check out the book forum...

4X course recommendations

pro fx traders (the kind that work at banks, which it sounds like you are talking about) DO use stoplosses. maybe they dont place a stoploss order, but they have a mental stop. the reason they dont actually place the order ahead of time is because ...

Real Fx traders do not use stoploss

take your $100 and buy three good books...

4X course recommendations

ATR is more an indicator that helps you set your postion size, stop loss, and profit target. its not really used very much for entry points. the way you use it for your stoploss and profit target is that you take some multiple of ATR. for instance, ...

Atr

their relationship with Refco has no bearing on their financial situation, Refco just owned some of their stock. ACM is a great broker, i traded with them for a year or so and i have nothing but good things to say about their operation.

AC Markets

sweetness!!! always nice to see a LIVE winner!! nice job man.

box play

and if Eckhardt said it, it HAS TO BE TRUE! that guy is not only a friggin genius, but he has like 100 years of backtesting experience!

Are indicators useful?

indicators that just read the price are HIGHLY overrated in my opinion. moving averages, oscilators, overbought/oversold, etc etc etc. they all just do a fancy calculation with the price. so really, the price tells you just as much as these ...

Are indicators useful?

lou, i think you are referring to which side of the "/" USD is on. so pairs with USD on the left side (like USDJPY, USDCHF) will run "roughly similar" because the USD is on the same side. so the relationship between EURUSD and USDJPY is roughly ...

Correlation of Pairs

crucial post man. although i cant see the images for some reason. your analysis of the yen weakness in the face of a booming (dare i say) economy really opened my eyes to a few factors i hadnt considered. my main excuse for my yen miscalculation is ...

abob's fundies journal

you wouldnt. you would deposit 5k, or as little as needed to trade the system. as you guessed, your two MM strategies produce the same result. its just a matter of where you put your cash. cash is very valuable because it collects interest, so you ...

Two diff MM same result?

yes im interested in that too cici, you must be one hell of a lurker, great contributions on the first few posts

Beginner's Section Moderator Choice?

dial looks like the newbies love you as much as the rest of us! do you object to being the mod?

Beginner's Section Moderator Choice?

the great thing about trading is noone gives a damn about your pedigree, what you look like, how you talk, who your friends are, or even how good your breath smells in the morning. read market wizards, you will see that great traders come from every ...

Graduates vs non-grads in trading

sweet graphic man! i love how you have the ECB and the Fed on different axies..the "red dot" is ingenius...it all works... its always easier to make judgements when you have a framework to work within, huh? i actually like yours better than my ...

abob's fundies journal

LOL! yes, its a hard thing to admit as a currency trader, but im with ya man

abob's fundies journal

haha! you know it man! btw, did you get the email i sent you abo?

Central Banks Watch

ah fanat, i can tell by the finer points of your post that you are someone who has really gone through the very difficult process of system development. its such a hard game. ive never met someone who anticipated the game to be as hard as it ...

Forex as a system... Who benefits? What internal rules exist in FX?

i think anyone who CAN trade for a living WILL trade for a living. traders love to trade, usually more than anything else. if someone is trading "on the side" it usually means that they are still perfecting their techniques so that they can one day ...

Any full-time traders?

absolutely. but that seems so hard to do at this point, there are so many moving parts. where the fed stops is now in question in my mind. where the ECB goes is another. but inflation, i think that is what needs to be figured out right now. if we ...

Central Banks Watch