account currency — I think you can have your ac in USD when you move to UK. Or you can have it in EUR, GBP. Its upto you.

NFA - "No more Limit or Stop Loss orders"

IBFX notification — I have a demo with IBFX - they notified in MT4 terminal that they are working on a solution. As far as I understand, with FXCM, you can: 1) use their OCO - once SL is hit, TP order is removed and vice versa. 2) use opposing ...

NFA - "No more Limit or Stop Loss orders"

Opposing orders — The only way to close a BUY order that is running would be to open a SELL order for an equal amount. Banning entry orders is only in the sense that you can't place SL and TP that is associated with an existing order. You can ...

NFA - "No more Limit or Stop Loss orders"

More NFA stuff — For those upset with NFA rulings, wait until you read this: url No more 400:1 leverage. Not that I support that kind of leveraging, but this might push many brokers to the brink.

NFA - "No more Limit or Stop Loss orders"

Still possible — Though SL and TP functionality is gone, one can mimic them with the use of entry orders. For example, if original order was BUY, the use of SELL entry for SL and TP is possible. Cumbersome, ridiculous. But, better than no SL ...

NFA - "No more Limit or Stop Loss orders"

ONLY in US — This rule applies only to US brokers.

NFA - "No more Limit or Stop Loss orders"

Why forex? — Several reasons: 1) Whenever I visit my homeland, while changing USD for the local currency, I used to wonder if I could also do that and make money . I had no idea at that time (2000-2001) that there is something called ...

Why do you trade FOREX?

H4 short — Short on E/$ H4

No Brainer Trades

EURUSD H4 — H4 setups on EURUSD

No Brainer Trades

No trade 6/3 — Lucas, Here you go. Again no trade for me today after applying the 50 pip box size filter.

New Variation on 7 am to 9 am Breakout Strategy

H1 setup — Hourly PB setup at Daily 50% + trendline.

EURUSD

Filter — Hi All: Even though this is a purely mechanical system, using the 50 pip box size filter seems to help. In today's case (6/2), E/$ has already move a lot since London open. It could move - I don't know. Since the box size is larger ...

New Variation on 7 am to 9 am Breakout Strategy

False breakout — Here you go.

New Variation on 7 am to 9 am Breakout Strategy

Fri trades - yes/no — As others have posted, today's trade was a loss. However, its just two fridays and not sure if we can conclude based on these two days. We need to look into more samples and then decide. If 60% of Fri trades (may be out ...

New Variation on 7 am to 9 am Breakout Strategy

Waiting for short — Short setup

The System II (Yes with irony)

Box limit size — Good suggestion on the box limit. This was also suggested in the original strategy thread - the profitability decreases as the box size increases. Will keep an eye on that as well.

New Variation on 7 am to 9 am Breakout Strategy

Need help on XL — Hi, I found a nice XL sheet from another thread, which can be used to calculate the # of lots that can be traded. Once we enter the ac balance, risk %, entry, SL, TP1 and TP2, the sheet calculates the recommended lots to ...

New Variation on 7 am to 9 am Breakout Strategy

Trade example 5/28/09 — Been following this method recently. Reg. lots, I do it slightly differently. If I trade 10 minis, I use 5 for TP1, 3 for TP2 and 2 for TP3. Lucas, You have already answered these questions in the other thread, but for ...

New Variation on 7 am to 9 am Breakout Strategy

Long trade today — Hi Lucas, I took the setup that you described in your earlier post. Nice breakout trade. Also, I try this in my trade management: Move SL to break even after TP1 is hit. Move SL to TP1 after TP2 is hit.

7am-9am Big Dog USD Breakout Strategy

Short setup... — Waiting for this short setup.

The System II (Yes with irony)