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Knowledge is Power

  • #721
  • Jul 17, 2008 4:47am Jul 17, 2008 4:47am
http://www.actionforex.com/action-in...2008071753160/


Bruce
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  • #722
  • Jul 17, 2008 4:49am Jul 17, 2008 4:49am
Quoting Rialto
Ready.
How Much Is In Your Demo Account ?

Bruce
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  • #723
  • Jul 17, 2008 5:04am Jul 17, 2008 5:04am
Please post here who you have a Demo Account with and how much funds are in the Demo Account.

I would like to start suggesting actual FX trades so you can become familiar with all of my FX trading strategies.

I look forward to start teaching with actual FX trades in real time.

Let's Do It !!!


Bruce
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  • #724
  • Jul 17, 2008 5:25am Jul 17, 2008 5:25am
http://www.actionforex.com/action-in...2008071753169/


Bruce
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  • #725
  • Jul 17, 2008 5:25am Jul 17, 2008 5:25am
Quoting Warren Forex
I am off for breakfast getting ready for today. New Jobless claims at 8:30 AM and some BIG Banks reporting could set the tone for today.

JP Morgan and Merrill Lynch !

Questions ? Comments ? Observations ?

Are you ready to Demo Trade as Yet ?


Bruce

My Account balance is Up to $122,073.90 US Dollars.
Bruce, I have had a demo account with CMSFX for a couple months. I opened a new one yesterday that has 50K.

Tim
  • #726
  • Jul 17, 2008 5:26am Jul 17, 2008 5:26am
http://www.actionforex.com/technical...-200603205734/


Bruce
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  • #727
  • Jul 17, 2008 5:30am Jul 17, 2008 5:30am
Another tool for your arsenal Bruce:

http://www.mataf.net/en/forex/tradin...ints/standard/

cheers
  • #728
  • Jul 17, 2008 5:30am Jul 17, 2008 5:30am
PHP Code
[color="Blue"]Please post here who you have a Demo Account with and how much funds are in the Demo Account. 

I would like to start suggesting actual FX trades so you can become familiar with all of my FX trading strategies.

I look forward to start teaching with actual FX trades in real time.

Let's Do It !!!


Bruce[/color]
Hi bruce,

I have a demo account with fxcm for 50,000.
  • #729
  • Jul 17, 2008 5:30am Jul 17, 2008 5:30am
Quoting swiftpip
Bruce, I have had a demo account with CMSFX for a couple months. I opened a new one yesterday that has 50K.

Tim

You can trade up to 10 positions of 100K of any FX Currency !

Use 25 PIPS Stop Loss !

The Key is Good Entry. No point to enter a trade now. New Jobless Claims at 8:30 AM and Housing Data and JP Morgan earnings

Maybe a Short Now ?

One Position !
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  • #730
  • Jul 17, 2008 5:33am Jul 17, 2008 5:33am
Hi Bruce ,
I still haven't understood the correlation between OIL and Dollar.
If OIL is going up doesn't this mean that people are exchanging a currency for Dollar so they can buy OIL?
  • #731
  • Jul 17, 2008 5:33am Jul 17, 2008 5:33am
Caused a Jump from 105.15 to 105.40

I would short one position of 100K with a Stop 20 PIPS above. When you have at least 10 PIPS profit put your Stop to LOCK in 5 PIPS profit and every 10 PIPS down move your Stop 10 PIPS down !


Bruce
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  • #732
  • Jul 17, 2008 5:37am Jul 17, 2008 5:37am
Quoting Tarquin
Hi Bruce ,
I still haven't understood the correlation between OIL and Dollar.
If OIL is going up doesn't this mean that people are exchanging a currency for Dollar so they can buy OIL?
When Oil goes up it is bad for the economy. It probably sends the Dow down. That means stocks turn into cash and US Dollars are sold to buy back borrowed Yen used to buy Dow !

Short Form Explanation !


Bruce
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  • #733
  • Jul 17, 2008 5:39am Jul 17, 2008 5:39am
Quoting Warren Forex
Caused a Jump from 105.15 to 105.40

I would short one position of 100K with a Stop 20 PIPS above. When you have at least 10 PIPS profit put your Stop to LOCK in 5 PIPS profit and every 10 PIPS down move your Stop 10 PIPS down !


Bruce

Look For Resistance ! I think it is at 105.60

I shorted early at 105.41 and will short again at 105.51 now

I have NOT entered a Stop but Will watch if it breaks 105.60

Bruce
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  • #734
  • Jul 17, 2008 5:42am Jul 17, 2008 5:42am
No Fundamental Change ! Perception is EVERYTHING is GREAT !!!

Not the Facts !

Watch New Jobless Claims and Building Permits and Philly Fed !!!

Bruce
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  • #735
  • Jul 17, 2008 5:44am Jul 17, 2008 5:44am
Quoting Warren Forex
When Oil goes up it is bad for the economy. It probably sends the Dow down. That means stocks turn into cash and US Dollars are sold to buy back borrowed Yen used to buy Dow !

Short Form Explanation !


Bruce
Ok, tx.
  • #736
  • Jul 17, 2008 5:46am Jul 17, 2008 5:46am
I use One Minute and Five Minute Charts for Intraday Trading like now !

I use Bollinger Bands, Expodential Moving Average, Parabolic Sar, MACD and RSI with CCI

I use the Top or Bottom of the Bollinger Bands for Entry. I watch crossing on MACD and RSI with CCI.

Any Questions or comments ?


Bruce
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  • #737
  • Jul 17, 2008 5:46am Jul 17, 2008 5:46am
ok im ready ..... oanda demo at $112,000
fxsol demo $100,000

i also have a live account as ive been trading live for 10 months but no worries , i wont risk my money unless it coincides with my own reasons and method.

the demo's will be for your project ..

READY !!!

  • #738
  • Jul 17, 2008 5:52am Jul 17, 2008 5:52am
Short at 105.50
  • #739
  • Jul 17, 2008 5:55am Jul 17, 2008 5:55am
Here we have JP Morgan coming out early with results. The results are terrible however they beat the CONSENSUS of the Guessperts ! So What ?

However it does move markets short term and may even change the chart pattern which then makes it more insane. When reality again hits home things reverse.

Another thing !

I often take profits of 5 or 6 PIPS in situations like this and in the space of one hour I can do it 5 or 6 times rather than wait for a bigger move.

It could BREAK 105.60 then Stops will be Tripped ! Wait until that happens and then Short it at the point it starts to reverse. Also the main FX trades are not in as yet !

Any comments or questions ?


Bruce
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  • #740
  • Jul 17, 2008 5:59am Jul 17, 2008 5:59am
Quoting Tarquin
Short at 105.50
Put Your Stop at 105.70 ! If You get Stopped Out then wait until it settles and get in again at a better price. We are only trading a few positions now since New News out between 8:30 AM and 10:00 AM

Watch the Price of EUR/USD. If it goes UP it helps USD/JPY go down.


Bruce
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