Obviously "every day" won't happen. But a similar strategy works well on market opens if you're into scalping. Easy way is to find the range from between 7am to 8am and use a pair of stop orders to straddle the range starting at 8am. Let it keep ...

20 Pips A Day Every Morning Between 8-9a.m EST

This is always the problem with an unmanaged downside. Everything from martingale to grid trading. It's trading on luck, not skill. In a system like this the skill would come in knowing when to close a trade (or when not to open one)... that would ...

Once 12 pips up is it a good idea to Move stoploss to breakeven?

Usually trades are aggregated, so your trade is paired against someone else that is selling USD and buying JPY. Only the net trades are passed out to the market and used to cover the net position risk. Brokers have "liquidity providers" that allow ...

Behind the scenes, how to profit off buying USD when account is in USD?

1. Yes, it correlates to the dollar index pretty well. And quite a few other things correlate to the dollar index (oil, gold, DJI, S&P, some days forex looks like a mirror of the DJ). 2. Usually to get an idea about how to improve it and to look for ...

Questions for a better trading system?

You mean something like... As an indicator? Don't see why that'd be hard. Why do you want a separate window? I don't think MT4 can do windows or advanced graphics.

Show pip value in MT4? Show pair in an enlarged window?

Explains a lot, been saying they need to add to their server farm. I used to live by the Univ of Utah off 13th east. Nice town, family's from the midwest tho and ended up moving back here.

Should a trader trust IBFX?

ROTFLOL. Yea, that line is incorrect. It costs less euro to buy the dollar, not more, as the EURUSD goes up. Ie: the value of the euro goes up relative to the dollar so it has more purchasing power and can buy more dollars with less. An easy way to ...

Is this line from IBFXU correct?

IMO, good money management and stop losses reduce the risk. There's always a risk of a big gap taking you beyond your stop tho, but I think avoiding weekends would help with that as long as you're using a decent broker. Keep in mind tho that pairs ...

Risk with Forex

Last COT showed dollar gaining ground. Yes we're in a recession... but we're further along in it and much of Europe is just starting to show the nasty face of stagflation. Do I think we're "out of the woods" yet? No, look at what Bernanke's speech ...

EURUSD Fundamentals

I totally second that. Get a micro lot demo and open up .10 lots on your trades. Also go grab the vhands simulator and play on it. Fall in love with your charts. Oh and its perfectly okay to close trades before a big news announcement (NFP, CPI, ...

My charts refuse to open themselves! Inspiration from successful traders needed

LOL. Yea, well... Depends if they all did it at exactly the same time, right? If not, then it would move very fast in one direction... then very fast the other direction. Then suddenly people would come along and realize they could make money doing ...

Trade with a Strategy

Hahahaha... I'm glad I'm not the only one thinking that. "Jeeze ben, just shut up!" It's not just a predictive indicator... no, it's the BENdicator. Anyway, pretty predictable bounce off the support level. 1.98 has been hard to breach. Looks like ...

Cable Update (GBPUSD)

I only see a small 30 pip dip followed by a rebound. Could just be a big order.

Whats going on with GBP right now? 3:30pm EST?

Well for one it can. It's not only slightly more likely to go in the called direction (5 minute pinbars are more or less a crapshoot), but also much more likely to allow a graceful exit. If you're trading on smaller time frames exits become a lot ...

I'm losing...insight requested....

The USD is gaining strength... but there's a rule "never catch a falling knife." I have no idea how stable that strength is, whether it's just a temporary ledge or whether it's more long term. The interest rate decision and the upcoming data over ...

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

Everytime I try to open up additional metatrader windows it always goes back to the first one instead of opening up a new instance. Hence I don't think there's a way to run multiple instances, and since only 1 account can be active per instance... ...

Help a nEwbie!!

Ok that's very helpful. You're looking for when the commercial and non-comms pass an intersection... so that effectively the 2 positions have flipped. You compare that information with rate cuts and perhaps other key factors to get a "weight of the ...

COT Charts, Great Info?

Agreed. And probably impose margin restrictions too... not that we need high margins to trade (good MM and all), but it would decrease the number of trades we can have open at a time. Long story short they want more "self oversight" so they can get ...

Treasury’s Plan Would Give Fed Wide New Power

Question about the dollar index: url We see a 28.3 to 45.7 open interest, so we're certainly seeing dollar weakness. But if you look at the change in open positions we've seen a slight increase (1438 in non-comm long, net positive difference of ...

COT Charts, Great Info?

LOL. It's not about being a threat, it's about money. These brokers aren't in the money loop, they don't pay fees or license dues to any federal agency, they don't report taxes, and all their accounting (leverage, spending, etc) happens behind a ...

Will the Fed regulate US FX Brokers?