BIGmonies
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- Status:
- Additional Username
- Last Online:
- Nov 5, 2013
- Using Local Time:
- 10:25am (1 hr behind you)
- Joined Forex Factory:
- Aug 2013
Input by BIGmonies
About
- Real Name:
- BIGmonies
- Trading From:
- Swaziland (map)
- Occupation:
- Trader
- Trading Involvement:
- Professional Trader
- Trading Since:
- January 2000
- Favorite Trading Book:
- Do-It-Yourself Coffins: For Pets and People, by Jeffrey B. Snyder (Amazon)
- Favorite Trading Quote:
- "I making the BIGmonies" — BIGmonies
- Biography:
- I have been trading in the Forex currency market since 2000, and have studied a few pairs on a more intricate level. I trade with what I have studied; using only the knowledge I have gained to influence my trades without having any outside voice affect my trades along with a few handy indicators.
As for the indicators, I love using Fibonacci retracement tools. Fibs are your friend. Along with Fibs I use Patterns, Gann Lines, Elliot Wave Patterns, Candlesticks, Ihimoku Kinko Hyo, Moving Averages (10,20,50,and 200 most of the times), and a few other indicators.
On H1 timeframes I use MACD (12,26,9) Stochs (5,3,3)
On a M15 timeframes I use Stoch (5,3,3) %R(14), RSI (10)
I use other timeframes as well depending on what type of trade I am looking for.
I would advise you to really, and I mean really study and focus one currency pair at a time. Study Price Action. Then start to study each indicator, one at a time. Start with a M1 timeframe. Don't rely on anyone else, because as soon as they fail you will be disappointed.
Please don't ask me to help with your trades. I do not give out signals, recommendations, or an analysis, so please do not ask. All I can say is study, study, and study hard. There is light at the end of the tunnel.
In my free time I tend to write very heavy and intense algorithms that are on average about 3,000 lines long. I find myself always updating the many algorithms I write based on price behaviors and patterns.
Excuse my thick accent it seems to come out more when I am on the forums. Currently I reside in the United States of America.
You can trade currency and not have to rely on anyone or any system. It takes a lot of work and many challenges will arise. It may seem complicated at first but after trial and error you will realize that trading a pair is not as difficult as it seems. It will become easier in time, and trading will be fun.
Input by BIGmonies
Links
- Website:
- stocktwits.com/BIGmonies
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