Recent content by lindec

That helps A TON! I just plotted out my winning/losing trades with my usual indicators and also added the RSI, and low and behold, just like you said, with <b>almost every losing trade</b> I had, regardless of whether it was long or short, the RSI was solidly overbought or oversold. And, with...

I think you can use the bollinger bands either way, depending on your trading style. From wikipedia: <i>"The use of Bollinger Bands varies wildly among traders. Some traders buy when price touches the lower Bollinger Band and exit when price touches the moving average in the center of the...

Thanks for your reply. I understand there is no magic bullet and I wasn't trying to go that far. Right now, when I trigger my strategy in a manner that is following the overall trend of the currency in the larger time frame (i.e. currency is for the most part going down that day or over the past...

Hi all, I've been working with a very simple strategy (pretty much the Rockwell strategy): Plot MACD and Bollinger (10,2). Wait for bullish divergence, positive MACD histogram and for the price to break the upper bollinger band, then go long. Reverse for going short. T/P @ 20 pips, S/L @ 15...

Hi cabletrader, thank you for the response! What I don't understand is when I look at the reviews of Forex sites online, literally every single one has half the reviews sayings its a scam and half saying its fine. The most common thing I see is people claiming their brokers are stop-hunting...

Hello all, I have another question for the board. I asked something like it in the "Forex brokers" section but didn't get much of answer, so I will try here. I am looking to get with a broker who isn't going to screw me or do all the horrendous things that you read about guys like Forex.com...

So looking around other forex forums, I'm seeing Forex.com is a big no-no? Is this true or have I just seen the rants of a few disgruntled people? I'm also checking out IBFX right now and I'm really like the MT4 platform. Is IBFX any good either?

Hey all! First off, thank you all for the excellent advice in my previous (first) post. I haven't made a live trade in a few weeks lately, just been working on my practice account and testing some strategies. I've finally found a combination that I'm having a little bit of luck with and wanted...

I was wondering about the Bollinger bands too, but I can't seem to figure out exactly what they're telling you and how exactly to use them. Can anyone explain it to me or point me in the right direction?

Thanks for all the awesome advice guys. There's a lot of good tidbits in this thread. Also, didn't mean to start a fundamental vs technical analysis flamewar here haha. I've been trading stocks for awhile, and I've dabbled in options. But what I like about Forex thusfar is that even when the...

Thanks watchdaride. How consistently should I be expecting to make profitable trades once I reach the "expert" level of forex trading? Should 85% of my trades be profitable? 60%?