Forex Education

[Worn_Buffet]

Ya know in genl & of course w/out knowing it....this is how I've been trading...lol....albeit a tad more conservatively...maybe 10-15% inside of what's explained as a true fib range....I guess you can consider my simplistic strat as trading w/fib training wheels ;)~

All I've been doing is looking for retraces primarily in the long term trend direction. Although because I've been having pretty good succees w/it, I've been getting less conservative....& this week that's proven to kill me.

Time to return back to a more conservative style...& possibly adjust my long term trend strat a bit....which has been greenback bear....perhaps the dollar is getting range bound here is finally close to its' bottom? Even w/the rate cuts looming (& gold in the high 800's) now I'm not so sure that the dollar is still poised for more significant moves to the south....we could very well see more continued bullish moves w/the dollar here....& that would stand to reason as its' been pounded quite hard over the last few Q's now.

Lotza great stuff here Bud ( & on all the other boards you've put up)....I know I've said it b4 but it can't be said enuff imo....I can't even begin to thank u enuff Kimosabe!

Cheers!!!