You can't w/ a line, no. But you can use a very narrow box and achieve the same end result.

Very simple help...please

Nanny state... I wonder how they plan to enforce hedging, just prevent you from taking opposite transactions? Because I routinely trade at different timeframes, and have no problems trading around my own longer TF positions. Sounds like I'd need to ...

Proposal to phase out Hedging

I'm not concerned about whether they'll be bad or good, I just happen to think that as important as it is... it's probably the last bit of really big news that needs priced in. I think '09 will end up being fine, but we'll have to price in the next ...

The Grail Unvailed

Within a certain percentage, obviously nothing's perfect. Still, you can make an educated guess. As the day progresses further you can then refine that more or discard the guess. Still, it's a decent way to filter out the least predictable days. ...

Is the market random or not ?

That's a good point. If you've taken a loss or would rather take the income as ordinary income, you can opt for that with section 988. I'm not sure what benefits that would carry tho, since you can claim exemptions and deductions on top of the ...

How do you pay yourself ???

Well, for the US at least, currency trades have a special designation. Called a section 1256 contract. They are given a preferable blended capital gains tax rate. That information is filed along with a standard 1040a form just as any other capital ...

How do you pay yourself ???

If you can reliably do 10% per month, then you'll be doing better than 99.9% of everyone else out there. So yes.

In FOREX, is 10% return per month good enough?

That is perhaps the best advice I've read in regards to managing one's trading income. Pay off your debt and lower your monthly expenses. From there draft up a concrete budget, and move on from there. Ronald's "once a year, after taxes" strategy is ...

How do you pay yourself ???

I predicted $70, lol. That's where a lot of the OPEC production is hedged at. I figured if it drops below that OPEC would start cutting production (and they are, just hasn't worked yet), and that'd force a bottom. Back in June I postponed a small ...

The Grail Unvailed

I just want to come back and post something real quick to clarify my last post. My last msg: I made that call several hours ago. The chart details what happened. Anyway, what we saw was a classic pattern. Price had traveled abive the previous high ...

Noobs on a mission. My journey back to a thousand.

Nope, that's fine. For most on here it's a brand new concept. Oddly enough it's a very common and well-known concept on the futures exchanges (which closely correlate to the forex markets), but here... not so much. An excellent starting point is ...

Noobs on a mission. My journey back to a thousand.

Those are good, but if you're planning to trade them w/ real money you might not like the results. There's a lot of unspoken tricks to those techniques that aren't inherently obvious until you trade them. Those tricks make or break the approach. ...

Noobs on a mission. My journey back to a thousand.

Looks like you're buying relative strength. That's a trend following approach. The only way to make that profitable is to find a way to detect and filter ranges. Do you have a consistent way to do that? Plus, you really might want to go back to demo ...

Noobs on a mission. My journey back to a thousand.

Thing is... just because the industry gets a bailout doesn't mean the stock holders will be secure. If the company goes thru bankruptcy filings in order to clear itself of union contracts then the stock will be worth nothing. The gov't might wait ...

GM

I think you missed my point. It has nothing to do with "accepting defeat" or "surrendering." It has to do with the very rational and sensible premise of "We have nothing to gain and a whole lot to lose." It's the very same reason why Canada and ...

UK joining the Euro? EURGBP at 1.0000 ?

When you accept another currency you lose control of your monetary policy and all that it does to your economy. For much of Europe monetary policy had to be strong, as the individual nations didn't have a large industrial base. Coupled w/ the ...

UK joining the Euro? EURGBP at 1.0000 ?

Price bars mean plenty w/o volume. Price action as a whole goes to market sentiment. It's quite easy to determine in advance whether the day will likely be a ranging day or a trending one. Trade accordingly then.

Is the market random or not ?

Tbills have a redemption period and an interest payment. Every year the US gov't sets aside a portion of it's budget to repay interest, and basically rolls redemptions into future bonds. 09's budget is here: url People are buying them. Some are ...

TARP money printed?

Do people really have so many problems w/ bucket shops? Maybe it's just me and I've been lucky, but I mean seriously... how many times have you ever had a problem w/ your broker that wasn't easily solved? Why do so many ppl feel the need to blame ...

The truth about retail Forex brokers !!

Absolutely. The market is random, except when it's not. Knowing when those opportunities will appear is the absolute definition of edge.

Is the market random or not ?