US dollar index is "DXY_M6" with IC Markets.

C-12's Supply, Demand and PA thread

I'll simplify what he's doing without the use of any EA. You can place all the orders & go fishing. 1-You get a "buy" signal. 2-Buy .01 with 50 pip trailing SL. 3-Place pending buy-stop to add .01 with a 50 pip trailing SL @ 100 pips higher than ...

Reverse Martingale Strategy

A bit higher for me.

USD/JPY Discussion

Thanks, just my "guess". You turned me into an "exotics gone wild" trader :-) I'd trade these levels with pending orders. ***I won't continue posting all these charts. Sunday boredom activity.

High probability live trades

US$ a bit tricky for me right now. Could turn south @ 2 areas above.

High probability live trades

Thanks for the access. I don't trade the exotics but here's my view. I would be comfortable with pending orders near any of the horizontal levels. More intermediate levels in between but less reliable IMHO.

High probability live trades

I think higher as long as no daily close below 44 area on WTI cash. 44 area has quite a bit of "history" on weekly. ***BTW, oil could be quite volatile monday because of the Saudi news this weekend.

Oil and Natural Gas

R:R could be the same for any type of trader. The difference could be in the win rate but I don't see one method as more/less of a "gamble". If the trader is better @ picking tops/bottoms than picking retracements, then step in front of the train ...

The Big secret to trading success

I've enjoyed following this thread for a few years (Thanks C-12) and yes, most of the trades shown are wins but I can't think of 1 thing I'd learn if traders posted a bunch of losing trades. C-12 has made it clear all along that he has losses. A ...

C-12's Supply, Demand and PA thread

Here's a quick example of option prices. (markets are closed so bid/ask not correct so just approximating.) GE stock price is $30.76. $28 call = $2.90 so basically buying stock for $30.90 ($28+$2.90). ($14 of premium for option that expires in 54 ...

Trend Following on Big Timeframes with Xumm

"American-style" options can be bought/sold @ any time with no penalties. (These are the only options I trade.) "European-style" options must be held until expiration. Investopedia is a good site to get information. Buying 6 month options will have ...

Trend Following on Big Timeframes with Xumm

Retail traders don't use options much because most retail traders are scalpers & options are much better for longer-term trading. Options spreads are wider than spot so transaction costs are higher so getting in & out with 5 pips or less won't ...

Trend Following on Big Timeframes with Xumm

Hi Xumm, Below is a copy & paste of a post from a couple years ago referring to options. I used stock/equity options in the example but the same principals apply to forex. Binary options are completely different than what I'm discussing & probably ...

Trend Following on Big Timeframes with Xumm

If they would follow your trading for more than a nanosecond they'd know your style & risk management.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

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Any brokers offering demo accounts for stocks or commodities?

1-XLE will have no drag from contango as it's an ETF of a group of energy companies. (See graph below showing the companies) 2-Place some trades on a DEMO account to see how much the cost is for holding a CFD. I think the swap costs will be way too ...

About oil trading

1-No easy way around contango. You'll have it if you use futures or ETFs. Futures will need to be rolled or the ETF will have it done automatically. If the market gets a bit less bearish the contango will get reduced. If the market gets bullish the ...

About oil trading

Me too.

Scalping the Mini Dow off the M1 Charts

1-Don't pay attention to the price of the ETF. It doesn't rise price-for-price with oil. Just pay attention to the % and watch the price of oil to determine when you want to buy/sell. If oil rises 3% then the ETF will rise approx. 3%. 2-USO is not a ...

About oil trading

Very nice Rocky!

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