Theres been a ton of discussion about this Omega, just that nobody has seen it from what I understand. If I am wrong, then so be it...but just reading what is posted here.

MB Trading Futures - Introduction

Draw another trend line......somewhere around 115.....that is more important than this one. And interest rates will ensure this keeps going on. The BoJ seems a little less likely to raise rates at the end of the year. Truthfully, this could be an ...

End of Carry Trade

I believe he was speaking in relation to the other JPY crosses. NZD/JPY was 800, for example.

Is This The End of the Yen Carry Trade?

I agree, as I have been getting rid of them.... To be honest, indicators are like crutches for trading, but still offer no real support. The longer I do this, the more I realize that indicators are there just to make you feel safer. If you want ...

A beginner's plan for learning the basics.

interesting. — I too have been really interested in checking out the Omega, but due to an extended workday, I did not get a chance to attend it. However, after reading there weren't even any screen shots, this makes me feel better about not ...

MB Trading Futures - Introduction

First thing is first, in general I would agree 100%. But, I would encourage you to spend more time on trend lines, trends, support, resistance, etc. These are the only forward projecting "indicators" in my experience. (Fibonacci is as well, to a ...

A beginner's plan for learning the basics.

Here's a strategy: Buy at support, sell at resistance. Sometimes the support or resistance will not hold, but more often than not, it works. Martingale assumes the odds are 50-50.....well I can tell you thats not always the case. So on a 30% chance ...

Martingale EA. Almost can't lose!

I have to say I agree with her. They will always exist to some degree, but probably not to the levels we are seeing in the last few years. Also, keep in mind that history does repeat itself, and these Japanese investors will remember this time ...

Is This The End of the Yen Carry Trade?

I believe it actually involves in money flow: Buy GBP/JPY - Buy GBP/JPY, Sell USD/JPY and it appears up on a chart as GBP/JPY. There is a reason that the Dollar is considered the world's currency. However, to be honest, on this particular pair, I do ...

Is This The End of the Yen Carry Trade?

My friend who hedges is probably doing transactions due to his company doing so much business in the UK, sometimes they just buy/sell depending on what they need, and regardless as to what is happening in the market.

Who is the Seller

Truthfully, break-even is good after a year. DO NOT start with 20,000. Try out micro accounts first, trust me on this. There is a reason why 95% of the traders out there fail in the first year. Money Management is probably 95% of the reason. You are ...

Hello from a Noob

To be honest, I really have never thought about what kind of trader I am....the length of the trade is determined by price action for me. S/R lines as well.....or just plain hitting what I want. Some trades are 5 mins, some 5 hours.....although I ...

Day Trading vs. Swing Trading vs. Position Trading

So how far down are you? 200-300 pips with your positions at the moment?

USD/JPY Discussion

Hey man....trust me on this, ANY amount of money is good for learning.....like the second poster said, even 250 is enough. Just that it will cut the size of your lots, but who cares? If you are like 99.99% of the traders out there, you first trade ...

Are 500 Dollars enough?

Go with trend and you will ALWAYS be in profit.....not true, I am sure someone in this forum lost some longs on USD/JPY this week, or Cable, or EUR/USD, or USD/CAD (short, sorry), or EUR/JPY, or USD/CHF, or GBP/CHF, or AUD/USD, or NZD/USD. But yes, ...

USD/JPY Discussion

hmmmm — It's 6 pm EST, do you know where your pips are? We are at a major hurdle here.....will be interesting to see what tomorrow brings....

USD/JPY Discussion

More true words were never spoken than what you just said. 100% I have a pretty good system (still working on it.) that is showing real promise. I had a loser today. Why? Because I wasn't disciplined about the entry. I could create a system that is ...

What is ur motive sharing ur system?

I happen to know a trader that hedges for Rubbermaid and Scott's. He buys millions of Euros at a time. Why? To pay German employees. The IDEA is to buy them cheap. BUT, sometimes he just buys 30 million because he has to. It's the cost of doing ...

What is ur motive sharing ur system?

I believe this is good, solid advice. Also, it depends on the pair we are talking about here. Long EUR/USD about 2 years ago would be nice. Short GBP/USD was good for about 3 or so hours today in US session. Although if I had been long that pair for ...

Day Trading vs. Swing Trading vs. Position Trading

I agree 100% with this post. Except one small point, and I am sure the poster would agree with this: It IS okay to go below the 1 hour chart, but mainly to make you entries a little better. If you can save yourself say.....8 pips, then why not. But ...

Trading Full Time...