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that's so cool unclejesse! thanks so much in advance!! hope i won't bother anyone with my questions. looking forward to learning forex!!thanks all!
Yes pepotg. Post your question here if any.
i sure will guys! what a warm welcome. hope to return the favor smeday to a newbie. well have to read a ton of materials so i could field in questions that make ssense and be repetitive or waste your valuable trading time.
LOL
We waste so much time on this forum discussing useless scam programs and arguing with "sheep" that it is a welcome change to discuss "real" trading. If you havent already, I would suggest reading this article (fxWizard) which Hawk had shown me awhile ago. Its amazing: http://www.spreadtrade2win.com/specialfx.zip you can read more and get the indicators here: http://spreadtrade2win.com/forum/viewtopic...894#FX-Wizard:_
Welcome to the forex world, pepotg.
u can also read up this guppy system. http://www.net-investors.com/forum/viewtopic.php?id=14 I'm being using it for some time.It's a great and logic sytem. QUOTE(timeinvestor @ Oct 8 2005, 11:44 AM) Welcome to the forex world, pepotg. u can also read up this guppy system. http://www.net-investors.com/forum/viewtopic.php?id=14 I'm being using it for some time.It's a great and logic sytem. [right][snapback]488811[/snapback][/right] Can you explain that in English?  Has anyone got a step by step? QUOTE(increase @ Oct 8 2005, 10:20 AM) Can you explain that in English? Has anyone got a step by step? [right][snapback]488822[/snapback][/right] Read from that url link. I think it already been explained in English. 
thanks for the very warm welcome and support as well freinds! by the way, are the brokers that traders use(Marketiva, Recfx, FXCM, etc) SCAM FREE? I gather that our money is deposited with them so are we sure of getting paid if we make profits? hope i'm not sounding tooo eager to cash in! LOL!!! thanks!!
QUOTE(alexeow @ Oct 8 2005, 12:06 PM) Read from that url link. I think it already been explained in English. [right][snapback]488849[/snapback][/right] well it is in english, but how do I get the short term and long term MA then get them marked in red and blue and other such basic things? QUOTE(pepotg @ Oct 7 2005, 10:21 PM) thanks for the very warm welcome and support as well freinds! by the way, are the brokers that traders use(Marketiva, Recfx, FXCM, etc) SCAM FREE? I gather that our money is deposited with them so are we sure of getting paid if we make profits? hope i'm not sounding tooo eager to cash in! LOL!!! thanks!! [right][snapback]489177[/snapback][/right] They are registered companies and I already paid $500 profit by Marketiva. 
The fact that everyone is so excited to get "paid" by Marketiva scares me a little bit. Was there any doubt people wouldnt get paid?
From what I can tell, you would be safer using a larger broker such as Refco or Interbankfx, but, I am personally not a member of Marketiva (Im in the USA), so I shouldnt even comment on it. QUOTE(increase @ Oct 8 2005, 02:53 AM) well it is in english, but how do I get the short term and long term MA then get them marked in red and blue and other such basic things? [right][snapback]489208[/snapback][/right] increase, what charting program are you using? Are you using Metatrader? If so, you will see a list of indicators on the left of your screen, double click on the one that says "Moving Average". To add a 5 EMA, change the period to 5, and the "MA Method" to exponential. You can also set the colors to red and green. I have mine "Apply to" the close of each bar. You just repeast that step for each EMA listed for the guppy method. QUOTE(unclejesse @ Oct 8 2005, 05:53 PM) increase, what charting program are you using? Are you using Metatrader? If so, you will see a list of indicators on the left of your screen, double click on the one that says "Moving Average". To add a 5 EMA, change the period to 5, and the "MA Method" to exponential. You can also set the colors to red and green. I have mine "Apply to" the close of each bar. You just repeast that step for each EMA listed for the guppy method. [right][snapback]489322[/snapback][/right] Thanks a lot, yes I am using MT4
Hey UJ, i know you started forex a couple of months ago. Can you give us an update on how you are doing with it? Thanks.
