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Forex can be easy!!!

  • #61
  • Sep 22, 2007 11:12am Sep 22, 2007 11:12am
I cannot figure out what exactly we're discussing about on this thread.
  • #62
  • Sep 22, 2007 11:27am Sep 22, 2007 11:27am
Quoting WTB
I cannot figure out what exactly we're discussing about on this thread.
Hope you don't mind if i resume it for you.

There are 3 subjects.

1- The first is about the thread original post, claiming that forex is about looking at the chart and selling tops and buying bottoms without anymore confusing analysis. Simply buy or sell on lows or peaks and leave the trade open without SL.

2- The second subject is about one replier that claim to be possible to make a good steady long term profit collecting interest on GBP/JPY, on a daily basis.

3- The third subject is about the MAs as a lagging indicator being important or useless for a sucessful trader, and if there are a change of importance depending on the chart formations, trendy or choppy.

Now you can give your three opinions if you want.
  • #63
  • Sep 22, 2007 11:39am Sep 22, 2007 11:39am
Ah, alright, cheers mate. Well yeah then, MAs are good for trading .)
  • #64
  • Sep 22, 2007 12:25pm Sep 22, 2007 12:25pm
Quoting altin2007
Forex is so easy, do not make it complicated. Forget about everything u know about forex, the technicals, news etc.
Look i tell u very easy rule.
If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time, just don't get too greedy meaning; on each trade set a goal like 20pip gain then get out, have decipline and do not setup stop loss ever!!! I am making btw 100 to 200 pips everyday with this simple rule.
Doesnt seem so easy!
Well whatever you say is not a strategy to win but a strategy to be overconfident for the time being and ultimately loose all the money...
The strategy is to take in to account technical analysis as well as news..
Chart reading plays the most important role in forex and remember history repeats itself...so whenever you study charts always look for the similar reactions and similar formations on charts in the pasts ....that will help you a lot!
Nothing in the world is easy if u dont have a plan ....
A plan with patience and greed free mind with careful stop loss and a studyful learning behaviour throughout your trading whether you are experienced for 1 year or whole of your life will help you be a successful trader in forex!
Just my opinion
Always for good
Feelhappy
  • #65
  • Edited 2:23pm Sep 22, 2007 1:08pm | Edited 2:23pm
Quoting johnedoe
first off.... I use WMA and SMA....... set WMA @ 5, and the SMA @ 7.
when MAs cross and price stays above/below I trade in direction of trend, use longer TFs to reduce the whipsaw.......

it is not so much the MA cross as it is which side of the MA the price is on as to the direction of your trades, this can be done just as easily by using only 1 MA also. when using only 1 MA a 10 period works quite well......trade the side of the MA the price is on.
Hello JD!
You should start a thread or journal with your method! Certainly
not to say that it doesn't fit here! Just think it would be great to
follow along with your method on its own thread.
Don't forget a good name: e.g. Super-Duper Guaranteed Zillion Pip-A-Day...

Brent

P.S. Haven't seen you over at LT's for awhile. Stop by sometime!

P.S.S. Here are your MA's on 30 Min. Nice tool to take a trade across
a session. C'mon, use a SL people! LOL
Attached Image (click to enlarge)
Click to Enlarge Name: jd30.gif Size: 35 KB
  • #66
  • Sep 22, 2007 2:08pm Sep 22, 2007 2:08pm
OKay ill tell you exactly what will happen... one day your moving averages will turn up and you go long suddenly the market turns down and since you dont got any stops you'll wait and since youve got so much confidence and the human error which is "greed" youll add on your lots because you think it will come back.... and if you think im wrong do this... for people who always trade on the direction of the market and dont have stoploss please post your trades here i would really love to watch
{Promotion Removed}
  • #67
  • Sep 22, 2007 2:33pm Sep 22, 2007 2:33pm
Who said anything about not having stops in place.....was'nt me however I think atlin2007 has a self destructive tendancy
Same Whore .... Different Dress
  • #68
  • Sep 22, 2007 2:37pm Sep 22, 2007 2:37pm
Quoting johnedoe
Who said anything about not having stops in place.....was'nt me
For sure! It was my 2 pips worth on thread sub-discussion 3a paragraph 12! LOL. How about the thread?
  • #69
  • Sep 22, 2007 2:44pm Sep 22, 2007 2:44pm
Quoting FXSurfer
For sure! It was my 2 pips worth on thread sub-discussion 3a paragraph 12! LOL. How about the thread?
you forgot to add the subsection 65......LOL

oh and I usually don't go below 1 hr TF....
Same Whore .... Different Dress
  • #70
  • Sep 22, 2007 3:35pm Sep 22, 2007 3:35pm
Quoting billbss
I trade a variation of this.
Every evening I place a buy order at tomorrow's low and a sell order at tomorrow's high. That gives me 100% winners. It's easy
Dang. Why didn't I think of that?

