Thanks for the replies. So Peter had the day starting (0600GMT) one hour before London opens. From reading his thoughts I was expecting it to be on the London open as the greatest amount of money goes through London FX Markets. As a side note with ...

No Free Lunch but all the Free Coffee you can drink

Sorry notme32, but you did get answers, just not the ones you wanted. It took me 2 weeks to read this thread together with the recommended eBook type material. If you do this you will understand why you are getting these type of answers.

Technical Analysis Fallacy

Sorry to hold up progress, but can we come back to this: - Start of the day is when the people who control the money wake up, ie 0600GMT - Does not take trades after about 9-10 hours open of session open I understand GMT to be a time zone, not a ...

No Free Lunch but all the Free Coffee you can drink

Blueskies, I see you being correct with both arrows. However a breakout only qualifies if it is in the direction of the days trend. ie a short if the breakout is below the level of the previous days close or a buy if it is above.

No Free Lunch but all the Free Coffee you can drink

I think I need a clear definition of an inside bar breakout. eg Can you have numerous inside bars before a breakout (how many)? Can you have more than one breakout? That is on say a down day, a bar breaks out to the upside (no trade) but then the ...

No Free Lunch but all the Free Coffee you can drink

I'm thinking the last two (small loss) trades are long trades that you would not take on a down day. ie the breakout bar is below the previous days close.

No Free Lunch but all the Free Coffee you can drink

And given the legs on the pair of them and the ranging market from open to your bar, I would wait.

Simplicity is the ultimate form of sophistication ( Elite )

Interesting how the "masters" seem to do this. fti's approach (to trading and explaining) could not have been more different. Yet they both do it "so eloquently and with style". They both leave you feel all the wiser for having studied their posts, ...

No Free Lunch but all the Free Coffee you can drink

I would also like to express my gratitude to PeterCrowns for the time and wisdom he gave to help us at FF. Also to Bemac not only for starting the thread but for having the maturity to let it develop outside of his control in ways he could never ...

No Free Lunch but all the Free Coffee you can drink

Please do. I found your last two posts most helpful, and fti was clear with his views on hedging.

Technical Analysis Fallacy

In another thread diallist recommended FX Solutions and Oanda, part of the recommendation was because they have micro pips. In the case of FXSol they appear to state that if the price drops below your S/L without trading at the S/L price, the stop ...

Help me choose a Broker ... Please!

There is a 6 hour window with both Sydney and Tokyo open - runs from 10am to 4pm (my time) gmt+10.

Best pairs trade during evening

Probably 208, those protective stops at 207 are looking well placed whilst Breeze has a sleep. Breeze your charts are a changing, any chance of an update on what's being used and how?

Breeze....Update on GBP/JPY

I'd just like to support hemal's post. I have got to the end of the thread and some of the recommended reading, just have to go over some of it again. My take on the 3 kingdoms is they are meant to be in harmony, so that we know what sort of battle ...

Technical Analysis Fallacy