If I'm not mistaken isn't buying low and selling high the object of every type of trading? Swing trading refers to speculation upon the short terms swings of a stock/currency pair/commodity based upon technical patterns. It is between intraday and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thin markets. Look how quick it gave it all back. I think we'll see quite alot of this sort of price movement this week - jagged edges, fast moving but ultimately we won't actually move the equilibrium price that much. Scalper's paradise but not ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

A more long term view..... — The press is starting to acknowledge how overvalued GBP is (even if they waited until it got hammered): We haven't really experienced it so much in GBY JPY due to both currencies moving in the same direction but ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I agree. We've been consolidating for the last month in this range which is ever decreasing in size. The lower trendline (sky blue) has been tested and held at least 4 times, which I assume is the 226 level that quecee mentioned. However the GBPJPY ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Not sure if I qualify as a seasoned trader but I studied economics for a number of years, so as you might expect, I'm going to suggest that it's due to the interaction of supply and demand - how all prices are determined in free markets. The ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'll look into blowing an account immediately then! It's not like I haven't made some shit over-leveraged trades without placing SL's and not had the balls to close them and ended up in the hole. If the definition of insanity is doing the same thing ...

i doubled 5k to 10k in a days

The term 'over leverage' is a matter of opinion but I don't think there are many traders who wouldn't consider this over leveraged on a serious trading account. He traded 2 round lots (£200k - don't forget GBP was the base currency) with just over ...

i doubled 5k to 10k in a days

fer cough.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Interesting. If nothing else this thread has opened a few minds. All the while though two things have been bugging me. 1) the 97.5% win ratio of closed trades and no mention of MM, 2) All I can think of is that it is some kind of grid system, but ...

The Holy Grail - Found

Yes, that may be true to a certain extent, if the TP is further from entry than the SL, ceteris paribus, the SL will be hit more often than the TP in a market with equal probability of moving either way. The greater the R:R ratio the less likely ...

Expectancy is always zero

Good advice. Have you ever heard of the Commitment of Traders report? It certainly has some value for futures, but perhaps somewhat limited in the spot FX market, but is worth looking into - if it increases your percentages by .01% then it is IMO. ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

The Fed hasn't got the weapons in it's arsenal that you give them credit for, in fact I suggest that they won't even pierce the skin of the credit crisis. Interest rate reductions only work in the short term. Flooding the markets with money will ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Might as well just toss a coin. Better still, stay out all together.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Get this in your bookmarks sunshine, basic access to all the world markets. Charts updated every 15m. url

Auslanco - GBP/JPY and GBP/USD (newstrade)

url

Auslanco - GBP/JPY and GBP/USD (newstrade)

2200 pips up before the end of year? No chance. The situation is pretty much still the same, there is still a high chance of recession next year. Wall Street wasn't impressed with whatever the Fed and pals concocted yesterday. Dow may have risen ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

If only we knew. With 1H Gann and QQE5 both crossed to the downside this move has got some credibility. 50fib around 237.60 looks like a good target. Got a bit of support to get through, in particular this trend line (red line) and median line ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Apparently it'll be anonymous. So we won't know. Instead we'll speculate and there'll be a run on every bank!

Cesarnc's market talk, gossips, rumours & fun

I didn't think much of it at the time but this came up on TradetheNews.com last night: Yesterday 05:56pm (US) According to CNBC's Steve Leisman, his sources are telling him that the Fed is conidering alternative measures to address liquidity issue ...

Cesarnc's market talk, gossips, rumours & fun

Interest differentials get settled today. See url .

Auslanco - GBP/JPY and GBP/USD (newstrade)