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- 114 Results (13 Threads , 101 Replies )
- Lamdun replied Feb 17, 2010
What do you guys think about this set up on GBPJPY? image Pinbar at a ppz and I didn't draw it but it also is right on the 38.2 off of the previous swing high. Is this a good trade? Would enter on break and first target would be in the 140ish ...
james16 Chart Thread
- Lamdun replied Feb 17, 2010
Ok thank you Mike. Actually just watched your divergence video so got a bit excited about finding them in the charts haha
james16 Chart ThreadAnd yea, i thought that the pair's PA was very weird. What exactly do you mean by intervention by the way? From the central ...
- Lamdun replied Feb 17, 2010
The following is a weekly chart of EURCHF image Is this good divergence? I don't know if that first dip before the actual "divergence" voids it. I was thinking of entering on the break of the inside bar. Is this a good trade? Thanks
james16 Chart Thread
- Lamdun replied Jan 11, 2010
Sorry, can't post charts right now but AUDCAD is forming a pinbar after rejecting .9600 (and the lousy AUD data out today) and AUDUSD is also completing a two day pin at .93. Both are at nice s/r regions but are countertrend. However, both pairs ...
james16 Chart Thread
- Lamdun replied Feb 8, 2009
Ok, i do agree with you that certain robust automated systems might be profitable in the long run - say 10 to 20 years. But what that might mean is a couple of years of extraordinary profits, a couple years of massive drawdowns, and the rest of the ...
Do you believe in EA trading?
- Lamdun replied Feb 8, 2009
This is a response to both 1kc001 and jordanknight. EAs WILL break down in time. Sure you might get very very lucky and have an EA that continuously is profitable for 10 or more years. But the problem is, all EAS are based off of the market ...
Do you believe in EA trading?
- Lamdun replied Feb 1, 2009
I apologize for the misunderstanding. I was just addressing the part of your post where you claimed that "40 pips a week is super modest and reasonable" and I am just letting you know that neither of those are close to being true. You have better ...
5 Times Leverage, 2% Risk Per Trade Can Make You Rich
- Lamdun replied Feb 1, 2009
That might be the only thing I really agree with you in this thread. Trading is definitely not rocket science. At least with rocket science, if you get your physics right and make every calculation 100% correct, the chances of your rocket failing ...
5 Times Leverage, 2% Risk Per Trade Can Make You Rich
- Lamdun replied Jan 31, 2009
Pull up a EURUSD chart and zoom out so you have 5 years or so of data. See what happens around July of last year when the economy first started its major decline? Does the chart before July look at all like the chart after? Just compare the average ...
Exactly how do "Markets Change"
- Lamdun replied Jan 31, 2009
Now this is something i can answer. It all depends on your risk management. Just because your stop loss on a 4h chart is 50 pips vs. 10 pips on the 10 minute charts doesn't necessarily mean that you will lose 5 times as much. The best way I ...
Scalping
- Lamdun replied Jan 31, 2009
scorpionFX, i think you should trust us more experienced traders and forum posters and go out and do your own research. The problem with many newbies is that they come into this forum expecting to find easy answers and make millions off the process. ...
Scalping
- Lamdun replied Jan 31, 2009
Great post sccz. Though I don't personally like to trade short term based on news, I completely agree with your insight on the relationship between technicals and fundamentals. It's one of the best explanations I've heard on this forum on why a good ...
How to use Fundamentals to make Money
- Lamdun replied Jan 30, 2009
I don't follow gold closely at all, but i can tell you that gold is one of the safest stores of values out there and investors will flee to it when they are uncertain. So i believe that as long as the global economy is in the gutter and is expected ...
How to use Fundamentals to make Money
- Lamdun replied Jan 30, 2009
I can help to explain this. When the economy is bad, people no longer want to risk in high yielding investments. For example, in good times people want to borrow low yielding dollars (at <0.25%) for really cheap in order buy high yielding currencies ...
How to use Fundamentals to make Money
- Lamdun replied Jan 30, 2009
Thanks guys for the support. I will certainly be happy to stay around in this thread and provide my insight. Fugly - I am actually an junior economics major in college so I learned most of what I know about macro-econ factors from classes. However, ...
How to use Fundamentals to make Money
- Lamdun replied Jan 29, 2009
Though i wholeheartedly agree with James' recommendation of demoing first before going live, I would have to warn newbies not to expect the same success trading live as in demo. Piproo, I think that trading demo is crucial in perfecting your trading ...
james16 Chart Thread
- Lamdun replied Jan 29, 2009
All of your assumptions are pretty simple generalizations and of course there are many other factors in play. But yes, you are pretty much correct. Also, your original post about our trade deficit vs. China is also not incorrect. However, the forces ...
How to use Fundamentals to make Money
- Lamdun replied Jan 29, 2009
I believe the dollar will fall in time, though not due to the trade deficit with China, more likely due to the massive inflation the Govt.'s stimulus package and the fed's proposed quantitative easing (basically injecting money into the money ...
How to use Fundamentals to make Money
- Lamdun replied Jan 28, 2009
I believe that fully mechanical systems do work. And as an extension of that, EAs also do work (of course, only if they are coded properly to effectively emulate a effective mechanical system). However, I think that most new traders have overblown ...
Do you believe in EA trading?
- Lamdun replied Jan 27, 2009
Heres my 2 cents. Fundamentals do work. But i think that many people misuse them in forex. Forex is a completely different animal from stocks and such. A stock might have a couple of news items a week that move its market whereas the forex markets ...
How to use Fundamentals to make Money