50-100 pips is the maximum I am willing to risk on a trade. If it goes beyond my SL, I am out. If it does not, I wait for recovery to minimize my loss manually. Your platform doesn't allow you to put in a SL with your trade? Mine does. It is a ...

Predicting direction of economic releases

Funny that you should make a statement that you are like me in trading the news when you are not. I trade fundamentals because they move the market. I also employ technical analysis so I know when to depart from a trade. You are not a news trader. ...

Predicting direction of economic releases

Transitions — Sorry, I misunderstood what you wanted. The transition from workplace to full time trader is really up to the individual. If you want books on it, try the Jack Schwager's 3 books called Market Wizards, Stock Market Wizards, and ...

Trading for a living

Web — Read this forum. You will get the latest information on trading. Other materials will become outdated faster. Even updates will not be up-to-date.

Trading for a living

News Strike — I tried newsstrike.com Waited for a long time just to get a password from them. Downloaded the communications software. Still waiting for them to deliver news fast enough to beat bloomberg and CNBC. The delay was so bad that ...

News Service Discussion Who is the fastest?

Been posting messages so others can see what I've been looking at and following. I just follow the news because it is like having employees that you never have to pay. All these news analysts do all the work and report it early. My "predictions" or ...

Predicting direction of economic releases

Yeah, I guess I did and didn't realize it. Thanks for making the correction.

Predicting direction of economic releases

Bush - "Bad for the economy, great for investors" — It doesn't matter what Bush has to say. Bush talks, people listen, moves the market, and we make money. Bush - "Bad for the economy, great for investors". Great slogan for rehiring ...

Consumer Price Index - Can you predict the direction?

Predicting direction of economic releases — We all have employees with this inside information. They report the news. This is the reason why business news people are forbidden to trade. The SEC has strict rules on insider trading. News ...

Predicting direction of economic releases

Predicting direction of economic releases — You bring a few good points up. Let me clarify my position: Leverage is 400:1 50-100 pip stop loss is not to prevent loss when it goes the wrong way but so the trade continues until it reverses. You ...

Predicting direction of economic releases

Bush Argues Treatment of Foreign Terrorism — Bush opens his mouth about terrorism and the USD/CAD drops 15 pips. The USD/CHF continues to drop.

Consumer Price Index - Can you predict the direction?

News Service — You already know I do. Read my first post on Predicting The Direction Of Economic Releases.

Consumer Price Index - Can you predict the direction?

Analyzing Core CPI after a release. — For next time: If you have to wait for the release of the next Core CPI to come out and you want to analyze the data, 0.2% is your trigger between the Actual minus the Expected data. Anything under 0.2% is ...

Consumer Price Index - Can you predict the direction?

Bush scheduled to speak at approximately 11:15 AM EDT — It is Friday and Bush is scheduled to speak. You all know what this means. If you don't, it means that the USD is going to drop again. It seems that every time Bush speaks, the USD drops. ...

Consumer Price Index - Can you predict the direction?

Sorry. As you know, I don't straddle trade. Can't seem to get used to putting two different order in to cover both sides. Way too confusing and can easily trigger both sides to have an overall loss.

Consumer Price Index - Can you predict the direction?

EUR/USD — Oh man, that was an awesome trade. 31 pips. Who didn't follow the news? Now this is a great friday morning. Futures reacted great too. Capital Utilization comes out at 9:15 AM EDT but I don't see any news on it so I can't trade it. ...

Consumer Price Index - Can you predict the direction?

I watch the currency news about an hour before the actual release of the report.

Consumer Price Index - Can you predict the direction?

Find a broker that allows trading of the pair and you have a demo platform that will chart it for free while you have the demo.

Charting Software

CHF interest rate hike PDF

Heads Up: CHF Rate Hike (Sep 14)