Matt
Hi,
Just like everyone said, its been very tough. I have been "paper" trading with vitual money since July. At first, I thought it was easy to make money and I was up a few grand, then, I realized it was only luck and I started loosing money. For August and most of September I was loosing about 80% of my trades. It was pretty bad for awhile. Now, I think I am at a "break-even" stage, sometimes I make money, sometimes I loose money and it all evens out. I hope in the next few months I will start to make more moeny then I loose. Meanwhile, I have been trading "real" money based on expert buy/sell signals which I have been paying for. So far, that has been profitable for me. I really like the guppy system and the people over at the net-investors forum. They, along with Hawk here at MMG, have been very helpful. My goal is to make at least +150 pips per month starting in 2006 using real money QUOTE(unclejesse @ Oct 8 2005, 05:53 PM) increase, what charting program are you using? Are you using Metatrader? If so, you will see a list of indicators on the left of your screen, double click on the one that says "Moving Average". To add a 5 EMA, change the period to 5, and the "MA Method" to exponential. You can also set the colors to red and green. I have mine "Apply to" the close of each bar. You just repeast that step for each EMA listed for the guppy method. [right][snapback]489322[/snapback][/right] OK, I got that sorted, what does this mean? 2.Enter the trade with stop using Fractals and follow trend with fractals I know what fractals are, but is he referring to na indicator called fractal Sorry I know it's dumb 
QUOTE(unclejesse @ Oct 9 2005, 12:57 AM) Hi, Just like everyone said, its been very tough. I have been "paper" trading with vitual money since July. At first, I thought it was easy to make money and I was up a few grand, then, I realized it was only luck and I started loosing money. For August and most of September I was loosing about 80% of my trades. It was pretty bad for awhile. Now, I think I am at a "break-even" stage, sometimes I make money, sometimes I loose money and it all evens out. I hope in the next few months I will start to make more moeny then I loose. Meanwhile, I have been trading "real" money based on expert buy/sell signals which I have been paying for. So far, that has been profitable for me. I really like the guppy system and the people over at the net-investors forum. They, along with Hawk here at MMG, have been very helpful. My goal is to make at least +150 pips per month starting in 2006 using real money [right][snapback]489904[/snapback][/right] Good luck UJ! 
QUOTE(unclejesse @ Oct 8 2005, 07:57 AM) Hi, Just like everyone said, its been very tough. I have been "paper" trading with vitual money since July. At first, I thought it was easy to make money and I was up a few grand, then, I realized it was only luck and I started loosing money. For August and most of September I was loosing about 80% of my trades. It was pretty bad for awhile. Now, I think I am at a "break-even" stage, sometimes I make money, sometimes I loose money and it all evens out. I hope in the next few months I will start to make more moeny then I loose. Meanwhile, I have been trading "real" money based on expert buy/sell signals which I have been paying for. So far, that has been profitable for me. I really like the guppy system and the people over at the net-investors forum. They, along with Hawk here at MMG, have been very helpful. My goal is to make at least +150 pips per month starting in 2006 using real money [right][snapback]489904[/snapback][/right] UncleJesse what do you mean by "guppy system"? would you mind telling us what forex buy/sell signals are you paying for? Thanks!! QUOTE(unclejesse @ Oct 8 2005, 12:19 AM) The fact that everyone is so excited to get "paid" by Marketiva scares me a little bit. Was there any doubt people wouldnt get paid? From what I can tell, you would be safer using a larger broker such as Refco or Interbankfx, but, I am personally not a member of Marketiva (Im in the USA), so I shouldnt even comment on it. [right][snapback]489310[/snapback][/right] UncleJesse why do you have reservations with Marketiva? Do you use Refco or Interbankfx? Has there been any incidence of a broker not paying profits?
Lets see if I can answer all the questions
1. I dont have any problem with Marketiva. It seems people really like them. I was just wondering why everyone seemed a little surprised that they actually paid. But, it looks like a good broker (note: USA citizens can not use them). 2. Guppy system info. can be found here: http://www.net-investors.com/forum/viewtopic.php?id=14&p=1 3. I am currently paying for these signals: http://fxan.com/overview.htm http://www.fxmaster.net Both are profitable and consistant QUOTE(increase @ Oct 9 2005, 02:30 AM) OK, I got that sorted, what does this mean? 2.Enter the trade with stop using Fractals and follow trend with fractals I know what fractals are, but is he referring to na indicator called fractal Sorry I know it's dumb [right][snapback]491287[/snapback][/right] Not a dumb question. I had the same exact one over there on their forum. This is just saying that your entry point is the most recent high fractal (if going long), or, the most recent low fractal (if going short). You set a stop-loss at the most recent low fractal (if going long), or the most recent high fractal (if going short). See picture for a summary. Note: the entry point is the most recent high fractal because we are going long in an up-trend. QUOTE(unclejesse @ Oct 10 2005, 01:57 AM) Not a dumb question. I had the same exact one over there on their forum. This is just saying that your entry point is the most recent high fractal (if going long), or, the most recent low fractal (if going short). You set a stop-loss at the most recent low fractal (if going long), or the most recent high fractal (if going short). See picture for a summary. Note: the entry point is the most recent high fractal because we are going long in an up-trend. [right][snapback]492236[/snapback][/right] agghhhh now I see it, thanks that is a good pic
Hello Everyone
I've found a nice site which is good for newbies and expereinced traders. The reason iam listing it in here is because its been created byunbiased research . Everything is explained in clear english and is easy to understand . Its called Goforex and has so many benefits. I've listed just a few benefits below:* Ask-an-Expert Forex Forum * Forex broker & ratings - will help u choose a good broker * Forex singal, managed accounts, trading systems training etc * Forex Basics * Forex News So much more Check it out at : http://www.goforex.net/ 
QUOTE(dude007 @ Mar 16 2005, 02:14 PM) No problem! I am just trying to help u guys .[right][snapback]186654[/snapback][/right] I really enjoyed your opening thoughts, is there a place where one could just sign up for a forex type course? I mean I'm sure there are tons of great free resources out there but it seems to me every place I read there are so many differing opinions it's hard to figure out what is worth paying attention to.
