I cut my teeth on Ichimoku Kinkyo Hyo. If I were to suggest to any of the prop traders I know here who use the system I was going to place my SL at the opposite side of a W/M Kumo for a potential 700P DD, I'd be laughed out of the room. (seriously) ...

Cable Update (GBPUSD)

I was going to say something, but don't even know where to begin. Good luck guys

Cable Update (GBPUSD)

lol... mate I'd have to send them all your way. my wife would not be pleased.

Cable Update (GBPUSD)

You're right, anything is possible. 10 beautiful naked women may ring my doorbell in 5 minutes... but I'm not counting on it. If someone is trading a Martingale style system and letting their losers run they can have a higher win ratio (which ...

Cable Update (GBPUSD)

cheers Mike. the more I use the DXY, the better my odds are of not giving pips back. man... if I had 1100 winners in a row I'd be sitting on my yacht instead of getting a chart tan. so much for not having the slightest grasp on statistical ...

Cable Update (GBPUSD)

Daily DXY. says you...

Cable Update (GBPUSD)

daily chart — .

Cable Update (GBPUSD)

one more chart — THe TL is at a key area for GU. WP/MP are sitting there, but more important, the three candles inside the circle on the first chart form the spike base, which signifies a strong demand area. (it could break if we hit it again ...

Cable Update (GBPUSD)

hahaha.. he loves trading Asia session with me, and randomly typing on the keyboard. very dangerous.... When he hits 10 months old I'll open a demo account for him. How's your little guy doing? He must be an ace by now. ok I'm out of here too. catch ...

Cable Update (GBPUSD)

rofl... don't hold back now.... Long time mate, hope all is good! hey BB, With AU, when we hit significant demand we'll know it. So far there's no evidence of any serious buying pressure yet, but when any pair goes parabolic like AU did from ...

Cable Update (GBPUSD)

Aussie is sitting on a support confluence here, so it may take a bit of work. No bias until it's resolved. If this level does go, 10200 area, then parity.

Cable Update (GBPUSD)

You should read Dodd-Frank to see what's in it. If it goes through in it's current form, the personal capital requirements for US traders is 300K yearly income or $1M in liquid assets (not home equity) which is similar to the requirements they put ...

The life of a trading system on Forex Factory

One last thought. As the global currency situation erodes, the natural response will be to blame speculation for the poor performance of sovereigns. So, gauging from the language that's cropping up, they may use Forex as a political tool to pass the ...

The life of a trading system on Forex Factory

It would have been sweet to be a trader in the Go Go 80's. It was a completely different market back then. Reagan and Thatcher just opened the credit floodgate, so the party was in full swing and making money was a hell of a lot easier. "Market ...

The life of a trading system on Forex Factory

Perhaps. This is what many people are hoping (myself included) but we need to be prepared for any of a number of outcomes. When they discuss limited profitability under the new rules they're discussing deleveraging. If you can trade with smaller ...

The life of a trading system on Forex Factory

Right, but the leverage is quite low for other markets. 6-12% (my broker is saying gold will probably drop further below 6.25% because of high volatility) The volatility and leverage makes Forex attractive for short term trading. Here's a bit more ...

The life of a trading system on Forex Factory

Hi David, I agree that books can't give the same guidance as hands on mentoring, but it's also very difficult to properly vet people who offer services on the internet. I think there are ways to go about it and ways not to. I met two professional ...

The life of a trading system on Forex Factory

The difficulty in this is separating the wheat from the chaff. There are plenty of books out there written by highly successful traders, so these are a bargain when it comes to gaining knowledge from people who have actually made it in this ...

The life of a trading system on Forex Factory

lol.... great post! It's always fun to try new things. I got pretty much the same results you did when I tested TMA a few years back. Besides the repainting issue, the biggest problem with a centered average is it's the slowest signal you can put on ...

The life of a trading system on Forex Factory