Disqus - Latest Comments for fxtechtrader

Re: Twitter and Forex Trading an Incredible Phenomenon

fxtechtrader — Thu, 12 Nov 2009 20:28:32 -0000

great ideas and wonderful to share.

Re: Eur/Usd: Technical and Fundamental Forex Trading This Week

fxtechtrader — Mon, 07 Sep 2009 02:51:52 -0000

Thanks for sharing :-)

Re: 45 Ways to Avoid Losing Money Trading Forex

fxtechtrader — Mon, 07 Sep 2009 02:45:38 -0000

Useful as a basis for discussions and I agree with most of it. I do not agree with the risk-reward point for the same reason as Casey mentions above. Personally the 2 year period of solely demo trading has been invaluable. When I attend webinars and seminars with stock traders, I see they are not so used to demo trading as we FX traders. They are like people watching others jumping in a pool, rarely having done that yet themselves. Demo to an absolute extreme, until the psychological extremes of fear and overconfidence naturally wear off and it becomes like driving a car....And I dont agree with trading the news. The spikes and whipsaws make it very risky. Thinking about the second currency in a pair is good. However, it is easy to overlook the importance of this statement. A beginning trader who dismisses news trading as too risky ( rightly so ) still has a HUGE earning potential if he/she watches the CORRELATION of currencies, i.e. the real strength and weakness. Based on that real-time knowledge the trader can place simple technical breakout, pattern, support/resistance trades.

Re: Moving Average Forex Strategy with Monday Trade Setup

fxtechtrader — Sun, 16 Aug 2009 03:29:35 -0000

Can you provide a link to your chat room and are your sma lines like Hull`s rainbow multiple sma/ema system ?

Re: Risk Aversion is Over for the Dollar

fxtechtrader — Sat, 06 Jun 2009 02:27:49 -0000

Hi Casey, great post, thanks. This time I agree fully with your analysis. I made some expected gains during the EUR and GBP drop, but I am long now on the EUR/USD again. Apart from the changed perspective on risk-aversion and as it relates to the Dollar, we will have to watch out next week for the GBP. Mounting political tension and political insecurity has taken the Cable down and it might lose it`s overall correlation and trend similarity with other Majors ( especially EUR ) for quite a while. Good luck and thanks !

Re: Is the Euro Ready to Move?

fxtechtrader — Fri, 29 May 2009 00:58:54 -0000

Your trades make sense from a technical point of view. I see a downward correction in the Dow and S&P coming, and I sold eurusd at 1.3968, long usdjpy and usdchf, giving this room to breathe until early next week. However, if the current usd selloff continues your move is less risky and chart based logic. Good luck and thanks for sharing !