The sky is falling, the sky is falling! LOL. What would have happened? Who knows, probably a lot of jitteriness. Trade what happens, not what you think will happen.

What would have happened this w/e if Israel and Iran had clashed?

It may have came out better than expected but it still came out worse than last time.

Nonfarm Employment Change

Plotting daily closing prices is exactly the same as a daily line chart. You just want to super-impose line charts of one over another? I think Tradestation can do that. Or, as said before, you could just export the data into excel. Of course you ...

Forward Curves - Help!

Shrug, I prefer to trade for infinite yield. In that sense I use a trailing stop. I wait for a relevant retracement to complete then trail below (or above for shorts) that. Whether it's 20 pips or 200, I'd prefer to grab as much as possible. I don't ...

Let your profits run - help!

Going to go a slightly different course and suggest that you ignore systems all together for now. Heck, just use a coin toss system. Learn to just capture as much of each movement as you can, sit down and write out your mental hurdles and figure out ...

I blew up my account

Hrm, not sure if I can find a link to the exact wording... there's a few other threads on it tho. As it was, people are prohibited from accepting funds for trading or from exercising trading authority over someone else's account without being a ...

It's official, brokers trade against you

One just deals while the other makes you broker?

It's official, brokers trade against you

Trade direction often reverses thru-out the day. When it doesn't it's referred to as a "trend day" and there are certain characteristics it has that other days do not. If you make a study of intra-day charts you'll notice that most days tend to ...

Could this system work

That's 4am to 5am eastern. Some of the best trading will be done by then. The 9/50 will lag like mad, too, so you'll always be running a bit behind there too. Pairs often reverse at the US NYSE open (9:30 east), then fade before lunch, then ...

Could this system work

Well the language is still in committee, so we don't know how it'll end up. But the way it's specified now it's more concerned with transparency and accountability than blunt regulation. The fraud language seems aimed at a "you can't do X if you ...

It's official, brokers trade against you

Changes made in an upcoming farm bill have a section on fraud that makes it illegal to claim that orders are "to be executed" when they are, in fact, not. Also makes it illegal to be a counterparty if you claim that orders are executed. We will see ...

It's official, brokers trade against you

Except that's not always true either, especially with unpriced news events. The 1,2,3 or "double bottom" pattern works well here, but the rules don't always fit either. The 2nd top/bottom is sometimes below the low or higher than the high, and yet ...

V strategy

Nod, higher lows or lower highs rock. Here's a chart I want to discuss a little bit. It was today's. As you can see, there's no "V" pattern. I bring this up because it's easy to cherry-pick charts that fit our expectations, but the best lessons come ...

V strategy

Nod, there are pin bars and key bars that often form on the 15m, usually at a pretty predictable moving average or a pivot point. The only problem is you can't know how far those'll reverse (retrace or full reversal) so the bar pattern is less ...

V strategy

They don't have to, most automatically widen spreads substantially. If you have a narrow straddle or SL the spread will knock you into or out of the trade. Most news events don't move enough to even warrant this, and the markets themselves are ...

News straddling with Amazing EA, revisited

The "V" fails whenever there's an early EU news event. Look at what happens when, for example, German numbers come out early. Beware selection bias. Why not put a stop entry for the designated direction, exit at S1/R1 or S2/R2 pivots, throw in a ...

V strategy

I believe it will show up, yes. I think the COT is an inventory of all current positions held at that pit. The question will be then... how long have these positions been held? Short term contracts (news and spike trades) will come and go and skew ...

Forex Universe

Fair enough, but a discussion or collection of "facts" will tend to result in that... lol. Does the oanda data give you time frames on those trades? I'm guessing it can't. Would be very difficult to use that data as it stands. In IBFX we see ...

Forex Universe

Hrm, how is taking the difference in contracts (which is already displayed on the COT) an indicator of volume? Wouldn't it just be change in volume? I'm not so sure COT is anywhere near reliable enough for that given the reporting requirements and ...

Forex Universe

No, most member nations have their own individual economic reports. And most are not seen as important individually. Germany's and France's reports are usually used as signal data. Keep an eye on the FF calendar for data from Germany and France, ...

Is there a NFP for the European Union?