hello Tycoon, thank you for your reply and understood. one of the systems I trade is the same as yours, but with a little twist. if for instance GBP is meeting resistance, I pair all 7 main currencies with GBP as long as it is swap positive. of ...

FCVR

hello Tycoon, interesting way of trading you got here. risk: you say on a 10k account, $1 a pip. normally risk is measuring stop loss and account equity. seeing that you don't have a SL, what do you mean exactly with $1 a pip risk?

FCVR

reminds me of good systems like "The System (Irony included)" by Feb2865 and also "Monthly Profit - Daily Trading using SMA" by Bk8, all on the daily chart.

The "V" trading system

even if you earn swap on your position with a forex broker, it will be a lot less compared to currency futures.

Why are swap rates among brokers vastly different?

welcome to the wild west of spot forex trading. the brokers can charge you anything they want. for long-term trading, the costs of trading spot forex is simply too high.

Why are swap rates among brokers vastly different?

A/N is a little under water: placed trade @ BE[/quote] A/N just closed @ BE.

Monthly Profit - Daily Trading using SMA

hello Oddbjorg, be aware of the French election on Sunday and EUR might be very volatile after the weekend. maybe close the euro trades before the weekend?

Monthly Profit - Daily Trading using SMA

I am trading slightly different from Bk8. when I place a trade, I want to make sure as much as possible that the new direction will hold. that`s why my entry criteria are a little stricter than Bk8`s. not only do I want to see 2 decent candles in ...

Monthly Profit - Daily Trading using SMA

[quote just sold A/N @ 1.0776 [/quote] A/N is a little under water: placed trade @ BE

Monthly Profit - Daily Trading using SMA

A/N might certainly be successful with 2 candles in the new direction. watch the red news out today though. just sold A/N @ 1.0776 N/J out @ BE

Monthly Profit - Daily Trading using SMA

as I mentioned earlier in the thread, I`m always a bit weary of trading off one fat candle in the new direction. I rather see two decent daily candles in a new direction. I have more faith that the new direction will hold after 2 daily candles than ...

Monthly Profit - Daily Trading using SMA

N/J is a little under water.........hopefully will get out @ BE AUD is weakest - USD strongest, but very large candle. wait for a day for a bit of consolidation. don't really want to place a stop loss of 140 pips.

Monthly Profit - Daily Trading using SMA

yep, you got it.........good luck of course you could also take a halve position each in N/J and N/U.

Monthly Profit - Daily Trading using SMA

tossing up between N/J and N/U. JPY is the weaker of the two. buy N/J

Monthly Profit - Daily Trading using SMA

exit @ BE

Monthly Profit - Daily Trading using SMA

quite a few AUD pairs are good to go. however A/CH has two good candles going in the new direction. bought already yesterday, but that's not according to Bk8`s system. buy A/CH

Monthly Profit - Daily Trading using SMA

ah well that figures; I`m sure they`re talking about forex brokers here.

5 years and still no strategy

so you don't trade spot forex then?

5 years and still no strategy

concerning the 5sma: that changed quite a few times, but is now what is in post 1. generally it means that we are waiting for two daily candles going in a new direction.

Monthly Profit - Daily Trading using SMA

post 1 of this thread has been updated all the time, so the latest info is there. I would only like to warn people of risking 5% of your account per trade. in my opinion that number is far too high and could cause worry and sleepless nights. risking ...

Monthly Profit - Daily Trading using SMA