That chart you showed was trending downward imo. If you want to trade with the trend, then you need to short your pair(i think it was gbpusd). BUT, you have to place appropriate stop loss orders which vary greatly depending on what time frame you ...

Determining Trend Using Price Alone

Thanks. Sorry I was too lazy to read your earlier posts. I am glad you are profitable, I wish to be in that category someday too. Sorry if you felt I flamed on you. PS-I can't believe nobody thinks my manual execution/girlfriend analogy is ...

news trading broker warning

"They tried to blame the market conditions, but in the end they admitted that because I'm on manual execution someone approves my trades and that the delay and requote may be caused because of this. Afterwards they offered me a refund. " You're on ...

news trading broker warning

The USDCAD moved ..... hell , it skyrocketed for a Long time after that news release. What was the full move? i think it was near 100 pips. with a blowout report like that, i was expecting a bunch of posts bragging about their massive "pippage gain" ...

news trading broker warning

PS- i really am kind of unhappy i overslept the USDCAD labor report this morning. it really was lucrative. my wife hit the snooze and i missed it. in the words of Jimmy Buffet "some people say there's a woman (or a broker) to blame..... but, hell, ...

news trading broker warning

What is this I hear? Brokers adjusting to software exploitations? I find it hard to believe they don't want traders to make money from them, when they cannot find someone else to take your trade set as a limit order 10 seconds before a news release ...

news trading broker warning

Ok, This approach is a bit from left field, but go to dental hygiene school. 2 year program.... full of hot chicks. When done, work a day job and set your own hours. Make $35/hour plus benefits and work anywhere you want, whenever you want. Trade ...

College Major for an FX Trader?

I have this in my top 15 reliable reports (no US news makes it all the more significant). I know lots of people love to straddle, but i sure had a real bad experience with straddling and try to develop a trigger to make this a desirable medium ...

Canada Employment Report

This is just my opinion, but I would think AUS trade releases are almost useless for news scalping which is what most people on this forum seem to mean when they state they are trading the news. There was huge deviation in the GDP on Tuesday and you ...

Today's AUD Trade Balance Report @ 6:30pm[pst]

Just curious..... did you cash in on this observation or is this just a hindsight opinion on why the move occurred? I thought technical analysis was an objective study of patterns and probability's, not a driving force of the market. So technical ...

The real reason for Cable's move from 1.9040-->1.8710&lower

Perhaps you are not at the right college for you? Or perhaps researching the paths of people you admire could provide you with some insight. good luck.

College Major for an FX Trader?

I do like the GBPUSD during the US and the UK sessions. In a quite sophisticated manner, i eyeball to see if it's ranging, ascending or decending. Jump on either a bullish or bearish movement and try to ride for about 60 pips. happy trading

What is your trading style (when not trading data)

no. it's that simple. good luck.

Can 100% per Month be Achieved?

That was a gracious response, Bemac. I am not certain if Maxey is fluent in English or not. I have had some limited experience with CAD news. I do believe there are some tradable CAD reports including: CPI Trade figures Retail sales GDP If any US ...

Let's Trade The News!

<HR style="COLOR: #d1d1e1" SIZE=1> <!-- / icon and title --><!-- message --> it's interesting that the NFP moves the market so much even when the expected number varies so little with the actual outcome. i think the forecast was 120K-130K (depending ...

Non-Farm Payrolls 1st of SEP

it's interesting that the NFP moves the market so much even when the expected number varies so little with the actual outcome. i think the forecast was 120K-130K (depending on the source) and the actual number was 128. I believe the previous number ...

ADP predicts NFP?

Well said, making my stops bigger has cost me more money than any other trading mistake. I do believe in tightening stops during a profitable trade ... similar to a trailing stop but i have to do it manually with Oanda. Just my opinion-really tight ...

How far is your Stop loss

Do you assign any importance to leverage, Mr.Trend? If you hold trades during news do you tighten your stops or ride out 100 pips against your position? I know of people that hold positions real long term, like months. But I am pretty sure they do ...

ADP predicts NFP?

Thanks for the input, guys. I'm unsure how to interpret Bemac's post though. I actually had a reply from Bemac on another thread in which you asked if my hatred of losing could be a problem for me. Thank you for that post btw..... it is a huge ...

ADP predicts NFP?

Thanks for the reply BK. I got my information on leverage from a class I took in part and in part from my own experience. The class was on interpretation of economic reports and determining triggers for big fish (such as national banks) to shift ...

ADP predicts NFP?