Options Wonderland

[dalcindo]

Re: Forex

Forex is very technicals friendly. The Fibs are excellent applications for it. I reinforce my directional positions using the combination of UUP, UDN, XEU and USD, as well as relative strength charting of UUP:UDN and XEU:USD.

These charts are listed on pages 5 and 6 on my StockCharts.com public list. The daily USD chart on page 5 has been the most reliable source for directional biases when trading the EUR:USD pair.

I trade using OANDA.com, get some sentiments from DailyFX.com, and get news from FX360.com, all free of charge.

OANDA offers the best spreads, whereas FXCM offers one of the best trading platform (which I have considered, but not interested in moving away from my familiar charting in OANDA).

- Dalcindo