here's the link to the myfxbook page url

Trading With No Candles, MA crosses only

sold 1lot gbp/jpy @ 133.02, actually was 133.13 with their 11 pip spread on this pair. Holy Cow!! eleven pip spread???? stop at 133.50 take profit at 132.50

Trading With No Candles, MA crosses only

I have my 6 charts set up so I can view them all at the same time. Here are potential trades... 1 HR All pairs are in the middle of a cross except gbp/jpy, which is close to closing. At 4:00 I will sell it if price closes at the cross. 4 HR All ...

Trading With No Candles, MA crosses only

Oanda doesn't do "swaps" like other brokers, they charge/pay interest by the second, and they have a section that explains how it is figured. I actually like their setup a lot better

Do rollover rates take a chunk of your position trading profits?

It's not that easy, firstly the /JPY pairs tend to move with each other so being long AUD/JPY and CAD/JPY would be a double whammy when the market goes south. Also, the /JPY pairs experience a lot of volatility and have rapid movements up and down. ...

Carry Trade with Hedging

Yes, I agree. This is what I need to think on over the weekend. I am thinking of setting my stoploss at the high/low of the day. This will be a demo account so I don't really care if the account gets blown up. I'm just curious to see how it will ...

Which Moving Average do you prefer?

Thanks Albinas, I read that post when I first started trading, and it was refreshing to go over it again.

How does forex price move?

price won't remain the same because the person you are buying it from demands a profit (ideally). For example, if you buy eur/usd at 1.2750, you are going to want a profit. The profit level is what you determine you can make off it, say sell it to a ...

How does forex price move?

This should settle the discussion — monday I will set up a trading journal for a demo account. I will black out the candles and only use ma's on time frames 1hr and above. I will think on setting take profits and stop losses over the weekend. ...

Which Moving Average do you prefer?

I use the 10, 21, 55, 100 and 200 ma's. They are very useful on the timeframes 1hr, 4hr and daily. I have noticed that when I look at entering a trade and the 10 and 21 are in the opposite direction I want to trade then it is wise to wait. I have ...

Which Moving Average do you prefer?

very interesting, i am going to check with nfa and others about legalities and complaints

If you could be a forex market maker?

I agree, he said in his first post that he searched for EA's but nothing worked for him. Personally, I don't think he knows the first thing about trading, and that's why any EA would be useless to him. I've spent years, as have a lot of other ...

Follow best trader

Seems to me using an EA is pretty useless if you don't understand how the market works. Spend some time studying price action and support/resistance levels. Learn to fish and you will become a successful trader.

Follow best trader

maybe a different exit strategy? this is pretty interesting setup, it looks like if you exit when the 3 ma hits the 6 ma you will book a profit and then wait until the next setup to trade again.

The Koala System (No brainer)

here is a thread - gohan scanner a programming exercise and the link url it's not the same thing as your picture but it is helpful for me

chart pattern recognition

I found this daily range calculator in my travels. I find it useful, here is the thread I think they originated from url there is also a weekly and a monthly calculator

Volatility Rankings

tried to send you a pm but it wouldn't let me, are your settings set to receive pms?

Fundamentals in Forex?

very nice system, I like it and thank you for sharing

TwinBlade 5mint System

I've heard that there is a London fixing at noon EST and a Tokyo fix around 7pm or 8pm EST, so I'm sure there are others. The fixing is supposed to become the official exchange rate for the day, like what's printed in the papers, and I would bet ...

"Fixings" what are they, what happens..?