% windows which are more simpler and accurate in my personal opinion..remember KISS? Keep it simple, Smarty..so its about applying the right tools for the right markets...not all size fits all in trading..
  
  If you check out our chart below, we used the TRIANGLE PATTERN, more specifically, the SYMMETRICAL TRIANGLE PATTERN. but why is it called a triangle? Because it looks like one..Triangles usually form part way through a strongly trending move and represents a congestive phase in the marketplace. These patterns are important because they are typically followed by sharp increases or declines in price. An established triangle pattern is a valuable signal prior to a relatively predictable price change.
  
  
  
  Yesterday, we made more than 200 pips from our symmetrical triangle which was part of our live practical trading.
  
  1.4770-1.4576=0.0194
  1.4651-0.0194=1.4457(target point)
  
  Symmetrical triangles, which are lines connecting peaks and troughs tend to converge at the apex which is at the centre of the pattern.When price breaks outside of the pattern, there is a high probability that the price will trend in the direction of the breakout.Once price hit our target for more than 200 pips, it now retraced upwards, . Our buy stop @ 14507 caught the bullish correction for 75 pips..
  
  
  
  Price then retraced downward again to our previous short target of 14457, hitting it twice..
  
  
  
  Before we knew it, price knocked 3 times and slipped downwards where our sell stop was on hand to take the move...''come to papa''..
  
  
  
  So moneyadd, hope you now understand...actually, my clients dont really want to know the process or method in which trading takes place...all they are concerned with is whether we make money at the end of the month, recession or not..thats the primary objective..making money.
  
  

  Originally posted by jeffsmith;385444 Can any one here tell why do clients trading this market online face problems. I have been trading online with AVAFX and facing problems like not receiving proper mails from them on time, downloading problem, customer support is not responding etc. I have also heard from other persons trading this market online facing the same problems. After threatening the customer support people they are now responding on time. But still i have not come to know why online clients face such problems.

  
  
  
  sorry about that, jeff...try and look for a better and more honest broker...Even if you got the best strategy in the world, the choice of brokers is pertinent for the realization of your trading goals.
  
  
  [11:53:40 30/12/08] Stalion : no need to be confused....we put a buy stop on gbpusd @
  
  14550...1st target @ 14575..2nd target @ 14615..3rd target @ 14655
  
  [11:53:44 30/12/08] Stalion : sl 50 pip away

• Forex Trading Strategies : Review of Strategic Tips on Milking the Major Curr

  Mon, 29 Dec 2008 16:21:36 +0000
  Author: forexgreenland
  Subject: Review of Strategic Tips on Milking the Major Curr
  Posted: December�29�2008 at 16:21
  
  

  Originally posted by king_diamond;3114867 ala tuan, tau ler last2 mesti ada nak jual ebook ngan online tutor nanti ni.....tul tak masta forestgreen :D :)) p.s if u dint understang....google it, welcome to CG(suppose to be) 100% Malaysia :))

  
  �
  Boonga boonga, what? reminds me of Indiana Jones and Temple of Doom...hey king of diamonds,
  
  thanks for your hospitality..really appreciate it..howz kuala lumpur? The Russians said I
  
  should google their language, the Japanese, the Indians, the Italians, Germans, even the
  
  Peruvians tried to do me in but no online translation yet..like a frigging UN linguistic
  
  convention met..would be grateful if you could teach me a lil Malay, for the ones I know is
  virtually nonexistent..lol..going down to Singapore next year for some traders' conference
  
  but dont know whether the language barrier can get me past the airport...thanks once again,
  
  king of diamonds
  
  
  

  Originally posted by mystikal;12013 The present buy stop @ 14705, 1st target @ 14730, 2nd target @ 14745, sl @ 40 pips away, is anticipated to yield 40 pips or so..more like chess.

  
  
  Helloo there, folks,
  Price made a BULLISH GAP on the start of the Asian session, and before we knew it, more than
  
  40 pips was emancipated from our buy entry of 14705..
  
  
  
  Even the 60% BUy WINDOW was negated as price on the GBPUSD dropped more than 200 pips
  
  afterwards from the TRIANGLE PATTERN shown above.
  
  Well, what can I say?
  
  

  Originally posted by fx-liono;225431 Hi guys I think its just too riskiy trading full stop at the moment, spreads are wide, trend is non existent, and volume is extremely low. I think its best staying out until at least a week into new year when everyones back from holidaying and markets have settled down some what! But thats just what I am thinking!

  
  
  Well, fxlion, maybe a lil positive mental attitude thinking might be in order?
  �

• EUR/USD : INTRA-DAY EUR/USD OUTLOOK by Acetrader

  Mon, 29 Dec 2008 06:06:48 +0000
  Author: jeffsmith
  Subject: INTRA-DAY EUR/USD OUTLOOK by Acetrader
  Posted: December�29�2008 at 06:06
  
  Today cannot say much about this pair friends. The market is looking some what mixed.

• Forex Traders Lounge : Forex Rebates

  Mon, 29 Dec 2008 06:04:22 +0000
  Author: jeffsmith
  Subject: Forex Rebates
  Posted: December�29�2008 at 06:04
  
  Friends we cannot force anybody to join a broker recommended by us. We can only suggest them the name of that broker and tell them about the services about him. Further it depends upon the person who wants to invest in forex.

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