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tafy68 · 11th August 2007, 18:31

im gonna play with the $5000 dollar demo account for a few months before i invest real cash.

8ball- You say go for meduim term but I am not that kinda guy, im definately a day trader, I look for the ups and downs and try to sell high and buy low kinda thing.

The tools I use are:

15 min graph on the gbp-usd
RSI - relative strength index
MACD

basically when the rsi is above 70 and theres a downward trend happening where the 2 macd lines start to cross each other I sell.

IF the RSI is around the 30 mark and theres an upward trend and the macd lines are about to cross I buy.

Its very simple and there dont tend to be so many of these per day but they pay off, only problem is is that u gotta watch the graphs like a hawk..

Tell me ur systems guys

11th August 2007, 18:31	#62 (permalink)
tafy68 tafy68 is..... Ling Bah Join Date: Jun 2006 Location: Phuket Posts: 1,063 vCash: 500 Rep Power: 40	Re: FXCM, a bit more serious im gonna play with the $5000 dollar demo account for a few months before i invest real cash. 8ball- You say go for meduim term but I am not that kinda guy, im definately a day trader, I look for the ups and downs and try to sell high and buy low kinda thing. The tools I use are: 15 min graph on the gbp-usd RSI - relative strength index MACD basically when the rsi is above 70 and theres a downward trend happening where the 2 macd lines start to cross each other I sell. IF the RSI is around the 30 mark and theres an upward trend and the macd lines are about to cross I buy. Its very simple and there dont tend to be so many of these per day but they pay off, only problem is is that u gotta watch the graphs like a hawk.. Tell me ur systems guys