Kreslik.com - traders community since 2006

Sound advice TRO, however just now GBPUSD gapped up 60 pips on UK retail sales news. I chased it and got 18 pips!
Also, look at the build up, a lot of front running going on. Anyway, I guess it's always safer to get in after the fact for quick gains.

It just happened again! EURUSD weakening, red candle. I entered short at 1.5420, this time just before US retail sales data which came in positive. Price dropped 40 pips before I could react (I only wanted 10).
Am I onto something?

I just made a lightning-fast 30 pips (was aiming for 10) on GBPUSD.
Day candle moved to red, negative UK employment and trade balance numbers came through, I entered short AS THE NEWS CAME THROUGH and the price dropped 30 more pips before I could grab the ten - I want my money back.
No wait...

I think the "go with the flow" strategy is pretty much unstoppable when combined with economic news. I use this timetable for upcoming data: http://www.gftforex.com/resources/calendar/calendar.asp and then I check the results via Bloomberg or some other news feed as it comes out. If the do...

Wow! Glad to be of help!
It takes guts to trade like that but I would have made at least 10 pips today on each of the 5 dollar-pairs that I watch (EUR GBP JPY CHF AUD).

In fact when I first started trading that's exactly what I did - and made 10 pips. Then I started listening to the experts....

I like this strategy. Why not simplify it even more?; When you turn on your computer and see a green day candle, trade long for 10 pips. If it's red, trade short. No need to wait for crossover points, the price IS crossing a point. Risky? So is crossing the street, but the chances you'll have found ...

I don't see how you can beat TRO's method coupled with a good money management system. Especially if you only trade in trend directions, you'd have to try hard to fail.

Decided not too in the end. They emal their results each week and I thought most people could make just as good an educated guess at the price movement.
Just not quite accurate enough for me. Maybe I'm fussy.

Yes it looks like that but is apparently a direct prediction of price.
If those results are to be believed it appears they get the weekly direction right quite a lot.
Well, as the Pound is high at the moment maybe 49 bucks is worth being the guinea pig for.
Or maybe not.

Has anyone seen/heard of this site http://eminiforecaster.com?a_aid=a7711a40 They claim to have developed an algorythm to accurately predict market movement and pivot points. They show previous results. Does anyone know anything about them? I googled quickly for reviews and found zilch. The claims m...