Anyone traders in the Twin Cities want to form a group or set up a live chat to share ideas?
JPY Group - Best Group to Trade 58 replies
MIDAS Indicator by Dr. Paul Levine 98 replies
Paul's trading journal 3 replies
Quoting learningtheropesDislikedsounds like a decent idea.........just joined this forum last week...how about you? What part of town are you in?
-JimIgnored
Quoting learningtheropesDislikedsounds like a decent idea.........just joined this forum last week...how about you? What part of town are you in?
-JimIgnored
Quoting sinclapDislikedI reside in the southwest part of Minneapolis. My trade time is daily 7 AM -12 PM .Ignored
Quoting learningtheropesDislikedI'm out in the NW 'burbs (the rockford/buffalo area). I trade at various times as I use a few different, some with live accounts and others in demo account while I work out the kinks.
Are you a full-time trader? I have been involved for 3 years, but part-time...I've owned a mortgage business since 2001, so I'm starting to finally get some time to study T/A and really understand it.Ignored
Quoting HAGeekDislikedtrying some longer term trades with dailys, stochastic and the FX snipers CCI indicator (great indicator).
I am also in the mortgage business )
Just went live and trying to stay afloat ...lol!
Ignored
Quoting sinclapDislikedand under employed at the moment while looking for full time employment.
Looking to find the right style to trade forex and not make it complicated.
What charting packaging are you using?Ignored
Quoting learningtheropesDislikedWhat strategies are you using currently? Technicals, fundamentals? Have you tried any of the methods on this forum like Vegas or Sidus? How about hedging or straddling news?
I've had an account with FXCM for a long time, but I'm thinking of moving. For the heck of it I am currently using the charts provided by 4xfindme (they have an affiliation with FXCM) on a 21 day trial of their alert service (it's free for 21 days b/c I have an account above $5K with FXCM).......the charts are nice and allow tons of indicators and all the variables for each that you can think of (at least in my charting experience). I'm seeing if their alerts help me confirm some of my other methods.......most of which are mid-term and require a lot of time in front of the PC...........figured if their alerts jived with my charting, I could sleep a little at nite until their alerts come and if all things line up, I can make an entry........it's been a week, and I have mixed results. Doing it all on the demo b/c of the uncertainties.........I have an hourly method and news hedging/straddling (depending on what FXCM will allow me that day?!?!!) where I go live when appropriate to risk real capital.Ignored
Quoting LouDislikedGreetings,
I live in Forest Lake.
Been trading part time... for several years.
I follow Birdwatching In Lion Country. Trade hourly 4hr and daily charts.
I use Oanda for my main account. Cms VT for charting and FXCM for fundamental news and market info. Use very little technical analysis.
LouIgnored
Quoting LouDislikedGreetings,
I live in Forest Lake.
Been trading part time... for several years.
I follow Birdwatching In Lion Country. Trade hourly 4hr and daily charts.
I use Oanda for my main account. Cms VT for charting and FXCM for fundamental news and market info. Use very little technical analysis.
LouIgnored
Quoting sinclapDislikedUntil recently, I was all over the place with strategies which burned through my account. I am mostly on the sidelines, but am going to focus on trade the news. I follow two currency pairs that move in opposite directions. However, I am open to Sidus but unable to recreate the indicator in my accucharts with FX SOl. Any suggestions?
Currently, my indicators are the standard Moving avg exp and moving average weighted plus RSI. Any idea on how to trade off the these indicators?Ignored
Quoting learningtheropesDislikedNot sure how you are using these indicators, but all I can say is this: there is no holy grail in how (or precisely which ones) to use the tons of studies and the variations, timeframes, intervals, etc out there..it's really up to the individual. I think once you adopt a strategy you feel comfortable with off a basic fundamental setup (1 or more MA's, and/or 1 or more EMA, and/or 1 or more RSI's....you get the point), from there it does take a certain level of "feel" Even switching to a different vendor's charting system using the same exact indicators takes getting used to.
I suggest honing-in on one setup, for whatever reason (looks nice, isn't too cluttered, back-test shows positive results), then try to make it your own through "feel". I think you could come close to duplicating the Sidus method (or anybody else's) on any chart system and be successfull with it if you put your faith in it and become a master of that particular chart's (and vendors) nuances. For example, the 4xfindme charts are way more sophisticated vs. the free Daily FX charts I like for quick reference, but I can plot Sidus in some fashion on either and the break to go Long this morning was essentially signaled in the same hourly bar........now of course, it's up to me to just put full faith in the indicators and/or myself whether the EUR is on another Bull run, or if it will retrace back to it's pre-PPI levels.......this is an expansion into getting to understand support and resistance.
Of course, when all else fails, protect yourself through money management....set reasonable stops that you can afford, or research and implement hedge stops. I know a bit about that should you have any questions?
Hope I am helping....
-JimIgnored