Now I can stop using stops too!
Is your SL my TP?
  • #71
  • Sep 29, 2007 6:48am Sep 29, 2007 6:48am
I Lost All My Money Yesterday, I Thought Forex Is Easy But Actually Is Not, I Tried, Forex Is Definetely Not For Me!!! I Just Wanted To Let Everybody Know This, Be Careful Everyone!!!
  • #72
  • Sep 29, 2007 7:23am Sep 29, 2007 7:23am
Quoting altin2007
I Lost All My Money Yesterday, I Thought Forex Is Easy But Actually Is Not, I Tried, Forex Is Definetely Not For Me!!! I Just Wanted To Let Everybody Know This, Be Careful Everyone!!!
Quoting altin2007
Forex is so easy, do not make it complicated. Forget about everything u know about forex, the technicals, news etc.
Look i tell u very easy rule.
If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time, just don't get too greedy meaning; on each trade set a goal like 20pip gain then get out, have decipline and do not setup stop loss ever!!! I am making btw 100 to 200 pips everyday with this simple rule.
Sorry to hear that. What went wrong? Maybe someone else can learn from your mistakes.
  • #73
  • Sep 29, 2007 8:05am Sep 29, 2007 8:05am
Quoting philmcgrew
Sorry to hear that. What went wrong? Maybe someone else can learn from your mistakes.
Please read the first posting, he started this topic. The problem: NO SL.

But I'm also sorry to hear that!

Regards - Xaron
  • #74
  • Sep 29, 2007 8:13am Sep 29, 2007 8:13am
Quoting altin2007
I Lost All My Money Yesterday, I Thought Forex Is Easy But Actually Is Not, I Tried, Forex Is Definetely Not For Me!!! I Just Wanted To Let Everybody Know This, Be Careful Everyone!!!
Well, it didn't took so long at all. What went wrong?

PS: Writing Every Damn Word With A Capital Makes My Eyes Bleeding
  • #75
  • Sep 29, 2007 9:19am Sep 29, 2007 9:19am
Quoting altin2007
I Lost All My Money Yesterday, I Thought Forex Is Easy But Actually Is Not, I Tried, Forex Is Definetely Not For Me!!! I Just Wanted To Let Everybody Know This, Be Careful Everyone!!!
Appreciate your honesty. You could have gone on saying you were making 38% weekly or some other crazy outrageous amount like some others claim. People like to hide behind the anonymity of the internet. Good for you.

Hang around Forex Factory, read a couple of books, get a trading mentor but most of all take your time and learn as much as you can before taking another shot at forex. If it is meant to be it will happen for you someday.
  • #76
  • Sep 29, 2007 9:31am Sep 29, 2007 9:31am
Quoting altin2007
I Lost All My Money Yesterday, I Thought Forex Is Easy But Actually Is Not, I Tried, Forex Is Definetely Not For Me!!! I Just Wanted To Let Everybody Know This, Be Careful Everyone!!!
Sorry you lost your money... Forex is not easy, most people lose their money so don't feel too bad. It's much better to be honest about it, if forex isn't for you, its best to get out as it has a steep learning curve and takes a long time to learn.
  • #77
  • Sep 29, 2007 9:58am Sep 29, 2007 9:58am
Not to make fun of you, but I wonder how can anyone think that Forex is esay. If it was easy, wouldnt everyone and their mother be millionaire already?
  • #78
  • Sep 29, 2007 10:01am Sep 29, 2007 10:01am
Sorry to hear of your loss, do some more reading and demo trade for a while......also use stops....not using stops is like running with scissors, eventually your gonna fall on them.
Same Whore .... Different Dress
  • #79
  • Sep 29, 2007 10:05am Sep 29, 2007 10:05am
Quoting SunTrader
Appreciate your honesty. You could have gone on saying you were making 38% weekly or some other crazy outrageous amount like some others claim. People like to hide behind the anonymity of the internet. Good for you.
LOL I totally agree! In my own case when I post what are
probably taken as "negative" experiences, I can't help but think
that it's not what people want to hear! But, more honesty would
help promote the conservative, step-by-step approach needed
for success. Also: Thread titles could probably do without wording
such as "easy", "guaranteed" etc.
  • #80
  • Sep 29, 2007 10:45am Sep 29, 2007 10:45am
As it has been said a million times.

Forex can be simple, but never easy.
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