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It seems the best time for me is between 8am and 9am EST for GBP. I need to get my lazy a$$ out of bed to catch the big moves.
I have had good luck today with the 5 minute and 1 minute charts. Just buy when its at the lowest point on the 1 minute chart and I can pick up 10-15 pips every 20 minutes are so. I just make sure I am buying in the same direction as the overall trend for the day 
Hi guys,
I have been going through all the messages and wow there's so much valuable information here. I'm gonne open a demo account and start to learn. thanks all of you for this info QUOTE(WVW @ Jul 29 2005, 02:47 PM) Hi guys, I have been going through all the messages and wow there's so much valuable information here. I'm gonne open a demo account and start to learn. thanks all of you for this info [right][snapback]345189[/snapback][/right] Consider reading Technical Analysis from A to Z by Steven Achelis. It will teach you everything you need to know about trading.
Thanks JD
I'll do. QUOTE(dude007 @ Mar 19 2005, 11:59 AM) Hi Guys I have a really good link with loads of EBOOKS in forex. If your a newbie interested in learning forex this is a must..... If u want it just pm me. [right][snapback]190083[/snapback][/right] Hi dude I would love to have the link but can not pm you. ( not enough posts yet) Could you please PM me? thanks
Hi Guys,
I've been reading and reading and reading. Time to start a demo account I guess. I downloaded metatrader. When downloading they ask me to open an account. Is this a demo account or should I do someting else to get an demo account? Hope you can help me out. I've been really enjoying all your posts and hope to read many more of them. greetz to you all
Guys,
thanks for sending me PM's but it seems that I can't read them yet because I don't have enough postings. Does anyone knows how much posting I should have before I can make use of the PM system? Hawk my msn : walter1366@.... thanks to you all QUOTE(WVW @ Jul 30 2005, 12:05 PM) Guys, thanks for sending me PM's but it seems that I can't read them yet because I don't have enough postings. Does anyone knows how much posting I should have before I can make use of the PM system? Hawk my msn : walter1366@.... thanks to you all [right][snapback]346101[/snapback][/right] Hi WVW You need 25 PM's to read and send pm's.
QUOTE(WVW @ Jul 30 2005, 07:26 AM) Hi Guys, I've been reading and reading and reading. Time to start a demo account I guess. I downloaded metatrader. When downloading they ask me to open an account. Is this a demo account or should I do someting else to get an demo account? Hope you can help me out. I've been really enjoying all your posts and hope to read many more of them. greetz to you all [right][snapback]346034[/snapback][/right] Yes its a demo account. You can put in a fake name and address if you want. I have already blown through about 5 of these Metatrader demo accounts (Still Learning) LOL QUOTE(unclejesse @ Jul 30 2005, 05:00 PM) Yes its a demo account. You can put in a fake name and address if you want. I have already blown through about 5 of these Metatrader demo accounts (Still Learning) LOL [right][snapback]346986[/snapback][/right] Just email tech support to have them add more money to your demo, I've done it many times. 
QUOTE(FinallyRetire @ Jul 30 2005, 05:21 PM) Just email tech support to have them add more money to your demo, I've done it many times. [right][snapback]347137[/snapback][/right] Gotta test those new strategies somewhere.  I've been throwing every indicator around trying to find something new.  I should just stick to long term trends and MAs. 
thanks for the info.
I've been going through metatrader stuff. Boy, I got to get back to my studying days. I thought these were over a long time ago.  anyway, you will see more of me here I guess when I start working my demo account.  see you all soon
The president of the European Central Bank: Wim Duisenberg died yesterday (from the time of the writing) in his villa in South of France. Jean-Claude Trichet, his successor has a different vision of the Euro currency, but in the beginning his policy would not be enormously different from his predecessor in order to avoid panic on the markets.
I don´t know if the nomination of Jean-Claude Trichet will have consequences on the Euro market in the long-term but at least we have to watch closely the Euro currency today. 
