Nod. I think that's a really important distinction too. Fundamentals like this can be fun to play with, and in some cases can lead to a particular currency being a good trending component, but have absolutely no baring on day-to-day trading. ...

Long Term GBP/USD ( Warning Sign )

Laff, if it repaints then it's useless as an entry (and perhaps as an exit) signal.

Is This The Best MA Cross?

Ok, well this is just speculation, so I don't trade on this or anything nuts like that. But here's the problem as I see it. The US has been cutting interest rates to stimulate the economy, but the fed has a history of not raising rates while ...

Long Term GBP/USD ( Warning Sign )

It's going to be a while. BoE talking rate hawkish but w/ no economic basis for it. UK's caught stagflation, if they raise rates they hurt the economy, if they don't, then inflation eats them up. If any trend does resume it'll probably be a down ...

Long Term GBP/USD ( Warning Sign )

You can also take a look at the COT reports here: url It's basically the chicago merc's combined options and futures contracts that are open every tuesday. Currently there's 58212 long and 65308 short and 28222 hedging. That's 150k contracts of ...

How many traders are there?

Nod. Technically speaking the HMA isn't zero lag, just very reduced. The problem is it overcompensates, so ya... I've had the same problem trying to make a cross out of it. I've had better luck w/ shorter-term EMA crosses over an HMA. I don't use ...

Is This The Best MA Cross?

Whaaaaaaaaat?!?! Dang, there goes my whole reason for trading...

Is it possible to make 20k to 70k in short time (7 weeks)?

Hrm, does that happen just on the snake MA? I've never noticed back-painting on a standard EMA before. As for which is the best... isn't it always just a trade-off between whipsaw and lag?

Is This The Best MA Cross?

Nod, in the book "Street Smarts" Linda Raschke talks of a similar approach called "turtle soup." It's basically fading the 20 day breakout in the turtles manual.

New Guy and Exits

Except it's not a matter of direction, it's a matter of momentum. Reason crossovers fail (when they do) is whipsaw due to lag. Price moves in the right direction, at first, then it moves back enough to make it a wash. There's not enough momentum to ...

New Guy and Exits

Ewwwww.... What kind of green is that? I like straight green and red bars w/ a black background. Easy to see from a distance, easy on the eyes.

Pimp your charts

Ahh, so it's basically just a legalized bucket shop. Here in the US you have to claim large gambling wins on your taxes, and I think there are limits to how much loss you can take. That's settled up yearly, so the IRS ends up ahead either way.

How is forex trading taxed in your country?

Hrm. AUD pairs don't have that much volatility. The GBPJPY and the GBPCHF have impressive daily volatility tho.

Forward testing the EA-a FREE** 1M TF EA

You'll need to change the high[] and low[] arrays to iHigh and iLow functions. The EA appears to be a bar breakout trader w/ a 23 fib trailing stop and a range filter. I've tested approaches like this before, they work very well on trends, not so ...

trailing 23 EA open source

No. The $8750 is not just a deduction, it's also 1 standard exemption for people with under 117k income (those that don't qualify for the AMT). In the 1040A it's handled differently, but the deduction is still there. You get 1 standard deduction and ...

How is forex trading taxed in your country?

Absolutely. Form 6781 divides 1256 contracts w/ a 60/40 split. Form 6781 takes all gains minus all losses, adjusted for carry over and 1099-R. This means the number carried from 6781 is the net, not the gross with seperate losses. The resultant net ...

How is forex trading taxed in your country?

That's not really true, tho. I'm profitable overall and my win/loss rate is only around 40% (less than (50/50, some days much less... lol). It's just that my losses are tiny (15 to 20 pips) and my gains are much bigger (50 to 150 pips). I have never ...

New Guy and Exits

Didn't say no taxation at all. No federal income tax is what I meant. Here in the US we pay both state and federal income taxes, I actually ended up paying more to state than federal, so those guys get off pretty cheaply out there. In the US forex ...

How is forex trading taxed in your country?

Well considering quality of life... I think US territories would be a great option here. Last I checked Puerto Rico and Guam have no income taxes at all, but still have many benefits of US involvement (tourism, trade, schools, good crime rate, some ...

How is forex trading taxed in your country?

Shrug. I use them, never had a serious problem. Spreads predictably widen before news, not a lot of downtime, most outages are due to my own network problems, good stoploss and order fills, not much slippage, haven't noticed any data feed problems ...

OANDA Discussion