I agree with you Darkforce depending on the FOMC meeting. At the moment it's running for historical 7 month bull for the Dollar Index. Has not tested to around the 1.550 area so definitely possible. I think 1.550 is a good target for longs. ...

Cable Update (GBPUSD)

[quote=mitch77;7556821] It probably means that the majority of members here are either trading small minis or funding larger accounts and positions with credit cards or borrowed money.

NFA Approves Prohibition of Credit Cards to Fund Retail FX

I think its very relevant the majority were trading with borrowed money. Can't afford to lose, snowballs to bad decisions and MM.

NFA Approves Prohibition of Credit Cards to Fund Retail FX

[quote=PoundTrader;7556079]NFA looked at more than 15,000 retail forex accounts and noted that an overwhelming amount of these accounts were funded by small retail customers using a credit card or borrowed funds, and a majority of these accounts ...

NFA Approves Prohibition of Credit Cards to Fund Retail FX

But as the good book says always be weary of people who compliment you to much.

Cable Update (GBPUSD)

Maybe a cliché (and theres 2 many of them in the trading world thrown around) don't want to regurgitate dribble from the Internet but a trader needs to understand the market and himself before he can have a successful system. The market is a ...

Looking for Real Trading Method

No worries slow-trader wasn't questioning your direction thats up to you as opinions are dime a dozen here. Just running through your flag forecast. Good luck with your trading.

NZD/USD

Hi Slow-Trader, personally I wouldn't use that pattern as a flag measurement. Not meaning to be legalistic about it but mostly a flag slowly retraces back in a measured move say back to the 38-50% (so slops down or up) then should shoot up from that ...

NZD/USD

No problem Davit. I pay no attention to divergence at all but I think it's important sometimes for people to understand why something happens if someone is trading it. All the best.

Davit's Confluence Trading

I have always found an inside divergence will have a greater probability and a reference points as apposed to outside divergence. Not that I use the indicators. Understanding of inside divergence is a measured, efficient move down followed by a ...

Davit's Confluence Trading

Quite honest can't believe the grief commentary you are receiving after just posting the document. I personally think it would have to be at least above 80% based on high leverage available and low capital required but thats just my opinion. ...

95% Lose in FX is a Myth: % Profitability in the US last year

I'm sorry Casutts but this statement is rather naive. Successful traders just don't trade with the high level of leverage that is exposed to the micro retail traders. So high capital, small leverage is the name of the game. If you are under ...

95% Lose in FX is a Myth: % Profitability in the US last year

I don't know what the percentages nor does it really matter to me. I will say that pretty much everyone fails in trading spot because they over leverage with bad MM skills. The spot forex is full of part time, inexperienced, unskilled, underfunded ...

95% Lose in FX is a Myth: % Profitability in the US last year

Nice gut Chris!! good call. I was flat on GU as well, just 2 much unkown as to what they will say with Drahgi and Carney. From my perspective the market priced in rates for first quarter 15, now probably priced in last quarter 14. All is good ...

Davit's Confluence Trading

You should stop trying to scam the forum members here!

Forex manipulation and how to take advantage of it

Nice chart Bones. Agree with that but might be a bit bias as I have been long for a week on this pair. It's in a tricky area at the moment.

Cable Update (GBPUSD)

Chill out, calm down and take a breath Russ.

Cable Update (GBPUSD)

Yesterday UBS report on the Euro you may find interesting and Morgan Stanley research paper. 3500 is there short term target.

Davit's Confluence Trading

4hrs! no wonder you need three cups of coffee when you wake up. You were born to be a currency trader. Anyway out of here. See you in the corner sometime today.

Cable Update (GBPUSD)