I just posted a GU chart where every major move was a fib retracement (many to the PIP)...for the last 21 years!!! 1 PIP = .0001 1 PIP = One Ten Thousandths 1 PIP = Fractions of Fractions of a Penny It takes 166 PIPS to = 1% move (On G/U) Trading is ...

Why Fibonacci Retracements are Bullocks

Bullocks INDEED..LOL GU Chart......21 years

Why Fibonacci Retracements are Bullocks

Would like to thank you Ronald Raygun for all your work on this EA. I have been able to get it to work due to studying the rules/commands many times. The one thing I see is it doesn't reset each day. Currently I have EU with both long and short ...

Generic Breakout Version 7 [TD]

I would have to agree with ForexZen. You have to have a proven edge, and know how to "exploit" it to achieve profits in FX. Developing a system of cherry picking times, indicators, candles or situations at which to "exploit the FX market for profits ...

trend reversals when US market opens?

I agree with some postings here. But, to the original poster, it is important to understand the market you are trading. Asking WHY, is a very good thing. Too many never ask that question to themselves. In the 7+ years trading FX, I think I have seen ...

Why does price make a pullback after a break?

I believe the days of U.S gold backed currency are long gone. Here are just a few facts to share with your friends: U.S. Debt $46,138.32 per SECOND $2,678,299.20 Per MINUTE Debt by president---------Note: Terms vary by president Nixon: 34% increase ...

World bank rumour: Gold/Silver as money again