it might be, I would wait for a nice retracement as well as a cross in this case.

Simple 5 / 8 moving average crossover

nearly all completely automated systems fail in the long term. I'm not saying all, because maybe some do pass the test of time, but I have not seen one yet. There is no holy grail to success. It takes a lot of hard work and patience, you need to ...

Can an automated trading system really work?

ya, holding a position for a while against the long term trend can easily hurt your account equity.

EUR/USD - Shooting Star - Possible trend reversal!

I'm personally not a fan of indicators either.. The problem with them all is they are lagged.

Trading Strategy

you need to find what works best for you. One thing you could do is open more than one position in the same direction with different TP areas, so some of your profit gets locked in. Just an idea.

Stop loss usage.

No, I don't hedge personally, but some traders seem to do well. I just try to buy currencies when they are trending and try to get in when they are cheap.

Do you hedge?

yeah i think it did.. cable is starting to get cheap.. perhaps more downside to come yet.

Cable Update (GBPUSD)

yep.. we could see it crash down again like friday.. we will soon know :-)

Auslanco - GBP/JPY and GBP/USD (newstrade)

low leverage is a very good idea most of the time. Inexperience and high leverage is almost always a recipe for blowing your account.

Is it good use high or low leverage as a beginner?

Let's goto that cheap country on the other side of the pond, I hear you can trade peanuts for their dollars.. I think it's called "america"

Cable Update (GBPUSD)

Indeed.. My broker updates quite well on sudden unexpected news events.

Was it a news?

do you mean like pseudo hedge strategies?

Backtesting multicurrency strategies?

heh if we knew that we could all be rich

Cable Update (GBPUSD)

very true.. though i cannot see a rate cut in the immediate future.. watch cable goo!!

Cable Update (GBPUSD)

yeah.. i see it.. we may be too late on cable now.. I'm not sure look at it go!

Simple 5 / 8 moving average crossover

I'm wondering if we could be seeing a carry unwinding. We have just seen a bounce at that 108.97 low you mentioned.. A break is certainly possible this week

Simple 5 / 8 moving average crossover

Thanks for your comments.. Fractals could be a way to improve entries for sure!

Simple 5 / 8 moving average crossover

I have a CMSFX account. No problems with them so far. They have always been prompt with payments.

ALPARI and CMSFX!

fxcm have good swap rates, I have never traded live with them though and I really did not like their platform but that is just me.

which broker is better to do carry trade?

They kick you out during the news.. the spreads are ok and the customer support seems ok and they have been around several years which also counts in their favour, but I am very uneasy about the lack of regulation. Safety of your funds is paramount ...

North Finance any good broker?