I found this chart that is quite good, it gives buy and sell signals, does anyone know of another free one that might be even better?
http://www.fx-charts.com/pgs/charts_usdjpy.php
Hello Everyone
One of my good trader friend has opened up a website with a easy to follow strategy that will help newbies and seasoned traders. Please check the following site for further details: http://fxovereasy.atspace.com/index.html It tells u how the system works, gives examples of trades, indicator downloads etc. Please note the indicators are all for metatrader 4. PS - I have also added the link on my signature 
Man
I always seemed to get stopped out by these "Freak" jumps (see picture). What do you call these and how do you deal with them? They trigger my stop loss and I end up loosing money even though my position is going with the trend. Grrrrr QUOTE(unclejesse @ Aug 2 2005, 10:31 AM) Man I always seemed to get stopped out by these "Freak" jumps (see picture). What do you call these and how do you deal with them? They trigger my stop loss and I end up loosing money even though my position is going with the trend. Grrrrr [right][snapback]352487[/snapback][/right] Picture didn't show up, but how many pips are you using for a stop loss? When news is going to hit it's better to stay out until the dust settles or remove your stop loss because you will get stopped out on the wrong side of the trade. Market makers do that on purpose to get rid of small investors. 
QUOTE(unclejesse @ Aug 2 2005, 08:31 AM) Man I always seemed to get stopped out by these "Freak" jumps (see picture). What do you call these and how do you deal with them? They trigger my stop loss and I end up loosing money even though my position is going with the trend. Grrrrr [right][snapback]352487[/snapback][/right] What kind of timeframe is this and how many pips did it move? You should use trailing stops, or set your stop losses a few pips lower than what the trend seems to show as support. Looks like that candlestick was near support. BUY! 
it was on the 15 minute charts and it spiked down about 30 pips, triggered my stop, then proceded to go back up. This all happended in under 2 minutes. I would have made a profit if it didnt trigger it.
Hawk. I love the site you posted. Will have to try it later. QUOTE(unclejesse @ Aug 2 2005, 11:56 AM) it was on the 15 minute charts and it spiked down about 30 pips, triggered my stop, then proceded to go back up. This all happended in under 2 minutes. I would have made a profit if it didnt trigger it. Hawk. I love the site you posted. Will have to try it later. [right][snapback]352696[/snapback][/right] What pair was it? I only look at 30min and above now, anything under that is to volatile to trade with. IMO
Hello everyone,
can any of you help me with importing new indicators into metatrader4? For some reason I can put them in the list but they don't work. I have imported some indicators ( ADX...) from "moneymakers.zip" file. Does anyone have this file because I guess I lost it somewhere  Hope someone can give me a link or so. Maybe you also know why they don't work in the program. all help is most welcome. Thanks QUOTE(unclejesse @ Aug 2 2005, 07:31 AM) Man I always seemed to get stopped out by these "Freak" jumps (see picture). What do you call these and how do you deal with them? They trigger my stop loss and I end up loosing money even though my position is going with the trend. Grrrrr [right][snapback]352487[/snapback][/right] I find that if you Trade in the same direction of the trend that it is best to either have your Stops at least 60 or 70 pips below or above your trade. This way you will not get "Wicked Out" of a good trade. Or you can not even put a Stop Loss in at all and watch your Trade. Once in profit then set your Stop loss or move it up into profit territory. When I first started trading I always got wicked out as well all the time. Tyler QUOTE(IMSGold @ Aug 2 2005, 02:04 PM) I find that if you Trade in the same direction of the trend that it is best to either have your Stops at least 60 or 70 pips below or above your trade. This way you will not get "Wicked Out" of a good trade. Or you can not even put a Stop Loss in at all and watch your Trade. Once in profit then set your Stop loss or move it up into profit territory. When I first started trading I always got wicked out as well all the time. Tyler [right][snapback]352956[/snapback][/right] You never answered my post http://www.moneymakergroup.com/index.php?s...ndpost&p=345079 Are you demo or live trading? 
The Yahoo group "Free Forex Signals got +157 pips for July. They are up +476 for the year (beats a lot of the paid services).
