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Forex Help Forum Archive for 02/12/2005
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Dallas Mauricio 23:36 GMT February 12, 2005
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Thank you again Wiarton Han. I have been trading cable exclusively myself and I have been told that it fluctuates to wildly for a relatively new Forex trader. Then I read the following and got really spooked: http://www.makoforex.com/Random%20Thoughts.htm.
I will follow your plan to the letter in a demo account for the rest of the month and let you know the results.
Wiarton Han 14:58 GMT February 12, 2005
Subject:
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Dallas Mauricio 22:54 GMT February 11, 2005
The Euro"s moves are not as big as Cable,I find cable more predictable than all the others and work with it exclusively.
Why make things difficult when you can make money with just the one.
Also look at the 5pm Est to 11pm Est pivot .If you make a consistant system of it.Meaning do it every day the same way .You can make some good pips.
What you do :Sell at S1 with a stop at M1(p+R1)/2 and set your target at S3 or a fixed amount like 35 pips.On days with a big move in the Asian session put your stop at P. and do the same at the top.You can put the orders in your platform and walk away until Noon Est.
Just have a look at it.It gives about 15-20 pips a day over the month.Which for 15 min of work is not bad.
The only way you get somewhere in FX is by keeping it simple and keep emotion out of it.that is why I am always look for new simple ways to make some money without the constant hipe.
Try different ways yourself and find what you are comfortable with.
Monterrey Niman10-1 08:32 GMT February 12, 2005
Subject: Figenbaum numbers and forex
Reply
Hello, i used to come here a lot back when i traded currencies.
I was wondering if anyone knows any information on 'figenbaum's numbers theory' applied to forex? i stumbled upon the concept and i think it can be used, somewhat similar to elliot waves or quantum physics.. or perhaps its related.
Any place where i can find some insight on this? comments?
Thanks, and good luck to all you forex warriors out there.
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