tell me what you think of my egy
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Thread: tell me what you think of my egy

  1. #1
    Hello,

    I'm a new trader started a couple of months back...

    I'm with fxcm and I think that it's a lot better than forex.com

    But my egy is because I'm working
    I trade these mainly
    aus/usd
    usd/jpy
    euro/usd

    and I use 3 technical indiors:
    two bolinger bands (1 plus two standard deviation) superimpose over the price..that would creat a buy, sell, or no individual's place

    macd

    and eventually rsi

    I would look at 60min, 30min, 15min charts and confrim my sell/buy signals. I would look at the signs option that fxcm has and see if my approach is proper. .
    I frequently put a narrow trailing stop (about 10 pip) and limit of usually 20-30. (I'm little scale trader)

    if I need more proof of buy/sell signs, I seem at CCI and parabolic sars

    I'm currently attempting to research on fundamental techniques as well as look at various candlestick pattersn. . I'm reading steve nison's publiion 2nd variant on candlestick charting. .

  2. #2
    Read Nison's book three times, then read it a couple more times just to be sure you have it down great. Get your moneys worth on this one. I paid full retail for it and would pay that for all the pips it's earned me since I read it. I still drag it out about once a week to check on something. It is within arms reach from where I sit.

    As for recomendations:
    1) personally I'd cut down to a single mabie two currency pairs. I'd stick with the Euro simply becouse there is advice for beginners available on the web.

    2) Learn to cut loose a few indiors and rely upon price action. That will take some time, but just stare at nude charts on a demo account for days at a time (trust the older Wizzard, grasshopper, it that the Zen Trail to Wizzdom) Maintain the MACD and The RSI and just peek in the others when you can not stand it any longer. (there is much more going on in a MACD than you might now initially)

    3) Cut down to 2 time frames. I'd (and I really do) pick the 15 and 60min. Due to 4x to 5x's ancient zen rule wins the day. I ocionaly go out all the way to week charts drill down to hour if I am attempting to get view of tendencies or overall support/resistance, but for daily use 2 timeframes to 5x apart works. I keep one and have 2 monitors.

    Best of luck and keep on plugging away. Things may get bad, but they always appear to get.

  3. #3
    Quote Originally Posted by ;
    Read Nison's novel three times, then read it a couple more times just to make sure to have it down good. Get your moneys worth on that one. I paid full retail for it and would pay that for all of the pips it has earned me since I read it. I drag out it about once a week simply to test something. It's in arms reach from where I sit.
    Do you suggest Nison's 1st or even 2nd publiion? Or both?

  4. #4
    Quote Originally Posted by ;
    Do you suggest Nison's 1st or 2nd publiion? Or both?

    Squid
    Never read his original, but having read the referalls in his next to his original, I think it will be safe to state His Second

    Beyond Candlesticks.

    imho.

  5. #5
    Quote Originally Posted by ;
    Can you suggest Nison's 1st or 2nd book? Or both?

    Squid
    Both. The next is FX specific and the first is more basic. My recomendation is read them in order. (over and above)

  6. #6
    Quote Originally Posted by ;
    hello, I'm a new trader started a couple of months ago... I'm with fxcm and I think that it's a lot better than forex.com But my egy is since I'm working I trade these mainly aus/usd usd/jpy euro/usd and I use 3 specialized indiors: 2 bolinger bands (1 and 2 standard deviation) superimpose within the price..that could creat a buy, sell, or no person's area macd and eventually rsi I would look at 60min, 30min, 15min charts and confrim my sell/buy signs. Then I see if my approach is right and would look that fxcm has. . I often put a.. .
    Your egy stinks bitch...

    that is my future self telling my older self...

    leave forex today! . .leave you bastard and trade futures...

  7. #7
    Quote Originally Posted by ;
    quote your egy stinks bitch... this is my future self telling my older self... leave FX today! . .leave you bastard and exchange futures...
    biting my nails waiting what your 'future self' will advise for your 'itself' 10 years from today

    combine that with some time travel, like Back to the Future's Grey's Sport Almanac and we will have Hilmy Madtrader Tanner!

  8. #8
    Quote Originally Posted by ;
    hey, I am a new trader started a couple of months ago... I am using fxcm and I believe that it's a lot better than forex.com However, my egy is since I am working I exchange these mainly aus/usd usd/jpy euro/usd and I use 3 specialized indiors: 2 bolinger bands (1 plus 2 standard deviation) superimpose over the price..that could creat a buy, sell, or no man's area macd and finally rsi I would examine 60min, 30min, 15min charts and confrim my sell/buy signs. Then I see if my approach is proper and would examine the signs option that fxcm has. . I frequently put a.. .
    So, your trading egy is just based on technical indiors. Can you believe, only indiors would be enough here? What's your plan on fundamental events?

  9. #9

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