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- shadeslay replied Oct 22, 2008
That fib looks backwards, I know because I do it all the time myself.
EURUSDGoodthings went over the statistical probabilities of each retracement % for fibs. He did a few currency pairs although not sure if E/U was one of them. url
- shadeslay replied Oct 1, 2008
I always want a clear signal, while correlation does often give a good idea of where another pair could be headed. It isn't always 100% correlated, so I always wait for price action to determine my trade. I always view analysis as a possible ...
EURUSD
- shadeslay replied Sep 30, 2008
Now that we've retested the major trend line "starting in 2002" we have a good chance to see were this baby is going. It is the third major retest, which is when they are most likely to break. But no real clear signal yet, figure it will hang some ...
EURUSD
- shadeslay replied Sep 30, 2008
Not sure about a major rally, but I do see it retesting the major up trend line. Most times when you have that long term of a trend they tend to hang around a bit before continuing or breaking.
EURUSD
- shadeslay replied Sep 29, 2008
Truthfully I only give validity to such patterns on the longer time frame charts. A 4h chart I would question, however, a 1 day chart or higher I would give solid look over. I've just seen to many of those pattern types fail on charts under 4h.
EURUSD
- shadeslay replied Sep 29, 2008
To tell the truth I'm not sure which ones do, I think oanda might, I just know there are a couple out there.
EURUSD
- shadeslay replied Sep 29, 2008
I would be looking for another bounce off the long term upward trendline. Where it goes from there I would say depends how euro reacts to all this mess, if we see more euro banks failing it's possible it could break that TL.
EURUSD
- shadeslay replied Sep 29, 2008
I would stick with a real account, just go with one with mini or micro lots. You can trade for as low as 1 cent a pip. But it's best to stick with one that involves real money to help get a handle on fear and greed emotions.
EURUSD
- shadeslay replied Sep 29, 2008
Happens to us all when we start out, greed and fear are powerful motivators. Discipline will come with time and practice. Best of luck with your next account.
EURUSD
- shadeslay replied Sep 29, 2008
Check out some of the money management threads. The goal is steady income and good money management will protect your money long enough to reach that objective most times. Granted you do need a decent trading strategy, but even a great strategy will ...
EURUSD
- shadeslay replied Sep 29, 2008
Ouch sorry, money management is the key to survival when trading. If you aren't a fundamental trader it's best to just avoid big news days.
EURUSD
- shadeslay replied Sep 29, 2008
This ones more meant for the institutions that helped get us here. video
Cesarnc's market talk, gossips, rumours & fun
- shadeslay replied Sep 29, 2008
You have to figure the euro banks are the next to feel this pain. And in the past in the the face of a global recession the US has been the safer bet.
EURUSD
- shadeslay replied Sep 29, 2008
Forex will be fine, you may see certain brokers go under, but the market itself will remain.
EURUSD
- shadeslay replied Sep 29, 2008
Watch cnbc if you can, I almost always watch it when I trade.
Cable Update (GBPUSD)
- shadeslay replied Sep 29, 2008
The 700 billion bailout vote failed to pass. From the numbers they have it's looking unlikely they will get it to pass. They are trying to get more votes right now so I would suspect a stand off for a bit, if it's clear it won't pass you can likely ...
Cable Update (GBPUSD)
- shadeslay replied Sep 15, 2008
I kind of like it when people analyze, they might bring to light something I might have missed. I don't trade though unless my system calls for trading. Never trade someones advice blindly.
EURUSD
- shadeslay replied Sep 21, 2007
I really don't see leverage as being a problem as long as you add it into you MM strategy. The problem comes when you don't or ignore your MM strategy.
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