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shellsnail replied Mar 14, 2015How do we define leverage? Are we talking about leverage the broker offers or how leveraged a trader is? They are completely different things. Here's an example: If your risk capital is 100,000$, and you deposit 5,000$ with a 1:200 leverage broker ...
I've figured out why so many people lose money in Forex
- shellsnail commented Mar 13, 2015
Bad for US = Good for $ actually. I don't really look at the fundamentals. But check out the charts, UJ especially. A reversal here would be a strong topping pattern and completes the recent 5 wave move up on the daily chart, and could also be the C ...
Consumer Sentiment in U.S. Declined in March to Four-Month Low
- shellsnail commented Mar 13, 2015
Big players taking profit and slowly unloading USD longs to retail crowd.
Consumer Sentiment in U.S. Declined in March to Four-Month Low
- shellsnail commented Mar 13, 2015
lol. It's not clear what the effect of this will be. Demand for USD mostly in terms of bonds. Deflation is good for bond prices, so that increases demand for USD. under similar logic, euro zone's QE could shift demand from USD to EUR and cause ...
Wholesale Prices in U.S. Unexpectedly Fall for Fourth Month
- shellsnail replied Mar 12, 2015
That's possible. I do something like that too.
But it's effective leverage that matters. When you set to break-even you are essentially removing the potential for losses, hence lowering effective leverage. Although there's still tail risk you ...I've figured out why so many people lose money in Forex
- shellsnail replied Mar 12, 2015
And while I'm at it, I'll add that the old adage of sticking to one system and trying to master one pair is complete bullshit (to mislead retail.) You ought to diversify strategies and pairs as soon as possible to reduce risk. Using high leverage ...
I've figured out why so many people lose money in Forex
- shellsnail replied Mar 12, 2015
I haven't read the entire thread, but if people listened to what he said more, maybe more traders would actually be profitable. If you are a retail trader, deleveraging is very probably the best thing you can do to increase profitability, all things ...
I've figured out why so many people lose money in Forex
- shellsnail replied Mar 12, 2015
Think about who are the players in the FX market. Most of them are not speculators, they are not reacting to every news event. The trends are formed by actions of multi-national corporations, financial institutions, central banks -- the actions they ...
When does the market actually react to news releases?
- shellsnail replied Mar 12, 2015
methinks some asian central banks have banded together here to short the USD and stabilise their currencies. Probably ASEAN countries.
EURUSD
- shellsnail replied Mar 12, 2015
SHORT SQUEEZE.
Nice. All em' USD longs getting burned; this is going to be an interesting Thursday and Friday.EURUSD
- shellsnail replied Mar 12, 2015
Seems to be unwinding as we speak. The 5th Wave -- when retail finally gets the direction right. image
Alien's Extraterrestrial Visual Systems
- shellsnail replied Mar 10, 2015
Hi! Could you help modify this EA for trailing stop ATR that you coded previously such that it works under the new MT4 build? url Thanks.
I will code your EAs and Indicators for no charge
- shellsnail commented Mar 9, 2015
I seem to recall every time Goldman gets reported here there'll be a short-term counter-trend pullback.
EUR/USD: Why 1.10 Break Is Important?; Next Targets - Goldman Sachs
- shellsnail commented Dec 4, 2014
lol... maybe just retrace
ECB said to prepare broad-based QE package for January meeting – BBG
- shellsnail commented Dec 4, 2014
Draghi is awesome at f**king traders.
ECB said to prepare broad-based QE package for January meeting – BBG
- shellsnail replied Dec 4, 2014
An 1H Engulfing here would be powerful... Like I said they're behaving like 15min candles... so imagine 15min engulfing and the reversal afterwards. except now it's on the 1H chart...
USD/JPY Discussion