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Old 12-24-2006, 10:22 PM
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ChampionFx ChampionFx is offline
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Hello ramdas

I didn't meant to be rude or anything and I din't try to say that moving averages are nonsense .
I'm also using moving averages with my trading as they are of some value
I just thought the way you're interpreting those points on charts with moving averages that is it nobrainer so easy that anyone can do it.
I tried to say that even if it may look so simple on charts , it's still some way from just getting signals here and there.
Futures and Commodities market was hard lesson to learn, I proudly admit as they are waaaay more expensive than Forex , with phone orders back then and some things can be used in Forex market but the other not , like inside day and outside day including key reversals on daily charts that many times Forex market did the exactly opposite of what public expected.
I'm trading on Ichimoku cloud indicator with looking at 1 hour charts with crossover of Kijun-sen line with Tenkan-sen line as a substitute for moving averages yet we all know nothing is perfect.
I'm right now doing some Automated expert madness like many other with Meta Trader 4.

HAHA.... I can't even understand why FXCM is making those entry positions
at the times when almost 80% of time there is immediate correction and their position is sinking from very beginning before chance for recovery unless after some quite period of time and many times trend reverses completely.
one have to wonder how many people are using their positions entry.

Ramdas, whatever you do just continue because if we don't try it we will not know , I'm also trying to find something new every day and I'm now regreting that I made that post because you're trying to give ideas to others and I looked like completely @ss skeptical of everything or something which I'm really not.
My apology and keep up good work .

Sincerely,
ChampionFx
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