Recent content by redheart

thanks mr trader 308 i will use your advice.i appreciate it.. yours in forex redheart

Thank you once again for the input , i appreciate it. FC i saw that again today that pivot systems, are'nt really working i suppose in another market perhaps. Longandwrong you are also right i actually had that case today, in the eur/usd there was a nice spike against me.Thank goodness i am...

With regards to point eight....i use the "daily pivot formulae" to calc the rsi 1/2 supp 1/2 levels ,obviously only helpfull in less volatile markets-i dont even know if this system is applied to forex??!!!can you tell me?Based on that res/supp i will place market orders , two to sell(at...

Thank you for the reply FETTEREDCHINOS ,for a moment there i thought i was being ignored. Yes stops are a tricky one i normally place them 15pts away from entry price and then move them into the trade to "lock" profits.yes i do trade against and with the trade but i will use wider targets for...

Thanks for the advice , i am actually just a beginner with an overall strategy or call it a trade plan.Well its actually just a way for me to trade.I just want to know if i can add anything.well here is my plan please look at it and tell me if i am right. first i do daily and hourly channeling...

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Greetings from South Africa! This is a great forum and i like to read it every day .I am still new and learning more day by day.By day.I am a forex day trader newbie, i have been trading on a demo for a month and will continue to do so for at least a couple more months until i can get the hang...

hi all, i joined this community 2 days ago, it's excellent. i've been trading on a demo for a week now using fxcm and marketscope charts. is it possible to trade using a macd and rsi indicators only? are there any better indicators for a day trader? has anyone been trading according to the...