2009.05.16 WHY 95% OF TRADERS FAIL - PART II

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JESGPY
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Postby JESGPY » Wed May 20, 2009 2:52 am

TRO.

DO you have an Indi that shows the overall direction of one currency.?
For example taking the movement of EUR/USD, EUR/GBP, EUR/CHF EUR/JPY, can you see the over all direction of the EURO. ?

This will be really helpful.

THANX
JUAN

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TheRumpledOne
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Postby TheRumpledOne » Wed May 20, 2009 3:07 am

"DO you have an Indi that shows the overall direction of one currency.? "


http://articles.mql4.com/484
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Fxtraveller
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Postby Fxtraveller » Wed May 20, 2009 10:17 am

"You can be AWARE of what multiple pairs are doing and AT THE SAME TIME, be focused on your ONE PAIR on ONE CHART.

If you see all of the JPY pairs heading in the SAME DIRECTION, which way will you enter the trade? With or against the JPY?"

Fair enough, but then I wouldnt agree to anything less than the indicator that you wrote for that :)

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JESGPY
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Postby JESGPY » Wed May 20, 2009 12:19 pm

THANX TRO
Ill take a look at that.

JUAN

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Postby danbarn3 » Wed May 20, 2009 10:44 pm

Buy the strongest currency relative to all other pairs and is also supported in the same direction as its counterparts. Understand the correlated and uncorrelated relationships amongst the currencies.

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TheRumpledOne
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Bambi Meets Godzilla

Postby TheRumpledOne » Fri May 22, 2009 5:58 am

CLICK after you get your popcorn!

Bambi Meets Godzilla
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby hyperbiz » Sat May 23, 2009 2:42 pm

Buy weaker (sell stronger).

Big boys want to weak currencies - to get them cheap, and sell them later.

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Postby TheRumpledOne » Sat May 23, 2009 4:27 pm

THE SIMPLE FORMULA FOR TRADING SUCCESS

by Janice Dorn, M.D., Ph.D.

Image


MONEY MANAGEMENT
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5-21-09-SimpleFormulaForTradingSuccess.pdf
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Tue Jun 16, 2009 8:22 pm

Perhaps someone should tell BPUser and the rest of the "haters" on BabyPips about this thread.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby PINKPANTHER5 » Wed Jun 17, 2009 2:51 am

Yes this is a good point TRO. I remember I was in a paid chatroom service for forex and there were people there who were looking at the GOLD chart while trading EUR\USD. This part can be really tricky. I am yet to figure out how people look at other currencies to make decisions.

Which one would be first?? If we were look at the GBP crosses, which pair would be the first one to look at and trade on the other?

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