Hi Phoenix, Thanks for all the advices and suggestion.
Regarding Trading in the Zone by Mark Douglass, I interpret the Edge as an indicator, you open my mind and is really my all trading strategy. I think you have more experience then me with the MACD, can you give me more details, I'm following the Bollinger Bands, since I wrote in the Threat "Frustration" i began using the Candlestick Pattern, and I'm looking for only 10 PIPS per trade, I would like to know more about the MACD, Can you give me a little hand with that please? if you want to do it thru e-mail, mine is fx_trader_rookie@yahoo.com, please feel free to contact me.

Thank You

Hi Phoenix,
Just a quick message to thank you for your valued help and suggestions. I have taken your advice and bough the book you named, Trading in the Zone by Mark Douglas and will be reading and applying it over the next few weeks. Hope you can keep the good advice going for us all and offer any tips and suggestions.
Best wishes for 2009,
BARRY

I have read alot of your posts and you have been very helpful to me. Thanks!

Ok guys. Welcome pipstreets. We have been looking for direction for four years. We have been through lost of trials and lessons learnt. Who knows, theres probably more on the way. One thing is for sure. There's money to be made in the markets and if the Richest Man on earth (Warren) did it, so can you. No one is more human than the other. Its just circumstances that are different.

BTW, I'm now much more successful combining RSI, MACD and Fibonacci. I think stochastics can take 4th place in priority...

Sorry, I was busy searching based on the info you gave me; I didn't notice you in the chat room until you were long gone.

Anyway, I brushed up a little on my technical analysis and realized that I've been largely ignoring MACD, which is really dumb.

Besides that, I fell in love with the EUR/GBP pair. Forex.com gives me a 2 pip spread for it, while almost all the other pairs' spreads often exceed 10 pips. But the big thing is that it seems like they can't screw me and move the market against me when I place an order on that pair. I think it's because it's a non-USD cross so it's too complicated for their system.

I went from $1200 up to $1900, then quickly tumbled down to $300, but I'm not giving up. I started catching up today and I think, even with this tiny amount, that I'll be able to trade wisely and climb back up.

I looked into OANDA and it looks nice, but I don't have permission from the lady to invest more into forex. So I'll just do the best with what I have.

can we just go chat in the chat room since we're both here at the same time? Thanks a million!