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- Matt795 replied Dec 21, 2011
Indicators do work but it all depends how they are used. For example its pointless to use a hammer to screw a screw but its perfect when hammering a nail. Indicators are the same. I personally don't use much indicators in my trading, I do have a ...
- Matt795 replied Dec 20, 2011
Looking at a daily chart it looks like the NZD/USD could have a run to the 0.618 fib level or to the 0.8000 level as some people have posted here. I would buy on a close above the trend line, with a stop at the 0.236 and target at 0.7900. Pretty ...
- Matt795 replied Dec 20, 2011
I suppose $0 is better than a loss I never thought of trading the cloud that way. I'll look into that strategy, thanks for the help.
- Matt795 replied Dec 19, 2011
I've gone through baby pips already, maybe a missed a page. As for how I trade, I like to trade with a naked chart with one or two indicators. For direction, I use the ICH cloud on a daily chart, specifically the trend line and the signal line. So ...
- Matt795 replied Dec 19, 2011
Words of wisdom are always welcome However, from your post I'm not getting the "how/when" do i enter. Your words do give me a good foundation to go out and research so thank you very much.
- Matt795 replied Dec 15, 2011
. — Bears just woke up...
- Matt795 replied Dec 15, 2011
. — Don't trade off my words mate.
- Matt795 replied Dec 15, 2011
Resistance @0.9950 — Hey guys, Looking at PA for AUD today, looks like it might run up another 15-40 pips. PP, Fib 0.5000 and Fib 0.618 all in a cluster around the 0.9950 level. Plus the "high" wicks on the 15m chart I'm looking at showing the ...
- Matt795 replied Sep 30, 2011
I think this guy has it right. If this is for fun then losing it all on one trade isn't worth it, like a theme park with one ride, so trade light imo. On the other hand if your taking it seriously then your first goal should be to keep your money ...
- Matt795 replied Sep 23, 2011
. — Points well taken but when Im sitting in a class doing quite literally nothing I just question whether or not its really worth it and I was wondering if anybody else thinks the same. I certainly don't plan to just give up and start ...
- Matt795 replied Sep 23, 2011
. — "Expensive Bastards" Thought i would've made a friend LOL meh to each their own. Keep that up and youll be logging in to FF from your mansion, child support is a pain in the ass though. Gonna stay clear of that lol.
- Matt795 replied Sep 23, 2011
. — Yeah man Carter IV even though i think Drake's new album might be better. Education is important but if you're consistent you question what your doing with yourself and is it really worth it.. *philosophical beard stroke*
- Matt795 replied Sep 23, 2011
. — When that happens you question whether or not school is really worth it.
- Matt795 replied Sep 23, 2011
That is brilliant... I've been thinking about trading during class and those statements hit the nail on the head. Thanks mate happy trading. BTW is that Lil Wayne lyrics?
- Matt795 replied Aug 5, 2011
Hope-ish — Looks like a double top on the monthly... not bearish but would buy on a big dip. Buy order at 1.0250 ,heres for hoping
- Matt795 replied Aug 5, 2011
Good Idea — Fx Cube, Very interesting strategy, however there is always room for improvement. Especially to avoid whipsaws or forgetting the big picture. Maybe placing levels on your chart for significant S&R levels to keep an eye on the big ...
- Matt795 replied Aug 3, 2011
I calculate my stops based on a percentage of account 1-2% and then based on the pip cost I calculate how far in terms of pips in acceptable then I take that level and with other analysis see whether that level is appropriate.
- Matt795 replied Aug 2, 2011
— Just as a final word before i end my nights read, If you equate profits to success and losses to failures then wouldn't any system that turns a profit over any period of time be a success therefore if i turn a profit trading a coin ...
- Matt795 replied Aug 2, 2011
That logic is like saying because Macy's is having a sale you wont buy a new shirt. Assuming the fundamental story of a stock remains intact buying on broad insignificant market weakness has been a very good and profitable strategy. Similar to why ...
- Matt795 replied Aug 2, 2011
I don't want to bash you or your system in terms of if it works, as i would guess it does as you are still interested in trading and teaching trading. but as a word of non egotistical opinion, I trade PA and have had success so far so you can't ...