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Re: auroradude post# 42546

Monday, 02/18/2013 9:40:44 PM

Monday, February 18, 2013 9:40:44 PM

Post# of 90887
Thanks for the reply AD!

What are your thoughts on Oanda as a FX broker? I wouldn't have even thought of a broker going belly up. I haven't researched it much but, it seems like Oanda is one of the biggest and oldest fx brokers around.

I would agree with the fact of much to learn. I look forward to absorbing myself in forex for a while learning and studying as much as I can.

I asked DA already but, do you put any consideration into candlestick patterns? I have seen many youtube videos where some guys use these types of plays almost exclusively and maybe use an indicator or 2 for some confirmation.

A guy that really advocates the bullish/bearish engulfing patterns is Oliver Velez. I know all about his scammy dealing with running prop shops but, does his technical analysis make any sense? Could it really be that easy? A good reversal candlestick pattern and a good risk/reward ratio sounds like it's too simple but, maybe it is that simple? Thoughts?

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