If you're after pips next week then the 240m is a very inefficient way to go about earning them. Remember this. ALL 240m moves start in the 5m. In fact, 80% of them start in the 1m...

james16 Chart Thread

Yes, you make a good point. This whole argument is as old as the hills and it will never go away. No point in me adding anything more to the mix.

james16 Chart Thread

Re that chart. I don't know of course but what I do know is next week is very important for the Daily Euro. Longer term the market is still in shock from the big 2014 decline and during the majority of 2015 it didn't know what to do hence the range. ...

james16 Chart Thread

Nobody is saying you can't learn some good material from whatever James16 is saying. But turning good material into long term profits is no way as simple or easy as 99% of vendors make out. It's the lack of a real-time trading account where all talk ...

james16 Chart Thread

It's not for free, nobody is asking for that. Rather instead of posting a historical chart showing a great trade, that chart can still be posted alongside the account statement to prove it was taken and the money was made. The charts can be posted ...

james16 Chart Thread

I can understand why people don't post trading statements as they're not always easy to understand because they might be stocked full of all sorts of different trades, some very short term,some medium and long etc. But there's an easy way around ...

james16 Chart Thread

Thok, it's all good discussion. There is no right or wrong way to play. Whatever one does is the right way for them etc. However, I have a problem with your quote "dont be too late to close a bundle if trend changes". I agree, but it's hard to know ...

Building an equity millipede

You're right about pyramiding. Sounds wonderful on paper, but like almost everything in trading, hard to put into profitable action. Also proves that G's method is as much about psychology as anything, if not more so. For example, do you have the ...

Building an equity millipede

Yes, but I was talking about a net position with your broker. But a well kept spread sheet can track every position just the way you want it. So you could have shorted 5 lots every day for the last week as well as bought 2 everyday (same market) and ...

Building an equity millipede

Cop, yes I forgot about the swaps, can be costly. That was once point that G made that I never agreed with - don't worry about the swap costs as the mega profits will wipe them out. True to a certain degree but why pay when you don't have to, or why ...

Building an equity millipede

Quinton makes an excellent point, others have made it as well - the fact that FX markets mean revert much of the time, especially to get the break even stops, makes this strategy hard and frustrating to implement for many. Basically as Q points out ...

Building an equity millipede

Sterling ain't been 'Great' for about 100 years now...

Cable Update (GBPUSD)

I could be wrong but I can't see too many stops above 1.5500 because the market hasn't in my opinion got many NEW shorts in. Normally to get new shorts in the market would have to have moved a lot lower, perhaps <1.5400 then the trap can be sprung ...

Cable Update (GBPUSD)

It will have come from the market into IC's account then into your sub account, then paid out to your bank (if you withdraw). IC are just a broker they will look to make their money off commissions so the more clients they have and business they do ...

IC Markets

What about opening a demo account then? I opened one with IC Markets, spreads were excellent but their order entry procedure was messy in my opinion so I worked out they weren't for me. Plus, the ability not to be able to work stop limit orders ...

IC Markets

See ahmerkhan, that's my point about the reviews of any broker, including this one. Illuminati says 'bad' whereas you say 'good'. If anyone reads the whole thread there are countless other examples of good versus bad posts making it impossible to ...

IC Markets

Vis. If you're not happy with IB and some of its FX pricings why not forget about them and go with someone who you are happy with? IB is in my opinion an excellent broker but others rightly or wrongly don't agree. So vote with your feet and go with ...

Interactive Brokers - experiences and opinions

RE the minor FX crosses, why bother with them? I mean, if one can't make profits with the 5-10 big majors, why should one be able to make money with some of the smaller crosses? Yes, if you're a market maker or similar I can understand but not with ...

Interactive Brokers - experiences and opinions

Thank H This is all new to me, do you know of any websites that could educate me more? Thanks

Can I control my main PC using a 2nd and 3rd computer?