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Old 06-16-2010, 08:30 AM   #78
van_driver
I *Fwap* *Fwap* *Fwap* to RS
 
Join Date: Aug 2007
Location: Internet
Posts: 1,564
Thanked 572 Times in 130 Posts
Failed 154 Times in 35 Posts
I mostly trade EU and UJ. I find these two pairs have very clear trends and are quite volatile, which I like. Sometiems i'll wander into AUD/USD but not too often. Sometimes i'll sit infront of my computer for hours without making a trade, i realized standing on the sideline is also a position! Yes, your right, my time frame is strictly 15 mins. I used to do 4 hours and 1 hour just cuz I thought I wouldn't have to sit infront of my computer as much but usually in the larger time frames you can hit your stop loss really easily before you make any profit, this is especially true if you have a small account.
Regarding charting software, I think i'm used to FXCMs software. Mostly all the indicators are available and the black background is easy on the eyes if your staring at it for hours on end lol.
As for pivots, I haven't used them yet for a trade but i've played around with them. My trading technique is very simple. I have a rule of three and don't listen to bullshit outside of my charts because all it does is cloud your judgment. (this includes websites like forexfactory.com)
And yeah i remember you were trading like crazy with several pairs. I think of pairs as different humans. Each has a different mind and you kinda have to understand each one inside out to know what it's gonna do in the future. Thats why i keep my self limited to a couple of pairs.

edit: here's a good website for forex news if your into fundamentals http://www.forexeconomiccalendar.com/
-I'll look at it once in a while to see if theres anything big coming up but don't trade based on what information I get from it.
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