I have an account with FXCM and I'm transfering 80% of the funds to a new account that I've set up with Interactive Brokers today. I'll keep the remainder in for now, just to allow me to continue trading while the transfer goes through, but if ...

Refco debacle

And what, pray tell, is wrong with keeping it simple? Do whatever works for you. Frankly alot of the time I haven't a clue what people are talking about on these forums. And you know what? So what!! Do enough reading and you'll pick it up eventually ...

Back to basics or information overload?

Ok finally here's the chart. Thanks for your help everybody. http://img415.imageshack.us/img415/504/1gbpusd9vx.jpg

This is how I trade. What do you think?

Thanks for the advise, I’ve attached a screen shot to this post. You will see that the places ideal for good trades are circled. The key here is being aware of not only my primary 15min screen but also the 2hr. These are where all decisions are ...

This is how I trade. What do you think?

Hi Dial. I use net dania charts so I don't know how to save the image but give me a day or two and I'll see if there is a way I can capture a screen shot and show you what I mean. Regards Steve

This is how I trade. What do you think?

Things have been "bearish" for some time now. Is it a big deal? I daytrade so, for me, not really, but for a swing trader it may very well be.

The Pound has broken several Support lines. That is a big deal right?

Any time you pick a broker which acts as the sole market maker you are putting yourself in a situation where manipulation can and in all probability will occur. In my opinion you are much better off going with an ECN. Try Interactive Brokers or ...

choosing a broker

Actually Dial, The indicator I found to be the most reliable, on its own, is a coin flip. 50% accuracy, not too shabby. I've noticed in some of the other forums that the threads which are most popular, in terms of views, are the ones in which ...

Lessons Learned during System Development

A solution to that is to adjust the settings of the indicator. In other words If you use a 20 period CCI setting on the 10 min chart, it would roughly be 40 on a 5 min chart. The setting won't be exact but they will produce very similar results. ...

Parabolic SARS

The settings for mention on the 5 min chart are a good exit strategy. If I were you though, I'd use a higher time frame and a different method for my entries. It'll improve your win/loss ratio and stop you from getting chewed up. Try the 10 or 15 ...

Parabolic SARS

I think the biggest mistake beginners make when they first start out (and I did this) is to focus on indicators. I all honesty the focus should be on market behaviour after all its the market you are trading not the indicator. The indicator is a ...

Lessons Learned during System Development

Very wise. Good for you. I exclusively trade the Cable and I've found that this market has very little respect for the conventional. I trade using 2hr, 15min, and 5 min charts. I place a hard "disaster stop" about a 125-150 pips from the area where ...

PPC - Thingamumbobbies

Ok. Are your stops "hard" or are they mental?

PPC - Thingamumbobbies

Look into Trade Station. Apparently if you open an account with them and trade something like 20 lots per month, they'll let you use the software for free. I can't vouche for it, since I've not used it. By most accounts its pretty good. ...

Charting software

Is this based on your risk management rules or is it generally at a technical level? Steve

PPC - Thingamumbobbies

How many markets do you monitor and how many trades do you typically look to put on during a day? Steve

Shrinking Market

Yup, that is very wise. When you're wrong, you're wrong. Get out quick, put the loss behind you and start to focus on the next possible trade. I believe the less time you spend in the market the better. The only reason to be in, is that there is a ...

I'm new Heeeeeelp

Hi good luck to you. Start small. Trade one lot and only one lot to begin with. Keep your risk to a minimum around 0.5% is good. If you can trade consistently at this level after a little time increase your position size. No need to bung $25k into ...

I'm new Heeeeeelp