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bagoomba replied May 19, 2009Jurrasic, watching your posts this morning I'm starting to think you just finished your coffee and are getting your kicks taking people to task. LOL Do you walk around the zoo with a stick and poke the animals too? I know I do. It's all good, bro.
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bagoomba replied May 19, 2009I think you're right. But they have access to information that I don't have, and play a very different and much riskier (IMHO) game than I.
EURUSD
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bagoomba replied May 19, 2009An example of what I'm talking about. Here's a chart from Friday. Market was trending down toward the bottom of the channel when there was a flurry of news. The fx reversed during the news, but once the news was over it started right back down.
EURUSD
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bagoomba replied May 19, 2009Charts... charts... charts... — 4HR chart still showing upward channel (although diff trajectory from yesterday). I got caught last night on the head-fakes that started to look like a channel down after the previous channel broke. But, still ...
EURUSD
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bagoomba replied May 19, 2009Bravo. IMHO, playing the news in Fx is a dangerous game. Even when the news does push prices, the market returns to its previous trend when its over.
EURUSD
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bagoomba replied May 18, 2009Reversal — My downward wedge turned out to be valid. It did, in fact reverse, but not as strong as I expected. I managed to take 104 pips away from someone, though
after my trailing stop took me out. It does look though a weak channel ...EURUSD
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bagoomba replied May 17, 2009Going Long — I've been watching this chart since the market opened Sunday night waiting for some sort of pattern to form. Finally saw a downward wedge form, which is a bullish pattern, that broke upward past the resistance. Helps that we're ...
EURUSD
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bagoomba replied May 14, 2009News Calendar — Happy, I use the THV Forex Factory market news indicator. The THV system is posted here on the site somewhere. Let me know if you can't find it.
EURUSD setups
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bagoomba replied May 14, 2009Try and fail... then succeed — First, take advantage of your demo account capability. IMHO there's no substitute for doing and learning. In general, I think you can make most systems work for you with enough dedication and practice. But you've ...
HELP - Information Overload
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bagoomba replied May 14, 2009Simple System — I'm a simple trader. I trade purely on patterns and chart analysis. I look for likely patterns to develop and trade when they mature. Today, I'm going short from 1.36470 with a profit target at 1.36000 based on a channel setup ...
EURUSD setups
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bagoomba replied Mar 24, 2009Indicators — Hoss, I see some lines I don't recognize on your example. You say "Waited for price to get near pivot/murrey in each instance". I'm going to reveal my ignorance, but what are you referring to as "pivot/murrey"? Thanks, I have ...
EUR/USD Scalp 1 min
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bagoomba replied Mar 7, 2009Doing the same... — Glad to hear that someone else is having success with this approach. I'm still trading a demo account, but have no trouble generating net profits of at least $100/day trading only 1 contract. I'm using MetaTrader4, but use ...
EUR/USD Scalp 1 min