I don't get this either. You are self-admittedly in a trend. When in a trend the previous swing high is supposed to be broken. That's what makes it a trend in the first place. Why would you sacrifice to opportunity to double your profit by not ...

Scaling: In/Out. Winning/Losing

I'm not proud of this but if I close my eyes right now I couldn't tell you a single currency price current or past (and definitely not future). I can tell you what Avagardro's number is or the half-life of U-235 but for the life of me, I can't ...

Soultrader's Clinic :)

Pretty close. My system will make a dot or a line when a signal appears and then send me a text message. I keep MACD on my chart to look for divergence.

EUR/GBP Trading Room

Maybe it was just me. When I read Elliott waves don't work but fibs do, it's the equivelant of saying "I don't believe in Santa Claus but the Easter Bunny is definitely real." My only point is that EW rely upon fibs to some degree. I respect your ...

EUR/GBP Trading Room

TradeStation offers them as well. I have traded a few of the ISE options and they are an interesting product. They are offered by the ISE and PHLX so make sure you know which product you are trading. The ISE has a large number of saved webinars that ...

OptionsXpress has FX options!

The irony in that statement runs deep. Most EW traders use fibs to project the length of waves. I don't believe in them either (after a couple years of serious study) but the guy made a nice case for a move and it did what he said it would.

EUR/GBP Trading Room

I love any pair that can steadily rise 1700 pips in 2 months. I think your analysis is good and I enjoy your posts. I think you have the power to move this out to the forum. Once it grows to a few thousand posts and fills up with goofy commnets like ...

EUR/JPY Trading Room

Good call Dave. I wish more people would follow up on their initial posts and explain what did or didn't happen.

EUR/GBP Trading Room

I simply mean that if you are successful then it's probably due to something other than your current use of fibs. I truly wish you nothing but the best in your trading.

Fibonacci GONE WILD

Hey, if you're making pips then I'm happy for you. To be fair, the whole idea of fibs is that they are a self-fulling prophecy. But, if you're the only using them this way then your skills lie somewhere outside of fibs.

Fibonacci GONE WILD

Those fib lines are so close together that you're never more than 10 pips from hitting one. I dont' see how that is helpful. If I could find the number for the Fibonacci Abuse Hotline I would turn you in myself.

Fibonacci GONE WILD

I didn't know "whilstever" was a word either. We really do learn somethingnew every day.

Soultrader's Clinic :)

Akuma, I think your theory is correct. The market does move in waves, I just don't spend a lot of time assigning numbers and letters to them. I don't try to guess when the trend is over. It's my job to punish it until the market shows me that I'm ...

Soultrader's Clinic :)

I would think that the spreads and the lack of sophistication available to a retail trader would make this nearly impossible to trade. As the market becomes more and more efficient these opportunities begin to evaporate.

Trading The "Normal State"

I pointed that out back on page 1 in the third post of this thread. But, there's no fun in injecting real-life scenarios into our time here at fantasy camp.

Trading The "Normal State"

Therein lies the problem with elliott waves. You don't know that you've experienced a wave 2 until you see wave 3 and by that time most of the move is over. If it turns out not to have been a wave 2, EW traders just relable it to a B wave. Those ...

Soultrader's Clinic :)

I've never made a synthetic pair but here's how I think it would work: If you buy 1 contract of GBPUSD you own 100,000 pounds and borrow 203851 USD. When you buy 1 contract of USDCAD you own 100,000 USD and borrow 981670 Canadian. GBP/CAD = GBP/USD ...

Trading The "Normal State"

Let's go with the latter on this one.

Trading The "Normal State"

Using real numbers you would need 2 USDCAD contracts to make a GBPCAD (approximately). It's not always a 1:1 relationship to cancel out the USD.

Trading The "Normal State"

I'm certainly not a good as I could be when scaling in. I have a couple simple rules. Never add to my existing position unless the original position is breakeven or better. Add by using the same system that I used on my original entry but drop down ...

Soultrader's Clinic :)