Hey PT, Did you do ok on the short from 116.37 area yesterday? I'm scalping longs from 115.10 area to 115.25ish..... If it Tests the low again, maybe a nice divergence.....

USD/JPY Discussion

QT, Walk away.....leave the money in your account if you choose to, yet walk away for awhile.....don't study, don't look at charts, don't "check" the spot prices....FORGET about trading and Fx for how ever long it takes you to clear your head. ...

The Biggest Challenge: What will YOU do?

Sorry for update delay — Hi all, For those who had emailed me via direction and practice of a daily counter trend type scalp, and what a "possible" set up might look like.....I hope this trade helped in some small way. I hope I answered your ...

USD/JPY Discussion

PROFIT TARGET hit at 557pm edt at 116.15 Apologies....558pm target was hit.....

USD/JPY Discussion

Here we go...after 5pm!! Moving my S/L to a manuel trailing stop set at 116.32 +5 pips locked

USD/JPY Discussion

Yep, for me the 15min and twizzers at resistence.....doubt it will go South much b4 5PM NY Time due to rolls...... I'm ready for a bit of turbulance! Just not to much!!! Good Luck

USD/JPY Discussion

Going short here at 116.37 on a scalp looking for 116.15

USD/JPY Discussion

Hi rosso.... Have to see where the day ends still.....yet for me, I'll stay on the side lines...only because it has not met my criteria of crossing from 80/20. Looks in a range.....I am a short term/scalper/day trader though......for me to take a ...

FOZZY Method CROSSES

Hi Moneypip.... The conundrum is, that T/A doesn't always work....ever. It is a great tool for sure, and I am a T/A trader myself. Though the thing to remember, and what you might have just learned. KNOWLEDGE in KNOWING that a large option at 116 ...

USD/JPY Discussion

Eur/Usd Daily — Hey all.... Here is another eur/usd fozzy trade from end of Aug07. Some may be noticing a trend here for me. I prefer to look for trades when an 8/8 has touched or breached an 80 OB zone or a 20 OS zone, usually out of my Bol ...

Fozzy-style trading techniques

Hey Ricardo, My opinion, if it helps you choose a broker.....I'd go with Oanda, if for no other reasons than the spreads. I use them as one of mine.....it seems you are not going to trade news, from what I can tell.....so the spreads at news ...

Directions please? :what ive been doing

Damn Guy, You ask a RANDOM Question, and someone takes the time to attempt to give you some "ballpark" numbers......and you spit in his face!!! Me thinks you'd make a great offshore "broker" with that attitude....you just want that SPREAD! If you ...

How much does Forex trading dealer business cost?

eur/usd Daily — Here is a daily chart I used soon after learning this strategy. Even though you may notice 4 entry points, I count this as one trade. 1st notice the (X)...RSI is OS...I prefer 80/20....next comes a reversal day, than a doji. ...

Fozzy-style trading techniques

Hi Happy... Fundies is short for Market Fundamentals...ie, Economics Visit the News section here and also the Calendar pages. On the Calendar page, to the far right of an announcement....you will notice a small box, click on that and a pop up window ...

Directions please? :what ive been doing

Hi Happy... Contradictory???? I'm not really sure if I am one to answer that question. While I did not look up the difference in meaning, if any, between a plan and a system....you may what to try to answer that in your learning process. Now, do I ...

Directions please? :what ive been doing

Hi Happy.... I agree with much of what WTB stated to you. Also, I think you learned quite a bit about trading from reading this post I am replying to. 1. You took trades out of boredom ( for the sake of trading ) 2. You now know that trading ...

Directions please? :what ive been doing

Fozzy - Friday News 8/31 — OK.. Here is the 15 minute Fozzy that I use, and how it would have looked on my chart. THIS IS FOR EDUCATIONAL PURPOSES ONLY....I did not trade this....I did attempt, in the space available, to add what my thoughts ...

Fozzy-style trading techniques

15min Scalp Fozzy/closeup — Hi all... Hope this enlargement is a bit clearer.... You'll notice that I have white X's in the RSI box....I mark this area when the 8/8 hits OB/OS and keeps me alert for a crossover. Also note that price did come ...

Fozzy-style trading techniques

15 min Fozzy scalp — Hi All, Here is a 15 min scalp. Please note...my RSI is set for 80/20 vs the 70/30.... ALSO note....when I went flat...I missed a great scalp for a long!!!

Fozzy-style trading techniques

Test Screen shot — Thx for the help BB... Going to post this "shot" as a test, see how it works out live...Than I'll edit my thoughts. EDIT: Here is the chart I spoke of in Post #9. While I KNOW the fozzy is a DAILY method, I have also found ...

Fozzy-style trading techniques