keifer

The scalping method I use was developed through trial/error. I only trade AUD/USD when it is strongly correlated with EUR/USD. you can check the current correlation on MATAF. My broker has a 1 pip spread on AUD/USD. I use Oanda charts. To get a feel for a trade, I use the 89 EMA as a long or short filter, above it for long, below it for shorts. If it’s above then I’m looking for a pull back into the buy zone which is between the 10 and 20 EMA. I like the long/short filter to be in agreement on at least 2 time frames 1m and 5m or 5m and 15m. If they aren't in agreement then price is most likely consolidating and I'll start looking for breakouts. I use these moving averages as a guide only and a quick reference to see where price is at. I’m not looking for MA crosses. Before a trade I’m mindful of where the S&R and pivot levels are, if price is near a key level 00, 25, 50, 75, how much daily range is still available, what the current active wave is using fibonacci. The other indicators on the chart: ADX, RSI, Stochastic, MACD are secondary and just used for reference. For long trades I like on the 1 min EUR chart for the ADX to be above 20 and rising, RSI above 50 and rising, Stochastic hooking up from below 20. These are all secondary and used more to stay out of a trade if not showing what I like to see. I’m mostly looking for setups on the 5 sec EUR chart which works as a lead chart. It will sometimes move a bit sooner than AUD so can give a bit of an egde into a move. The trades are taken on the AUD/USD chart. I also have a 15M AUD chart up for reference of S&R levels. I’m looking for correlation between the EUR/USD, USD/CHF, and GBP/USD. The GBP is not so important, but it adds extra confirmation when it’s moving in sync with the EUR. I’m also looking for price pattern setups on the EUR 5m and 15m charts – failure of price to make a new swing high or low, followed by a reversal. Other trade ideas include fib plays, momentum moves, MACD divergence on higher time frames, and breakouts. Mostly I watch the price action and wait for the candles to hammer out a range. I’m looking for price to show some momentum which will be evident when the candles open and close at the extreme of their ranges. I won’t take a trade on the AUD unless it is confirmed with correlated movement on the EUR and opposite movement on the CHF. I’m looking for the trade to go in my favor straight away. If the momentum dries up on the EUR lead chart then I’ll cut the AUD trade for a small profit, breakeven or worse case a small 1-3 pip loss. Most losses are -3 pips... occasionally I’ll let it run –10. Looking for 10-20 pips profit, more if momentum is strong. Hope that gives you some ideas.

some... a bit slack when it comes to record keeping... have the latest statements for bank/broker. pm an email and you can see those if you wish

wouldn't say I'm rich from it but can report small consistent gains. Have taken 4 small accounts starting with £250 each to around 12k in about 4 months. Need to keep changing brokers though as eventually they put me on dealler referral which limits the outcome. Started out trading £1 per pip and currently doing 3-4£ per point. hope that offers some encouragement to keep working at it.

here you go http://www.mediafire.com/?sharekey=548d2535f4afb0d8ab1eab3e9fa335caff4bcfaa9aab2f3f

Here's the manual as a PDF if anybody requires. And the flash files for the two courses - just put the files in the relevant folders and use the 'blueprint.htm' and 'bonuscourse.htm' as start files http://www.mediafire.com/?sharekey=548d2535f4afb0d8ab1eab3e9fa335caff4bcfaa9aab2f3f

New ForexMentor course for you all... includes: The Ultimate Forex Trading Guide How to Gain the Ultimate Winninge Edge in Forex Trading Bonus - Forex Guide to Momentum Trading http://www.mediafire.com/?sharekey=548d2535f4afb0d8ab1eab3e9fa335ca4243570360184c73 enjoy

Re: Forex Mentor: Forex Profits With Macd Do you have the bonus files? BONUS 1: THE MACD-PARABOLIC ENTRY SYSTEM BONUS 2: USING INDICATOR OVERLAYS ON MACD cheers

Re: Leechers of FriendlyTraders amongst us There's a trader on the as1 site who has most of FTs top indicators and software. He sells the collection for $1500. Not cheap, but as their are many members here we could all pitch in say $1 each and buy it to share on here. Maybe a moderator can arrange it.

Re: Leechers of FriendlyTraders amongst us Here's how it works... they give their mates 30000 library points for some crap software or course. When you submit you get 1500 if you're lucky. I submitted a course which one of the moderators offered a 1500 reward. Instead he gave me 150 for it, nice! I wouldn't be surprised if the mods start selling their stuff for profit. I for one won't be contributing to it.

Re: Bill Poulos Next Forex Courses (Daytrading) Don't have the blueprint cards for this course sorry

Re: Bill Poulos Next Forex Courses (Daytrading) Course as videos: http://www.mediafire.com/?sharekey=548d2635f4afb0d81686155677bb26850af3f407cba1b5c6

Re: Bill Poulos Next Forex Courses (Daytrading) Just finishing processing the last video. will upload this weekend

Re: Market Matrix this file is corrupt: Market Matrix Course.part09.rar It should be 97,657KB but is only 92KB. Please reupload just this file cheers

Interactive training CD from Tradingthemarkets. 2004 release http://rapidshare.com/files/255449118/Abe_Cofnas_-_The_Secrets_to_Successful_Forex_Trading.rar.html