guys that trade FOREX

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  • Antonio
    Too lazy to set a custom title
    • Oct 2001
    • 14136
    #1

    guys that trade FOREX

    what time frame do you use and what indicators

    also what software did you use to train with your demo account, I'm trying MetaTrader, the no shortcut for closing a trade puzzles me though, you know like selcet trade nad hit say F7 to close it, as it is I have to do at least 2 clicks to do that
    Tags: None
    • Antonio
      Too lazy to set a custom title
      • Oct 2001
      • 14136
      #2
      also what time frames do you watch, if you trade on the ONE hour do you have the 4 HOUR and 1 DAY ones opened too or something else?

        Comment

        • MrPinks
          Registered User
          • Oct 2003
          • 1767
          #3
          bump. Can you still make money on this?

            Comment

            • L0stMind
              Confirmed User
              • Sep 2002
              • 1681
              #4
              yah you can make money at this.

              I used GFT before but am now using mt4.

              I watch the 15 min chart and watch trends on the 30, 60 min and 4 hour charts. If I enter a trade and have the room and growth is good, I'll move my stoploss up above my entry and remove the take profit and switch to the 30 min chart and let the trade ride. I don't like to carry trades overnight though.

              http://cashcore.com               - Make Money.
              http://ezprovider.net - Hosting.

                Comment

                • Antonio
                  Too lazy to set a custom title
                  • Oct 2001
                  • 14136
                  #5
                  Originally posted by L0stMind
                  If I enter a trade and have the room and growth is good, I'll move my stoploss up above my entry and remove the take profit and switch to the 30 min chart and let the trade ride
                  ha, that's pretty clever, thanks for sharing

                    Comment

                    • Myst
                      Confirmed User
                      • Feb 2004
                      • 4708
                      #6
                      what site do you guys use?
                      ICQ: 298-523-037

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                        • marketsmart
                          HOMICIDAL TROLL KILLER
                          • Dec 2004
                          • 20419
                          #7
                          metatrader... and right now i would follow trends and cost average down at the -50 pip and then -80 to -100 pip thereafter..

                          i only trade the usd/jpy right now, but normally trade eur/jpy gbp/jpy and usd/jpy..

                          this month has been pretty nice.. lots of nice up/down flows

                          i use all time frames. 15 min 30 min 1hr 4hr and daily to establish trend patterns.

                          i usually use 15 min chart to exit trades when i am in the money

                            Comment

                            • marketsmart
                              HOMICIDAL TROLL KILLER
                              • Dec 2004
                              • 20419
                              #8
                              i also use trailing stops on all my trades set at 15 pips..

                                Comment

                                • halfpint
                                  GFY's Halfpint
                                  • Jun 2007
                                  • 15223
                                  #9
                                  I watch the 15 min indicators and also always look at the weekly and monthly charts just to get a feel of what the pairs have been doing.For my real account I use fxcm.com and for the practice account I used forex.com

                                  yep you can make money with forex but you can also loose it pretty quick
                                  Last edited by halfpint; 11-20-2008, 10:05 AM.

                                  Get FREE website listings on Cryptocoinshops.net

                                    Comment

                                    • WiredGuy
                                      Pounding Googlebot
                                      • Aug 2002
                                      • 34517
                                      #10
                                      Originally posted by marketsmart
                                      metatrader... and right now i would follow trends and cost average down at the -50 pip and then -80 to -100 pip thereafter..

                                      i only trade the usd/jpy right now, but normally trade eur/jpy gbp/jpy and usd/jpy..

                                      this month has been pretty nice.. lots of nice up/down flows

                                      i use all time frames. 15 min 30 min 1hr 4hr and daily to establish trend patterns.

                                      i usually use 15 min chart to exit trades when i am in the money
                                      Why are you focusing on jpy as a primary currency?
                                      WG
                                      I play with Google.

                                        Comment

                                        • marketsmart
                                          HOMICIDAL TROLL KILLER
                                          • Dec 2004
                                          • 20419
                                          #11
                                          Originally posted by WiredGuy
                                          Why are you focusing on jpy as a primary currency?
                                          WG
                                          the base indicators i use were written for the yen pairs. the additional custom indicators i had written were also based on the yen.

                                          on occassion i will trade other pairs, but right now i find the yen very predictable..

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