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- Zygons replied Jul 23, 2007
You all might be interrested in the GUPPY Multiple Moving Average style of trading.
- Zygons replied Mar 11, 2007
thanks for the replies guys.
- Zygons replied Jan 25, 2007
A good post based on MM. Too many are melodramatic with leverage. Leverage is your friend to be utilised. Though, understand what your risk is. Find LOW risk setups and entries then protect your positions - simple.
- Zygons replied Jan 20, 2007
What is the time used for daily pivot calculations? The day for the weekly pivots? Monthly pivots?
- Zygons replied Jan 20, 2007
I agree, this is where most go wrong. They overtrade in short timeframes and have their stops hunted etc. Pipex you are on the right track by stating the above.
- Zygons replied Jan 20, 2007
Rare approach — Having not traded forex yet, I have focussed on the education and stuck to that until I am mentally proficient at running a trade through my head. Once at this stage the actual process will be that much easier. Having said ...
- Zygons replied Jan 19, 2007
Thanks Tiki, I understand now. It doesn't load though would that be because I don't have funds in the account?
- Zygons replied Jan 3, 2007
Can TD lines be backtested or are they pure discretionary?
- Zygons replied Dec 30, 2006
Feel free to post more that you have. We can all learn together. Zygons
- Zygons replied Dec 30, 2006
I like the second one for the sole reason it is closer to the right hand side of the chart. Thats where the money is made. I have only studied these lines in theory so I may be biased in my comments.
- Zygons replied Dec 30, 2006
You forgot pivots.
- Zygons replied Dec 28, 2006
Do you have a link?
- Zygons replied Dec 19, 2006
Sorry for the late reply. Thanks for the information. Zygons
- Zygons replied Dec 12, 2006
Thank you Labrat407! Very clear in deed.
- Zygons replied Dec 12, 2006
I just found that there are 10,000 pips in $1 us . 60 x 10,000 = $60,000 The example failed to provide the pip factor which is 10,000.
- Zygons replied Dec 12, 2006
Thanks. I am glad becuase I have tried hard to understand the book example and as posted others can't get it either. The book is trash and I shall learn from this forum. Thanks for your help.
- Zygons replied Dec 12, 2006
Cesarnc, That makes a lot sense. The trouble with the example is I can't get a feel for how much is being traded. Given the information provided it isn't like a simple stock trade where you can guage your trade value.
- Zygons replied Dec 12, 2006
Ok so 300 pips x 10.00 = 3,000. 2% x 3,000 = $60 $60 x 1/10.000 = $60,000 Is this it?
- Zygons replied Dec 12, 2006
Lets give the whole example to make it easier: EUR/USD trade BUy at 1.2500 Sell at 1.2800 =300 pips One lot (100,000) euros - base currency 2% margin (50:1 leverage) each pip in a lot of the EUR/USD pair is worth USD 10.00 So, USD 10.00 x 50:1 ...
- Zygons replied Dec 12, 2006
no it just says 60 It doesn't say 60,000 The example in the book says 60,000 How do they get that? There is a big difference between USD 60 and USD 60,000