I'm locked in at +80 off that 1hr trend line from last week. I am at 0 risk and will be looking to risk another 2% trade if an opportunity arises.

Daily GBP/JPY analysis

There is scalping and there is scalping. Let's say you Get in with 90% of your margin at 8:30:01 on Non-farm and get out at 8:30:20 19 seconds later with a 100 pip move on the initial spike. The broker never got a chance to actually pass that trade ...

Scalpers Go Here

Yes, it's a very simple strategy when you get down to it. However with no spread can be pulled off for massive profits if managed correctly.

Banks analysis

Tick trading can be successful only on an ECN platform with virtually no spread. Think... Rob Grespi type trading. I think that's how you spell his name.

Banks analysis

That is a hard question to answer. There is alot of psychology involved in the way banks trade. The banks need you to lose for them to win. Sometimes you can look back at the market and see area's where the banks blatantly sucked people into buy's ...

Banks analysis

I won't tell you what to do Adelb, however the G/J can be a monster if your in the wrong way. Don't let emotion keep you in the trade. If your system says go long, than keep your long. If your technicals have changed and are now looking bearish, ...

Daily GBP/JPY analysis

As my picture before suggests, I agree with the Bearish view and am already up 93 pips and locked in since that picture was taken. Got in off that 1hr Trendline. I like it when everything agree's. Since I'm at 0 risk on the trade now, I will look ...

Daily GBP/JPY analysis

I took a screen shot and put it in power point to draw that line. Hoping to better visualize for you guys the pattern I was seeing.

Daily GBP/JPY analysis

First attempt at posting a picture here, so hopefully it works. Here's what I'm looking at. I'll wait for a bounce down and a cross of my MA's before entering. image

Daily GBP/JPY analysis

Thanks, I will mess with it some more after trading today. Coding is a whole different world.

Help with a Custom Indicator

Hmmm... since there seem to be some coding geniuses in here I will ask another question that seems in line with the original topic of the post. I am by no means a coder, but I have been able to assemble an indicator through the copy and paste method ...

Help with a Custom Indicator

I heard rumors that Boris and Kathy recently started offering one of their books for free. It was a book that I paid $85 dollars for and covers alot of different area including 10 trade setups if I remember correctly. As I already owned the book, I ...

Recommendations for Beginner FOREX Books?

I assume you are coming from Demo correct? You've never funded an account before? Fund a 2-5k account and expect to lose it. The day you trade your first live dollar is the day you begin the real psychological journey of the forex. In my humble ...

for those who trade full time...

Tough call between Trend Lines and MA's.

What is your favourite basic indicator???

I will be shorting if it gets up to 228.00 area. Backside of the daily trend line and Resistance area.

Daily GBP/JPY analysis

I didn't mind it for my EUR buys. Was just surprised. Went to the bathroom, came back to a 50 pip candle.

Cable Update (GBPUSD)

So... any reasoning why my 9:35 candle is 50 pips after an uneventful morning?

Cable Update (GBPUSD)

I use a modified 1 hour version of trading off the profit lines back to the tunnel and the 4 hr version with daily profit levels. Works well for my medium term trades.

Anybody still using vegas?

I believe alot of people are simply relieved to finally know the decision. It has been affecting the JPY crosses alot recently, now the JPY's can get back down to buisness. I am still in Longs from last week when it went down to the 119.35-40 daily ...

BoJ Rate Decision and Fukui speaks at 1:30 EST

Ugh, I wrote like 2 pages and then for some reason my backspace key loaded the last page and it's gone. Ok to summarize. My vision for automated trading is a mixed system of manual and automation. I would like to find and ideally help develop an ...

Automated Trading