Recent content by Straybow

I was lurking on T2W for at least a full week before I bothered to register and astound the yokels with my vast wisdom. ;) But seriously, let's see if they (or he) respond(s).

How long have you been trading FX prior to using their strat?

It is not at all clear, but is this a non-FA breakout strategy, just looking for how the European traders push the rates after the Asians have stalled?

Free sounds good to me :idea: New to Trade2Win and Forex. Trying to keep at least some of my money. Just curious, why the 3 month hiatus?

Not a given, by any means. Prev day high, on an uptrend, may well be insignificant if you are already above it. Likewise prev day low on a downtrend.

I did fine with the demo acct, but I've managed to shoot myself in the proverbial foot with real money. I've found it difficult to walk away, to not do something. I've second-guessed instead of putting in the trade the tools and principles tell me. My big screw-up was a failure to set a real...

What is 1500 EST in your local timezone?

I was introduced to Forex by a friend (whom I call my mentor in this field). He took some classes from MTI. More expensive than FXCM. I got to watch over his shoulder. MTI has a subscription charting package (FibTrader with a prorietary indicator) and a chat service, $100/mo each. My mentor is...

GFT is probably like FXCM, RefcoFX, and a host of other retail FX shops. They make their money 1) on the spread, and 2) by acting as counterparty to your trades. In the latter case the FX becomes a form of legalized gambling. The broker is the house, you are the player. They know that 90% of...

I think many charting packages use 5pm EST/EDT as the open and close of the daily and longer candles.

I looked at options and futures years ago and it made me very uneasy. I didn't get in. Now with much less capital I've gotten in to forex. It has a number of appealing advantages for me. You can read horror stories about almost any broker, so you can't judge solely on the anecdotes on the...

The Fibonacci Series is not the same as the Fibonacci Ratios. Same mathematician, different math. Jetheat, I notice that for both screenshots you posted the large move charted has a distinct high/low pair within it. How do you decide when you've reached a "real" high or low? If I'd been in that...

I tried demo accounts with a few brokers including forex.com. I didn't like the web-based platform. Oanda offers only 50:1 leveraging, which limits profits far more than the few pips you save each trade. If you're trading wisely you won't be making anywhere near 100 trades a month, more like 20.

GBP 100 pips Mar 2... waiting on this morning's E-12 and UK fundamentals... could be just as big.

Way to greet newbies... Huh? I don't know who "Mario" is; I've used this nickname on several gaming and entertainment boards for years. I'm new to forex and I'm not "here too" since I've never been anywhere else promoting MTI. :rolleyes: Dang, you guys here are neurotic. :D Thanks for...