"Hi
My name is Michael Thomas; you might remember me as the former Head of Training for PremiereTrade. I have been friends with 'best-selling' Forex author James Dicks for many years, and have learned a great deal from him. James is…"
PJ Shimkonis's Discussions
Trend Percentages
If Forex trends occur about 20% to 30% of the time only, what is the best technical terminology to use to describe the rest of the trend?
Started May 27, 2011
USD/JPY 03/2011
2 Replies
Like the NZD/USD, the USD/JPY is in the daily sell position since the high-low average for 15 Mar 2011 is below the weekly median. Today at the 5PM open the USD/JPY made approximately 494 pips in a sell position for the day.Continue
Started this discussion. Last reply by PJ Shimkonis May 6, 2011.
Stochastics: n-Period Settings
3 Replies
%K fast, %D slow - there quite a few settings to use in stochastic formulas. My question is this, "What is an optimum n-periods (number of periods) setting to use for day trading, and for intraday trading"? (05, 03, 03) is one short setting used and…Continue
Started this discussion. Last reply by PJ Shimkonis Mar 7, 2011.
PICKING TOPS & BOTTOMS
Were you told not to hunt for top and bottom tags when trading? One great dream of scalpers is to be able to pick the start of a top or bottom of a trend when trading Forex. Follow and aim for short, quick profits in whatever time frame you will end…Continue
Started Nov 15, 2010
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PJ Shimkonis posted a discussionStochastics: n-Period Settings
%K fast, %D slow - there quite a few settings to use in stochastic formulas. My question is this, "What is an optimum n-periods (number of periods) setting to use for day trading, and for intraday trading"? (05, 03, 03) is one short setting used and (21, 09, 09) is a longer setting. Why, a larger number is used for %K fast and a small number is used for %D slow. A divergence setting is opposite this and even the n-periods setting changes depending on the length of the trade. See More
PJ Shimkonis posted a discussionScalping Strategy - MACD and Stochastic
I've used this with some success, but it could use some fine tuning. The timeframe and currency pair chosen can be any. Set EMAs at 55, 21, 9, and 5 (55-red, 21-green, 9-gold, 5-yellow).Set MACD at 21, 55, and 8.Set Stochastic at 8, 3, and 5. Look first for the MACD signal line to cross the MACD histogram moving either up or down, depending on the trend. Look second for the stochastic lines to cross in the same direction as the MACD histogram moving either up or down, depending on the trend.…See More
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Comment Wall (2 comments)
- At 3:42pm on January 23, 2012,
OTCFX said… - Hi
My name is Michael Thomas; you might remember me as the former Head of Training for PremiereTrade. I have been friends with 'best-selling' Forex author James Dicks for many years, and have learned a great deal from him. James is launching a book tour and training course centered on his latest book "The Forex Edge". James mentioned I was the best person he knew to launch a Forex Introducing Brokerage firm. One of the most important lessons I took from James is the importance of unparalleled customer support. I am sending you a personal note letting you know that I have started a new Forex firm, OTCFX Inc., located in Lake Mary, Florida.
I started OTCFX to help solve many of the issues I see customers facing at their current Forex brokers. These firms are happy to take your deposit, but fall silent when you have questions about trading, charting, or bad fills. Over the years I have used my expertise to help my clients with problems, concerns, and questions about technical analysis. More importantly, I have helped clients understand how to place trades using that analysis. I have recently aligned my firm with ILQ (Institutional Liquidity). ILQ is a NFA registered Forex Dealer Member that only deals with institutions like OTCFX. This arrangement allows me to act as an intermediary on behalf of my clients. Also, this partnership removes the concern that ILQ will treat me as their competition as I have experienced in the past.
Aside from having a mutual belief in doing what is right by our customers, one of the main reasons that I choose ILQ was the large number of currency pairs available to trade. Right now you can trade up to 50 different pairs that include 11 majors, 21crosses and 18 exotics. I believe having strong customer support and a wide array of currency pairs to trade will make my firm an attractive option for you.
I hope you will consider my firm for trading in the Forex market. I have always enjoyed my relationships with my clients in the past and I would truly enjoy serving your Forex needs in the future.
If you have any questions, let me know.
Thank you and take good care.
www.otcfx.com
--Michael ThomasPresident/CEOOTCFX Inc.103 Commerce StreetSuite #100Lake Mary, Fl 32746*Trading in the Foreign Exchange market involves a significant and substantial risk of loss and may not be suitable for everyone. You should carefully consider whether trading is suitable for you in light of your age, income, personal circumstances, trading knowledge, and financial resources. Only true risk capital should be used for trading in the Foreign Exchange market. Any opinion, market analysis or other information of any kind contained in this email is subject to change at any time. Nothing in this email should be construed as a solicitation to trade in the Foreign Exchange market. OTCFX Inc. (NFA ID# 0431979) is a registered Introducing Broker for Institutional Liquidity, LLC (ILQ). If you are considering trading in the Foreign Exchange market before you trade make sure you understand how the spot market operates, how OTCFX is compensated, understand ILQ's trading policy and rules and be thoroughly familiar with the operation of and the limitations of the platform on which you are going to trade. This message and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom it is addressed. It may contain sensitive and private proprietary or legally privileged information. No confidentiality or privilege is waived or lost by any unintended transmission. If you are not the intended recipient, please immediately delete it and all copies of it from your system, destroy any hard copies of it and notify the sender. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. OTCFX Inc. reserves the right to monitor all e-mail communications through its networks. Any views expressed in this message are those of the individual sender, except where the message states otherwise and the sender is authorized to state them. Unless otherwise stated, any pricing information given in this message is indicative only, is subject to change and does not constitute an offer to deal at any price quoted.
- At 8:33pm on March 7, 2011, PJ Shimkonis said…
- Enter the trade at or near trendline support
© 2012 Created by James Dicks.
