The market decides the exchange rate, no calculations are necessary, it is just the point at which sellers and buyers are prepared to do business. There are many factors that economic theory suggests determine this level. Just think of things that ...

Who sets exchange rates?

What are you on about 'big discussion and arguements(sic)'? The passage refers to the trait of letting profits run, not just patience. I don't know where you got that 'philosophical bs' from.

Help explain Livermores' quote

"Believe nothing that you hear and only half of what you see." Benjamin Franklin

Advice Only. 1 Liners Concise.

If I am not mistaken, there appears to have been a change in the TTO default. Is this all part of Obama's hope and change policy, has Justin made things happen or am I just imagining it? edit: I think I was perhaps, as you American's say, 'tripping'.

MB Trading Futures - Introduction

Here's a few ideas for you: url Personally I like to use market structure on longer term trades, so if price is in an uptrend I will put a stop below the higher low and continue to trail the stop using the higher lows until either my target gets ...

How you place your stop loss?

Ah damn, you caught us. That's right, the Brits were planning to manipulate the world again but we've been foiled by Hector Rivas Jr (a man with the charisma of the Coco-pops monkey) and his genius pals. The most damning piece of evidence comes when ...

Something interesting about George Soros

What distinguishes a price chart from a weather chart is that price has some semblance of memory. Even if the market participants are not aware of the chart patterns or potential support and resistance, as can be witnessed when observing charts of ...

technical analysis on the charts not related to trading

I agree, but there are different shades of bullshit. A bucket shop profits when you make trades that lose and are dissuaded from taking winning trades, so it follows that they are more likely to give out misleading information than an ECN that ...

FXCM Discussion

Taking trade advice from your bucket shop broker is like having a boiler room salesman as your 'independent' financial advisor. Better to ignore it completely, in fact anyone else's trade advice is likely to mislead you or dissuade you, especially ...

FXCM Discussion

There's an old story that I recall about a challenge laid down by an academic to Dr Alan Andrews (of pitchfork/median line fame) to forecast weather cycles using his technical analysis tools. The tale goes that Andrews persistently sent him ...

technical analysis on the charts not related to trading

No worries. Check out BillyRayValentine's thread in the Interactive Trading forum called 'No Brainers' for a great explanation of support and resistance levels.

EUR/GBD and EUR/USD in my opinion

The 100000000000000 ZWD note (one hundred trillion) gets you $33, or at least it did a couple of days ago. Inflation is running at 3000% a month or something ridiculous like that. And you thought GBP was weak....

Any brokers offering ZWD currency? (zimbabwe)

I don't watch EURGBP but that looks a lot like a 1-2-3 bearish reversal. Price was in a strong uptrend, making higher highs and higher lows but now has made a lower high and a lower low. It does not mean the trend is over necessarily, flags and ...

EUR/GBD and EUR/USD in my opinion

GBD - The Great British Dollar? There was talk not so long ago about the UK adopting the USD. Crazy talk no doubt. If a pair is going up fast why on earth are you looking to oppose it? The market is talking to you, screaming in your ear and you're ...

EUR/GBD and EUR/USD in my opinion

Excellent monsieur leblang, appreciate it. It's all we can ask for, an ear that you can lend us and a shoulder to cry on. Perhaps the majority are happy with the way it is.

MB Trading Futures - Introduction

Awesome link blazer, I've been listening non-stop the last couple of days. Made me feel all suffistikated and kulchered. Currently enjoying Kanon-D by DJ Ohan Pachelbel.

What kind of music you hear while you trade?

Just like everything else, take it with a pinch of salt. I thought the article was quite apt because of what it said about economics and politics being given the oxymoronic title of 'sciences'. Sciences are consistent and are able to be formulated. ...

How to use Fundamentals to make Money

Someone asked about good sources to keep abreast of the fundamentals. I don't think you'll find a better source of informal yet informative commentary on the foreign exchange markets than the daily 'Currency Currents' newsletter from Black Swan ...

How to use Fundamentals to make Money

I feel you, but I reckon, and my reckoning is based on nothing else but pure supposition and thus, quite fallible, that the TTO function is primarily used for stops, so in the interest of saving energy Navigator should incorporate this to be the ...

MB Trading Futures - Introduction

url

Alpari backtest data may be total nonsense!!