I trade the daily chart and will rarely do a round trip intraday trade. I go back several months to determine support/resistance levels. I don't try to time a trade. I wait for prices to reach a level then build a position using a variant of mean ...

WTI Crude Oil Trading

Currently moving up with equity futures. Waiting to see if it reaches near term resistance at 56.70 and how it reacts from there.

WTI Crude Oil Trading

I don't pay much attention to volume. Oil is so liquid that most big moves are on heavy volume anyways. That is why I like trading oil. Supply/demand, USD, macro. Much easier than trading equities.

WTI Crude Oil Trading

The futures market determines price. Every other oil instrument is a derivative of the futures. I can't trade oil with a forex account here in the US. There are etf's that you long or short oil and also options.

WTI Crude Oil Trading

That's why I like to step away after I place a trade. Too many times in the past I have taken profits too quick. Now looking for a possible GBP/USD short opportunity if it reaches 1.55/1.56 resistance and bounces.

Simple Uncomplicated (obvious) trading

Excellent thread. Shorted at .7517 and closed 1/2 at .7450. Moved stop to BE.

Simple Uncomplicated (obvious) trading

How are you able to trade with the brokers you mentioned? Doesn't look like they are available to US residents.

Binary Option Trading

I have been trading them for awhile now through Nadex. They are owned by IG Markets. They are exchange traded, not OTC. I like to trade the commodity binaries. Usually daily and weeklies. You need to understand that time decay is critical in ...

Binary Option Trading

A couple ideas to ponder. 1. Determine 10yr range. Add cushion. Calculate median price. Grid sells above and buys below. This way you are not selling at the bottom or buying at the top of historical range. 2. Put daily or weekly 200sma on chart. ...

AUDNZD system

Good post. Hope it continues. I believe a true edge comes from finding an enduring characteristic of the market you are trading and exploiting it to your advantage. This eliminates the need for backtesting. The enduring nature of the edge means that ...

System Analysis for Successful Trading

Maybe the scalpers should form a union and lobby for some stimulus money.

Thoughts on 50:1 Leverage

It wasn't that long ago that you needed 25-50K to open a currency trading account. Now it's the Wild West. 50:1 is adequate for someone with small capital to trade with. It is also great for someone with major capital to allocate a small percentage ...

Thoughts on 50:1 Leverage

Even if it was 10:1 I don't know of any other market that offers the same opportunity for someone with only a couple hundred dollars to trade.

Thoughts on 50:1 Leverage

Is anyone is still trading this system? I think a major improvement could be made by using previous weeks volatility as a guide to determine entry distance from opening price and SL.

Part Time Wealth Building Trading System - Weekly Scalping

Who's dreaming? We are traders here. Not perma bulls or bears. The idea is to make money in any tradeable market. You can cherry pick any time frame to make a bull or bear case. How about going back 5 years. +150% in Euros and +160% in USD. Or 10 ...

EURUSD

That last breakout from 950 would have netted a conservative trader a 15% to 20% profit. The bond market is topping and nearing the end of its 30yr bull run. We are one failed auction away from a collapse.

EURUSD

The advantage to gold over stocks is that gold is not going off board like a stock can. Scale in ,scale out and don't give in to fear and greed.

EURUSD

This is just a general observation and not towards anyone in particular. As a longtime gold trader I've found that fear and greed keep most people from making serious money in gold. When price is correcting in a bull market the longs bail and sell ...

EURUSD

Wouldn't mind posting my ideas. Unfortunately the 1V price of admission precludes me.

EURUSD

I'm talking about the non-commercials handing their money over to the commercials. The little retail guys are insignificant. This weeks COT will give us a better picture.

EURUSD