While it's probably a bit too optimistic, you don't need to call a direction at all. Just put a buy-sell stop pair some pips out from the current position (ATR can help with that, look at non news ATR swings and compare). Figured that out my 2nd ...

Why do 99% of the people who wants to be traders fail?

Hrm... original post is a bit spammy, but it's still a good discussion. I make bad trades all the time. Doesn't mean I've "slipped" and doesn't mean it's personal. Every trade has a calculated risk... 20%, 30%, even 60% on some trades (those better ...

You slipped and made another bad trade!

Indicators work because other traders use them. Some are more used than others... depending on the pair. I use moving averages on practically all of my charts, not looking for crosses but rather looking for which ones the market is following... and ...

how to use macd

Hrm, am curious... how are you determining trend lines in an EA?

My EA shows from $500 to $59K in one year

nod. Do this tho... backtest a long on the EURUSD since Jan 2006. You'll notice that if you held the position the entire time w/ no stoploss you'd have more than doubled your balance by now. Why do I bring that up? Because in a trending market, or ...

New Trading System

Looks like a pinbar on the h1 charts right at the fib. If you do a fib for the ranging period it looks like it looks like it's coming from the 75 and just passed the 38.2 line. It's tested the 38.2 several times and failed to break below it, so if I ...

EURUSD

Do trend lines and fibs count as indicators? They do indicate things...

how to use macd

My post from earlier this week has books, articles, etc... url

Updated beginner resources

Or so we think... I'm still short for the day it happens tho...

Level that price will not cross too many times?

On some patterns I've found you can predict a ret of a certain amount, and there limit orders have their value. I use stop orders more often tho, for instance when you see the market tightening up placing a stop order in both directions (a handful ...

Market or Limit orders

Most MT4 brokers have demos. Search for "MT4 brokers" and there's a whole list of them. I use interbankfx at the moment.

Brokers for technical trading that have demo accounts. MT4

Useful links and reading material... Dialist's thread: url James 16 thread: url Babypips: url PFX vids: url Articles thread: url Books that come recommended: Trading in the Zone by Mark Douglas Trade your Way to Financial Freedom by Van ...

New!

That could be very nice. What does the rest of their business look like?

Institutional Spreads Available on MT4

There might be some use for it in carry trades and/or multiple trades. With multiple trades it means your margin security is lower, so more trades or more tolerable swings per trade. Risky... but there might be a strategy that could use it wisely.

400:1 500:1 leverage

It did go up, right to the 61.8% fib level... I was hoping for more, but oh well, take what you can get right? Right now there's nothing here on the intra-day charts worth trading as far as I see. But if this retrace level turns out to be a ...

EURUSD

I've had one w/ non-forex accounts, but never had one connected to my trading account. In general they work fine, they just deduct any withdrawls or charges from your balance. Usually the amount is deducated in the account within 24 hours, but ...

Anyone had experience with debit cards

Well, outside of news or high volume times... I haven't had any problems. I guess if you're not a scalper or a news trader and just trading the trend or using the H4/D1 ... I doubt there'd be any problem.

Interbankfx platform gets frozen.

I just use the volume indicator in MT4...

best indicator to measure volume