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Last Post: 12/18/2016 1:20:13 PM - Followers: 390 - Board type: Free - Posts Today: 0

This is not a get rich quick scheme but patience and hard work
How to make the FX into a fulltime living. Before you do this please learn how to play first. 25 pips per day can sometimes be a dog fight to get. This will require a principal of $500 to $1000 to start but you must know how to play first.

1. 10K units=$264 principal at 25 pips per day for a month=$500 per month. Do this for 2 months straight from say Jan-Feb

2. 30K units=$794 principal at 25 pips per day for a month=$1500 per month. Do this for 2 months straight from March-April

3. 60K units=$1590 principal at 25 pips per day for a month=$3000 per month. Do this for 2 months from May-June

4. 80K units=$2120 principal at 25 pips per day for a month=$4000 per month. Do this for 2 months from July-Aug

5. 100K units=$2650 principal at 25 pips per day for a month=$5000 per month. Do this for 2 months from Sept-Oct
END OF MONTHS PROFIT=$10,000+$18,000=$28,000 TOTAL PROFIT

6. 150K units=$3975 principal at 25 pips per day for a month=$7500 per month. Do this for next 2 months Nov-Dec

7. In Jan next year you can use 200K units for 10K per month to get $120K per year. From there you can even go higher if you want to. Slow and steady wins the race. 200K units is only $5300 principal.

FOREX TRADING The Major Currencies
This Section Is Devoted Exclusively To FOREX Related Info To Try To Better Equip You In The Exciting And Lucrative World Of FOREX

FOREX Correlations Table

Link to some excellent FOREX Webinars
Major Currency Index Charts

$USD=US Dollar chart http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152351
$XJY=Japanese Yen chart http://stockcharts.com/h-sc/ui?s=$XJY&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152396
$XBP=Pound chart http://stockcharts.com/h-sc/ui?s=$XBP&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152405
$CDW=Canadian Dollar chart http://stockcharts.com/h-sc/ui?s=$CDW&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152434
$XAD=Australian Dollar chart http://stockcharts.com/h-sc/ui?s=$XAD&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152468
$NZD=New Zealand Dollar chart http://stockcharts.com/h-sc/ui?s=$NZD&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152472
$XEU=Euro chart http://stockcharts.com/h-sc/ui?s=$XEU&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152476
$XSF=Swiss Franc chart http://stockcharts.com/h-sc/ui?s=$XSF&p=D&yr=0&mn=4&dy=3&id=p94889101590&a=123152485

USD Index Intraday Chart - compliments of Idzi


Gold Bullion Prices...


An overview of the Forex market

The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.

The main enticements of currency dealing to private investors and attractions for short-term Forex trading are:

24-hour trading, 5 days a week with non-stop access to global Forex dealers.
An enormous liquid market making it easy to trade most currencies.
Volatile markets offering profit opportunities.
Standard instruments for controlling risk exposure.
The ability to profit in rising or falling markets.
Leveraged trading with low margin requirements.
Many options for zero commission trading.

Forex trading
The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.

Java Scripting Tune Up Link

This info is compliments of IRISHBULL ...it helps to speed up memory hungry applications using JAVA



Jump Start For FOREX Traders

In this section we will give some basic information on FOREX in an attempt to get you up and running quickly in trading FOREX and will suggest steps to take and links/web sites to use for info and study.
1)Open a practice account with Oanda.com
2)Let us help you in setting up your chart(s) and acclimating you to the trading platform
  Note: I suggest Oanda because the charting is excellent,the platform is easily understood with respect to trading and is flexible allowing you to trade any size you want whereas most plaforms force
            you to trade only a massive..preset..trade size.Also the demo account with Oanda is permanent but the demos with most expire in only 30 days.
3)Ask any questions you have at this point and please interact freely on the board so you can eliminate months of trial and error by gleaning information from our successful traders here in the Green Room.

