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I'll try to shorten your learning curve a bit here. If you want to simplify technical analysis as much as you can, you could put it this way: There are two types of movements: trading ranges and trends. And two types of indicators: trend following (like moving averages) and contrarian (like the...

I appreciate your posts. Of the 37 books on trading I read, I find some of the most useful are Getting Started in Technical Analysis by Jack Schwager and Forex Patterns and Probabilities by Ed Ponsi. If you're rushed for time, you could just read Ed Ponsi's book. I know lots of people have...

I've heard numerous times on Bloomberg that people expect the euro to go up short term then go lower longer term. What if you imagine the worst case scenario? What if Greece burns through all the money that's given to them and see no choice but to default? Do they allow Greece to exit the...

I appreciate the fact you are posting opinions here. Anyway, what do you think of this? They said earlier on Bloomberg that traders were skeptical that Greece would ask the EU for aid now because they sold more bonds than anticipated. This does not make sense to me because the loan...

I can actually give away a method that DID make profits when I backtested it but of course failed miserably when I tried to trade it with real money with live streaming prices. Fortunately, those were small amounts of money. Anyway, last year in March, 2009, I backtested a 6 EMA and 14 EMA...

lol, I just read there might be a possible solution for Euro countries: http://www.bloomberg.com/apps/news?pid=20601087&sid=a5Iiu3mIa2lE&pos=3 "every member state may have to give up some sovereignty on their public finances.” I wonder if it would get to that point.

Well, after reading books on trade setups using technical analysis, I find it real difficult to try to add fundamental analysis into the mix because that's not my specialty. But, this is partly because in the last few weeks, we've had news going in every direction on the Eurozone and making it...

In the end I only took a 7 pip loss. I'm now looking again at the EUR/USD. :) I'm actually relieved I had a sell signal to get out.

I would expect this to be bullish short term for the euro but not long term. Luckily, I only went long with 0.1 micro lot because I "didn't want to miss a move". Had I seen the kinds of setups I'm looking for, I would have gone with a larger amount. If you want to read something funny, I...

They've already announced Greece will only get a bailout if they need it. That means the situation could get way worse before they give Greece any money. So, this means before the end of May, 2010, we may see a situation where Greece finally says they need immediate help, not just word they'll...

I don't know if anyone is willing to answer any doofus questions but if you buy a currency futures contract, is it still 24 hours a day? Do you have to exit positions from London or other overseas exchanges if you're in North America and it's 2AM? If you need an international broker, is...

I found moving average crossover systems are way too slow. And slow stochastics is way too fast. I ended up finding ways to use price level and moving averages together. And I can vary the price levels if you will to speed up or slow down the signals. You can also try looking at different...

FXOpen has micro lot accounts. All you have to do is enter 10 if you want a mini lot. Come to think of it, if you have a micro lot account, you could choose 12 micro lots for example and trade 1.2 mini lots if you want way more accuracy in your money management. They require bank wire which...

Do you find the EUR/JPY chaotic compared to the EUR/USD? I tried numerous methods on the EUR/JPY and just found it difficult. Of course, I did alter my method significantly lately but still, I find the EUR/USD has smoother movements.

We've seen periods of volatility in 1999 when prices were sky-high and when price were very low in 2009. This happened during a bubble and during a bust. So, I believe high volatility is usually associated with either very expensive or very cheap prices.

Looks to me like even the 4 hour trendline is broken now. But, I don't easilly trust Sunday moves so we'll see what happens.

lol, I shorted before going to bed and woke up to a nice surprise. My first bigger profit since I finally changed my exit strategy. I used to use fixed profit targets and fixed stops and it caused a lot of temporarily profitable trades to end up as losses. Now I started exiting when the price...

I don't want to annoy people with my endless stories that I've tried to developed a method for 18 months and it didn't work. But, I updated one thread with a new method and noticed people were still responding to the first message. So, I'll say it here and in a clearer way to hopefully help...

Well, the reason I prefer demo account contests is because it allows you to test new ideas you have in a more aggressive way. In a trading contest, you're more likely to "push yourself" more. While in a trading contest with real money, then you have to sort of restrain yourself and go with...

Well, if you really want to discuss, do you believe Greek bond prices are going to determine whether we get another recession or not? I just saw an interview with Ken Fisher saying the Greek situation wasn't that bad (of course, I saw that right after I posted a message in the economics forum...