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the redlion replied Apr 14, 2011i've got some questions why did you choose SMA 21 and SMA 56? whats the reason behind it? why so rigid? 21 periods of 5 minutes is 1.75 hrs? why do you want the average price of that? (56)(5)/60= 4.66666 hours again why? and moving averages is just ...
My simple SMA system
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the redlion replied Apr 13, 2011ive been trading for 3 months or so and i was looking for knowledge i tried everything. i was thirsty for knowledge and i found it in you thank you i trade profitable thanks to you. i look at the big picture, i move quick and im nimble, i minimize ...
Technical Analysis Fallacy
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the redlion replied Apr 13, 2011cant be done using a robot. and it cant be done systematically, it takes patience. feeling the rhythm of the market. reading fundamental analysis news. being aware of Central Bank statements. correlating pairs. using the dollar index. and as of ...
How to survive in forex? Help please!
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the redlion replied Apr 12, 2011my take on it, i believe is all relative. a % return means nothing. i'll give you an example with my self. i have made small increments on my "working capital" as i call it. i started with 1000 usd to learn to trade. granted im very smart and quick ...
What is your weekly return?
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the redlion replied Apr 12, 2011good opportunities, now, discount oil discount, gold time to buy. euro strengthen and i made great pips gbp is lagging but i will watch for positive correlation to upside so far the dollar continues unsure. but as FTI said be nimble. sorry if i ...
Technical Analysis Fallacy
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the redlion replied Apr 12, 2011with that way of thinking success will be hard no one can give you all the answers. research , look it up i dont know of any. create your own. for the Yuan for example examine the crosses and look at the direction of movement. formulate a bias, ...
newbie questions on daily pivot points
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the redlion replied Apr 12, 2011this is side track convo her but i really want you to re consider your thoughts. ponder on this. why was government created? was it not to protect our property, intellectual, physical and economic? when we are born, you are mistaken, we have NO ...
What's with the US dollar?!
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the redlion replied Apr 12, 2011answer me some questions. when you are born. what kind of GOD given rights do you have? suppose i said you dont have the right to speak until spoken to. you will obay or i will chop off a limb. (freedom or the right to speak is now gone) if we were ...
What's with the US dollar?!
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the redlion replied Apr 12, 2011it would appreciate according to free market. no more manipulation and unfair advantages in exports.
What's with the US dollar?!
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the redlion replied Apr 12, 2011very true custos. Humans are have no rights, are animals nothing special. what sets us appart is our superior intellect, we have no strength, sight, speed, superior hearing or olfactory senses, so we use our brain to dominate the world. and we use ...
What's with the US dollar?!
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the redlion replied Apr 12, 2011says who? rigidity kills, 1.45 too overbought now it MUST come down. hahahahaha give me a break. price MUST do NOTHING. if the chinese, arabs and Asian economies keep buying Euros, you will see the foot prints on the charts if the FED continue ...
Technical Analysis Fallacy
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the redlion replied Apr 12, 2011I think either our politicians are incredibly smart or incredibly stupid if they are smart. this is what we are REALLY doing. purposely devaluing our currency, because we are at war with China. we have told them countless times to play nice and be ...
What's with the US dollar?!
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the redlion replied Apr 12, 2011i think a fair system should be a fixed tax rate. every one to pay lets say 15% rich or poor cut entitlements for public workers, for the poor government to work within their means, no deficit spending if possible, before any big projects like war, ...
What's with the US dollar?!
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the redlion replied Apr 12, 2011my risk management is the wave of attacks minimal initial, no stop loss. look and feel the rhythm of the market, using fundamental analysis gdp, CB anouncements, interest rates, usdx etc i find direction. if price moves against i will rescue by ...
How to survive in forex? Help please!
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the redlion replied Apr 12, 2011i no longer use indicators candle formations or patterns no stop losses no profit target feel the rythm of price, never lose a pip if in the right direction but ill timed, take the punches and rescue if in the wrong direction hedge. compounding ...
EURUSD
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the redlion replied Apr 12, 2011I dont trade time frames i trade the movement of price theyre all the same 15 min= 15 i minute candles 1hr = 60 one minute candles 4h = 240 one minute candles and so on i try to catch the movement and i base my self on the USD and fundamentals as ...
EURUSD
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the redlion replied Apr 11, 2011didnt even know they existed but no. lol i've always named my video game characters that since i can remember im 25 now and i remember my first video game at 8 or so and i have always named my main dude "Red Lion"
EURUSD
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the redlion replied Apr 11, 2011right no one is sure. but 1 still an uptrend for the euro 2 still dollar weakness the dollar caught a breather today after aversion of shut down but the demand was minimal, commodities and oil price retraced a bit today. also stocks were down ,many ...
EURUSD
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the redlion replied Apr 11, 2011initiated short position on the EURO for now, as price seems to be moving down and the USD seems to be strengthening across the board after a big fall last weak. will watch my positions carefully to not get caught in a bear trap.
EURUSD