USD may appear weak, but it's been said that USD weakness is already priced in... where-as the UK's issues haven't been vetted yet. I don't really know what'll happen, obviously, but I'd like to see a bounce off the 365 followed by a prolonged short ...

Cable Update (GBPUSD)

Well in the past it's just caused a small spike followed by a technical completion. So... I'm guessing it won't matter except to intra-day traders. Just my shrinking $.02 tho... obviously it could do anything, who the heck knows.

US Housing data

Plot a 365MA and a 200EMA on the daily. See how price behaves around those 2 lines over time, breaks and bounces.

Cable Update (GBPUSD)

Absolutely, but does it matter when it will happen? In a truely random set of data there is no strong trend, merely a trend that hasn't regressed yet. The random walk theory has been disproven for years, you need only look at human behavior to see ...

Market Inefficiencies Thread

I always heard it was closer to 1%, lol. Which is quite huge given large enough trials, hence the reason they'll boot you. Give me a guaranteed 1% advantage in the markets and I'll own the world. =) Very nice, when you're done do let us know. What ...

Market Inefficiencies Thread

USA? Why would you need an LLC? Are you taking it as business income or as a 1256 contract? And why? LLCs are not something you join, they're something you setup with an attorney. It's a limited liability corporation, and it usually counts as ...

Forex Taxes

Fair enough, but anything over 50% is a statistical edge. Sit down at a black jack table and you're gambling, but start counting cards in a single deck game and you have an enormous advantage. IMO gambling is where you have less than 50% edge. I ...

Market Inefficiencies Thread

Can't know it's position in 1 or 2 months, can't even know it's position in a week. All you can know is that a particular pattern will tend to continue, and trade with that in mind. Be sure you have your contingencies in case it doesn't... when you ...

Time Frames in Forex

There are a lot that I've mapped. The biggest I've seen revolves around trader psychology: fear and greed. Resistance and support are good examples of this, at support people are too greedy and at resistance people are too fearful. Overpriced and ...

Market Inefficiencies Thread

You would have to modify the indicator to scan thru all of the symbol()'s instead of just the one that's active and take the required action.

Background Pattern checking? Possible?

Or not. I prefer to position trade, all of my non-demo trades follow the trend and are good for weeks or months at a time. Don't let intra-day scalping skew your perspective. Started 2 new trades last night... didn't bother to check them until now, ...

It's impossible to lose money in Forex!!!

"Win" ... lol With those profits you'd be burning a fortune in spreads and slippage. You could get a better deal by buying a seat in the pits and hiring your own trader to get you in and out at a discount.

If I win 10 million a day

Jeeze guys, don't feed the trolls...

It's impossible to lose money in Forex!!!

Pip count doesn't mean jack... 1 pip or 100, the money is in the lot size. But lot size doesn't mean jack, 1 lot or 100, you've got to survive those lean times to have a positive rate of return. But rate of return doesn't mean jack, 10% or 100%, the ...

10 pips daily isn't enough?

Pivots are only one example of resistance/support, there are hundreds. My entire approach is based S/R and I wouldn't have it any other way. Get good at seeing other S/R levels and you'll see that pivots are only part of the picture. At the time ...

Support & Resistance Level (help needed)

There are a few, but they're scattered. Dialist's thread is good, it's a sticky in one of the forums. I wrote up a quick resource list here: url As for S1/R1/etc that is pivot point lingo. The pivot is a math construct based on the previous ...

Short Hand

ROTFLOL. Futuretesting... as in downloading your feed straight from the mind of God? Talk about an ECN! I bet the spreads are "to die for" eh?

How much reliable is forwardtesting?

There's also the "breakeven" factor to consider. Neither a win nor a loss, done correctly it can mean the difference between a negative and a positive expectancy over longer time frames (years). Don't believe me? Look at S/R breakouts or MA ...

What trading system generates the best win/loss ratio?

SWAP is just the interest rate differential for the pair. It changes when interest rates change. Example: EUR/USD You go long, you sell off borrowed USD and buy EUR. You're pay interest on the USD you've borrowed and will be paid interest on the ...

Whats that SWAP thing

Means he's trading with ~125 micro lots. If you trade with 1 standard lot on the EURUSD 1 pip is $10, 1 mini lot would be worth $1, 1 micro would be $.10 ... Works like this: 100,000 * .0001 = $10 10,000 * .0001 = $1 1,000 * .0001 = $.10 As for his ...

eur/usd pip value question