We should be careful to distinguish newstrading from using fundamentals as part of your trading. Trying to trade the news, as a small retail trader with an mt4 broker, is a ridiculous proposition and will almost always send people broke. Using ...

james16 Chart Thread

think you have an extra 'o' in there

james16 Chart Thread

USDX is an index, not an instrument - like S&P500 or ASX200. So, without creating a complex synthetic, you cant 'trade' it. Which is probably why you cant find it. What you can do is trade instruments that track it. There are futures contracts on ...

james16 Chart Thread

I can only assume that you take both long and short positions after the bullishbearish signal triggers lol, my bad - i was talkking about the ones who actually made a profit. both of them

james16 Chart Thread

You are using different brokers.

james16 Chart Thread

I went to new york for a week - you cant go eight steps without seeing a SBUX there I think they closed about 90% of their Australian operations - although there are at least two left in Sydney I have seen, with one close enough for me to get ...

james16 Chart Thread

lol, yeah. I got 'square root of 100,000' and 'compound $1m @ 10% for 10y' as standard first round filter questions, before I even got to the actual interview. Ouch. Although, having only just discovered Starbucks last week, I can safely say that ...

james16 Chart Thread

That's pretty standard for similar US positions too, since it's a very competetive and somewhat specialized market where people move pretty freely. I have two friends who did grad rotations in Chicago and were on 70k usd. Point is, even at 50k, you ...

james16 Chart Thread

To be honest, those people will also fail at trading, or sports, or business, or anything else they try. Because they clearly lack either the skills, the intelligence or the motivation to achieve anything significant. I cant remember who said it ...

james16 Chart Thread

The time of year when dumb people celebrate that the Government gave them back a small proportion of money that they overcharged them and kept for (up to) 12 months, interest free. Anytime someone think their Government sux, I challenge them to move ...

james16 Chart Thread

People really dont understand the power of short term noise to take your trade, turn it around on you and beat you to a pulp. That's the real power of longer timeframes, in my mind anyways - smoothness and predictablity. It's also why people suck at ...

james16 Chart Thread

hey, if it works for you then knock yourself out I just think both are pretty dicey. Personally, I've found flags to be completely unreliable, unless you treat them like a retracement. Which, I'm sure you would agree, are pretty worthless in ...

james16 Chart Thread

Or no one is interested in taking a large position either way I think you need to zoom out and take the bars in context. Oh, and forget pennants/flags, because they are dodgy signals at best. Bollinger bands hardly have copyright on standard ...

james16 Chart Thread

Its a long complex and not entirely interesting story, but the figures from the survey that the '95% lose' that people throw around are rubbery at best. Closer to meaningless. But that hasnt stopped the guys trying to sell books to small retail ...

james16 Chart Thread

I'm way too hungover to think about statisitcs right now, but basically for a broad spread of mean return/standard deviation profiles (which would probably incorporate most people here), 2% is the maximum percentage of your account that you can ...

james16 Chart Thread

Only capital gains are taxfree (in the UK) - if your job is spread betting (forex or otherwise), the income will still be taxable. Anyways, I would seriously reconsider. Between the basis spread on the interest rates (esp for mini accounts), the ...

james16 Chart Thread

Once you swing your legs out of a plane door at 12,000ft, you will quickly change your mind

james16 Chart Thread

Barrons has a chip on their shoulder about JC. The cherry picked example month, using leveraged instruments to enhance returns (and ignoring the fact that the price of the underlying is only one factor in options pricing) is pretty poor work. And ...

james16 Chart Thread