What I am saying is if your higher time frames show one thing and you trade a lower chart showing the opposite, only two things can happen: 1. You are trading against the overll trend. 2. You have successfully picked the top or bottom ( not likely) ...

Dragon Riders GBP/JPY

Which is why we should trade when all timeframes align.

Dragon Riders GBP/JPY

The problem is traders add to their losers when the timing IS STILL NOT CORRECT. You cannot just randomly add to losers without the trade having turned back in your favor. The traders who add to losers are the same trying to countertrend and pick ...

Dragon Riders GBP/JPY

Closed my AUDJPY and CADJPY about 12 hours ago in profit. Have now taken new longs on both.

Dragon Riders GBP/JPY

I have to disagree here. There are many times when your trade is correct but the timing is not quite right. I will hedge 50-80% of my position when it gets to a certain point, which varies depending on the pair and timeframe. I will then take the ...

Dragon Riders GBP/JPY

Guess I should've held that one. Just hit the original TP. Now long CADJPY and AUDJPY, may have to hedge my short GBPAUD for a bit of drawdown as GBP is pretty strong now, will hedge half in about 10 pips.

Dragon Riders GBP/JPY

Closed latest long for small 7 pip gain. Now short GBPAUD looking for 175 pip profit with 40 pip risk.

Dragon Riders GBP/JPY

There it goes again. I took profit earlier at 142.26 as I never hold in NY afternoon, why risk for no reward? Opened new long at 142.33 looking for 142.85 for now.

Dragon Riders GBP/JPY

Quoting Situhin Because if u waiting for a signal bullish or bearish when u got it the trend already gone 70% of it. So, I'll take that 30% as opposed to try to pick tops and bottoms.

Dragon Riders GBP/JPY

The best and most profitable system on this entire site is here url Loaded with indicators all working in tandem on multiple time frames. To each his own I guess, but I'll stick with this system forever.

Dragon Riders GBP/JPY

Been long @ 141.76, I will TP around the H4 200 SMA @ 143.00. Stop is already at BE +2. So risk free trade for around a 40% ROI reward.

Dragon Riders GBP/JPY

So true, never trade against the trend. It's so easy to make money with the trend, never understood why folks try to pick tops and bottoms.

Dragon Riders GBP/JPY

I agree. It's even more mind blowing when non US citizens use US brokers. Basically, any other broker in the world is a better choice.

FXCM Discussion

Everything moves sideways at this time of day. All of the volume disappears once London closes.

Dragon Riders GBP/JPY

Well if it goes from 141.00 down to say 110 without ever hitting 142, you are going to be at .2 per pip when it hits 140, .3 per pip when it hits 139, .4 at 138, etc. etc. $1410 is not going to cover it. If it was this simple, we would all have ...

Dragon Riders GBP/JPY

lol. This is me exactly. I'm usually up around 3:30 am, same deal go to work at 8 either done and happy or battling all day from my phone. Have to take pre workout (cause I'm so fucking tired) to hit the gym at 7 pm and lift heavy so I can get up ...

What does your normal trading day look like?

ATC was an IB for FXCM before filing for Chapter 11. No Thanks. url

Which US based forex broker to go with?

Exactly the pairs I trade. The ones that move the most. I find AUDJPY and CADJPY to be good as well.

The best Pairs to Trade?

Sure it does. Their spreads and commissions are too high. That cuts directly into your profits. For example, my spread on GBPAUD is 2.5 pips less than either of these brokers. My volume is 10 million per month. That's $2500 less per month in ...

Which US based forex broker to go with?

I live in Tampa, go to Orlando every month. Have annual passes to Universal, it's great down time for a 4 day weekend every month. If you're doing Universal Studios, be sure to stay at on site hotel. You get free express passes to skip the lines at ...

(binned per thread starter’s request) Give me your money