The pip value varies constantly with the fluctuation. What I personally do in order to know the exact pip value for an specific pair at one specific moment is to open a position on a demo account with 1 standard lot and divide the profit (actually ...

VWVB Daily Chart Analysis

TheBreeze, that's exactly the same formula I use to calculate my lot size, just with a 3% per trade.

VWVB Daily Chart Analysis

Nah, events in France are nothing, trust me, just a bunch of students making noise because of a recently-approved controversial law. The affair will be gone within a month. It wont affect the EURO at all.

French events and the EURO

Lot size must be determined by your stop loss mostly. If the stop loss for a specific trade is large, reduze lot size, and viceversa. For a 30 pips stop loss on a EURUSD trade (every pair has its own pip value), a 10k account trading 1 standard lot ...

VWVB Daily Chart Analysis

I personally move the stop to breakeven at about +25 pips moreless. Every trade is different and going through past trades, specially with hindsight, is kinda useless in my opinion. So I picked the +25 pips figure as a fair compromise and, ...

'Vegas Wealth Builder Part II'

Yes, I understand that the 50% breakout is linked to the "momentum" concept. So, if such momentum off the low and through the 50% level is strong, do we discard then the 30-to-47 concept? I thought the 30-to-47 concept was based on historical ...

VWB II - concept 1 vs 3

My short got stopped out at breakeven on Friday's spike. However, I'd like to comment on your post and specially on the sentece I bolded out on your quote: Are you sure you're not stubbornly holding onto a lossing possition? I mean, CAD went as high ...

Lets talk USDCAD

Patience is something you must master in order to achieve success as a trader. Wait, wait, wait some more, and then keep waiting until the very perfect set up pops on your screen, even if that means taking only a couple of trades a month. You gotta ...

'Vegas Wealth Builder Part II'

Thanks a lot for such a detail answer mate. Truly apreciated it. One question: when you say "Anything above 500 per trade will just about take care of all of them in the retail space", that is mini lots or standard lots? Thanks again.

Maximum amount you would keep with your broker?

NaysayerTrader, From what point (account size wise) would you consider commercial brokers (InterbankFX, Oanda, FXCM and the like) to be unsuitable for a regular trader, meaning you gotta start doing your "research homework" as you put it? Thanks.

Maximum amount you would keep with your broker?

NaySayTrader, I just wanted to say... WOW!

Maximum amount you would keep with your broker?

Yes, I saw all those elements coming into play, but in my opinion they didnt quite tick Vegas' "3 concepts" list soundly. I mean, cable had at that point a tight range for the day, plus the 50% wasnt taken out with any momentum whatsoever. Moreover, ...

VWVB Daily Chart Analysis

Those of you who entered long on GBPUSD, What did you base your entry off? I was following this pair all day long and it didnt quite meet Vegas' 3 concepts: the range was very small, the bounce off the day's low showed only a 20-something pips 1H ...

VWVB Daily Chart Analysis

That is actually a valid point of view, and I will follow it too myself.

Vegas Wealth Builder Part III

I am following CAD too for a short, but we gotta be patient at the moment. Right now, all we have seen is price stopping still at the long term downward trendline, but we havent quite gotten a sound reversal signal yet in my opinion. I will ...

Lets talk USDCAD

Damn f@cking right Vegas, and this comes from another "expert" in the divorce affair....

Vegas Wealth Builder Part III

What can I say guys, I am all with Vegas here. I am all for keeping my money away from the tax office's claws (I worked my ass off for that wealth, so only I should benefit from it, period) and away from disgrunted ex-wives trying to get a free ride ...

Vegas Wealth Builder Part III

You got tons to research. Start from the basic concepts (www.stockcharts.com or www.investopedia.com) and read every thread (even old ones) here at forexfactory.

james16 Chart Thread