You set a stop-loss at the most recent low fractal (if going long), or the most recent high fractal (if going short).
See picture for a summary. Note: the entry point is the most recent high fractal because we are going long in an up-trend. [right][snapback]492236[/snapback][/right] [/quote] UncleJesse is the metatrader userfriendly? Is it where you input the technical indicators and charts? I figure that it might be helpful to look at the trading platform while learning about forex so i could grasp the concepts better, don't you think so? thanks!!!
Yes. In fact, I would download Metatrader (its free), and just start looking at different charts and changing the time frames to get a feel for how things look.
Then, you can start playing with and learning the different indicators. QUOTE(unclejesse @ Oct 11 2005, 05:52 AM) Yes. In fact, I would download Metatrader (its free), and just start looking at different charts and changing the time frames to get a feel for how things look. Then, you can start playing with and learning the different indicators. [right][snapback]496410[/snapback][/right] UncleJesse ive downloaded metatrader. Now where do i get the charts that show the currencies so we can see the candle sticks, fibonacci retracements, SMAs, pivot, bollinger bands,etc? thanks!! QUOTE(pepotg @ Oct 13 2005, 12:10 AM) UncleJesse ive downloaded metatrader. Now where do i get the charts that show the currencies so we can see the candle sticks, fibonacci retracements, SMAs, pivot, bollinger bands,etc? thanks!! [right][snapback]500164[/snapback][/right] You need the indicators in your indicator folder. To make it simple UJ can send you his template(assuming you have the correct indicators). Or you can simply apply the indicators that you want to your charts via the navigator in MT4. QUOTE(ArcticSteve @ Oct 12 2005, 09:46 PM) You need the indicators in your indicator folder. To make it simple UJ can send you his template(assuming you have the correct indicators). Or you can simply apply the indicators that you want to your charts via the navigator in MT4. [right][snapback]500203[/snapback][/right] ArctiveSteve i think i need to check first the user guide so i'll know the details of operating the MT4, right? Then after this i'll have to open a demo account. In the meantime i should read more about forex trading, etc. Am i in right direction? Thanks for the advice!!! QUOTE(pepotg @ Oct 13 2005, 02:46 AM) ArctiveSteve i think i need to check first the user guide so i'll know the details of operating the MT4, right? Then after this i'll have to open a demo account. In the meantime i should read more about forex trading, etc. Am i in right direction? Thanks for the advice!!! [right][snapback]500343[/snapback][/right] Yes you can read the help section. I just played around with it until i got familiar with it. You might want to get on skype with someone that knows how to use it so they can walk you through it.
