Apr 14th, 2006, 02:15 AM
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#1
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HSM Newbie
Join Date: Aug 2005
Location: BK, NYC
Posts: 80
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My 2 cents.
Imma complete nub.
I like metatrader 4 forex platform. It has oogles of TA Indicators;
Check out Metaquotes, they explain the TA stuff.
Second to that, I like fxsol.com's platform as well.
Babypips is an awesome read.
Forexnews has umm... news.
I'm not an idiot. I choose not to use proper engrish. 
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Apr 14th, 2006, 03:12 PM
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#2
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HSM Newbie
Join Date: Nov 2005
Posts: 148
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babypips is an incredibly sweet information source. Thanks!
__________________
Habeas Corpus is for GIRLY MEN!
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Apr 14th, 2006, 06:47 PM
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#3
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HSM Newbie
Join Date: Jan 2006
Posts: 50
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babypips is nice for beginners. Should be in the FAQ sticky somewhere.
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Apr 14th, 2006, 07:29 PM
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#4
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HSM Newbie
Join Date: Aug 2005
Location: BK, NYC
Posts: 80
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I'm still a nub.
This is what I learned as a noob.
Trading on forex. 1 of 2 ways I see of making gains.
1) Get the 1-10 pips worth while the pair is channeling.
Channeling eh? Find your support and resistance. Let it bounce back and forth. Get in at either of the extremes, and close at the opposite.
2) Get over 10 pips from breaks.
Same support and resistance. You see it break it with at least 4 small bars or 2 long bars (assuming your using candlesticks), open some positions.
Why do they break? hmm.. news maybe?
__________________
"Absorb what is useful, discard what is useless, and add what is uniquely your own." -Bruce Lee
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Apr 15th, 2006, 12:08 PM
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#5
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HSM Enthusiast
Join Date: Feb 2006
Posts: 534
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Newbie here as well and have been doing just that and it's working so far. What is your favorite chart? I had the most success with the 30 minute chart for identifying a channel and the 10 minute chart for the entry and exit points (since while it's in the channel, it rarely actually hits the support/resistance).
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Apr 15th, 2006, 08:17 PM
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#6
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HSM Newbie
Join Date: Aug 2005
Location: BK, NYC
Posts: 80
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I look at the bigger picture first using a 4 hour chart. After identifying general trend, I move down to a 15 or 30 minute chart.
__________________
"Absorb what is useful, discard what is useless, and add what is uniquely your own." -Bruce Lee
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Apr 15th, 2006, 08:42 PM
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#7
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HSM Newbie
Join Date: Aug 2005
Location: BK, NYC
Posts: 80
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I started a trading journal at http://4xjournal.blogspot.com/.
__________________
"Absorb what is useful, discard what is useless, and add what is uniquely your own." -Bruce Lee
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Apr 16th, 2006, 02:44 AM
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#8
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HSM Enthusiast
Join Date: Mar 2006
Posts: 580
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Quote:
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Originally Posted by Seraph
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some cool charts on your blog, can you share the exact file you used for the squeeze? I got one from the forex-tsd site but am trying to tweak it to look like yours.
thx
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Apr 16th, 2006, 03:59 AM
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#9
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HSM Addict
Rank: Junior Analyst
Join Date: Mar 2006
Posts: 1,257
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hey S will u post your losses too? some people dont like posting losses
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Apr 16th, 2006, 11:51 AM
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#10
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Moderator 
Rank: HSM Hitman
Join Date: Feb 2004
Location: darkest scariest corner of your soul...
Posts: 10,594
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Quote:
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Originally Posted by Seraph
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Nice Blog--thanks for sharing.
Best of luck to you with your trading!
-w
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