Hey Fool! I am the same as you, I LOVE to trade the high volatility trades, especially a news announcement like today's FOMC. I just had never tried it with Oanda. I'm wondering since there was so much attention surrounding this particular FOMC if ...

OANDA Discussion

Interesting — I've been trading Oanda for some time now. Absolutely no issues trading with them at all, that was until today. It was too hard to pass up the huge spike after the news. I had a 10 pip spread, which was okay. I knew there would ...

OANDA Discussion

Hi Cunparis, I am far from an expert on this subject. The following charts I am posting will show how I approach a day like Friday. These are the exact levels I was watching today. The red lines are drawn from a 4 hour chart to give me kind of an ...

The System III (Oh no!)

Hopefully you didn't miss the dollar hammering the euro! I know, probably nothing more than some profit taking off of the test above the 1.4000 level, but it sure was fun. Have a great day! Coach

The System III (Oh no!)

Sidefx, this was a nice trade idea. I think on another day it may have worked out quite well. There was a lot of momentum to the upside today because of the interest rate announcements for the Euro and the Pound. I am enclosing a chart showing how I ...

The System III (Oh no!)

Precap — Hey Precap, thanks for posting your charts. The problem is this thread is about price and support and resistance at turning points in the market, without the use of a bunch of other indicators. I can't see what you are trading either. ...

The System III (Oh no!)

Trade Example — Hi Feb and others, Read through the entire thread today. To me, this is the way trading needs to be. I am much more of a scalper, but since this thread was started with Feb using more of a 30 minute chart, I thought I would ...

The System III (Oh no!)

You probably don't know me, but I used to really enjoy reading your posts. It is good that you are back. Best of trading to you! 1. Scalper 2. EUR/USD 3. Cash (For now) 4. FXDD Power Trader and Oanda

What type of Trader are you?

Found this post from Feb dated March 11, 2009. What caught my attention was the "cost of tutoring." Feb, for your great teaching and generosity I will forever be grateful. You taught me some things through this thread that came to me at a very ...

The System II (Yes with irony)

Hummm...Well you did very good on your percentage of return for the time you posted here. Yes, two things I believe that are key to learn through your experience as a scalper is knowing the right time of day to trade and recognizing the best setups ...

2 losses,30 winners, out of 32 trades

By the way Woo, good job on your trades this week. I am happy for you. Yes, it can be difficult psychologically to post all your trades because you think it is important to win every trade. I look at it this way...it is next to impossible to be ...

2 losses,30 winners, out of 32 trades

EU (Not sure on EJ but should be close to same) Full contract=$12.50/tick Mini contract=$6.25/tick Micro mini=$1.??/tick Commissions plus spread definitely something to be considered. Although if you consistently make 12-15 pips per trade, should ...

2 losses,30 winners, out of 32 trades

Turveyd, I believe there are Futures brokers you can open a 2k margin account with, such as MB Trading. I know so many traders who are having trouble with FXCM. I really don't understand it either. I have heard very good reports on Oanda though. It ...

2 losses,30 winners, out of 32 trades

Woo, if you are trading MBT MT4 platform, I would drop it and use their MBT Desktop Pro (formerly Navigator) platform. I do not trust MT4 for scalping at all, period. I used to trade MBT a few years ago on their Navigator platform with absolutely no ...

2 losses,30 winners, out of 32 trades

Hey Magnum, good points. There are MANY ways to make money in the Forex market. That's exactly what I am trying to say. I have the ability to spend those several hours each day in front of the computer. Scalping is a way of trading for me that has ...

2 losses,30 winners, out of 32 trades

I really cannot believe I am going to lower myself to respond to a totally clueless trader like you. Traders like you love to assume that scalping has no legitimate place in trading, that somehow scalpers are right in there with the lowest of low ...

2 losses,30 winners, out of 32 trades

Woo, Good job! You may have little data so far, but at this point you are doing good. There are many ways to make money in the market. If you have found a trading edge that works for you, keep trading it with great confidence. Beware of getting too ...

2 losses,30 winners, out of 32 trades

Hi N2FX, I'm posting here so that I can be subscribed to your journal. Not a whole lot here in FF that interests me anymore, but I like the way you approach your charts and the way you trade. I will look forward to your future updates. Thanks for ...

N2FX - 1/5/15 Minute Pattern Trades

Trade 3 — Three trades today. My plan is to normally trade once per day. Due to the volatility in the market today, there were some nice opportunities to "scalp" a couple of extra trades. Trade 3 Daily Buy USD/JPY to be above 9440 @ 84.6 ...

Binary Forex Trading Journal

When the market is like this it reaches up and grabs many traders. I'm sorry to hear about your loss. On a day like this I much prefer to wait til the market shows it's hand, i.e. this huge move in the market on extreme dollar weakness. By nature, I ...

Binary Forex Trading Journal