I think it comes with a free demo account once you download it, if not, go to the "file menu" and open a new account (you can use fake contact info if you want to)
After you create a new account, it should automaticaly log in to the server and say "connected" in the bottom right. Next, you can add different charts by going to the "File" menu, then "New Chart" Once you have that going, I can send you my template for guppy. QUOTE(unclejesse @ Oct 13 2005, 06:10 AM) I think it comes with a free demo account once you download it, if not, go to the "file menu" and open a new account (you can use fake contact info if you want to) After you create a new account, it should automaticaly log in to the server and say "connected" in the bottom right. Next, you can add different charts by going to the "File" menu, then "New Chart" Once you have that going, I can send you my template for guppy. [right][snapback]500877[/snapback][/right] Hi guys! guess what i got a call from an agent of FXCM based in hongkong and in the next few days, the agent will walk me through with the fxcm trading system. now my question is is the trading station of fxcm better than metatrader4? I'm so grateful guys for your so helpful input. Thanks a million. By the way, to what fx broker does the MT4 connect for demo account? QUOTE(pepotg @ Oct 13 2005, 07:07 PM) Hi guys! guess what i got a call from an agent of FXCM based in hongkong and in the next few days, the agent will walk me through with the fxcm trading system. now my question is is the trading station of fxcm better than metatrader4? I'm so grateful guys for your so helpful input. Thanks a million. By the way, to what fx broker does the MT4 connect for demo account? [right][snapback]502003[/snapback][/right] UJ will not be able to send you his template if you use a different platform like that. I am not familiar with the platform at FXCM. QUOTE(ArcticSteve @ Oct 13 2005, 04:10 PM) UJ will not be able to send you his template if you use a different platform like that. I am not familiar with the platform at FXCM. [right][snapback]502014[/snapback][/right] Oh i see ArcticSteve. In that case let me try fxcm first then later on i'll try to move over to MT4 so i can compare both. Would that be ok? By the way what's the insight of traders on this: THE FOREX MARKET IS A LOT CHOPPIER NOWADAYS THAT IT WOULD BE MUCH MUCH BETTER TO MAKE MONEY BY BEING A SWING TRADER THAN A DAY TRADER. QUOTE(ArcticSteve @ Oct 13 2005, 04:10 PM) UJ will not be able to send you his template if you use a different platform like that. I am not familiar with the platform at FXCM. [right][snapback]502014[/snapback][/right] Oh i see ArcticSteve. In that case let me try fxcm first then later on i'll try to move over to MT4 so i can compare both. Would that be ok? By the way what's the insight of traders on this: THE FOREX MARKET IS A LOT CHOPPIER NOWADAYS THAT IT WOULD BE MUCH MUCH BETTER TO MAKE MONEY BY BEING A SWING TRADER THAN A DAY TRADER. Your comments and input will be very much appreciated. Thanks!!!
pepotg,
No problem. Give FXCM a try. I think their program is Metatrader (but they call it something else), or, its very similar. Just learn how to setup EMAs (exponential moving averages) and how to setup fractals. Then we can set you up on the guppy. QUOTE(unclejesse @ Oct 14 2005, 05:38 AM) pepotg, No problem. Give FXCM a try. I think their program is Metatrader (but they call it something else), or, its very similar. Just learn how to setup EMAs (exponential moving averages) and how to setup fractals. Then we can set you up on the guppy. [right][snapback]503191[/snapback][/right] Ok UncleJesse. Now i think i saw EMAs somewhere on the indicators but i don't recall seeing fractals. Is there any resource that explain what EMAs and Fractals are UncleJesse? Thanks!! Can't wait to start demo trding the guppy system!! By the way, has the guppy system been very effective so far with your trades?
Hi,
There should be an indicator called "fractals" which you can add. I can also show you how to use EMAs if you dont know how to add it. Yes, Guppy has been about 75% accurate for me so far QUOTE(unclejesse @ Oct 15 2005, 01:22 PM) Hi, There should be an indicator called "fractals" which you can add. I can also show you how to use EMAs if you dont know how to add it. Yes, Guppy has been about 75% accurate for me so far [right][snapback]506068[/snapback][/right] Hi UncleJesse! just played around with the FXCM trading station and i clicked that button that says "indicators" but i didn't find "fractals". Could it have another name? by the way what do fractals look like? Now when i added "EMA" i got a green line that followed the rise and fall of the candles. Hope you can teach me how to interpret and use it . many thanks UncleJesse!!
