MAs work well if used as support and resistance, especially, when MAs of different periods overlap and are trending, i.e. have a steep angle. With this method, you are trading AWAY from the MA, much better than looking for mean reversion !

The Logic Behind the Pitchfork

I don't know what you are up to, trendsurfer. Since you are labeled as a commerical member,why don't you open your own thread and tell everyone what you offer instead of invading other peoples' threads.

Precision Trading

Trendsurfer: I find this way of counting pips misleading. I made 19 pips last night. Had I opened 10 micro lots with each trade, I would have made 190 pips or what ?

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Doug, I appreciate your detailed reply to my post, also the advice regarding the SSI. I'd be happy to join you on Omnovia.

Precision Trading

No, just send me a PM.

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No, I quoted Doug...he mentioned the 60-80 pips per day somewhere. I'd be happy to average that in a week.

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I have just reread the thread... if your daily "quota" is around 60 pips, I guess I should abandon my method, bow down to you and join your room. We have a great week behind us with strong moves but I missed almost all of them and instead of going ...

Precision Trading

Howie, you used the term backtesting...but what you actually do is forward testing your method, right ? Your results are extremely impressive. ECB press conference + NFP today, let's see...

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what has rcg got to do with FCStone ? RCG charges 5 USD per 100k traded, thats really not competitive at all...unless they have other good features.

FCStone StoneX powered by integral charge only $10/m!!

Howie, so you are currently not running a room ? I was about check it out as I believe you have a very solid approach to trading. Are you still testing the scalping system ?

Precision Trading

This is exactly what I'm hoping for, at least with regard to NT and Multicharts.

LMAX = revolution?!?

Kennedy, Lmax rocks, I agree. I'm not with familiar with the API thing though....can you use common order entry platforms like Ninjatrader etc. with Lmax through API ?

Best broker for scalping

If I'm correct, there is a bridge connecting Ninjatrader to Dukascopy. Does anyone have any experience with this ? Is it stable ? Regarding IB and FX liquidity - I have watched the order book, albeit in demo mode...best liquidity in retail fx ??? I ...

Dukascopy

Hello Howie, as long as there are people looking for the holy grail in form of super indicators, EAs etc., there will be opportunities to make money through trading for those who have seriously studied the markets. It's very cynical but that is ...

Precision Trading

Smaller retail traders want free platforms with lots of bells and whistles, e.g. MT4, something LMAX doesn't offer. There are lots of ECN STP brokers out there already with good spreads, so it's going to be tough. More experienced traders will value ...

LMAX = revolution?!?

My goal is 20%...per week. But per day, wow...I couldn't pull the trigger with that much heat on each and every trade. Will keep a close look at this thread...I trade my own method but you can always learn a new trick or two.

Price Action Trading with Indicators! The Freebie System

Andrey, what leverage are you using ? 20% in one day is wild.

Price Action Trading with Indicators! The Freebie System

Cerber...Oanda doesn't hunt stops. I believe that 99% of those whining about stop hunting on fx boards are simply unprofitable traders who can't trade and who don't understand how the markets work. It's an easy explanation for them for why one stop ...

Best broker for scalping

Another reason: there a few Germans with good English skills. To make it in his business, a German broker would have to accept clients from all over the world, and consequently, to run the business, would have to hire English speaking staff which ...

good german broker?

Of all the brökers mentioned, I'd go with Oanda. All in all pretty low spreads and very fast fills, not good for news trading though. An alternative is always trading futures. LCG: min. account of 25k USD I was told.

Best broker for scalping