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- nanningbob replied Nov 1, 2014
CSS is the greatest trading tool I have ever used. Here are my comments for this week. Because of the huge JPY move it kind of distorted the whole thing. Made everyone else go up while the JPY went down big time. This probably will carry for the ...
- nanningbob replied Oct 29, 2014
This chart gives you the relative strength of each currency. When one is going up and another is going down you buy the currency going up. If they are above/below the 20/-20 lines you have a trend going and ride the wave. You can see the ...
- nanningbob replied Oct 24, 2014
Now you can look to buy the USD/JPY at these areas and take the ride.
- nanningbob replied Oct 24, 2014
Knowing basic fundamentals and you would not take such a position. The JPY govt. and bank are on a long term depreciation of the YEN that means short term retracements but long term JPY is going down and will continue to go down long term. Trading ...
- nanningbob replied Oct 19, 2014
You probably cant seem them but I have the xxx.000 lines marked every 100 pips. Those are my TP and entrance areas when I can get them. Here I changed the back ground color. I dont want the lines to interfere with my view of price action.
- nanningbob replied Oct 19, 2014
Egads where is the price??? I am down to two 240MA on the screen and a simple cross system with arrow. Very effective and I get to see price action with it.
- nanningbob replied Sep 6, 2014
I am not going to reveal the person who sent this email but jeepers if you are going to trade use your brain and read what we said. We have said many many many times we trade small lot size to account size. Dear sir, I have entered a sell trade on ...
- nanningbob replied Sep 6, 2014
In the last 3 months over 1300 pips but price was within a 300 pip range. Eur/jpy is a much more volatile currency and would garner you more pips. So bottom line is. Your hedged positions would prevent account wipe out, the DD would be permanent and ...
- nanningbob replied Sep 6, 2014
A more volatile pair could be the eur/jpy which has an 8000 pip range. So potentially 80 buy/sell trades make up the permanent DD. This would have been established over a 4 year period.
- nanningbob replied Sep 6, 2014
Now the NZD/USD is a very slow moving currency, non-volatile but this would be 800 pips in profit over a 3 month period.
- nanningbob replied Sep 6, 2014
To try to show how a hedging strategy would work and you would need to use low leverage to keep swap costs down. Here is the NZD/USD monthly chart. The difference between its highest high and lowest low is 5000 pips. If you spaced your trades 100 ...
- nanningbob replied Aug 27, 2014
Here is a swap monitor I use on my screen. Gives swap, spreads, price, and distance from the 240 MA line. You can see it in the upper right hand corner.
- nanningbob replied Aug 24, 2014
This is how long term Fundamental traders trade, totally foreign to the average FF trader. This is not news trading it is trading the long term trend of a currency pair. In 2005 the eur was on a 12 month DT so you didnt need to buy just sell. 2006, ...
- nanningbob replied Jun 7, 2014
If I counter/range trade I usually use a high/low indicator like Center of Gravity or TMA. They are fairly accurate in getting the highs and low of move every day/week. The high/low indi which I used for quite a while (sixths indi) I changed when I ...
- nanningbob replied Jun 4, 2014
Sounds good to me. I trade the 4H chart so I am profiting and reentering more often. I have there the 240, 60 and TMA. I try to start at the bottom of the TMA and profit at the top with several entrances. My entrance point is usually the DP. I then ...
- nanningbob replied Jun 4, 2014
Finally got the pic to load. I just highlighted the areas on the monthly chart that showed DT. Range and UT areas I left unmarked but you should be able to see them. I have been trading JPY weakness for 1 1/2 years now and will continue to do so.
- nanningbob replied Jun 3, 2014
SHEESH video, who would watch a video 24 hours a day 5 days a week. That is not even feasible or worth the time. In fact I really dont have to prove anything all I have to do is make money. I cant hedge in the USA so I cant use it. When we were ...
- nanningbob replied May 22, 2014
So covering the last 10 years of eur/usd history you will find 9 major changes of direction for the eur/usd. You understand this part of Forex then you can successfully trade consistently through the years.
- nanningbob replied May 22, 2014
Here is the Bush and Obama presidencies and their affect of govt. policy on the eur/usd. Bush depreciated the dollar until it collapsed and Obama presidency has seen it range. Knowing this helps you in your trading and planning your trades. So in ...
- nanningbob replied May 22, 2014
4th point: having said all that the most obvious effect on currency is govt. policy. Last year Japan made a major govt. decision to depreciate the YEN as official govt. policy. Sometimes other market forces affect what they are doing but the long ...