tomyeomans

The Forexgrail is basically a 2 sma system itself, but what makes the difference and gives you the edge is knowing the true strength of the individual currencies in the pair you are thinking about trading. It turns an easy system into a supercharged system. The meter and a good idea of whats happening economic-wise for both countries involved in the pair you are looking at makes a difference. The meter finds opportunities in pairs you most likely overlooked in the past.

I liked the twitter trial last week but it didn't produce a lot of people. My email lists a few thousand people but only a few handfuls of people went in. Oh well. In this business, free is almost a poison word.

This week I am going to be busy working on a few programs for this winter.

To recap on silver trading, I use the strength of the US Dollar and Gold to tell me whats about to happen with silver. Correlations are important in trading derivatives. When you think about it, that makes a lot of sense compared to waiting for the doji to hit the seventh heaven of the ninth ring on Jupiter.

Something no guru wants to tell their students is that there really isn't a substitute for experience. Usually, the people who need to make money in forex desperately, are the ones most likely to fail at it. Desperation calls for risk.

I hope everyone has a great week ahead.
http://tradetime.ca

Here it is Friday the thirteenth. I have finished off the week on twitter and I hope its been refreshing for those who participated. I like silver over forex but as you could see, the meter points out forex pairs as well as great opportunities in metals and other commodities (Because they are priced in US dollars). Using CFD type silver brokers allow us to use a standard forex type platform and bounce between metal and forex.

This morning the moves were easy to see and quite easy to capture since I use correlations instead of technical indicators. The only technical type tool I use is my currency meter. On the charts, I use lines instead of bars or candles since I want to see smoothing and I only need to see the USD weaken and Gold begin to strengthen. Sure as shooting, silver follows and at fifty bucks a tick, it pays off big time.

Now, I will be cruising the silver dealers online this weekend (ebay) to see what I can buy physical silver for. Most people reporting to me after twittering were using demos but they claim an average of 9,000.00 with one only lot exposure for four days of trading. I wish everyone a great weekend and don't listen to the foolishness about the 13th being a bad luck day. Its only been bad luck for the people trading against us.

tom-

p.s
Some people stayed in trades after I left twitter and made a few k more for the day.

My favorite trade is silver. I use the MT4 platform with a dealer that allows metal or cfd trading. These prices are a mirror ,not a price through the official exchanges. Just like CFD's they are a mirror of the real exchange traded prices. Silver pays out $50.00 a tick if there is a full lot involved against $10 bucks a pip.

The currency meter is a crucial part of my methodology since the Strength of the USD directly changes the price since silver is measured against the USD on most platforms. I have been dabbling in silver in a serious way for more than a year buying physical whenever possible.

This week I have been tweeting for a few people on how I see the market in real time. It was a slow start and with a holiday yesterday, well, I see some nice moves coming up.


This link is time limited to the week of Nov 9-13 only.

I have made up a twitter post using the name LongTomSilver and my old handle Canadiantom. I will post a few observations this week on Forex as well as my favorite metal Silver. You are welcome to join me.


Lets see if this works for the week and I may expand it. This is very specialized and most likely will not appeal to pure technical traders. I use almost pure fundamentals with reliance on correlations in Forex - metals - Indices using News events. I am heavily dependent on my currency strength meter to give me the overall look of what certain currencies are doing.

I don't want to tell people when or how to trade. I will just relay my observations and decision making process. This invitation is only given to one of my email lists where people expressed an interest in metals so subscribers can be kept fairly small.

When I mention the CAD or the USD, swissy etc. I am referring to them as individual entities, not in any particular pair combination. The CAD is strong simply means in its performance against all the other combination pair sets.

Well,, that's about it. I hope you learn a bit this week.
tom-