Short the euro eh? I missed the short play on that the one. There have been too many trading opportunities the past week, I'm having trouble following all of them. Combined daily trendline break with a H&S pattern breakout, what a signal.. 250 pips ...

Aussie Pairs

Thanks for the comments. Since I primarily trade the commodity currencies and their respective yen crosses, I'd rather discuss them in these existing threads, instead of segregating worthwhile discussion across multiple threads. But a ...

USDCAD trend reversal?

Classic! I might have to borrow this post to use on other trading forums, I'll certainly give credit though.

LOST 7K$ in one week, help!

Is that all you have to add to the discussion? This thread needs all the participation it can get. We've all made our share of bad calls, have you seen any of Dutch's posts lately?

Aussie Pairs

Leverage? 50:1 direct, 25:1 on crosses. Per order? It was $5MM back last spring, but they've since removed any per-trade size limitation. They typically have 40-50MM in the book at all times for the majors (5 levels deep at 0.5 pip increments). ...

FXCM or Oanda?

Interesting chart. Could you elaborate more on the mathematical support at 8581? In the event of a retrace, I see the 8684 resistance level being the first test (former support from 11/21 - 12/6) and then the 8750 former support zone. If the ...

Aussie Pairs

I would strongly advise against Tradestation. They add a half pip to Gain's spreads, which already aren't competitive with ECNs to begin with (yet they charge a similar commission). I just spent two months testing their platform and was really let ...

FXCM or Oanda?

I was thinking of EURGBP.. I don't follow the pound in detail.

Contradiction between Fundamental & Technical analysis??!

Wiki. The big news was in Sept, but the pound has been under pressure ever since.

Contradiction between Fundamental & Technical analysis??!

Didn't they already? What else would you call the highest inflation reading in 18 months? Analysts were predicting up to 3-4 more cuts in the Fed Funds in 2008, Friday's CPI throws away much of that possibility.

Dirty Big H&S in the EUR/USD

If you're only choosing among those 2 dealing desks, Oanda is the lessor of two evils. FXCM gets a bad rap here and elsewhere.

FXCM or Oanda?

You might want to familiarize yourself with "Northern Rock" to understand why the pound underwent a severe selloff in Nov.

Contradiction between Fundamental & Technical analysis??!

On an ECN, same speed, order processed instantaneously. On a dealing desk, who knows. IB's ECN typically has 10-20 million on the inside spread for the majors, sometimes higher. An order for 200 lots would process immediately without delay or ...

trading with 10 millions VS 1 million ??

Since you seem to be unfamiliar with the ECNs, let me start out by saying that much has changed in this aspect of the FX environment in the past 1-3 years. Access to institutional-level spreads and liquidity, what would once be thought impossible ...

Technical Analysis Fallacy

$50k is not a "safe amount" for holding $1M for 3 years, not by a long shot. $50k would be blown out by a 5% move in AUD/JPY against your position. AUD/JPY was +3% and -3% on two back-to-back days just this week. That pair easily ranges 5% in a ...

What's wrong with these "facts" - Re: carry trades

I believe MPP was referring to the longer-term trends. The monthly trend from 2001 is firmly intact (@ 1.33), as is the weekly trend from Jan 06 (last tested in August at 1.34, now at 1.37). The market was testing the daily trendline since last ...

Jacko's Forex House of Pleasure and Pain

Looks like the signal was spot on, just a day or two early unfortunately. Free fall ever since the August upward channel was shattered.

Jacko's Forex House of Pleasure and Pain

Every indicator I had said it was due to take off, I just wish I bought more. Once the stops were run on UJ's 112.50 level last night, all signs were green. The question now becomes whether it can break its 200-day sma (111.72) and the 61.8 fib ...

USDCAD trend reversal?

I'm looking more at the intermediate term than intraday. C/J has tumbled going into mid-December every year since 2002. A recovery might not begin until Jan or later, and it could tumble lower until then. However, the crude vs C/J divergence rarely ...

USDCAD trend reversal?

Not right now. I have been a recent buyer of CADJPY in the 108 area and am looking to establish new positions in the 108-109 support area (or on a breakout above 111.80). This pair typically has a correlation of nearly 90% to the price of spot ...

USDCAD trend reversal?