4)Trade..Trade...Trade...Trade..Trade..!You will find the trading fun and exciting but mainly you begin to get a solid feel for how FOREX ebbs and flows.You will get a feel for true Momentum Trading at its best!
5)Begin to develop your own individual chart setup and your own individual trading style.
6)In your free time visit sites like babypips.com  robbooker.com   piptopia.com   dailyfx.com  fxstreet.com  profittingwithforex.com  and learn what the driving forces are in the FOREX market as well as a complete education on the fundamental
  and basic view of FOREX trading.The technicals I feel we can easily provide until you get wings and fly from our nest.
7)Set your goal to a minimum of 80% success rate on your practice trading and by the way...try to treat your practice account as if it were real money.You might want to reduce the play money to no more than
   you would start with in a real account and trade fairly small sizes to force you to make every bullet count.
8)Once you have a rock solid 80% or better on your profitable trades then raise the bar!!Shoot for 100% profitable trades!That sounds lofty but I know it almost a possibility if your techs and full understanding
   are what they should be!
   Note: A profitable trade is where you have a profit of only 50 cents..or 50 dollars...the issue is not the amount gained..just that you go in the black!We cannot truly be 100% but it can be achieved for days on end..
  I say that..because I do that!If you reach this pinnacle then open a real account and trade VERY small sizes.If your success rate is the same then great...If not..Then its time to whip yourself...Not FOREX...
 Because at this point you already have FOREX whipped!...The only thing that now stands in your way is your emotions!Learn to trade with icewater in your veins...absolutely NO EMOTIONS!...Just do what 
 you have already learned to do and execute your trades according to your training!If you cannot..then get back to practice and get it right!
This section should get you started very nicely in trading FOREX..I strongly suggest you go to babypips.com and click on "school" and follow that through to graduation.Its excellent!!
If you have ANY questions please feel free to ask ..I am always very busy but never too busy to help in any way I can as quickly as I can...Simplegreen

The Major FOREX Pairs

Currency pairs found on Forex.com for trading/The first part of symbol is called the BASE CURRENCY.The currency pairs are expressed with a base currency as the first part of the pair,followed by the quote currency.(For Example,USD/JPY would be the US Dollar as the base against the Japanese Yen as the quote.)

EUR/USD=Euro/US Dollar
USD/JPY=US Dollar/Japanese Yen
USD/CHF=USD/Swiss Franc
GBP/USD=Pound/US Dollar
AUD/USD=Australian Dollar/US Dollar
USD/CAD=US Dollar/Canadian Dollar
EUR/JPY=Euro/Japanese Yen
EUR/CHF=Euro/Swiss Franc
EUR/AUD=Euro/Australian Dollar
AUD/JPY=Aussie Dollar/Yen
NZD/USD=New Zealand Dollar/US Dollar
CAD/JPY=Canadian Dollar/Yen
EUR/CAD=Euro/Canadian Dollar
AUD/CAD=Aussie Dollar/Canadian Dollar
AUD/NZD=Aussie Dollar/New Zealand Dollar
GBP/AUD=Pound/Aussie Dollar
GBP/CAD=Pound/Canadian Dollar


Link To USD Index Intraday Data..Delayed 30 minutes compliments of gitonwithit


Link to informedtrades.com ..compliments of omar..,Good Site IMO

Link To pennies2007 Method For Finding Pivot Points On FOREX Pairs

Some Very Informative Links Provided by stargate

nice comment and great free analysis (sometimes he catch exactly the support-resistence)

great comments - analysis and trade ideas with elliot waves and ichimochu 

click on Foreign Exchange Daily Briefing 
Link to an amazing amount of MT4 indicator downloads compliments of live2trade



Link To pennies2007 Original Post Detailing His Momentum Candle Setup..Izza Dandy!!


a lot of work and effort is being put forth by pennies2007...bioscript...breen12 and gitonwithit
 to bring about even greater predictive power to our trading and analysis by using Elliot Waves
 We encourage everyone to learn and apply ELLIOT WAVE THEORY..it can be truly amazing!
Link to pdf file for indepth teaching on Elliot Wave Theory
CHART SCHOOL 101 According To Simplegreen

QUAD TUNNEL AND EMA SET USED BY SIMPLEGREEN.....Parameters and Lessons on Usage


















Links to charting lessons

101.0 Simple Moving Averag or Moving Average(SMA/MA)



101.2 Relative Strength Index


101.3 MACD


101.4 Application


101.5 Candlestick Charting Introduction


101.6 Chart With Full Indicator Set


101.7 STI(2,5) Indicator


101.8 STI(2,5) Weekly..Finding New Bulls To Ride


101.9 Daytrading With STI(2,5)
How to Get Started Trading Forex
When to Trade
Forex trading competition
Indicator Interpretations

