Check out this website: http://www.electricsavant.com/ That guy has a strategy for profiting solely from the interest rate differentials in forex. He claims to make good money doing just that. I'm not endorsing his methods, but it's a very ...

Profiting from interest rate differentials.

Looks nice, Merlin! I see you list previous and concensus numbers - how about a collumn for the actual number once it is released? That would make it easier to look back at previous releases and judge the reaction of a specific currency pair ...

Fundemental Announcements

Thanks, Merlin! As it happens, I'm reading "Smarter Trading" right now - about halfway through! James

Backtesting vs. Thought Process

Merlin, I had the impression that most of the good arbitrage opportunities in the world had disappeared. Good to hear otherwise! How often do you find tradable arbitrage opportunities between cash forex and futures? James

GBPJPY

Hi Marejp, Thanks for the links! Trading psychology may indeed be a good tool for changing thought processes. I've got a copy of Trading in the Zone by Mark Douglas, which is about trading psychology. Overall seems to be an outstanding book - lots ...

Backtesting vs. Thought Process

Merlin, You said: "im not sure i understand the statement. what is meant by your personal mental processes overrides any work ?" Here is how I understand it (which may or may not be what the original author of that quote intended): The logic, common ...

Backtesting vs. Thought Process

Month 1: Fund account with $10,000. Account busts. Down $10,000 total. Month 2: Fund account with $10,000. Ending bal $40,000. Withdraw $30,000 from account. Up $20,000 total. Month 3: Account has $10,000. Account busts. Up $10,000 total. Month 4: ...

What you think of FX Solution big Awards?

Oanda trades 24/7. You can open and close trades during the weekend, if you want to. Spread widens to 10 pips for the majors over the weekend, and the market starts moving with the Auckland traders early Sunday afternoon. James

Gaps in the market

Merlin, If you can design a system like that, you have a money machine. Just re-fund your account (or take your profits) every month! James

What you think of FX Solution big Awards?

So then, trading is not good for the health of 90-95% of all traders. James

is trading good for your health?

It has worked better for me than using a set # of pips as a stop. James

How many pips should I use as a stop loss?

Thanks for the feedback on GCI, Alex. Wow - that is poor execution. I trade with Oanda. I occasionally get slippage trading the news in very fast markets, but I've been trading 5min4x since 7 Mar (no reversals) and havn't gotten any slippage at all ...

GCI sucks

I like putting my stop loss just the other side of the nearest support or resistance level, with position size adjusted to accomodate. James

How many pips should I use as a stop loss?

Blue Monkey, Check out Ed Seykota's article here: http://www.seykota.com/tribe/risk/index.htm In that article he talks about stress testing. He says: "Stress Testing is a process of subjecting a model of the trading and risk management system to the ...

Statistical Validation on trading