Hehe, gotta break the 21ema first, then it's going to be fun.

Aussie Pairs

That's only partially true really. The strength of a currency is based on a number of basic fundamentals, budget deficit, trade deficit, interest rates, fed policies and economic policies being the most important. George Soros's book "The Alchemy of ...

Perplexed - year spent looking for system

Yes, it's possible, provided the program is running.

Creating Alerts

Agreed. By the time you know the markets have changed they're usually ready to change back. Find a simple, robust method and stick with it.

Changing strategy for market conditions

Long yesterday morning, we broke the trend line and bounced off the 365 MA. Keeping my SL tight tho, it could reverse if the AUDUSD does something funky (keep an eye on that triangle).

EUR/AUD Analysis

Problem w/ smaller TFs is they don't always represent the larger trend and are more easily effected by large lot exits/entries. So if unless you're using larger TFs for reference it's easy to get caught on the wrong side of the trend or get stopped ...

What is noise?

Laff, there are some mechanical systems that have an edge and do rather well, but I doubt any are for sale. You're going to have to work harder than you've ever worked before, study harder and develop a mental toughness and rigid method of testing ...

Are all EAs Scams?

Never hold a losing position. Set a fixed amount and a fixed time limit that losing trades will be culled by. Not all trees can grow into big oaks, some get killed by the cold.

Urgent Help! Hedging Crisis,any solutions?

Most won't impact you at all, most will post all of 1 M30 difference, if that. USD news is driving the markets right now, pay attention to big USD and EUR news.

what's with all the news?

There's this instinct to "just wait till the rebound" ... don't. Even if it works out this once, statistically it's a losing proposition. Some day, maybe today, it will burn you hard. Go with the optimum play, not with your "instinct." Cut your ...

Urgent Help! Hedging Crisis,any solutions?

Fib retracement. Fib the previous swing high and swing low and the fib extension meets up there perfectly. I think it's going to blow thru there tho, yesterday was an inside day. 1.9450 looks like a good number at first glance.

Cable Update (GBPUSD)

Month just started tho, hard to know where that'll end up. The AJ resistance @ 100 concerns me the most there. The UJ has a weekly trendline that, depending on how you draw it, comes very close to where we are now, and as we dropped below the 104.80 ...

Aussie Pairs

Nod, the EMA and the SMA touch at the same point right now. Take a look at the EMA tho and see how it matches the history. A lot of pairs do this, use the 21 as the "rest point." It's very possible that it'll bounce off, but also possible that it'll ...

Aussie Pairs

As for the gold/au connection, AUD is often referred to as a "commodity currency" as the nation produces a lot of gold. In fact it's responsible, largely, for their current budget. But be careful with drawing too many connections there. Gold mines ...

Aussie Pairs

I have to absolutely agree. Fantasies don't prepare you for loss, they just add to the emotional rollercoaster. You are a guy who trades for a living, not a trader that occasionally enjoys life. Depends on where you live doesn't it?

Trading...Yeah Right...

Careful there, I'm not suggesting that you go long or short or anything. I trade the trends, but even that requires a lot more consideration. The pairing is when the Aussie is showing strength and the JPY is showing weakness. The USD pairs can help ...

Aussie Pairs

Another question... how does this effect mid-trade adjustments to risk? For instance 3 days after your long term trade opens you see a chance to move your SL to break-even and remove the risk. If you're going for a risk per day approach, as opposed ...

Position Sizing Puzzle

Of course they are. As you pointed out the cross-pair price is basically the multiple of the 2. Ie: current price of the AUDJPY is 98.00, USDJPY is 104.33 and AUDUSD is .9394. So: 104.33 *. 9394 = 98.007 This is why we look to pair weakness with ...

Aussie Pairs

The USD is almost always the dominating factor in it's pairs. Altho the CHF economy is fairing a little worse than the bulk of the eurozone it seems.

EURUSD and USDCHF Correlation

Nobody with a profitable EA is going to sell it, and nobody in an unstructured environment could ever stand to let a black box system drawdown. The first time the machine goes neg for a few weeks the trader's going to panic and screw it all up... ...

Trading...Yeah Right...