I have attached the detailed results
hi guys,
new to forex had been following closely the advice given by fellow MMG'ers here .. i've just started with my demo account using Metatrader and fxcm... cheers!
wow. fxFisherman looks awsome. Need to get hooked up with that
QUOTE(unclejesse @ Aug 3 2005, 10:12 AM) wow. fxFisherman looks awsome. Need to get hooked up with that [right][snapback]353633[/snapback][/right] You got that right uncle! I really must thank the guy who came up with that 10 min strategy. Just trading in London session today, ive gain over a 100 pips on 3 trades and there is still one trade open. Gee i really can't wait for New York session to start. Cheers! And good trading too!! QUOTE(boiboyan @ Aug 3 2005, 12:50 AM) You got that right uncle! I really must thank the guy who came up with that 10 min strategy. Just trading in London session today, ive gain over a 100 pips on 3 trades and there is still one trade open. Gee i really can't wait for New York session to start. Cheers! And good trading too!! [right][snapback]354248[/snapback][/right] wow! 100pips!! QUOTE(boiboyan @ Aug 3 2005, 04:50 AM) You got that right uncle! I really must thank the guy who came up with that 10 min strategy. Just trading in London session today, ive gain over a 100 pips on 3 trades and there is still one trade open. Gee i really can't wait for New York session to start. Cheers! And good trading too!! [right][snapback]354248[/snapback][/right] That's awesome, come on over to the live trades thread and post them as you do it http://www.moneymakergroup.com/Live-Trades-t16564.html 
Does anyone know what strategy the fisherman robot will run or is this all top secret? I registred over there and hope to get one of the licenses to use it.
Im just affraid it might be one big dissapointment. QUOTE(unclejesse @ Aug 3 2005, 10:09 AM) Does anyone know what strategy the fisherman robot will run or is this all top secret? I registred over there and hope to get one of the licenses to use it. Im just affraid it might be one big dissapointment. [right][snapback]354621[/snapback][/right] It looked interesting just browsing through it, I don't use MT but I posted it here for those that do. 
QUOTE(FinallyRetire @ Aug 3 2005, 03:37 AM) That's awesome, come on over to the live trades thread and post them as you do it http://www.moneymakergroup.com/Live-Trades-t16564.html [right][snapback]354441[/snapback][/right] it will be better with a LIVE CHAT trading session.. 
QUOTE(jayzee @ Aug 3 2005, 11:32 AM) it will be better with a LIVE CHAT trading session.. [right][snapback]354780[/snapback][/right] Hawk and I were just talking about that, is there enough interest to start one?
YES definitly very interesting idea!
would be great.
Definitely interested here!
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Stay tuned, should have something opened tomorrow for us to start using.
QUOTE(FinallyRetire @ Aug 2 2005, 11:27 AM) You never answered my post http://www.moneymakergroup.com/index.php?s...ndpost&p=345079 Are you demo or live trading? [right][snapback]352993[/snapback][/right] Sorry for not answering, only trade demo currently. Too chicken still to go live. Tyler
just placed my first order on a demo account. Hope I can get some sleep tonight.
QUOTE(FinallyRetire @ Aug 4 2005, 05:32 AM) Stay tuned, should have something opened tomorrow for us to start using. [right][snapback]355365[/snapback][/right] alrightee....is better to chat live imo. no lags...and max pips. cheers!
first - 150$, ended with +50$. Not bad for my first (demo) trade. Still got a lot of reading and learning to do.
Good to have this forum around. Good stuff in here. Thanks Keep you posted on the next trades Does anyone know how the "trailing stop" feature works on metatrader? I assumed that if I set it to 20 pips, it would keep updating a stop loss of 20 pips behind the current price. I tried this feature last night and woke up to see my account was at -31 pips so I guess it does not work the way I thought?
Anyone use the Triple Screen strategy, of Alexander Elder?
Or the parabolic strategy? RAFA
Thank you, Thank you, Thank you!
New to MMG but have been lurking for the past while. It's very clear to me now thanks to all you MMger's. I'm going to spend my time studying 4X instead of looking for the next autosurf that's supposed to make me millions. There is some great ambition in here and the guidance from the MMG heavyweights (you know who you are) is invaluable. I hope to learn from everyone and hopefully be able to contribute myself. Well, back to the books!
