FXCM Dailyfx commentary as contrarian Indicator?? | Page 2 | Forex Factory

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FXCM Dailyfx commentary as contrarian Indicator??

  • #21
  • Jun 11, 2007 12:59am Jun 11, 2007 12:59am
Newstrader i agree with you on that on Dollar strength. But the major problem FED is facing is housing. Only a couple of indicators printed good last week and Ben bernanke's speech was the cause of the dollar strength. Maybe FED wants a stronger Dollar. Maybe.. But as i see this the EUR may go down a bit but should be back in the 1.36s soon.

By the way Dailyfx has predicted a major top in Eur/JPY & DJIU. BEWARE
  • #22
  • Jun 11, 2007 2:15am Jun 11, 2007 2:15am
Quoting Tiki Trader
Sorry but I think I must agree with the person who started this thread... and I specifically mean FXCM... !!! Over time I came to believe that they intentionally try to steer people to losing trades. FXCM seems actually to go out of their way to do this. It did not take long to realise this... and stop reading their stuff...

And by the way, amazing how as soon as I got out of FXCM as my broker, my trading magically improved !!!!

FXCM are the biggest scammers out there !!!

Wow......well said.....99% correct
  • #23
  • Jun 11, 2007 2:21am Jun 11, 2007 2:21am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting Breeze
Wow......well said.....99% correct
100% correct.

thanks
All things are difficult before they are easy.
  • #24
  • Jun 11, 2007 2:31am Jun 11, 2007 2:31am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting Tiki Trader
Sorry but I think I must agree with the person who started this thread... and I specifically mean FXCM... !!! Over time I came to believe that they intentionally try to steer people to losing trades. FXCM seems actually to go out of their way to do this. It did not take long to realise this... and stop reading their stuff...

And by the way, amazing how as soon as I got out of FXCM as my broker, my trading magically improved !!!!

FXCM are the biggest scammers out there !!!
Thank you very much for posting this and letting people know about FXCM.
As soon as I got out of FXCM as my broker, my trading magically improved and I recovered my funds.

thanks again.
All things are difficult before they are easy.
  • #25
  • Jun 11, 2007 2:39am Jun 11, 2007 2:39am
The quality of gossip that dribbles out of their machines on to ours is worthy of nobody. How about those lines that go like this "Large investor lined up to buy at x.123" ?? Don't even allow it onto your screen - it is nothing except bait to the uninitiated. Just my couple of blips......
  • #26
  • Jun 11, 2007 2:40am Jun 11, 2007 2:40am
Quoting vrama
100% correct.

thanks
check this out......!!!!!


http://www.forex-tsd.com/general-dis...s-trading.html
  • #27
  • Jun 11, 2007 3:09am Jun 11, 2007 3:09am
Any dealer might be a source of two different and usefull kinds of info: back office positioning and big guys stops levels. If a trader has an access to both of them on a regular basis then trading usually becomes easier. Market analysts employed by dealers usually suck and are good only in large quantaties representing a crowd of opinionated individuals when their general sentiment can indeed be used as a contrarian indicator.
  • #28
  • Jun 11, 2007 12:01pm Jun 11, 2007 12:01pm
Igrok well said. Do you know any reliable source which has stops and S/R levels which are used by institutional level investors. Basically order board information. I always reckon that it is easy to bark with the big dogs.
Oanda have their open order positioning
  • #29
  • Jun 11, 2007 12:22pm Jun 11, 2007 12:22pm
Quoting vrama
Thank you very much for posting this and letting people know about FXCM.
As soon as I got out of FXCM as my broker, my trading magically improved and I recovered my funds.

thanks again.
I use FXCM and I have had good and bad trades alike. One thing to mention is that its not FXCM thats killing your trades. Lesson one is that you should use an unbiased news source. Lesson two is that you are in this market because you know the business, don't be in this if you're going to listen to other people tell you where its going. Thats how everyone in this market gets killed. It's positioned to be so easy and so profitable, but you have to know your stuff. Read blogs, news, learn economic data and what it means... you have to follow the market daily otherwise you'll get burned everytime.

I've been there done that... for 3 years. I've survived. Be careful and don't overleverage yourself. Take your losses and get over them. Don't chase them. I hope this helps.

For what its worth, FXCM is a broker and gives you easy access to the market. Thats all it should be. Do your research.. Theres tons of it.

Take care!
Alex Kazmarck
http://spoteuro.blogspot.com
  • #30
  • Jun 11, 2007 8:20pm Jun 11, 2007 8:20pm
Quoting alexkazmarck
For what its worth, FXCM is a broker and gives you easy access to the market. Thats all it should be. Do your research.. Theres tons of it.

Take care!
Alex Kazmarck
http://spoteuro.blogspot.com
Good post alex..FXCM news and analysis is just one more bit in the ever-evolving puzzle...
  • #31
  • Last Post: Jun 11, 2007 10:13pm Jun 11, 2007 10:13pm
Quote
alexkazmarck

For what its worth, FXCM is a broker and gives you easy access to the market. Thats all it should be.


Much truth here. Use the broker for their intended purpose. Blindly following their trade suggestions is a bit like leaving a goat to tend the garden.
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