It's the reaction of your bucket shop owner trying to buy another Ferrari for the weekend. Trade FX futures if you want a level playing field and don't like being ripped off by suddenly widening spreads.

can broker spread increase be exploited?

FWIW, that's one of the most clear and concise head & shoulders patterns I've seen recently. 1169 - 1095 (neckline) places a target sell-off to the 1031 level..

USDCAD trend reversal?

Thanks for all of the replies. I tried the USDX indicators, but if I wanted to run indicators on the USDX itself, then I'd be running an indicator on an indicator, which I don't believe you can do (without coding it). I tried the Alpari demo, but ...

Any MT4 brokers/datafeeds offer USD Index?

How about hedging with FX futures? Why pay a broker interest rate spread if you don't have to..

Help me to make a list of brokers that allow hedging in the same account!

I trade FX futures on CME Globex, they're available 23 hours a day, from 6pm-5pm Sun-Fri. There are several advantages, the top two in my book are earning the true IRD (no broker interest spread), and the ability to be filled on your side of the ...

Significance of Forex Options

I just downloaded MT4 for the first time, it worked right from the start with free data from MIG (demo). Daily and real-time data is running for all pairs.

Free daily metastock data..where?

Appears the mods merged all the AUD threads, which I think was a good idea. Looks like the retail sales caught some shorts off-guard, AUD/USD back above the .8300 level, and the down trendline from the 4/18 highs has been broken. What's everyone's ...

Aussie Pairs

So you're entering a buy stop on an upward breakout? You're not looking to get long at the current levels? (.8244)

Aussie Pairs

I think the question should be what risk/reward targets do you have, or % target, as pips vary depending on cross. 50 pips on GBP/JPY is far from 50 pips on EUR/USD. I for one target a minimum 2:1 r/r ratio for all trades (profit target twice the ...

How many PIPS do you go for on a single trade?

Let's average 10-20% as 15%. $500M * (1.15)^24 = $14.3 Billion. I think your friend meant 10-20% per year.

Options on currency futures as a hedge?

I took everything off the table from my 8340 short. RBA and NFP are too much of a coin-flip, and I'm not interested in gambling +110pip profit on those odds. I'd keep a tight stop on any open positions. Looking for a support break post-NFP of 8220, ...

Aussie Pairs

Closed my short position here at 8228 (+112pips). We're below the daily S2, I'll wait for a bounce and short again.

NZD - A disaster waiting to happen

The big action for AUD/USD will come on Friday with the RBA's Monetary Policy Statement and the US NFP both hitting the wires 11 hours apart.

AUD interest statement

kzazs, What are your thoughts as to the risks of holding AUD short through the interest rate statement on Wednesday? Although no hike is expected, has the RBA ever been known to surprise in the past?

NZD - A disaster waiting to happen

Good call on that exit, my initial target was only a few pips beyond that level. I didn't want to hold through GDP, too late now..

NZD - A disaster waiting to happen

Also shorting here at .8341 on a pullback to the 2-month trendline broken yesterday, stop at .8380.

NZD - A disaster waiting to happen

It is not just US weakness, look at the other AUD crosses. GBP/AUD and EUR/AUD have nearly retraced the full CPI sell-off. AUD/USD just completed a full 100% retrace..

NZD - A disaster waiting to happen

kzazs, What's your take on the lack of follow-through weakness post-CPI? With the combination low CPI and 2-month trendline break, I thought the sell pressure would be a bit stronger than what we're seeing. Instead, it has been rising steadily since ...

NZD - A disaster waiting to happen

Wow, very good call! Falling like a rock!

NZD - A disaster waiting to happen