Been long silver for awhile.

Cable Update (GBPUSD)

Yes. But as Shilva elaborated the bid/ask will widen and your profits will be less than if you close on Friday. If your trading system occasionally holds weekend positions it is better to suffer a 30pip spread to close a position than a 200 pip gap ...

Cable Update (GBPUSD)

EUR/GBP Strength — Been thinking that the market's current obsession with seeing eur/gbp parity will be bearish for gbp/usd until their done playing that game. I don't trade fundies, but I like to keep my ear to the ground. Any thoughts?

Cable Update (GBPUSD)

Hey no prob. Cognac man myself.

Cable Update (GBPUSD)

Wow. Where did that come from? My clarification wasn't directed to you but to a subsequent "tongue in cheek" post about a weekend trading system.

Cable Update (GBPUSD)

I never implied that it was a good idea to trade the weekends. My message was that the ability to close a position over the weekend to avoid a news driven Sunday gap against the position was valuable.

Cable Update (GBPUSD)

Yes. But I don't initiate new positions. The spread is too high on weekends. About 20-30 pips. I will close a profitable position if a major news event on the weekend may affect my position. Helps to avoid gaps against me.

Cable Update (GBPUSD)

yes. 5pm est

Cable Update (GBPUSD)

I like Oanda because their platform never closes. I can hold weekend positions and close them if I feel news releases may gap against me.

Cable Update (GBPUSD)

Yes. Previous support of 4660 is now minor resistance. I see stronger resistance at 4800.

Cable Update (GBPUSD)

Already retraced Fridays last hour drop. At 4660 now.

Cable Update (GBPUSD)

I didn't know Mr. Madoff was a FF member.

EURUSD

I agree bill. The closest I have been able to trade indicator free is by implementing Donchian style breakout variations. No charts required. It can be argued though that using previous highs or lows over n periods is still an indicator.

looking for trading system without indicators

Only 10 pips on Oanda. Trade time.

Cable Update (GBPUSD)

I just see consolidation. Breakouts are where the real money is made.

special look at GBPJPY

Current bid 1.2579

EURUSD

The market is always open. Your broker may not be. Oanda is showing 1.2609/1.2624

EURUSD

Spieler, It looks like you only take long trades when you have an open long that is in drawdown. Do you ever have both long and shorts at the same time. Or does that defeat the purpose,kind of like hedging the hedge. Thanks, Bob

Hedge trading spieler system derived from futures spread trading

Thanks Flamenco. Sometimes the simplest solution is right under our nose. We just automatically look for something more complicated. There's a reason they call it Windows. Thanks again, Bob By the way, I feel like your sig line right now.

Paulus - Traffic lights

Ronald, What would be great is to have the CCI 8 that Paulus uses modified so that the 15m can be displayed in the 5m chart with the same +blue,-red look. That way we can have just have one chart open with the two CCI's stacked. Thanks, Bob

Paulus - Traffic lights