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Monday, 08 September 2008 |
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Trading 101
FXO Trading Systems
Forex Blitz Explosive Day Trading Systems
All You Need Is To Take ACTION Right Now
The choice is REALLY yours. Right now you are literally seconds away from grabbing the entire EXACT, STEP-BY-STEP blueprint used to trade the Forex markets today. I started my profitable Forex trading several years ago and I'm enjoying the joy of it now. The only question is when are YOU going to trade profitably?
To your success in profitable trading, FX Operator Private Currency Trader, EzineArticle And FX Operator Author P.S. You are getting the ENTIRE book at just 10 pips! You are practically swiping the same strategies at a steal at this price. P.P.S Imagine what your trading career would be if you didn't know all these valuable strategies. And imagine how much money you could be losing out if you didn't start trading profitably right now. What are you waiting for?
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| glenyang |
Re:Forex Blitz Explosive Day Trading System
Apr 17 2008 14:33:22 FXOperator wrote:
The attached picture shows my trade for the Cable today.
Errrr FXO, need some confirmation: Your pinky fibo levels are plotted from Mar27-High to Apr01-Low? I must say I'm really enjoying your session indicator. Suddenly the trading hours seem so clear on the chart Makes my time zone conversion spreadsheet on my billboard looks obsolete. Still learning your calculator though. Regards, Glen |
#1970 |
| FXOperator |
Forex Blitz Explosive Day Trading System
Apr 17 2008 22:29:16 Hi Glen,
Glad that you are benefiting at least something from it. Although I came up with the system, for the indicators, it was given by a user. In fact, there are plenty of them you can get from the Internet. Regarding the Fibonacci levels, yes you are right. It was plotted on the daily chart with the high at 2.0191 to the low at 01 April. The calculator is good (I use it every time I trade), you can also use it with any other systems that rely on Fibonacci support and resistance levels. |
#1971 |
| glenyang |
Re:Forex Blitz Explosive Day Trading System
Apr 18 2008 03:54:22 FXOperator wrote:
QUOTE: Thks for the reply. Your calculator is greater than good. Using your calculator, I did a few sample trades on my demo (gbpusd) and it's 4 wins / 1 loss so far. Not bad for starters. (I also noticed that Alpari history is 1pip from your hi/lo....hmmmm) 2 queries on your calculator here: 1. How should the figure beside that "0.5" be interpreted for? 2. Based on your NB system, the "Buy" and "Entry" figure should ideally be similar? Regards, Glen Yang |
#1972 |
| FXOperator |
Re:Forex Blitz Explosive Day Trading System
Apr 18 2008 15:21:04 Hi Glen,
The 0.5 is actually the 50% level of Fibonacci retracement level. Based on my NB system, yes you are correct. The "Entry" figure should not be more than the "Stop Loss" level. If you have an entry better than the "Buy" recommendation, your stop-loss would be lower. |
#1973 |
| glenyang |
Re:Forex Blitz Explosive Day Trading System
Apr 22 2008 02:00:45 FXOperator wrote:
QUOTE: Thks for the reply. I use to just draw the fibonacci just on the D1/H1 timeframe but couldn't see the relevance of it for shorter timeframes. All websites explaining fibo just say the obvious "Draw this from hi/lo or lo/hi and you get the retracement levels. But they never mention that you gotta draw a few more for each time frame chart to see the big picture. Ahso, now I know ..... one got to see its relevance at different timeframes given the same period. Many thanks for your patient explanation and illustrations. |
#1974 |
| FXOperator |
Re:Forex Blitz Explosive Day Trading System
Apr 22 2008 13:04:19 Hi Glen,
Yes most websites only teach how to draw from high and low but they never specifically tell you that Fibonacci retracement can be drawn on smaller time frames. Sometimes, you can get a minor swing high and low within a day. So the entries could be different. |
#1975 |
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Math is not about numbers only. There is also a science called "geometry". Igor Toshchakov (L.A. Igrok) |