Thanks for the message psiholog! Those are wise words of advice I am doing my best to adheed to. Surely there will be a steep learning curve when trading live. I hear some people saying that trading demo is a waste of time and that the only useful ...

Money Management / Position Sizing

Good words — If I'm reading the charts right, a big downturn would take us to .7500 and then perhaps to .7000? So it might be a good idea to take positions at .81, .82, and .83. I can definitely see a sharp downturn if it reaches the .83 level ...

AUD/USD

Thanks for sharing the news ben10. My question is: if RBA is pushing prices down from .8000, who's driving them up there? Certainly not you and I. BTW, .8090 looks like solid resistence and should be good for a short-term play.

AUD/USD

it may go lower from there. but it seems like it might level off awhile before it does.

AUD/USD

Nice call on that prima. Hope you made something off that.

AUD/USD

I guess they are a lot of ways to play it. It seems most prudent to play it they way you see the market heading. But then the idea of the hedge strategy is to protect our existing positions, isn't that it?? I need to study your post some more! ...

AUD/USD

Looks headed down past 7946 and then towards 7900. Unfortunately, I woke up this morning and saw two of my positions at +25 each and took them out for +54. Ben10, you must be enjoying the ride. Fammira, what's your next position?

AUD/USD

All good advice fammira! You might be right about a pullback before prices head down again. So a possible hedging strategy in this situation might be: short at 8040. if it goes to 8060, buy. short again at 8080. Would this make sense? Thanks!

AUD/USD

Thank you fammira! I am trying to acquaint myself with the characteristics of this pair. It seems quite manageable and really seems to retrace prior buying sprees and sell offs. One question: by hedging, do you mean I should add to my position ...

AUD/USD

just found this thread — going short from 8039. targeting 7946. predictions after that?

AUD/USD

Dan, Have you started trading live yet? Your thread has been a good read. You've been quite consistent. I hope you find a lot of profits!

DanUK Simple EUR/USD Trading Journal 2009

Hi. I'm curious if you are able to create this EA. I have considered the same type trading but I have no programming experience. Good luck. Would like to hear if you are successful.

How to use TRIX values in an EA

I also like to see when WMAs cross. Perhaps an 8 and 15. Play around with the numbers to see what works best.

Need Help With A Possible System

You might want to try adding a third indicator such as a WMA 8 or 10. Use that only for possible exits, when it crosses the 5.

Very simple USDJPY scalp

Try adding a trix indicator. When it crosses 0 is a great sign to exit.

Need Help With A Possible System

+5 level? — Edge, what have your results been with the +5 level testing? I'm curious what your SL would be for that.

EUR/GBP Trendmagic System