Replies to post #6686 on FOREX TRADERS

[ElderWolf]

I'll tell you what Lava...let me answer that for you. Perhaps when you're done reading, maybe you can explain how you're doing fundamental analysis using charts.

Some quotes from your previous posts:

Patterns play a major role in my trading style.
http://www.investorshub.com/boards/read_msg.asp?message_id=15952029

Yes, patterns play a strong secondary role in the moves I make... http://www.investorshub.com/boards/read_msg.asp?message_id=15952029

...I can draw a trendline to determine the top/resistance or the bottom/support. http://www.investorshub.com/boards/read_msg.asp?message_id=15948774

I make my scalps, going long and short, based on market patterns. http://www.investorshub.com/boards/read_msg.asp?message_id=15854843

I use a 1-minute, 24-hour candlestick chart and I use it to determine when it's hitting support and resistance in a sideways pattern. http://www.investorshub.com/boards/read_msg.asp?message_id=15854843

[Mister Lava]

My credibility will be forever sealed when the website is up and I put my money where my mouth is. How do I call the EUR/USD spot on everytime?

A coglomeration of the following fundamental/financial/economic information:

Treasury Prices
All U.S. and Eurozone economic data releases
The Bid and Ask spread offered by the 8 major banks
Fed, ECB, U.S. Treasury speeches, press releases, and activities
Commodity and Future's prices and activities in those markets
Currency options activities

What I understand and what I see that technical traders don't see and don't understand is the fact that the currency market moves by the emotional responses that are made by the banks and traders to the above information.

Based on all of the above, patterns are formed, I recognize these patterns and make my moves.

Until we get this website up, I will start posting my signals on this website just as I will on the new website which should be up sometime in March.

Everything will be posted here, making it easy to track the results.

We already know what my first call was: a long at 1.3030. The market has moved 120 in the positive since I made that call.

I'll give the signals and if you or anyone else wants to trade on my signals, you'll have to decide when to take profit. But I'll tell you this, when I do give a signal, I guarantee it will give no less than 30 pips and as much as 80 pips or more within 24 hours of the signal.

When I give a signal it will be a winning trade, end of story.