Comments on: Forex Update: Days 2&3 (and some personal stuff too) http://www.erica.biz/2005/forex-update-days-23-and-some-personal-stuff-too/ Erica Douglass, "temporarily retired" after selling a successful business at age 26, writes thought-provoking blog entries challenging you to change your life and daring you to become more successful. Sun, 12 Feb 2012 01:40:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jesse Shumaker http://www.erica.biz/2005/forex-update-days-23-and-some-personal-stuff-too/#comment-385 Jesse Shumaker Tue, 25 Oct 2005 04:43:39 +0000 http://www.slashchick.com/?p=111#comment-385 I have recently started Forex and am really enjoying it. I love the whole 10 pip a day system and it isn't very hard to acheive. I have had very little experience thus far, and am starting to see some profits on my demo account. I'm placing my limits @ around 10 pips and trying to be conservative. I really enjoy this starategy and will continue investing this way until I find a stronger/faster way to make pips. My strategy is using MACD, Ballinger Bands, and RSI, along with candlesticks. If I come in around 11:00pm MST (when the London market opens) I almost immediatly see a trend that I can jump on. Anyways, it's encouraging to hear a fellow "forexer" who is new and learning like me. feel free to e-mail me anytime. I would love to meet and discuss forex strategy's with any of you. I have recently started Forex and am really enjoying it. I love the whole 10 pip a day system and it isn’t very hard to acheive. I have had very little experience thus far, and am starting to see some profits on my demo account. I’m placing my limits @ around 10 pips and trying to be conservative. I really enjoy this starategy and will continue investing this way until I find a stronger/faster way to make pips. My strategy is using MACD, Ballinger Bands, and RSI, along with candlesticks. If I come in around 11:00pm MST (when the London market opens) I almost immediatly see a trend that I can jump on.

Anyways, it’s encouraging to hear a fellow “forexer” who is new and learning like me. feel free to e-mail me anytime. I would love to meet and discuss forex strategy’s with any of you.

]]> By: Zone-MR http://www.erica.biz/2005/forex-update-days-23-and-some-personal-stuff-too/#comment-384 Zone-MR Sun, 14 Aug 2005 02:03:58 +0000 http://www.slashchick.com/?p=111#comment-384 I haven't had any experience before with Forex, and I'm quite interested by some of the things you mentioned... From your comments, it appears that you can make decisions based solely on observing the trends. If that's the case, it would imply that there are simple rules governing the fluctuations, and that it would be trivial to write a computer script which would automatically trade based on the "telltale signs", ignoring fear and greed, and earning you a fortune. If only life were that easy :) I would imagine the Forex market behaves in a similar manner to the stock market. If future trends were easy to predict, everyone would trade in the same way, and no-one would get rich. The only way to beat the stock market is to make accurate predictions based on information which the majority of other traders wouldn’t consider relevant. Either that, or trade randomly and rely on luck ;) In the stock market, no mathematical formula, analysis of past trends, or neural network system is going to tell you what the market is going to do next. Fluctuations are truly mathematically random. I would be very surprised if the Forex market was any different. I haven’t had any experience before with Forex, and I’m quite interested by some of the things you mentioned…

From your comments, it appears that you can make decisions based solely on observing the trends. If that’s the case, it would imply that there are simple rules governing the fluctuations, and that it would be trivial to write a computer script which would automatically trade based on the “telltale signs”, ignoring fear and greed, and earning you a fortune. If only life were that easy :)

I would imagine the Forex market behaves in a similar manner to the stock market. If future trends were easy to predict, everyone would trade in the same way, and no-one would get rich. The only way to beat the stock market is to make accurate predictions based on information which the majority of other traders wouldn’t consider relevant. Either that, or trade randomly and rely on luck ;)

In the stock market, no mathematical formula, analysis of past trends, or neural network system is going to tell you what the market is going to do next. Fluctuations are truly mathematically random. I would be very surprised if the Forex market was any different.

]]> By: George http://www.erica.biz/2005/forex-update-days-23-and-some-personal-stuff-too/#comment-383 George Fri, 12 Aug 2005 23:10:45 +0000 http://www.slashchick.com/?p=111#comment-383 Keep burning the candle. Time enough to sleep when you are dead. The only trick is you may get in a fatal auto accident a bit quickly. Personally, I'm avoiding that by sticking to the bike. Keep burning the candle. Time enough to sleep when you are dead. The only trick is you may get in a fatal auto accident a bit quickly. Personally, I’m avoiding that by sticking to the bike.

]]> By: FortKnox http://www.erica.biz/2005/forex-update-days-23-and-some-personal-stuff-too/#comment-386 FortKnox Thu, 11 Aug 2005 20:39:48 +0000 http://www.slashchick.com/?p=111#comment-386 You are going to kill yourself without that sleep. You may have missed those late night college days, but you are old enough that lack of sleep will start having a serious deterimental effect on your body mentally AND physically. Slow down. You are still waaay young and have time to do things at a slower pace. You are going to kill yourself without that sleep. You may have missed those late night college days, but you are old enough that lack of sleep will start having a serious deterimental effect on your body mentally AND physically. Slow down. You are still waaay young and have time to do things at a slower pace.

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