I trade larger sizes, and I've had my fair share of big wins and big stop outs. I'd be happy with 40 pips in any trade, and I wouldn't criticize any trader for only making 40 pips a trade.

Trading the Kiwi

Oh? Why not just do that all the time if it's so easy? Make 40 pips a day starting with 5 lots and compound your order size with each trade, you'll be a multi-millionaire by year end.

Trading the Kiwi

Any fundamental news out on kiwi's weakness? AUDNZD going ballistic, up nearly 600 pips the past 2 days.

Trading the Kiwi

Technically that triangle was already broken to the downside today. Your lower trendline should be using the Aug-29th low as the second touch, not today's low.

USD/JPY Discussion

T888, Glad to see you're back. I agree with you on the short-lived nature of certain threads/strategies and the under-assessment of risk. Risk analysis and proper backtesting appear to be afterthoughts when any method sees short term gain. I'm a ...

How to be a trader for a company?

Since you're trading a support-test in a downtrend, I'd lower the SL to a point just below the S1. Yes, it did retrace off S1, but if you look at yesterday for example, similar situation - however price broke the daily, S1, and S2 in one fell swoop. ...

USD/JPY Discussion

110 would mean A/U levels also above their highs of 8870 (reasonable) and U/J levels back to +120 (or comparable levels in the carry pairs). We have a long way to go with A/J still below the 50 fib, but I'm sure it's only a matter of time.

Aussie Pairs

No problem. It should also be noted that the 38.2 fib off the 124-111 move is 116.38 (within a few pips of the monthly pivot). So the market has both to deal with if it wants to head higher. It may continue to be a safe shorting zone until it builds ...

USD/JPY Discussion

MBT/EFX's swap rates are deplorable, as outlined in my post here. Also, their commissions of $5 per $100k are really high (IB is only $2 per $100k). I'm not sure about Hotspot's retail commissions or swaps, but their spreads are decent (1-3pip on ...

HotspotFX ....any experiences?

Sorry, the original was right. Interesting to see how the monthly pivot has acted as strong resistance twice the past two days.

USD/JPY Discussion

What's the significance of the 0% and 100% boundaries for your fibs other than Sunday's high/low?

USD/JPY Discussion

jacko, After that last trade, was there a reason for not entering another buy stop at 1.3629 after it retraced? In doing so, that would've gotten you back in and subsequently raised your trailing stop to 1.3369 when the market hit the high of ...

Jacko's Forex House of Pleasure and Pain

Does anyone actually have anything constructive to add? Anyone used their FX platform? Moe, are you still with ODL Prime?

MF Global with strategyrunner-currenex ??

My bad, that was yesterday's, fixed.

USD/JPY Discussion

FXDD Autopivots (these may differ from Accucharts by a pip or two) R3 116.59 R2 116.35 R1 116.14 Daily 115.90 Central 115.95 S1 115.69 S2 115.45 S3 115.24 Don't forget the Sept. monthly pivot at 116.42.

USD/JPY Discussion

Some interesting figures from that big day (Aug 16th): Hotspot FXi - $50B Currenex (all hubs) - over $100B CME FX Futures - $133B notional url No reports on the volume done by either EBS or Reuters that day, but one thing is for certain, the ECNs ...

Futures vs Forex. Who is more liquid

No I don't. It's primarily of use in trending environments, which reportedly occur only 30% of the time. So like any trend indicator, it'll result in far too many whipsaws in a ranging/volatile environment similar to what we've encountered the past ...

USD/JPY Discussion

For anyone on ODL Prime, is the quoted $500MM monthly trade volume requirement flexible or enforced? I think this may have more to do with HotSpot FXi (that they may be more flexible if you're trading on Currenex). Although I'd much prefer to be on ...

Anyone trading live with ODL Securities and EFX Group?

Justin, Regarding swap/rollover rates - these should be clearly listed on your website as other reputable brokers do. Prospective clients of EFX/MBTF should NOT have to download the demo, place a trade in each currency, and then add two columns to ...

MB Trading Futures - Introduction

Well said my friend. dove, There shouldn't be any sense of overdue presence on a public forum, unless of course, you had personally not intended to stay for other reasons. I don't agree with keeper's thread-jacking accusation, I think your presence ...

USD/JPY Discussion