You want the price to move? Put on a stop !

Cable Update (GBPUSD)

Ok, this was a big move in an unexpected direction (for me anyway). The thing I really would like to know is what sparked this move today? ....anybody? This is an interesting one. There is resistance on a 4hr chart at 1.64. There is also a high ...

Cable Update (GBPUSD)

First, you should follow the link in Tormo's post and absorb the first page. If you can make 3% a day, every day, your dreams will be quickly realised. In practise you will be scalping and once you get above the parapet your broker will likely start ...

What's the quickest way to get 20 pips a day

Well, I recently closed my CMS account after 3 years. I have to say that the closing balance arrived in reasonable time. < then I wrote a whole load of broker bashing, but it is pointless really so I took it out. If it works for you then use it, if ...

CMS inverted spreads and ndd

This evil has arrived. It is called CFD (Contract For Difference). This is a leveraged product based on the stock market and they are now starting to push this in the UK. CFDs are mostly traded on blue-chip stocks and it is a convenient method of ...

How do retail forex brokers lose money when we win?

I just had to laugh — From a seasoned and generally respected trader on this forum Priceless

Advice Only. 1 Liners Concise.

I would think that if you cannot do it on the demo platform then you will not be able to do it on the 'real' platform. With FXCM I expect you would have to open 3 positions with different TP figures. With some other brokers you can simply place an ...

FXCM Discussion

Lower leverage is the key. For those that don't know how to calculate it is very simple; size of position divided by money in your account. There are varying views on what is the right number, but around 5:1 seems to be common. Wishing you success ...

Are Brokers really out to see me fail?

Sorry Soul, could not resist the quip about stops - in view of your previously aired opinions earlier in this thread. To all newbies out there, I commend a full reading of this thread. Nowhere else in the Factory have I found such useful ...

Soultrader's Clinic :)

Surely that can't be right? For one thing he mentions stops!

Soultrader's Clinic :)

This is absolutely true — This is the manifestation of the financial problems we see today. Banks do not trust each other and will not lend to each other. The various central banks have been trying to correct this issue for months and push ...

FXCM Discussion

Thank you for your comprehensive reply. I have studied the charts you posted and I need to play with some more drawings. Also I shall read some more of this huge thread. Cheers

Fibonacci Trading with Bobokus

Well thanks for that, bbut I would think the fibo levels fall out naturally from the choice of where to place the 0% and 100% lines. Anyway, I'm going racing now so a bit quiet from me. Cheers

Fibonacci Trading with Bobokus

Which top to choose? — Hello people, I read the 'pdf' on fibonacci trading, thanks for the effort there - a useful piece. I see a setup coming on NzdUsd but I need a little advice on how to gauge this. I have too many tops, and not sure about ...

Fibonacci Trading with Bobokus

But we did get selling of EurChf, although with such a massive drop on the Euro it would be difficult not to have that. The Swissy stood up rather well considering other European currencies were in free-fall. The news here has been focussing on ...

War in ossetia influenced markets?

Expect the unexpected — There is no doubt that TRY/JPY is an attractive carry. I wish to point out two hypothetical scenarios that would definitely spoil the plot. Least likely scenario - North Korea lobs another missile a bit closer to Japan. ...

carry trade for 3--5 years

This is exactly what we are currently enjoying in the UK. The demise of Northern Rock has pulled 20% of the lending capacity. A significant number of the remaining lenders have burned fingers from the US debacle, and are over-exposed in the UK ...

fannie and freddie are insolvent

Ah-ha! Thank you Smikester. I have been looking at this setup and wondering about the likely outcome. My chart I drew slightly differently and got this very interesting focus. This chart is a couple of days old now, but the price has traded sideways ...

Daily GBP/JPY analysis

You could try the Metatrader forum on FF. Otherwise I suggest you plug "automatic forex trading" into Google.

Is there an ECN that will deliver 3 year backtested results of >2% a month?

re: Oooh lala what is this? — I like this one! However I have a question for you. With the UK economy going into reverse, and the EZ economy seeming to be strong, would you factor any of that into your thinking or do you just read the charts? ...

No Brainer Trades