Coming back to life soon - Get your $50 Bucks ready!!!!

Well, it is now the end of the world as we know it. I would be looking for that first bounce when the big announcement we are all waiting for happens. Watch your long terms - and then look for the oppposite direction bounce on the oh 5 minutes, and minute then jump on it and stay. Make sure the bounce has happened before you jump in - Let the spread shrink a bit first - as it will be wild. Yes of course I am talking about the Dollar and and and- I dunno you pick the other currency. They will all be fun. Am I making sense? Who knows. Thanks for waiting all this time for my return!!!!

Last post

I will be discontinuing this blog soon. My fiction blog is becoming my primary focus and is gaining readers, while this blog does not seem to want to take off. Thank you for those who have been reading. I am writing every day at www.improvisationaloblivion.blogspot.com

Earth Day Forex

Stop by www.improvisationaloblivion.blogspot.com today

If that just irritated you and you need something a bit nicer try:

www.thestoryofstuff.com a very good short little film we all need today.

New to Trading Forex?

Sometimes I forget that people may be new to Forex. I know if you have never traded before you are trying to assimilate information as quickly as possible. You are having to weed through all the scam artists, con-artists, Guru's and bad brokers to find the right way to do this. First, I know the broker I trade with has a good reputation. Perhaps it would be a good idea to open a practice account with them as a starting point. There are several other good brokers out there. You can find good books everywhere. DO NOT buy any DVD courses, Robot trading software, Trading signals, or anything else. Just establish with a good broker (Try a few practice accounts) and get started. Drop by my website over at www.ragstorichesforex.com and read a bit. I also recommend checking out www.babypips.com and trying the online school they have. You can even test yourself on what you know. Also, read all the past posts here. You never know what you may find. Happy Trading!

The Euro Dropping

 I heard calls this morning that the Eur/Usd could drop down to $1.16 by the end of the year. So what. It also looks like it may drop through key support. Oh well. On the five minute chart it looks like I should look for an entry on the One minute chart, and punch in for a few more pips. I can feel my hands sweating. Therefore, I have decided to STOP STOP STOP. I am done trading for the day. I have hit my 10% for the week. What else can I ask for? Please grab the pips I miss. The account is now only $1.10 away from break even. The desire to get positive is so strong in me that it is ridiculous. Shutting down! A good week comes to an end. Yes, I am powerless over Pips. Oh yeah, go back a few posts and check out that chart set up that I show. It's working like a champ.

Politics and Forex

Well I hope that everyone got their taxes off safe and sound and easily done. For those of you in the United States who attended Tea Parties, all I have to say is, have you lost your fucking minds completely? Are you buying in to all of the anti-Obama rhetoric? Do you really think this Country was better off under the last group of complete idiots, who practically ran us in to the ground, past the point of no return? Are you really criticising Obama for pumping money into the system, just like the rest of the world, to desperately keep our population working? You guys who think that the Republicans have proven themselves to be fiscal Conservatives have really and truly gone way off the deep end. This is the truth: the Republican party, long taken over by religious loony tunes, is now long past dead. Stick a fork in 'em. Seriously, the temperature gauge is in the red zone. They will never win the Presidency again. Have you looked at the demographics? All I have to say is: good riddance. That's all for now. Happy trading.

Getting Lazy with Forex Charts

Everyone using robots can just ignore this and keep watching TV or lounging in the backyard or whatever it is you do. For everyone else, I had someone post me something that looked like this the other day:

S1= 1.3195
S2= 1.3133
S3= 1.3041
R1= 1.3349
R2= 1.3441
R3= 1.3503

 I know that we all know what these are, but let's complete a little drill. Pull up a clean chart of the EUR/USD and starting with the Day chart draw horizontal lines for all the resistance and support that you see. Use a certain color. Now do it for the three or four hour, one hour, thirty minutes, fifteen minutes, and the five, use a different color for each. Try drawing some as bands of resistance. I know this is very easy, but anyway, now compare what you drew to whatever you have that came to you from wherever. How close are you? Are you better? Sometimes I notice that I get lazy and just want to look at a bunch of numbers. The more proactive I am on my charts. The better.