No hard&fast rule. Do whatever works for you, just do it consistently. There is no holy grail.

Trendline Help

Opposite side of the contract issues aside... let's face it, it's a dog eat dog world. As soon as a lot of people collude on a trading strategy someone smarter with more money will figure out the best time to take the opposite side of the trade... ...

What if everybody trades ?

Actually what happens in that case is the currency is pegged to a euro exchange rate. At that point you might as well close the trade since it won't change much.

Silly Trader... When will you learn that fundamentals are the only way to trade?

EURUSD And pretty much any base pair for crosses. USDCHF, GBPUSD and AUDUSD and USDJPY for EURAUD, AUDJPY, GBPJPY, GBPCHF, etc, etc.

leading currency pairs?

Hmm, my account on mini 3 looks fine, and the demo server feed looks fine (for a change). Might be a mini 2 specific problem.

IBFX missing daily candle

This the demo server? It does that from time to time.

IBFX missing daily candle

There's already a thread for the aussie pairs.

aud / usd June 9 2008

Shrug, I keep CNBC on around newstime, otherwise it's not all that useful. Sometimes if I'm in the other room I'll flip over the top line quotes to check my positions, otherwise it's mostly useless. Can't exactly trade on analyst advice.

Does having Bloomberg TV on in the day help with your forex trading?

Cool, so past that point then. The "coin flip" is funny. Tested a coinflip approach, coinflip+SaR, (exit MoC), it wasn't nearly as profitable as you'd think. The "no free lunch" thread has an inside bar technique based on reduced volatility. A ...

Need New Long-term System

ROFL. At this point it should be clear that nobody has the holy grail. The only good system is the one that works for you. What works for me probably wouldn't work for you, and vice-versa. Have you read Van Tharp's "Trade Your Way to Financial ...

Need New Long-term System

Laff, Sunday candle... not much going on. Keeping an eye on the Aussie, looks interesting.

How did soros make 1.1 billion in one day trading forex

Heh, can't. The BoE got wise and hasn't made that mistake again. Today the rates float, obviously. Soros's philosophy is basically "If you're sure of the trade, keep pushing!" and "if you're winning, go all in!" Good rates of return, but his Sharpe ...

How did soros make 1.1 billion in one day trading forex

I've avoided collective2 for exactly the reasons specified. There is insufficient transparency to earn my trust. I don't want a series of signals, what I want are more trading concepts that I could adapt as needed. They aim for a "black box" ...

Expiriences with Collective2?

Basically the BoE wanted to lock the value of it's currency to maintain exports, but wasn't prepared for the difficulty of doing so. Soros came in and traded large enough to mess with the value, starting a cascade when other traders realized the ...

How did soros make 1.1 billion in one day trading forex

You just have to do a pair study on each. Pay close attention to their base pairs tho, example: The EURAUD will be heavily dependent on the AUDUSD.

Does anyone have any experience trading exotic pairs?

It's not the system that makes money, it's the trader. Learn to cut your losses really really short, learn to let your winning trades continue winning, learn to manage your profits and losses and the vast majority of "losing systems" will work just ...

Need New Long-term System

Uh no. Just think about it for a second. EURUSD has 2 components to it's price right, EUR and the USD. But the EUR's price can be determined thru other pairs, as can the USD. For instance to get the EURUSD in terms of the JPY you could take 2 pairs, ...

All pairs & thoughts

Well first, they aren't reading it right. The passages quoted don't do that much and don't necessarily apply to us. At least as traders. Most ppl on the internet would make very bad lawyers. It does look like it'll pass tho, it's a massive piece of ...

will forex trading be illegal?

There's a tendency for people to ask for free stuff online. This business isn't a free business, sometimes you have to pay for what you want. This is especially true if it looks like you're trying to take advantage of people's good will.

Is it possible?

Sigh. Thread has gone from a reasonable complaint to a series of rants, tangents, trollings and accusations. Any constructive criticism left here?

Perplexed - year spent looking for system