That's a good point about the Canadian market (and we'll see foreign ownership of our banks before the rules change), but I presume the bulk of IB's clients are American, so how are they competing against lower commission/lower spread competition ...

Interactive Brokers - experiences and opinions

I'm not so sure. Since they take a commission for each trade they make very little from people maintaining their stock portfolios, a little more from those trading options, but most of their income is going to come from active traders, particularly ...

Interactive Brokers - experiences and opinions

Here's another ongoing problem with TWS charts -- when you draw or move a trend line, you have a 50/50 chance of the endpoint changing. image

Interactive Brokers - experiences and opinions

The problem with GSR is it's hard to predict where it will turn. If you swapped your gold for silver at 50.5 do you swap back now at 55.5 for a 10% gain or hold out? Here's a long term chart taken from GoldPrice.org url image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

It's a tool to make money swapping your silver investments for gold and vice versa. Because GSR extremes can correct by either the higher ratio metal losing or the lower ratio metal gaining it has limited predictive value for trading gold or silver ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Always being satisfied with any profitable trade, or not losing money, is exactly the right attitude for successful trading.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

This is a very long article which does e very good job of explaining what an analyst on BNN called the "greatest Ponzi scheme of all time". url Around the middle of the article it gets to the reason why central banks are stuck doing this careful ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I've been asked why I wasn't posting much lately -- until gold positioned itself to resume the correction Tuesday the "real money" was in EUR/JPY and to be honest I thought sideways action would continue quite a bit longer. When gold rose 50% of the ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

What is a "fakey"? On that chart the circled areas look like normal price action to me so I'm not sure what you mean. Also, why do you think economic data will have a meaningful effect on gold?

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Click on your (or anyone's) user name and you'll be brought to their home page where you'll see their total number of posts. Click on that number and you'll get a summary list of all their posts. Click on their user name next to a summary to be ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Most people wouldn't consider a $53 move the wrong way a "slight hiccup", and though going long from $1,555 would have been a good move, the true clever ones were those that went short and profited from that very large move down to $1,555 then went ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I don't believe King, Draghi, or Bernanke are expected to say anything that should seriously impact gold, but that doesn't mean gold and currencies won't spike both ways based on out-of-context phrases the auto-trading software picks up from their ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

It depends. Currently there are more outstanding shorts than long positions which would imply a fall, but unless there is follow-through (i.e. contract expiry acts as a catalyst) the action is usually over shortly after early market trading for ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I haven't heard from you in a while -- I hope you're doing well and your trades are profitable. EUR/JPY is what I've been almost exclusively focussed on, and it's heading down faster than I can draw a chart so I don't know if the chart will be valid ...

Davit's Confluence Trading

A non-US currency viewpoint is always welcome as it provides an alternate look at what's happening; however, it would really only be useful on longer time frames.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You've now made four references to a head-and-shoulders pattern forming in silver. On what time scale are you looking? The daily silver chart? (left) The hourly silver chart? (right) image Please post a chart so we can see what you're talking ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Actually, you posted your ridiculous claim to at 8:58am EST on the 19th when gold was at $1608, made a $2 gain, then fell over the next 36 hours to $1,555. Assuming you followed your own advice you lost a lot of money, yet at 7:41am EST on the 21st ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Statistically, US non-farm payroll data rarely coincides with a change in trend in currencies, and even less often with gold and silver. Government policy and central bank comments/announcements are what cause markets shifts from/to ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Some convincing charts by Gordon Roy-Byrne of the Daily Gold Newsletter that it's time to buy gold. (Though I'd point out his charts show it is -almost- time to buy gold and that we haven't quite hit support yet.) url

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'm afraid I won't be much help here. I only mentioned it before because the DailyFX analysts use it in their SSI strategy and they've done enough testing for me to trust their suggestions; but I've never been successful at incorporating it into my ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread