Recent content by littlebopip

Hey, a friend just gave me a link to that site and I've been reading it for the past few months. He says some of the stuff there is just basic info, but good enough for a newbie like me. So far, I enjoy reading and re-reading the School because it's funny and not boring at all. But I'd really...

Hi! I'm trying to learn more about Elliott Wave analysis since I want to incorporate this in a mechanical system I'm coming up with. I'm a huge fan of Fibonacci retracements and extensions, which is why I chose Elliott Waves for my system. Basically, I just look at the wave action in a...

I haven't tried forex robots myself, mostly because I'm scared of getting scammed. I read somewhere in BabyPips School that these EAs that guarantee profits at a very cheap cost are most likely scammers. But then I also read that there are good automated systems out there, it's just a matter of...

Here's where I learned about Support and Resistance: http://www.babypips.com/school/support-and-resistance.html Informative and entertaining!

Looks like a bearish flag to me so better play it tight. But that's just my two cents as a newbie. I noticed it broke a rising trend line too, so the trend might be down now.

Wow, that's a lot of pips from 1.4197 until the current price. I'm gonna sell EUR/USD today too, mostly because of the debt concerns in Europe. Are you gonna wait for some retracements? Or go for the break of yesterday's low?

November 17, 2010 (London session) The euro is on a strong downtrend lately because of those resurfacing debt concerns, this time in Ireland. Last time I heard, there were increasing speculations about a huge bailout for that country. Then, I saw this descending trend line on EUR/USD's 1-hour...

Hi guys! I'll be posting my trade ideas here from time to time. Now, I'm still a newbie at this so I'd definitely like to hear your feedback. I'm still learning how to trade through the BabyPips School of Pipsology and I'll be linking some of the concepts there. That way, you can let me know if...

Rising wedge on USD/CHF, but it looks like it's breaking out to the top already...

I think anyone who has enough discipline can do it. One must be able to stomach losses and still keep at it.

I think that means using an automated system to come up with trades. Instead of watching the charts and coming up with your own discretionary trade setups each day, a software or "forex robot" can do that for you. I guess this could be an option since you are busy with work?

Here ya go: http://www.babypips.com/school/pips-and-pipettes.html I was gonna try and explain it myself but BabyPips.com said it best haha.

That works too! Whatever floats your boat. Those crosses are just a little more choppy sometimes, but they do yield big pips. I guess it's all about finding out the particular "characteristics" of the currency pairs, whether its a major, yen cross, exotic pair, and finding out whether it fits...

I'm still a student, trying to learn how to trade so I can earn big bucks after graduating! Haha. Wow, so you still have time to manage your business while trading? Amazing.

yipes. there's major support at 111.60 though. is that where you'll take profits? i might go long at that level haha.