Recent content by Forexwatchman

Like Pharaoh said, stay away from the lower timeframes, it's a pipe dream for a beginner or even experienced trader to do well at that level. The big banks run the show there with there EA's that actually work and cost way more than $99, but that's another topic. Like Ricex said (hi Ricex btw...

Well put WaveRider, there is no such thing as a Golden Goose being sold for $99. It really is an obvious fact, but greed and desperation overrule most newbies judgement. What cracks me up the most is how once you purchase the EA, you also receive access to some exclusive forum area where...

Thanks guys. It's good to be back... I guess. So far so good this week, I made 4 trades and came up 279 PIPS off of it. Actually it's a very refreshing experience to come back to your indicators and strategies and sort of re-learn it all over again. I'll do what I can to help out the FPA when I...

Some of the older members might remember me. I got into forex back in 2009 when the retail forex industry was at its peek and the heavy handed U.S. regulations were just a rumor we all tried to pretend would never come true. I got so excited by the potential of this new investment tool called...

Thanks for the reply Maluco. I can't give you a specific answer because to be honest I hardly ever incorporated RSI into my trading decisions and only applied it to the higher timeframes (4hr and daily). Some things to keep in mind though would be that the lower timeframes are going to give you...

I'm not a fan of FXCM. That said, I do recall a thread from July regarding a similar video in which Jason responded. You might find this thread informative https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/10903-fxcm-slippage-price-lag-active-trader-web-plateform.html

Thanks for your blessing Pharaoh:D

I recently completed a lesson for my own website regarding how to go about determining when price action is overbought/oversold. For the sake of discussion, I thought I'd see if there were any relivant threads here at FPA discussing this topic. I found one thread from 2007 which you'll find...

Well it's been a while since I've been visiting the forums, but what do you know the first time back and I see a question that I answered earlier in the year. I use fib levels every single day and highly recommend you learn to take advantage of them! Heres your answer: Fibonacci Made Easy Also...

m r p Thanks for your input and just know that I certainly hope you are right with regards to how far the black hand of the CFTC can reach global financial markets. I rarely do this but to sum up my stance on this issue, i's going to express some personal beliefs with regards to the bigger...

Sorry to burst everyone's bubble, but this has a bigger scope than just moving your account offshore. This means that any brokers who have registered with the NFA/CFTC/BIGGER BROTHER in the U.S. will have to abide by their leverage rules or lose their membership. That obviously means that all...

Great questions Bud, and I will give you my short and to the point answer, but feel free to ask more. Which time frame is the best? You will have far less fakeouts on a higher timeframe (anything 4 hrs and up) than on lower timeframes, but there are ways to resolve this problem on the lower...

Hope you're still in one piece Eric. That is quite an entertaining way of putting it. I like the analogies! The million dollar question becomes what specific indicator do you use for it. They come in different forms (pivots, trendlines, horizontal lines, moving averages, etc) but they are most...

Nice to see you hanging in there Eric! I also use Forex Tester 2! I got my alligator settings from a private forex coach who charged a lot more money than he was worth. Now I share it for free and I go over how I use it and how to set it up in MT4 at my website Forex-Nation I also go over how I...

Well it came sooner rather than later, but the final decision has been made as to how the new U.S. Retail forex market will be regulated by the CFTC and current government legislation. Final Decision: 50:1 for all major currencies, and 20;1 for the rest. As I’ve stated in both my articles, this...