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I do not care a dime about fundamentals. Forex for me is a "guerrilla" war. Hit and run, hit and run. That's why I rely on TA and I trade TF5.
They make the rules here. Of course, they do!!! Look, they sell and buy billions each day. And what do we do? We trade minis
So, we should act as those kind of parasites elephants have stuck to their tail.
I do not like to be a parasite. Nobody likes. I think we may use fundamental analysis and TA as well. To create our rules. And what we are doing all the time. Our rules are the our trading strategies (by indicators or by EAs, irrespective of). We are trying to create our own rules to play this game but in reality the brokers are creating the rules for us (without informing as usual)and giving to us as much money as they (brokers) want. I understand it like this. That is why I am using indicators and trying to create some trading systems all the time.
Independence. Independence from somebody in the world who are creating the rules for this game, and independence from the brokers. By creating trading systems to understand all these problems as simple difficulties or conditions.
So, somebody in the world have good forex condition but our condition is difficult. That's all. Nothing else. But I think we are able to work under this condition. Because we are many people.
Some people are comparing data from this site with the MetaTrader's data to estimate the trend reversal: data from this website is coming the first and then you may see it in your MetaTrader. There is some trading tactics by comparing the data: if you see that gbp data 1.7415-19 (for example) according to website and 1.7418-22 according to your MetaTrader it means that gbp will go up. I did not test this tactics but some people are trading on real account using it. Especially in the beginning of the Europian sessions, or Asian etc to estimate the trend.
Astrological forecasting (something about Gann) for the next week from alpari broker. You may see on the chart the names of the planets (in Russian language).
I can not understand this chart and am not able to interpret it.
Just an example what the people are using.
Alpari broker published weekly analysis based on digital filters on EURUSD.
As this analysis for Russians only (I could not find any in English) so I will post some.
H4 - uptrend.
D1 - uptrend (for this Monday only).
W1 - nobody knows (may be reversal but seems everybody is waiting for tomorrow).
If anybody has the analysis from an other broker please post. To compare for example.
Last edited by newdigital; 12-12-2005 at 03:17 PM.
I like this thread. Finally I have something to offer you guys. I appreciate everything this site has accomplished and the members have offered.
This is a chart from my mentoring group; concorde forex group. You can find them on the the web at cfg.com
They offer this chart to everyone for 30 days for free. The lines you see in green are bank levels. They are not exact, but within 10-20 pips of turning the market almost everytime. Can this be profitable? yes, with money management it can. The GBP will often bounce 90-100pips off one of these lines on first contact. remember that is within 10-20 pips of this line. The bank level information is rumored to come from the bank of scotland.
As for the red lines on the chart, that is a new feature and i haven't had time to review their performance. it would appear that the R3 and S3 levels are the strongest and it would be profitable to trade from the channel labeled TCU/TCD to that level. A new Trend Channel appears at the open of the major markets; london, newyork, tokyo.
the price of these charts is $240/month after your 30day trial.
There are a lot of services for signals and forecasting which everybody may get for money. I did not mention these service. Why?
Because they are not responsible for my final results. It is the same with free service: they are not responsible for my money as well.
So, what is the difference? The companies who are producing the signals for money say that they are connected with somebody or with something who are telling them the right direction will be and they agree to tell it to us (for our money of course) even if we are not closed relatives of them. And nobody can prove anything.
That is why I am talking about the signals and analytics which everybody can get for free. And it is enough for everybody: there are free services, and almost each broker is providing this service as well (for free). So it is more than enough.
But it is just my opinion which may be different from anybody.
Linear Mode
