My gosh!! Why in the world would you even trade currencies if you feel 100 consecutive losses might actually occur?? Or spend the time and energy trading when you are looking at a few dollars per day because you spend years trading ...

What the ^&*%% just happened?

Barring any new news releases, I think we will see a drop on the first day back down to at least 1.4150, with probably a couple of down days before it starts back up....but even if it starts back up, it will probably just be a quick retracement ...

EURUSD price 1.41938, would it raise again ?

A1: Allow US citizens to be able to trade 400:1 again. A2: A repeal of the Frank-Dodd Act (i.e a miracle)

The impossible-question regarding Forex

Excellent post!! The 2 second glance comment is spot on.

Debate on technical tools

Although your profile states you have no experience, you obviously are experienced as you are consistently profitable (congratulations, by the way!). Why don't you show everyone a screen shot of your chart and explain your analysis/why you get into ...

Debate on technical tools

I have used EMAs and BB for S/R-type info for years. Try a 5,10 and 20 period EMA (generic mid-BB is roughly 21 period EMA) on different time frames. Watch the 15 minute, 30 minute and 1 hour charts (with a 5 minute chart thrown in when price is ...

Debate on technical tools

Which is easier to grasp?: 1) i can understand your strategy perfectly, you are using bollinger bands to help you calculate standard deviations, as to know what is within the realm of normal price variance, and the strategy also takes advantage of ...

Debate on technical tools

You always need to check other time frames to validate what you are seeing on one. I use the 15 minute, 30 minute, 1 hour and Daily charts....they seem to work well as the first three are half of each other. This is what it looked like on the 15 ...

Debate on technical tools

I tried all of them, putting them on the charts using different time periods and different settings...I used EMA in stock trading, and EMA seemed to be the best at predicting the point where price will hover (ie support/resistance) in currency, too, ...

Debate on technical tools

A lot of trading is watching and seeing how things move and react. These things tend to repeat over and over. Take BB, for instance....think of them as a fence, with price not wanting to be outside that fence for very long. So when price gets ...

Debate on technical tools

Good deal!! I look forward to be a part of the discussions...

Debate on technical tools

If you can not use whatever it is you chose to use (by "you" I mean a trader, not you specifically) to predict the direction of price movement, then you are basing your trading outcome on luck. When I get into a trade, I am very confident, barring ...

Debate on technical tools

You need to fully understand margin requirements and available/usable margin (and how/why it moves) and magin calls and how they interrelate to one another. This isn't like stocks when a true "margin call" means a call (now an email) from your ...

Trying to understand lots and buying on margin

When he buys a stock based on value, he is predicting an increase in price over time. Perhaps it is too late tonight, but I just don't see the value in building a strategy on placing a stop where the price isn't going to go...seems like it would ...

Strategies that don't predict future price

Sounds great!! Unfortunately, I am unable to trade 10-20 full sized lots on a 1:1, so I have to use higher leverage. Shoot, the move of US residents back to 50:1 forced me to deposit much more than I wanted to keep in my account!! Keep up the good ...

Where is the EDGE in trading? The most important thing in trading!

Just out of curiosity, why would you not use leverage if you consistantly make those type trades?

Where is the EDGE in trading? The most important thing in trading!

Sure it does, if you buy enough contracts and trade short term. Buy 100 contracts and a $0.10 move in the option price is $1000 profit (minus commissions). The trick is to only trade those stocks that have a large daily range, pick the stock whose ...

Where is the EDGE in trading? The most important thing in trading!

I think maybe the problem is that you are looking for a hard and fast "if/then"-type rule using indicators. Instead, use the indicators, along with everything you currently use, for information on where price most likely will go in the future. Many ...

Where is the EDGE in trading? The most important thing in trading!

Of course all indicators don't work!! I think even a beginning trader could tell you that!! Besides, I was only responding to a comment that was made based on your own question: But sorry, didn't mean to intrude. I'll just let you two get back to ...

Where is the EDGE in trading? The most important thing in trading!

I appears that you don't want to know so much if they work or not, but rather you just don't want to put in the effort to make them work for you. It sorta seems that you are wanting someone to give you a specific method or pattern or system that is ...

Where is the EDGE in trading? The most important thing in trading!