UncleJesse ive done some reading on EMAs and looked at the chart of nancy over at netinvestor's forum. The long term and short term moving averages are quite clear to me. But here are my questions:
1. I noticed these symbols- R1. PP, S1 and S2. what are they? 2. what did nancy mean when she said "Note i only trade when all time frames agree.ie 10 minutes,60 minute and 240 minute"? 3.What's the indicator below the chart? Do we need that? 4.how do you "follow the trend with fractals"? Hope i could begin practicing soon. Thanks a lot!! QUOTE(pepotg @ Oct 16 2005, 12:06 AM) UncleJesse ive done some reading on EMAs and looked at the chart of nancy over at netinvestor's forum. The long term and short term moving averages are quite clear to me. But here are my questions: 1. I noticed these symbols- R1. PP, S1 and S2. what are they? 2. what did nancy mean when she said "Note i only trade when all time frames agree.ie 10 minutes,60 minute and 240 minute"? 3.What's the indicator below the chart? Do we need that? 4.how do you "follow the trend with fractals"? Hope i could begin practicing soon. Thanks a lot!! [right][snapback]506686[/snapback][/right] 1. These are your pivot points whick are lines on the chart that give you a good idea when to exit your trade using this strategy. I dont think FXCM has an indicator for this, but, you might be able to get one on the web and add it in manually. 2. Nancy looks at all the different time frames and they all must show her the trend is in the same direction before she trades. 3. No, you do not need this indicator. I think its just a MACD histogram which you can add if you want to. 4. Hmmm. I am not sure about this. I will ask Nancy. Are you going to her chat room today at 5pm EST? I will be there. Also, can you take a screen shot of your chart so we can look at it? I think FXCM uses Metatrader. If so, I can send you my template for you to use. QUOTE(unclejesse @ Oct 16 2005, 06:29 AM) 1. These are your pivot points whick are lines on the chart that give you a good idea when to exit your trade using this strategy. I dont think FXCM has an indicator for this, but, you might be able to get one on the web and add it in manually. 2. Nancy looks at all the different time frames and they all must show her the trend is in the same direction before she trades. 3. No, you do not need this indicator. I think its just a MACD histogram which you can add if you want to. 4. Hmmm. I am not sure about this. I will ask Nancy. Are you going to her chat room today at 5pm EST? I will be there. Also, can you take a screen shot of your chart so we can look at it? I think FXCM uses Metatrader. If so, I can send you my template for you to use. [right][snapback]507549[/snapback][/right] uncleJesse pardon my technical ignorance. Can you give me directions to make a scrren shot? oh boy this is embarassing!lol! Hope you can give me directions to enter chat room of net invetors. thanks!!!! QUOTE(pepotg @ Oct 16 2005, 06:12 PM) uncleJesse pardon my technical ignorance. Can you give me directions to make a scrren shot? oh boy this is embarassing!lol! Hope you can give me directions to enter chat room of net invetors. thanks!!!! [right][snapback]508689[/snapback][/right] UncleJesse hope i did it right. attached is the fxcm platform.
peptg, I just looked at your screen shot. That is not metatrader and also your screen shot does not show any charts set up.
QUOTE(ArcticSteve @ Oct 16 2005, 08:51 PM) peptg, I just looked at your screen shot. That is not metatrader and also your screen shot does not show any charts set up. [right][snapback]509055[/snapback][/right] Yes ArcticSteve, i discovered just today the difference when i finally was able to register a demo account at MT4. Hope i could learn to set up the charts soon and get some pointers on how to use the guppy system then practice it on demo account. Thanks!!!
I'd agree with not trading too high of your account balance. If you hold a position long enough it usually will clear provided you have enough margin.
Yes Pepotg,
Once you get MetaTrader setup, let us know and we can show you how to add indicators, etc. QUOTE(unclejesse @ Oct 8 2005, 05:19 PM) The fact that everyone is so excited to get "paid" by Marketiva scares me a little bit. Was there any doubt people wouldnt get paid? From what I can tell, you would be safer using a larger broker such as Refco or Interbankfx, but, I am personally not a member of Marketiva (Im in the USA), so I shouldnt even comment on it. [right][snapback]489310[/snapback][/right] As what I've read in moneytec.com, larger broker doesn't mean will secure ur investment for 100%. since u can read that refco having problem tat they have not enough revenue for liquidation. NEW YORK (MarketWatch) -- Refco Inc. shares were halted pending news on Tuesday, a day following the company's steep sell-off tied to an audit investigation and a $430 million payment from the company's CEO. By the way, I still not sure what happen with refco recently 
QUOTE(unclejesse @ Oct 17 2005, 07:53 AM) Yes Pepotg, Once you get MetaTrader setup, let us know and we can show you how to add indicators, etc. [right][snapback]509884[/snapback][/right] Got the metatrader and ready to tke off!! looking forward to fruitful lessons with our very accomodating traders. Thanks!! QUOTE(dude007 @ Mar 28 2005, 04:37 PM) Hello Everyone Its good to see tht this threads been helpful .I am sorry but the link that i was providing from my previous post no longer exists. Nevertheless I have a system that is ideal for newbies. It simply ROCKS. It has a very simple & effective strategy that is explained in simple words from A-Z , its makes 5-50 pips per trade and its highly consistant. All u need to do is read the short system and take the strategy seriously and decepline urself to using it and it will work for u. I personally tested the system on friday and made 23 pips with 3 trades (6,6,11).If u want a copy just send me a pm. [right][snapback]200202[/snapback][/right] hi dude! can you please send me a pm on the new system you have tried.thanks. |
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