Link to our sister board FOREX TRADERS

Link to our Parent Site for Ihub FOREX boards



Here is a post to a detailed way I trade http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37074251

How to better read trends http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37247267

_____________________________**STI(2,5) Tehnical Indicator Details**

ATTENTION BOARD:SA and I have agreed to and have decided to formally introduce all here to a technical indicator that I designed and lately some may have been noticing on my charts...we call it "Simplegreen Technical Indicator" and will refer to it as simply STI(2/5) or STI(6/14).The 2 versions are necessary IMO since the 2/5 shows "anticipated" PPS rise/fall short term whereas the 6/14 though not fully tested should give "anticipated" PPS rise/fall longer term...continuation.I have been using this quietly in the background since I developed it and have had excellent results even in a crashing market.It works exceptionally well on daytrades as well using the 2/5 period version on a 2 day daychart and 10 minute setting.Bottom reversals to peaks are easy enough for a novice to trade by IMO and I have seen real success in using it.The beauty of this indicator is easily seen by chart examples as I will soon show.This thing shows a buy trigger BEFORE the PPS rises...not AFTER it rises as in conventional indicator analysis.I also will be building scans specifically to glean the best prospects using the STI(2/5) and STI(6/14).This post is the first to introduce you to it with others to follow.In my next post I will put up a chart with annotations for the purpose of demonstration.A careful study and full understanding of the indicator is imperative to weed the false signals from true anticipated run signals.

This is a set of instructions to use for the overlay setup.Do this for both the STI(2/5) and the STI(6,14).

Set up your chart just like mine with RSI(5) first and select green for color..then below it add RSI(2) ..select red for color...then on RSI(2) on "position" select "behind indicator".Its a piece of cake!I stumbled across this idea some time back in trying to find entry point before PPS rise not after.I'm not greedy...I just want the WHOLE RUN..not just part of it(LOL)....Sharp rises can have early reversal and failures but a smooth rounded rise to trigger is very effective for prediction and you will also find strongest runs follow a depth from below 30 RSIs.The deeper the cut below 30 brings more powerful moves up from bottoms.Also there is a secondary buy trigger as RSI(5) remains bullish and approaches 70..THAT is where some serious PPS moves are found!

Any questions..feel free to ask
Here is a link to an explanation of the technical indicators used on charts ..if terms confuse you then simply use this link for a quick explanation of that particular indicator...I suggest that you add this to favorite links as well



Stockfetcher has absolutely no equal when it comes to scanning for your next big play and I use Fetcher exclusively for scanning..it is phenominal..TRY IT!!Strongly Suggested!!
Disclaimer:All information posted by me or others on this board is opinion and I will make no claims or guarantees as to the success you may have in utilizing my personal methodology.What works well for some is a losing proposition for others.I do not intend to "pump" any stock here but rather will try to at all times find new plays that are successful for me with the intent of having uptrending stocks giving consistant profits and letting others see what I am doing.Please at all times do your own DD and make your own decisions.....Simple


Simple's Trading Methods Part1

Here is where we roll up sleeves and get to work!!This series will be quite long so monitor the board from time to time for all of this training series...

Assume first off that your account is very small and you have ..let's say $2500 cash just $500 more than needed for margin privileges(BTW I do not recommend actually using margin) Ok..you have no stock and $2500 cash so with this limitation 2 things are a MUST..EVERY BULLET MUST COUNT and PATIENCE is cultivated in your brain.At this point I will say that this is the way I treat my account even now...as if I only had that $2500 !!Burn this into your thinking and you will reduce your bad trades and losses dramatically.It is very rare that I take a loss of any significance and the percentage of bad trades I make is very low.Even Warren Buffet once said about 1 out of 8 calls turn out to be good calls and I certainly do a lot better than that but it is only because I have myself brainwashed into being "hungry" on every trade.The greed factor that Dspetry posted about is also cured by this type of thinking...If you are "hungry" you will take profits at a good profit point and not look back..you are just happy to add to that $2500 portfolio value that you started that trade with!This type of thinking IS IMPERATIVE to me and I WILL NEVER.. NOT be hungry in my trading again.When I first started years ago with $4000 I did quite well til I got up to around $11,000 I would start to backpeddle.After a few cycles of this I realized I was the problem because I was no longer "hungry" and would start getting sloppy,greedy and would make mistakes.I DO NOT, on the other hand trade to make money ,I trade to TRADE WELL! If I have made a good well planned trade in both the buying and the selling then the money is a byproduct of that trade.Read this area repeatedly and practice it religiously and it will serve you well...it has me.

