Thanks TEB, i think i got it now, will be looking for 123 formations in line with the long term trend, should be interesting... Seems like a reasonable system, for now

World's Simplest System

Take a look at my EUR/USD analysis according to 200 EMA + 1,2,3 system. Is my analysis in line with yours? P.S also posting a second version of the same formation, using different high/low.. Which one is it? Or both correct? P.S.S Just noticed that ...

World's Simplest System

i was talking about a different chart m8, lol, sorry for the confusion

World's Simplest System

Hey Teb, this is a confusing exaple to me, your 100-0 tool seems to be drawn rather strangely, no particular high/low.. Can you please explain? Best regards, Vlad

World's Simplest System

That's exatly what i was thinking, what's the method to this madness so to speak, how do you draw those % levels, how do you decide when and where to put them? Some explanation behind the reasoning would be nice..

World's Simplest System

Hello reader, sorry for such a late post, i was so busy trading yesterday, i didn't even have time to eat, let alone post a lengthy discourse. First things first, UK GDP, it came out higher and as you can see from the charts, initial spike was about ...

Zek's Thoughts / Trades / Market Analysis

the point i was trying to make is that news trading is a solid system, which works, and which will always work, due to market mechanics. It might not be the was most traders trade, but it makes money, and it's solid, unlike draw line here, RSI cross ...

My personal experience - Lost 5,000 USD in 4 months Forex. Please advice.

Read this post again.... and again, and again... P.S If you are looking for an edge, look at news trading, when news trading you are exploiting a market inefficiency, it takes time for new information to be reflected in the price. The down side is, ...

My personal experience - Lost 5,000 USD in 4 months Forex. Please advice.

Another day, another dollar... hopefully! One thing i just noticed looking at the charts, Dollar weakened strongly (about 100 pips on eur/usd) on a day of both surprise cuts... somebody must have had insider info, oh how i envy them You might ...

Zek's Thoughts / Trades / Market Analysis

Whew, what a rollercoster! Here i was, preparing for the Cad trades, setting up my limit orders (which takes up most of my screen space) and BAM, just 10 minutes before a scheduled release time, my speakers crackle and it happens: "US cutting rates ...

Zek's Thoughts / Trades / Market Analysis

So anyway, first releases for today are the Cad retail sale + Interest Statement. Retail sales expected at 0.4% m/m, which is a healthy number, considering how bad UK and US did during the same period. Both countries having had a negative month. ...

Zek's Thoughts / Trades / Market Analysis

Rumors of a coordinated rate cut hit the market... <---

What cause the big move 20min ago?

Rumors of a coordinated rate cut hit the market...

What cause the big move 20min ago?

yes, it has happened to quite a few pople before.

Broker Confiscated Profits?

I would say simply avoid Hedging. If you know when the market will reverse and that's the point when you close one side of you positions, waiting for the loss on the other to subside, why don't you just go short and make even more profit? lol ...

Buy and sell at the same time/Hedging

The missing 2 pips are most likely eaten up by the spread...

15 pip trigger system - I've "got it" too

Haha, quite a funny little system. Is anyone testing it live yet?

PowerTrade Live EA/Cash Grabber/Trendtrader

looks like the report has be rescheduled for tomorrow

RICS House Price Balance

those were not really big deviations, so there was no surprises, hence there was little or no reactiong to the fundumentals...

Contradiction between Fundamental & Technical analysis??!