Hi All,
I came to this thread because I was searching for ways to learn FOREX. Well, I have found a lot of very good resources. When I was about 7 pages in I figured out I couldn't remember where half the links were. So, I started reading over again and put all the links into categories. Now, I am new at this so if there is a link in a wrong category please let me know. But, this post is intended to help group all the helpful links that everybody has posted. Sorry I have no given credit, didn't think about doing that until I was almost done. So, all these links were provided by helpful people elsewhere in this thread. I hope you enjoy. Mods, feel free to shift around links or add to this if you like. Matt Forex Services Links http://www.metaquotes.net/metatrader http://www.oanda.com/ Gain Capital - http://www.gaincapital.com/ - GAIN Capital is one of the most reputable Forex broker founded in 1999. GCITRADING- http://www.gcitrading.com/ - Apparently doesn’t accept US customers. Training Sites http://www.tradeology.com/index.html http://spreadtrade2win.com/forum/viewtopic...894#FX-Wizard:_ http://www.forextips.com/freeforextutorial.htm http://stockcharts.com/education http://www.incrediblecharts.com/technical/easy_guide.htm http://www.meta-formula.com/uts-ezine.html System Sites http://www.60minutetrader.com http://www.autoforex.biz/ Forex Theory http://www.fibonacciprofits.com/fb http://global-view.com/ssi/fibcalc.html Broker Links Interbankfx http://www.interbankfx.com/ FXDD http://www.fxdd.com/ FXCM http://www.fx.labuan.net/forex-broker.html Forums http://cmsforex.com http://www.autoforex.biz/ (Requires a fee) http://www.fxfisherman.com/forums/ http://www.moneymakergroup.com/Live-Trades-t16564.html (MMG Live Trades Thread) Signals Links http://www.fx-charts.com/pgs/charts_usdjpy.php http://www.forexpredictions.com/daily.html http://www.safelimited.com/ http://finance.groups.yahoo.com/group/ggtrades/
Wow. Thats great work. Thanks!
Your welcome. I'm using it right now to begin my training. Right now i'm trying to learn how to read charts and what their significance is. I've also signed up for metatrader and FXCM. Right now FXCM looks more user friendly to me but i haven't given MT a fair shake yet.
These japanese candle charts look interesting. Matt
UJ: You need to leave MT online and open in order for trails to work
QUOTE(LinksThatPay @ Aug 5 2005, 04:16 PM) Hi All, I came to this thread because I was searching for ways to learn FOREX. Well, I have found a lot of very good resources. When I was about 7 pages in I figured out I couldn't remember where half the links were. So, I started reading over again and put all the links into categories. Now, I am new at this so if there is a link in a wrong category please let me know. But, this post is intended to help group all the helpful links that everybody has posted. Sorry I have no given credit, didn't think about doing that until I was almost done. So, all these links were provided by helpful people elsewhere in this thread. I hope you enjoy. Mods, feel free to shift around links or add to this if you like. Matt Forex Services Links http://www.metaquotes.net/metatrader http://www.oanda.com/ Gain Capital - http://www.gaincapital.com/ - GAIN Capital is one of the most reputable Forex broker founded in 1999. GCITRADING- http://www.gcitrading.com/ - Apparently doesn’t accept US customers. Training Sites http://www.tradeology.com/index.html http://spreadtrade2win.com/forum/viewtopic...894#FX-Wizard:_ http://www.forextips.com/freeforextutorial.htm http://stockcharts.com/education http://www.incrediblecharts.com/technical/easy_guide.htm http://www.meta-formula.com/uts-ezine.html System Sites http://www.60minutetrader.com http://www.autoforex.biz/ Forex Theory http://www.fibonacciprofits.com/fb http://global-view.com/ssi/fibcalc.html Broker Links Interbankfx http://www.interbankfx.com/ FXDD http://www.fxdd.com/ FXCM http://www.fx.labuan.net/forex-broker.html Forums http://cmsforex.com http://www.autoforex.biz/ (Requires a fee) http://www.fxfisherman.com/forums/ http://www.moneymakergroup.com/Live-Trades-t16564.html (MMG Live Trades Thread) Signals Links http://www.fx-charts.com/pgs/charts_usdjpy.php http://www.forexpredictions.com/daily.html http://www.safelimited.com/ http://finance.groups.yahoo.com/group/ggtrades/ [right][snapback]359521[/snapback][/right] Nice work LinksThatPay . A great idea . What i do is use Metatrader to check the charts and indicators for good trades and place the trades on a different trading station like fxcm, oanda etc. At the moment iam using Marketiva which is a great place for trading small amounts and to practice .
Now i'm reading the tutorials on the incredible charts page. They are helping charts make sense. After I finish this i will try and read charts on MT (MetaTrader) and see how it goes.
Matt |