Nice name.

My Photos Shared Here . . . . (FX positions)

Feb - Looks like I picked a great time to be busy.....getting married tomorrow. Besides, there are a lot of potential traps in the market at the moment. (Am I wrong, who knows? Who cares?) None-the-less......I will look at the weekly bars on Sunday. ...

The System (Irony included)

I agree with this 100%. There is nothing more heartbreaking than closing out a winning trade when it would have held up. I will do you one better......I originally had roughly a 1.81% risk on this trade...... See those two hammers on the 15 min? I ...

james16 Chart Thread

I took this pig too, and came back today from work to the current mess. I read something about yet another round of panic-trading in NY today.....some bank is going to write off a ton of bad debt. Is this still news? Sooner or later, apathy will set ...

james16 Chart Thread

As I gain trading experience, I find this to be so true. It is nice to get a little better price, but in the end shouldn't make a huge difference. So you only captured 729 pips, instead of 739......it isn't worth worrying about. We all have dreams ...

The System (Irony included)

Phil - I bet you 30k I can do it even faster.

How much money can a seasoned semi-pro make with trading on Forex?

do yourself a favor, and buy Forex Tester. I use it from time to time, and it's only about 100 dollars. I have found this program a God-send. You CAN test with MT4 (somehow), but I have heard nothing but complaints about it..... Clockwork

How can i backtest a strategy on meta trader

I would refer to the old saying that goes something like this: "When price climbs, it takes the stairs.....when it falls, it takes the elevator." Most corrections are quicker than the normal uptrend. (I am not even looking at the EUR/USD, EUR/CHF, ...

james16 Chart Thread

I agree with this statement 100%. As far as the USD/CHF trade, I don't know....naturally it seems that the Franc buying may cease a little here, but let's be honest - one of these trades is with the overall trend, and one isn't. If you go long with ...

james16 Chart Thread

This attitude will lose you many pips. Let me explain: You are basically saying in this above quote that you are NOT willing to put any thought into this. Forex is a business, nothing else. There will be losses, and there is the spread. You cannot ...

Please suggest a simple & effective Method/System of "Trading System" Forum to...

I personally would have felt better seeing 1.6200 on this pair before shorting it. However, if the pinbar doesn't get broken to the upside, it has a trend line to fight with, if it goes through there, it could drop faster. I could be wrong, but that ...

The System (Irony included)

Leave some money for the rest of us mortals, Mr. Trend.

The System (Irony included)

Yes, but total leverage doesn't really matter in relationship to true leverage. 500 to 1 doesn't matter if you are only trading at a penny a pip for example. (He DID ask for .01 micros.) True leverage is what matters in the end. Being aggressive is ...

Searching Broker with microlots and leverage 1:500

I spoke to a rep recently in the US, (Chicago I think?) and he was the same way. Question 5 was asked several times. For contact info, I gave him the phone number to the local Domino's Pizza, as he made me very uncomfortable.

ODL Securities

Take a long at 10 pips above the pinbar's high is popular. Of course, at 4 PM I noticed that EUR/CHF is doing the same thing. Personally, I like the Euro-Swissy more, as it is with the overall trend, and at a nice daily trend line. * Please note ...

The System (Irony included)

Keep an eye on 105, as that is where the Bank Of Japan intervened last time. Will they succeed? Is the Fed finally going to do something to help? We shall see. It would not surprise me to see a coordinated move on the part of a few central banks ...

End of Carry Trade

EUR/CHF as well.....funny how these things line up, huh? Clockwork

Daily PIN Bars

Unless you are wanting to buy a currency, and let it run.....risking your entire balance, then leverage really doesn't matter. If you are looking for 500:1 leverage AND wanting 0.01 lots, you don't have enough in your account to trade with, or at ...

Searching Broker with microlots and leverage 1:500

Tell me about it.....I am too chicken at times. This is why I typically will trade higher time frames, AND LEAVE. These turn out to be my best trades. Clockwork

To all the 1K club members!

This is the only quote you will ever need to read. With one minor exception: My broker pays swap at 5 pm EST, therefore.....I don't look to short GBP/JPY at 4:55 pm as an example. (Although if it's a good enough set up, who cares?) The above trade ...

Overnigt swap and long term position ?