SPX and the Composite Index — It's weekend and time to look at long-term charts. From the weekly we can see that SPX has spent the summer between the 38.2% and 50% retracements of the credit crisis drop, failing twice to break above the 50% ...

Islander and Medici trade the European open

Apart from supremeChaos' pertinent remarks, I'd like to add that you seem to be missing the point here. Given your tag name you should know that naked divergence trades aren't always easy to time. And the Bollinger bands help you with that. Take a ...

Jankone M5 thread

Thanks, reassuring and makes sense.

Consequences of the Dodd-Frank Wall Street Reform for forex traders

Haha! Thanks for interesting reading. We're on the same page then. Well, from a British perspective the American authorities' passion for saving the little man from himself seems to be in discord with being the home of the free and the brave, but ...

Consequences of the Dodd-Frank Wall Street Reform for forex traders

Not almost but a lot better, because it's not trading on some undisclosed soft corporate info but very precise info such as Deutsche will sell three yards Euro for a client at the 8am (London time) fix. And the client doesn't know the specifics of ...

front running question

That's not only not illegal - it's business as usual and common practice in the fx industry, and the source of a good part of fx trading revenues. For many professionals it's the main way of making money, i.e. by inside info on where (i.e. at what ...

front running question

Don't know about that. The industry has usually got its way with things. Money talks, bullshit walks. Further, the #1 priority for the Fed and the Treasury is to prop up the financial markets. As Greenspan said recently, that's the most important ...

Consequences of the Dodd-Frank Wall Street Reform for forex traders

FXCMUK? Are the CFTC calling the shots in the UK now?? I know that the Americans sometimes think that Britain is the 51st state, such as when they are calling UK politicians to Congressional hearings...But I thought the FSA regulated things here!?

Consequences of the Dodd-Frank Wall Street Reform for forex traders

With me it's only because it's the 13th No, seriously, it happens on Fridays every once in a while as I develop the Friday Zombie syndrome after getting up at 5.30am all week and not being able to get in bed early enough. A pity as today was, as ...

Islander and Medici trade the European open

Hello queenfx, long time no see. Still keeping up the harmonic pattern trading? It's mainly been boring trend trading in my markets. As to your concern, please take into account that journalists (including the fxstreet.com people) do what they can ...

Consequences of the Dodd-Frank Wall Street Reform for forex traders

Oh, another one like me! I am also a mathematician by training, and I have tried hard to think my way to optimal trading. Trying to think or justify entries and exits have been a hard habit to fight. So my slogan is now - trade what you see, dont ...

Price failure trading

Sorry reflex, but I missed your question. After a CI divergence reversal like this morning, it seems like it's safe to hold on until the SMA20 and the BBs flatten, and exit on a CI divergence. See chart. It may need more than one patience pill to ...

Islander and Medici trade the European open

Thank you for detailed explanation. Have a nice weekend in spite of the gale!

Islander and Medici trade the European open

From your charts it seems that you enter not only on crosses of the EMA30 but also retracement to it that doesn't actually cross, and then you base it or on some kind of momentum rule, I suppose?

Islander and Medici trade the European open

You can have a peek here: http://www.aeroinvest.com/chart%20Gallery/gallery1.htm

Islander and Medici trade the European open

Thanks. Well spotted then. The reason for my question is that it sometimes seems like that those managing the order flow follow the EMA30 as well You should read Constance Brown's work. She is considered one of the world's foremost ...

Islander and Medici trade the European open

Thanks for charts. Well done again I don't trade 1min charts either, but in conjunction with HL, LH trading the cross of the EMA30 is a good entry trigger as indicated in my previous post. Just like you I prefer the 5min. Following the ...

Islander and Medici trade the European open

You're welcome. Good trading and thinking as far as I can tell. I didn't do well initially - probably a bit tired towards the end of the week - but managed to catch the drop in cable based on Islander's EMA30 trigger And my early stumble was also ...

Islander and Medici trade the European open

Just out of curiousity, did you pick up the 30 min EMA on 1 min charts from somebody in the industry. They seem almost too good to be true at times

Islander and Medici trade the European open

CI and BBs — Can't resist - it's too beautiful!

Islander and Medici trade the European open