nothing seems to be able to save the dollar.. even more dollar negative data.. 2.10 here we come <G> unless the carry's unwind

Cable Update (GBPUSD)

I didn't trade it, because it was pretty much priced in before the event.

US Interest Rate Statement trades

Nobody really knows. The dow is near record highs, so anything is possible

When will we see the next Carry Unwind?

Hi there.. Yes, I'm the UK.. I do use a spread betting broker, but not for this strategy. I use CMSFX for this. spread betting firms have their advantages, but like u say, the spreads are too high a lot of the time.

Simple 5 / 8 moving average crossover

That's cool.. Which broker do u use for gold futures?

Simple 5 / 8 moving average crossover

she would eat him for breakfast

Cable Update (GBPUSD)

I'll give you 5 british pence for it lol.. hold it for a bit u will get a good ROI

Cable Update (GBPUSD)

waheeeeeeeeey! bye bye dollar.. There really is nothing to save the buck at the moment! With very high oil, is this going to cause big inflationary problems for the future?

Cable Update (GBPUSD)

Risk aversion in the financial markets refers to speculators and investors being nervous, often due to a major economic situation where the full extent is unknown. For example, when the subprime mortgage debacle started, investors became ...

Risk aversion

to calculate a pivot point you use this simple formula: (High + Low + Close) / 3 Pivots often act as support/resistance.

PIVOT points

thanks for your comments. I would be careful with spread betting, some brokers have high spreads that make is very difficult. Many of them don't guarantee stops even in quiet market conditions unless you pay a big premium. I was thinking about ...

Simple 5 / 8 moving average crossover

Thanks for your kind words folks, It is much appreciated. I am glad so many of you are doing well with the system. Well done slkosier! 964 pips is awesome. What is that in terms of account equity? I made 340 pips in total which this month equates to ...

Simple 5 / 8 moving average crossover

finally we had a nice break through :-) I am thinking the trend may be up until the next stock correction. There doesn't seem much to save the dollar at the moment! Any thoughts?

Cable Update (GBPUSD)

Yes, I also like to keep things simple. I don't use indicators personally, the thing with them is they are lagged and can often make you chase the market. However, some people do well with them, so they clearly can be useful.

Simple 5 / 8 moving average crossover

been a good few days for me.. My longs on 4 pairs, NZD/USD NZD/JPY AUD/JPY and AUD/USD all did well, the trailing stops all got hit for a net 223 pips. Around 3% in equity on my account. Risk was 0.33% per trade, a total of 1.33%. I used lower risk ...

Simple 5 / 8 moving average crossover

You are welcome It's certainly not holy grail, but that really doesn't exist. I do believe it does give us a great chance to succeed in the long term though. It's great to hear people doing well here with the strategy and similar strategies. ...

Simple 5 / 8 moving average crossover

Thanks for your comments guys. Slushfund, glad to hear u are doing so well. When using the strategy with the smaller time frames, using a confirmation indicator such as RSI could be a great idea as like you said, there is a lot of random noise. ...

Simple 5 / 8 moving average crossover

Thanks for posting. How long have you been trading these setups and how is it going for you? Pete

Simple 5 / 8 moving average crossover

To be really honest, I have no clue :-) A lot can change between now and bring in the world of the financial markets.

Inflation (and ECB Rate Cut?)

More pips yes.. similar in percentage terms though.

GBP/USD daily pip movement vs. EUR/USD daily pip movement