Part 2

Now I will talk about the greed factor a little more.When I determine an entry point for any stock that I intend to buy then next I must ask myself how large a position will I take.Lets say I want 50,000 shs of a stock trading at .08.Once I make that firm determination and feel it is a good entry point then I buy but only 25,000 shs which is 1/2 the shares I had decided on!Why do I do that?The reason is that if you think about it many of the problems that traders have is being too high on their entry whether thru getting caught up in a MOMO play near the high end or simply miscalculating the Market Makers intent and the MMs set the bid/ask not the traders...IOW traders may want to move it up and MMs want to open a spread and walk it down to serve their needs and you bought too high tho it seemed a good call.If you follow my method you can turn loss into profit due to the fact that you have less leverage if it goes up but you have only 1/2 the leverage against you if it goes down instead plus you have the liquity to at least break even and pull out or more often you can pick up enough shares as it bottoms too have leverage to profit on a trade that could have been a loss.Bear in mind one other fact...fewer shares mean less leverage for profit or loss but also the way I operate is usually in much more conservative position sizes so that I can move into a stock and out of a stock with relative ease!Watch how MMs like Goldman Sachs (GSCO)work...studying GSCO methods on Level II several years ago caused me to develop this style of trading that allows me to be somewhat invisible in the market but compound my profits easily without the dangers that come from trying to make a killing.If all were trading like this then it would seriously reduce the selling pressure on a perfectly good play.Huge positions tend to be counterproductive to my efforts if I am still in and momentum is gone.Trying to make a killing many times result in loss.I try to simply make a good trade that is profitable and money compounds quite easily._


**New Elliott Wave Trading Website**

Several of us who trade using EW theory have gotten together and created a website dedicated exclusively to wave theory trading. The website is still under construction but we post

our charts and our trade ideas with specifics including entries, exits, and TP levels. Just click on the Analysis tab to view trades past and present. Each chart is listed on the calendar

for each pair in play. To view details about the trade itself, click on the Trades tab at the top of the screen.

