This is a typical MACD (Moving Average Convergence Divergence). MACD is the result of the subtraction of 2 EMAs... Thanks, Nader

Moving average crossover alert!!

The values are hypothetical values off my head and they are supposed to represent a moving average values with time... Posting a chart will help for Idea 1, however it won't do any good for Idea 2... Attached is an example chart for Yahoo to clear ...

Very Simple Moving Average

Well, I don't keep a journal over here and usually nobody asks me about my trades...Actually I trade infrequently. My last trade was around 2 months ago...Anyway, if you want another chart, I would be glad to give you one that initiated my most ...

Follow the trend!

After all, we buy or sell prices not the indicators. Thanks, Nader

Call me stupid - Indicator discovery

IB (Interactive Brokers) do have forex futures with a good commission structure as well, although Trade Station is far better in charting & trading platform in general. Thanks, Nader

FX Futures broker

Luck usually dies when you trade for longer periods. If you don't believe me, go ask the guys in Las Vegas... Thanks, Nader

Poll: Is successful trading more dependent on skill than luck?

Excuse me, the key to success with any indicator is by using it in a different and creative way which makes sense of course...For example, for ages, traders use moving averages to generate signals when the price crosses the moving average to the ...

Very Simple Moving Average

This is a five minutes chart for the EUR/JPY...It is not my chart anyway, I got the chart from one of the posts just to prove that the trend can be caught without the help of any indicators Thanks, Nader

Follow the trend!

I would totally agree with you ONLY if you use every tool of those in a creative way that differs from the way other traders use them... Thanks, Nader

5 Must-know Concepts & Tools In Forex

I actually don't know the name of the movie, but I know that Tom Cruise made an exceptionally excellent movie about stocks & Wall Street, you can search for it... Thanks, Nader

Forex movies

If you allow me, there is a way to catch the trend without using the indicator for sure...I have attached the same image after adding some things on it.... The formation on the bottom is called a "Failure Swing" which is a very famous pattern at ...

Follow the trend!

I assume that this would be totally your call although personally I would risk 2% of my equity, so if I took a loss, then my equity is smaller & thus the 2% will be a smaller dollar amount on the next trade & so on... The other factor which you ...

How much do you risk per trade?

To better estimate the most probable fibo ratio where prices will stop at and reverse I think further analysis of the prior move should be done...For example a strong trend with increased momentum as measured by any momentum indicator like RSI or ...

Are Fibonacci levels overrated?

I believe that this is a general rule for Fibo levels, that if prices break the 61.8% level, they will most probably retrace the rest of the move, which is 100% of the move, however, there is 1 exception to this rule...This exception is major wave 1 ...

Are Fibonacci levels overrated?

You are talking about Artificial Intelligence man..I don't think this is easy to program, at least for non-programmers like us, unless you are a programmer yourself... Thanks, Nader

Automated optimization in MT4 EAs

Don't forget short sellers...It's not only a matter of inventory, it's a matter of short sellers backing off as well... Thanks, Nader

Gold Discussion

Higher demand & lower supply for gold cause the rally of course...It doesn't matter what was the reasons that made people buy, after all they bought & prices rose like that... According to my Elliot wave counting, the move from $603 started a wave 3 ...

Gold Discussion

MG Financial Group can be one of the brokers you are searching for except that GBP/USD & AUD/USD spreads are 5 pips not 2 or 3, but they offer you up to 1:400 leverage if you want & they do business with US residents... Thanks, Nader

Low spread and high leverage broker needed

It seems that the previously mentioned bottom zone of the $600-$610 was the real bottom. I was intending to go long at $604, but dummy me, I changed the price to $596 instead & of course I got nothing... Wrong call = Lost Profit Opportunity... ...

Gold Discussion

Ok, let me put the 2 instances where I experienced real "Ahaa..."... The moment I made my largest loss ever (This was several years ago in stocks) was an "Aha" moment...At this moment, I told myself, so this is how people really lose money in the ...

What Was Your "Ahaa!" Moment