Lol,fxlion, at least thats a strategy...but seriously though, we shouldnt depend on just
chance or others to make money in trading...The beauty of the CHART PATTERN RECOGNITION AND
PRICE PROJECTION STRATEGY is that you dont need to cram your screens with all sorts of
indicators because entries and exits are taken DIRECTLY FROM THE CHARTS.
http://i72.servimg.com/u/f72/11/82/15/01/eurusd10.gif
Yes, you are right, mon ami...Price on the GBPUSD made a high of 14991, which was 8 pips
less than our 1st target of 14999..by placing your stop loss at entry point after +20 pips
ahead, you would have been stopped out at a profitable breakeven of 31 pips or less..Not too bad..
http://i72.servimg.com/u/f72/11/82/15/01/buried10.gif
Stallion, I am having a hard time following your past calls. Where exactly can I find them.
I have a time difference and I'm trying to make proper adjustements prior to trading. You
start calls around 1am my time. Please let me know where on the website I can find an
archive. Also, from reading your posts you suggest to take half profit at 20 pips, then move
other half to break even s/l, if 1st target hit then sell half and so on. Is this correct
and holds true for all your calls? Thank you for the help. I should be up and running on new
year, I see big market swings coming our way.
Thanks for your mail,pips...I thank God for the positive mental attitude displayed in your
comments about the New Year..If we can make profits during the most volatile 3 months in
trading (October to December), then there's good reason to expect better things to come in
the nearest future.
I assume London Session starts 1am your time, depending on where you are in the US. The
archives can be found here:
Review Of Strategic Tips On Forex Signals In Forex Forum
It would be better to take off half profits when +20 pips, rather than waiting for 1st
target to hit..Time and tide, along with price,waits for no man..
Robert Kiyosaki, of the Rich Dad Poor Dad series,talked about the stock market burst some
ears ago, along with its effects on baby boomers and their Social Security program. Even
though he gave out some suggestions on how to avoid that pitfall by personal development and
education, most people then castigated him as a fraud who just wants to sell his books and
seminars. From what is going on in the global economy and the US, it appears he has been
vindicated.
ABC News: Will We Be Forced to Work Until Death?
Late last year, on one of the popular Nigerian forums, I predicted the Nigerian Stock
index(NSE) have reached its top and suggested readers should cover their positions and
unload their stocks. But as at then, the bulls were in control, stock newsletter and article
writers were fueling the bubble frenzy and screaming ''BUY''..
The young admin of the forum, maybe out of ignorance and emotional bias, reacted by banning
all forex traders off his site. But that didnt stop the stock market bubble to burst and
uneducated investors losing substantial amount on their equity. Those that took the time,
money and energy to understand and educate themselves on market behaviour saved themselves
from the bearish drop and even made profits from the decline.
In essence, as investors,we should strive to invest in ourselves.No one knows it all. Most people made money in the Great Depression of the 1930's..We can too..
Hi Stal,
First of all thanks for pointing me to forexpeacearmy as it is a very good source of forex
information. I have been going through the broker reviews and feel like it has stopped me
from taking a wrong decision. I have managed to shortlist a few which I beleive are honest
as per the reviews.
Your comments or experiences on any of these would be very helpful, especially if u could
point one or two which I can go live with.
1.MB trading
2.Ikon-Royal
3.Tradeviewforex
4.Alpari Uk
Any help and insight would be highly appreciated..
Thanks,
Helloo there...
Well, it would be unseemly if I publicly endorse any of the brokers due to conflict of
interests.So am throwing it out in the open...Anyone that has comments or experiences with
any of these is free to post it here. Thanks once again.
so for wednesday, we put a buy stop pn GBPUSD @ 1.4740...1st target @ 1.4765..sl @ 1.4715...
also a sell stop @ 1.4700..1st target @ 1.4671...2nd target @ 1.4665..50 pips sl