Vist us at http://www.ewtrader.com


#137099  Sticky Note H.O.T Trading System pennies2007 02/28/16 12:57:55 PM
#126067  Sticky Note Trading Simulator Training Video Link pennies2007 12/24/13 08:47:00 PM
#110897  Sticky Note LINK TO SIMPLE GREEN ROOM VIDEO BOARD estimator 01/05/13 11:58:00 PM
#87960  Sticky Note FIBONACCI MATH!!And How To Post A Chart simplegreen 12/15/11 12:10:40 PM
#48892  Sticky Note FX news and technical evaluation sites strongtower 12/10/09 07:47:21 AM
#48289  Sticky Note Best recommended Forex Brokers-Just download a free demo strongtower 12/02/09 08:08:54 AM
#140143   Thanks . out of everything now .taking break KIRBY 12/18/16 01:20:13 PM
#140142   New Forex Forum Just for Us pennies2007 12/18/16 11:15:08 AM
#140141   Looks like it dropped a bit more there pennies2007 12/15/16 04:16:13 PM
#140140   Interesting area we're in right now on the pennies2007 12/15/16 04:14:17 PM
#140139   I eased up on my E/U short . KIRBY 12/14/16 08:31:50 PM
#140138   Well looks like the 78.6 is around 120. Heavyweight 12/14/16 08:15:57 PM
#140137   Thanks appreciate the heads up ! KIRBY 12/14/16 08:10:01 PM
#140136   I really should have had this pegged the pennies2007 12/14/16 07:54:53 PM
#140135   I was thinking the exact same thing. 118 Heavyweight 12/14/16 07:47:29 PM
#140134   Hey Kirby. Watch EU carefully. I still suspect pennies2007 12/14/16 07:33:40 PM
#140133   Yep, market went totally bonkers and took the pennies2007 12/14/16 07:29:56 PM
#140132   out of U/J because slowed down. waiting see KIRBY 12/14/16 06:54:30 PM
#140131   E/U dropping thru support !!:) KIRBY 12/14/16 06:16:34 PM
#140130   There's the 117 target. Heavyweight 12/14/16 05:42:23 PM
#140129   might be wrong . playing contrarian . Hoping KIRBY 12/14/16 04:44:19 PM
#140128   UJ 4 Hour Update pennies2007 12/14/16 03:57:45 PM
#140127   UJ 4 Hour Chart pennies2007 12/14/16 02:34:22 PM
#140126   The Fed's Magic Act pennies2007 12/14/16 12:41:28 AM
#140125   EU weekly pivot turned it investorshub.advfn.com/uimage/uploads/2016/12/12/nfqlzeu_week_pivot javalin 12/12/16 03:42:19 PM
#140124   new pivot indie-and can set alarms javalin 12/11/16 09:45:08 PM
#140123   EU Weekly Chart pennies2007 12/11/16 08:11:26 PM
#140122   i went back and looked at a couple javalin 12/11/16 04:09:55 PM
#140121   ok javalin 12/11/16 04:06:21 PM
#140120   I haven't seen his video before but I pennies2007 12/11/16 02:43:58 PM
#140119   Pennies have you seen this guys video using TDI javalin 12/10/16 02:24:38 PM
#140118   DOW Jones Long Term Outlook...Correction pennies2007 12/10/16 09:49:25 AM
#140117   UJ Weekly Chart with Ichimoku Cloud pennies2007 12/10/16 07:13:32 AM
#140116   No problem. Simple introduced the line chart concept pennies2007 12/09/16 10:25:16 AM
#140115   For some reason that line chart looks so Heavyweight 12/09/16 08:04:14 AM
#140114   One more view of the UJ 4 hour pennies2007 12/09/16 08:01:11 AM
#140113   And here's the UJ 4 hour chart showing pennies2007 12/09/16 07:58:13 AM
#140112   If we back off of the daily chart pennies2007 12/09/16 07:48:37 AM
#140111   Looks like UJ has put me into a Heavyweight 12/09/16 07:16:43 AM
#140110   informative site javalin 12/08/16 07:27:28 PM
#140109   DOW Jones Long Term Chart Outlook pennies2007 12/08/16 06:47:07 PM
#140108   Yep Heavy, I've got things narrowed down to pennies2007 12/08/16 06:39:53 PM
#140107   Talk about a basic chart pennies. I've been Heavyweight 12/07/16 06:48:30 PM
#140106   UJ 4 Hour Chart pennies2007 12/07/16 10:07:43 AM
#140105   Yep, I had one over a week ago pennies2007 12/06/16 10:43:50 AM
#140104   A/U climbing , decision 6 min . KIRBY 12/05/16 10:25:27 PM
#140103   I am long A/U , and E/U KIRBY 12/05/16 09:08:16 PM
#140102   Pennies have you already put up a chart javalin 12/05/16 08:57:23 PM
#140101   i too took some green pips off of javalin 12/05/16 08:49:46 PM
#140100   Evening Jav. I took profits on some flipper pennies2007 12/05/16 08:46:25 PM
#140099   Tks shortly going to get back in on javalin 12/04/16 11:16:38 PM
#140098   nice trading Jav . added to my U/JPY KIRBY 12/04/16 11:12:56 PM
#140097   EUR/USD i set this target up Friday via javalin 12/04/16 10:39:38 PM
#140096   New Zealands Prime minister just resigned --that otta javalin 12/04/16 07:29:33 PM
#140095   Evening Pennies-took a fast profit on my Usd/jpy javalin 12/04/16 07:19:01 PM
#140094   Evening gang. The Italy referendum is gonna make pennies2007 12/04/16 05:45:40 PM
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