Replies to post #69511 on Simple's Green Room

[simplegreen]

GM board...YW PanicButton...glad ya found us...you will learn a lot about FOREX with babypips so thats a great start.On technicals I suggest that if you dont know about the Quad Tunnel you really need it in all your charts..its something I designed several years ago and there is nothing better for finding support or resistance on all time frames from one min charts and up even to monthlies.
Build it by adding 4 EMAs to chart...EMA(121)...144...169 and 196....I color code mine with the 196 always purple so I know at all times which is the EMA(196)...thats important.Put the Quad Tunnel in your charts as well as an EMA(62) then check any chart you want on any time frame and you will quickly see why its so important.BTW thw Quad Tunnel is just as effective on any instrument...FOREX..stocks..futures..matters not.Its one of the best tools you can use IMO.
FOREX is IMO more a technical game than fundamentals but we MUST always watch for news effecting the fundamentals on all nations.
I think youre gonna love trading FOREX..its a hoot!!