I agree, I have been scaling in since the monthly TL at 108.00 area. There are some very large targets on this, but the next few ups and downs are the place to get longs locked in for the long term.

usd/yen Update-chart looks bullish

Why are you wondering? Although I have passed my series 3 and trade managed accounts, the exam itself honestly had very little to do with the forex and more to do with commodities. Knowing the behind the scenes on trading corn on the commodities ...

Series 3 Qualified

You may try reinstalling over your current install if your just using the default draw line buttons. They shouldn't be disappearing on you.

Simple, I'm Sure, But Frustrating!

"Using technical analysis, what is the best approach to trading a box formation?" 1) Buy when the trade price reaches the bottom of the box and sell when the price reaches the top This would give you a good risk to reward ratio, with stops just ...

"Box formation"?

As well as a commission per turn. That needs to be factored in to ECN trading. If there is no commission, then the broker is putting it in the spread. If the broker is putting it in the spread they have the ability to manipulate the price and ...

1-2 spread on GBP/JPY with 1:200

This is an absolute truth. Back when I mentored, one of my hardest students was an actual a brain surgeon. One of the top in the country. He flies around and gives lectures to other surgeons. To this day I have yet to make him profitable. There is ...

How I blew up my account in 3 weeks

Several years, if you find a system of trading that also produces profit you can use the 2 accounts for this and the broker won't mind the open trades. Roll some lots and the brokers happy. The nice thing is, for long term trading, you can trade ...

How to turn 50k to 300k.

This is the journal section, he's simply keeping a trading journal that others have access to. If he were trying to teach you to do the same, or providing the EA's to others this thread would be in a different section. A journal is simply a blog ...

Trading EAs

Yes, stops are sent to the server for the individual tickets. There's no need to run MT4 unless you are running a script that is automatically moving your stop ie Trailing stop, or any other EA that manipulates the trade while you are away.

Meta Trader brokers in US?

Saying it can be done is an opinion as well, but it only takes one successful pattern trader to prove that opinion. I know several. I'm defining successful as profitable for several years now, retired from careers to trade full time and loving life.

Super Patterns

Yes, it always makes me nervous to see retail traders start agreeing on direction. It usually means the banks are making it look like a great opportunity and getting ready to pounce.

End of Carry Trade

This is an opinion.

Super Patterns

Be careful whose taking the other side of the sell positions. What I see is a break of a significant level and run down to get all of the retail traders in. Keep in mind, people looking at charts like this need retail traders to take the opposite ...

End of Carry Trade

North Finance is not regulated by the NFA because they are not based in the US, therefore they do not need to report to them or meet their arbitrary requirements.

Proposed NFA Capital Requirement

I agree with the EUR/CHF up move, in fact heres a study I sent out to my trade group earlier today. I cut out my company logo at the top and shrunk it down in paintshop, so the text looks a little weird from the shrinking. The original document is a ...

james16 Chart Thread

Here is a perfect example of what we have been saying about forex reviews. Thank you. People complaining are mostly news traders taking advantage of off market pricing and complaining when the broker calls them on it.

is fxdd a good broker

The NFA is a US regulatory body, so no broker outside of the US or without a US office is going to bother being regulated by the NFA. All it does is open them up to being shut down for no reason. Search the forums before starting new threads to ask ...

Which Broker Is The Best?

Hmm... never seen that in FXDD. You might call their customer support.

Mysterious spread/price jumps on FXDD?

I've never seen a crying symbol, however when the EA has "allow live trading" unchecked it is a frown.

virus or something else: smile symbol becomes a crying symbol

I don't remember any major upset during thanksgiving week the last few years, but keep in mind this is a global market. It isn't the NYSE. Thanksgiving is a US only holiday, the actual US session may be slow on Thursday but I wouldn't alter your ...

Thanksgiving Trading!